Proton Power Systems PLC Manufacturing robot (2023A)
May 28 2019 - 1:01AM
UK Regulatory
TIDMPPS
RNS Number : 2023A
Proton Power Systems PLC
28 May 2019
28 May 2019
Proton Power Systems plc
("Proton" or the "Company")
Robot to increase manufacturing capacity delivered
Proton Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems with a
zero carbon footprint, announces that further to the recent
conclusion of cooperation and partnership agreements and clear
signs that the industry demand for hydrogen fuel cells is rapidly
increasing, it is presently installing a stack manufacturing robot
which will allow it to increase production capacity to 5,000 fuel
cell units per annum. The manufacturing robot relating to the
project Fit-4-AMandA (Fit for Automatic Manufacturing and Assembly)
was financed by the European Fuel Cells and Hydrogen Joint
Undertaking (FCH JU) agency. Proton was one of 5 professional
bodies that took part in the development and rigorous testing
programme in order to perfect performance and manufacturing
capacity of the robot.
In order to meet future increasing demand, plans are already in
place to modify the machine layout to be able to produce up to
30,000 stack units per year. Proton would like to assure all its
supporters and those believing in our zero CO2 footprint that the
company is ready and able with its GEN 4 stack module and fuel cell
to cope with the expected demand in this partially world saving
industry. This contribution to the industry will serve mobile
applications (buses, trucks, etc.), stationary applications (power
generation, standby & continuous power), and maritime (yachts,
ships).
Helmut Gierse, Chairman, said: "We are delighted with this
important development in the Company's progress as it contributes
greatly to manufacturing ability and puts Proton in a commanding
position to receive larger quantity orders before the end of
2020."
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Sebastian Goldner, COO/CTO
Roman Kotlarzewski, CFO Tel: +49 (0) 173 189
Manfred Limbrunner, Director Sales 0923
and Marketing www.protonpowersystems.com
Stockdale Securities Limited
Nominated adviser and broker Tel: +44 (0) 20 7601
6100
Antonio Bossi / David Coaten www.stockdalesecurities.com
About Proton Motor Fuel Cell GmbH
Proton Motor is an expert with more than 20 years of experience
in Power Solutions using CleanTech technologies such as hydrogen
fuel cells, fuel cell and hybrid systems with a zero carbon
footprint. Based in Puchheim near Munich, Proton Motor offers
complete fuel cell and hybrid systems from a single source - from
the development and production through the implementation of
customized solutions. The focus of Proton Motor is on back-to-base,
for example, for mobile, marine and stationary solutions
applications. The product portfolio consists of base-fuel cell
systems, standard complete systems, as well as customized
systems.
Proton Motor serves IT, Telecoms, public infrastructure and
healthcare customers in Germany, Europe and Middle East with power
supply solutions for DC and AC power demand. In addition to power
supply, SPower also offers solutions for Solar Systems as well as a
new product line for Solar Energy Storage.
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of
Proton Power Systems plc. The Company has been listed on the London
Stock Exchange since October 2006 (code: PPS).
About Fuel Cells and Hydrogen Joint Undertaking
The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) is a
unique public private partnership supporting research,
technological development and demonstration (RTD) activities in
fuel cell and hydrogen energy technologies in Europe. Its aim is to
accelerate the market introduction of these technologies, realising
their potential as an instrument in achieving a carbon-clean energy
system.
The three members of the FCH JU are the European Commission,
fuel cell and hydrogen industries represented by Hydrogen Europe
and the research community represented by Hydrogen Europe Research.
https://fch.europa.eu/
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contact rns@lseg.com or visit www.rns.com.
END
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