Agreement with L-3 Communicat

RNS Number : 7095Z

Proton Power Systems PLC

28 September 2009

 



Press release

28 September 2009

Proton Power Systems plc

('Proton Power' or 'the Company')

Proton Power Systems plc Signs Agreement with L-3 Communications

 

Proton Power (AIM: PPS), a designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announced that it has signed a Partnership and Exclusivity Agreement with L-3 Communications Combat Propulsion Systems (L-3 CPS). Under this agreement, L-3 CPS will market and sell Proton Power’s Fuel Cell Power Systems for use in propulsion systems, marine and Universal Power Supply (UPS) applications to the North American military and civilian applications market.

The PEM Fuel Cell runs on pure Hydrogen and is one of the most efficient methods of converting Hydrogen into electrical energy with an efficiency rating of close to 50%. Combined with thermal energy conversion for use in UPS applications, efficiencies reach over 90%. The combination and integration of this technology in modern propulsion systems offers an emission free and carbon neutral alternative to conventional international combustion engines plus with the added bonus that the systems are ultra quiet, and has a very low heat signature. The only by-product of this process is pure water. 

Michael Soimar, President, L-3 CPS said, 'Proton's alternative energy fuel cell propulsion systems provide an environment-friendly method to our customers' transportation and power products requirements.'  

Thomas Melczer, CEO of Proton, commented:' We are delighted about the partnership with L-3 CPS. North America is a lead market for Fuel Cell Technology. Together with L-3 CPS, we plan to play a leading role in that market.'

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For further information:

Proton Power Systems plc
Thomas Melczer, CEO	Tel: [phone]
John Wall, Chairman	Tel: [phone]
Ali Naini, Deputy Chairman	Tel: [phone]
	www.protonpowersystems.com

Arbuthnot Securities Limited
Tom Griffiths / Antonio Bossi	Tel: [phone]
	www.arbuthnotsecurities.co.uk

Media enquiries:

Abchurch Communications Limited
Heather Salmond / Justin Heath / Monique Tsang	Tel: [phone]
[e-mail]	www.abchurch-group.com

About L-3 CPS

L-3 CPS develops, manufactures, integrates and supports propulsion and mobility systems that include engines, transmissions, turret drives and suspensions for military combat platforms worldwide. L-3 CPS is an established alternative energy provider, already having asserted itself in the development of small, light weight fuel efficient engines for power generation; auxiliary power units; and hybrid electric vehicle technologies.

L-3 CPS is based in Muskegon, Michigan and is a division of L-3 Communications, the U.S.'s 6th largest defence company.

Headquartered in New York City, L-3 Communications employs over 66,000 people worldwide and is a prime contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. The company reported 2008 sales of $14.9 billion. 

About Proton Power Systems plc

Proton Power Systems plc is a developer and manufacturer of fuel cells and fuel cell hybrid systems for motive and stationary power supply. Its sales-driven strategy focuses on identifying applications with the greatest market needs and supplying large volumes of cost-competitive systems to fulfil those needs. Proton Power is gaining access to a broad range of markets through partnerships with leading OEMs such as Skoda Electric, in addition to contract manufacturers such as Deutsche Mechatronics.

Proton Power's motive applications include forklifts, city buses, municipal utility vehicles, commercial vehicles and ferries. Stationary applications focus on the Uninterruptible Power Supply ('UPS') sector, where there is a large demand for mission-critical, grid-independent secure power supply in places such as telecommunications stations, data centres, hospitals, and power substations.  

Through its wholly owned subsidiary, Proton Motor Fuel Cell GmbH ('Proton Motor'), the Group has developed and deployed fuel cell modules that can be integrated with energy storage media to create hybrid fuel cell systems. Proprietary, intelligent energy management software balances the power output across the system to maximise efficiency and improve power delivery. The system therefore boasts lower fuel consumption and more consistent levels of power delivery than conventional diesel/combustion engine or fuel cell-only systems, while producing zero harmful emissions. 

Proton Power Systems plc was admitted to trading on AIM on 31 October 2006 and is incorporated in the UK. Proton Motor has more than 15 years of experience in the fuel cell market and is located in Puchheim, near Munich, Germany. 

www.protonpowersystems.com

 

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