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PROTON MOTOR POWER SYSTEMS PLC

Business and Financial Review Feb 4, 2020

7861_rns_2020-02-04_7e567168-357e-4886-a90a-b1aac6b8c02d.html

Business and Financial Review

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RNS Number : 9430B

Proton Motor Power Systems PLC

04 February 2020

4 February 2020

Proton Motor Power Systems plc

("Proton" or the "Company")

New order

Proton Motor 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 it has received an order from a new customer in Europe for a Hydrogen Fuel Cell system to be integrated into a mobility related application for an approximate total value exceeding EUR 500K. Delivery is scheduled for May 2021.

Dr. Nahab, CEO of the Company, commented: "We are delighted with this order as it further confirms the growing demand in the European mobility sector for Hydrogen Fuel Cell solutions with a view to providing a clean energy source."

For further information:

Proton Motor Power Systems plc
Dr Faiz Nahab, CEO

Helmut Gierse, Chairman

Sebastian Goldner, COO/CTO

Roman Kotlarzewski, CFO

Manfred Limbrunner, Director Sales and Marketing
Tel: +49 (0) 173 189 0923

www.protonpowersystems.com
Shore Capital

Nominated adviser and broker
Antonio Bossi / David Coaten Tel: +44 (0) 20 7408 4050

www.shorecap.co.uk

About Proton Motor Fuel Cell GmbH

Proton Motor has 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 a wholly owned subsidiary of Proton Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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