Result of AGM

RNS Number : 9067Z

Proton Power Systems PLC

01 June 2016

 

Proton Power Systems plc

("Proton Power" or the "Company")

Result of AGM

Proton Power Systems plc (AIM: PPS), a Clean Tech total power solution provider, uniquely the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces that at the Company's Annual General Meeting held on 1 June 2016 all resolutions put to shareholders were duly passed.

At the meeting Ian Peden, Chairman of Proton Power, said: "Proton Power has moved into the commercialisation phase during 2016 and beyond with a very strong €2.5m order book. The key strength of Proton Power is the "blue chip" relationships we have with the major players in the clean power solutions industry. This will form the foundation of our future revenue streams. The recent signature of a seven year framework agreement shows the confidence in Proton Power's technology and demonstrates its capability in clean tech power solutions"

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For further information:

Proton Power Systems plc
Dr Faiz Nahab, CEO
Achim Loecher, FD Ian Peden, Chairman	Tel: [phone] Tel: [phone]
	www.protonpowersystems.com

Stockdale Securities Limited Nominated adviser and broker	Tel: [phone]
Antonio Bossi / David Coaten	www.stockdalesecurities.com

About Proton Motor Fuel Cells GmbH ("Proton Motor")

Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 21 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 the implementation of customized solutions.  The focus of Proton Motor is on mobile, marine and stationary solutions and applications.  The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.

Proton Motor acquired and integrated SPower GmbH in 2013. Established in 2007, SPower 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. With the SPower expertise, Proton Motor can offer complete power supply solutions with fuel cell and all electrical components.

Proton Motor is a wholly owned subsidiary of Proton Power Systems plc which has been listed on the London Stock Exchange since October 2006 (code: PPS).

 

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