Award from KEP

RNS Number : 4126H

Proton Power Systems PLC

19 May 2014

 



Proton Power Systems plc

("Proton Power" or the "Company")

Proton Power and Hermes Europe GmbH ("Hermes") have received an award from KEP for the most advanced innovation in logistic technology in 2014

Proton Power is pleased to announce that, together with Hermes, it has received the Innovation Award 2014 from KEP Magazine ("KEP") which is the official monthly newspaper of the German Logistics Industry.

The award was won in respect of a 7.5 ton electric powered light duty vehicle equipped with Proton's 8kW HyRange Fuel Cell system.

Hermes is currently testing the vehicle in normal delivery operation from its Hamburg based facilities. Hermes was also praised by KEP for the innovative approach using this new technology to provide emission free transport.

Proton Power designed and integrated the HyRange 8kW system in the vehicle.

Hermes Manager Bjoern Peterson accepted the award from KEP and commented: "We are pleased about this recognition from KEP for our commitment to provide day to day logistics with zero emission. It is a principle of Hermes to take a leading role in new technology and to do all we can in our daily work, to reduce emissions. We are very pleased with Proton's vehicle, which is performing as required and expected and we hope that we can use more of these vehicles in the near future."

John Wall, Chairman of Proton, said: "This award from KEP, which is the voice of the German Logistics Industry and the praise from Hermes, gives us great confidence. We are on the right track with our new HyRange product line. We are ready to provide similar solutions for electric powered vehicles to Hermes or other logistic players in Germany and the World. We have already received significant interest and enquiries".

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For further information:

Proton Power Systems plc
John Wall, Chairman	Tel: [phone]
Achim Loecher, FD	Tel: [phone]
	www.protonpowersystems.com

Westhouse Securities Limited Nominated adviser and broker	Tel: [phone]
Antonio Bossi	www.westhousesecurities.com

About Proton Motor Fuel Cell GmbH

Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 17 years of experience in this sector.  Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source - from the development and production through to the implementation of customized solutions.  The focus of Proton Motor is on back-to-base mobile, marine and stationary solutions applications.  The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customised systems.

Proton Motor acquired SPower GmbH in 2013. Established in 2007, SPower serves IT, telecoms, public infrastructure and healthcare customers in Germany, Europe and the 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 Power Systems plc.  The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

About Hermes

Hermes provides international logistics services to the retail industry. Headquartered in Hamburg, it is a wholly-owned subsidiary of the Otto Group. The company is a leading specialist for retail-related services and partners numerous distance sellers in Germany and internationally. The range of services provided by the twelve Hermes companies embraces the full length of the supply chain: sourcing, quality assurance, transport, fulfilment, home deliveries and 2-man handling. In 2013 the Hermes Group grew consolidated revenue to 2.083 billion euros and increased the number of employees to 11,814. Hermes operates worldwide and has established country companies in the UK, Russia, Italy and Austria. Since January 2013, Hermes is the official premium partner of German football's Bundesliga. Further Information http://bit.ly/HermesPressemappe 

 

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