PPS Develops Cleaning Vehicle

Proton Power Systems PLC 06 February 2007 PPS develops emissions free street cleaning vehicle with Swiss Bucher February 6, 2007... Proton Power Systems plc ('PPS'), through its subsidiary Proton Motor Fuel Cell GmbH ('PM'), one of the world's leading electric hybrid fuel cells companies, today announced the commencement of work on a utility vehicle project in Switzerland in collaboration with the Swiss Bucher Municipal, the world's leading supplier of municipal vehicles for road and airport maintenance services. The project, called 'hy.muve' (Hydrogen Driven Municipal Vehicle) will see the development of a cleaning vehicle using PM's fuel cell system for commercial vehicles. The 'sweepers' have high and non-continuous power demand for their various subsystems, such as driving motors, cleaning brushes and blowers, and as such will benefit from PM's expertise in developing hybrid fuel cell technology which includes energy storage systems capable of providing power during peak demand situations, and of recovering breaking energy. The contract will generate revenues for PM of up to approximately €396,000 over the next 42 months, if the feasibility phase is completed successfully. Felix Heidelberg, PPS' Chief Executive Officer, said, 'Our technology is ideal for a wide range of industrial applications where energy demands vary and back-to-base refueling occurs, both in terms of cost effectiveness and in reducing adverse environmental impact. Working with a leader in the municipal vehicle market on this project allows us to look at new applications beyond forklift trucks and city buses. The market potential for fuel cell hybrid cleaning vehicles in Europe is substantial and so far largely untapped.' The project is being coordinated by EMPA, the leading Swiss federal materials science and technology research institution, with other Swiss research institutions involved. The development kicks off with a feasibility study. Engineering, building and testing is scheduled to begin by April 2007. With annual turnover of 537 million CHF, Bucher Municipal, a division of the Swiss Bucher Industries AG, is the world's market leader for municipal vehicles for road and airport maintenance services. Its product range includes road sweepers, snow clearing equipment and spreaders. For further Information contact: Media: Gavin Anderson & Company +44 207 554 1400 Ken Cronin kcronin@gavinanderson.co.uk Marie Cairney mcairney@gavinanderson.co.uk Commercial: Proton Power Systems +49 8151 26 86 422 Joachim Kroemer j.kroemer@proton-motor.de Notes to Editors PPS, through its subsidiary Proton Motor Fuel Cell GmbH ('PM') has developed and produced a standard fuel cell module, fuelled by hydrogen integrated with an energy storage system to create a hybrid electric fuel cell system capable of providing power during peak demand situations. The market focus is on industrial applications where 'back-to-base' refueling occurs, on site, at the end of each shift or work period. The Group has identified opportunities to replace lead-acid batteries with their PEM fuel cell systems and has identified niche markets in the materials handling and mass-transportation sectors where hybrid electric fuel cell systems offer considerable advantages over conventional engine technology and fuel cell only drive systems. The Group has identified two initial market segments in which the Directors believe the advantages of hybrid electric fuel cell systems will lead to economic benefits for the end user - forklift trucks and buses. In most cases, vehicles operate within a defined radius or return to central points of operation. The many advantages over current commercial alternatives include lower fuel consumption, longer periods between refueling, shorter refueling, consistent levels of power delivery and zero harmful emissions. PM's technology development has been undertaken with the key objectives of multiple applications and volume production. PPS listed on the Alternative Investment Market (AIM) on October 31, 2006. This information is provided by RNS The company news service from the London Stock Exchange
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