Stmnt re Share Price Movement

RNS Number : 9959O

Proton Motor Power Systems PLC

04 June 2020

 

4 June 2020

Proton Motor Power Systems plc

("Proton" or the "Company")

Statement Regarding Share Price Movement

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, notes the recent rise in the Company's share price and confirms that it is not aware of any material reason for the significant increase.

On 16 April 2020, the Company updated the market on the impact of COVID-19 on its operations and order intake in the first quarter of 2020; that its factory in Puchheim remains fully open and production capacity has been unaffected, and that after a record order intake in the first quarter of 2020 amounting to around EUR 6.4 million, Proton remains on track to fulfill all deliveries to customers in the current production pipeline resulting from Q1 and previous order intake.

The Company expects to announce its final results for the year ended 31 December 2020 during the week commencing 22 June 2020.

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: [phone] www.protonpowersystems.com
Shore Capital Nominated adviser and broker
Antonio Bossi / David Coaten	Tel: [phone] 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).

 

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