Proton Power Systems PLC Appointment of financial advisor (8572B)
April 07 2017 - 2:00AM
UK Regulatory
TIDMPPS
RNS Number : 8572B
Proton Power Systems PLC
07 April 2017
07 April 2017
Proton Power Systems plc
("Proton", "Proton Power" or the "Company")
Appointment of financial advisor
Proton Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems, today
announces the appointment of BHF Bank Frankfurt to seek additional
international industrial investors for the Company.
Proton Power has made further progress in the period with
delivery of commercial contracts in proven technology, strategic
co-operations and building the sales pipeline for an increase in
the order book. Further investment in the manufacturing capability
has put the company in a very strong strategic position to
capitalise in the marketplace and to deliver financial performance.
Proton Power has strengthened its organisation to be able to
deliver complete power supply solutions. Proton Power adds value to
clients through fuel cell expertise and system solution and
know-how.
Ian Peden, Chairman of Proton Power, commented: "the Company is
seeking partners with international sales reach and experience in
large scale manufacturing to take the Company to the next stage,
satisfying the large demand for hydrogen fuel cells.
The idea is that the strategic partner and shareholder would be
able to assist Proton Power with the scale-up required to satisfy
the envisaged demand. Now is the right time to find additional
investors and partners as the market demand is growing fast and
Proton Power is taking the business to the next level. Proton
Power, with the help of BHF Bank, is presently in discussions with
many different corporations in Germany, Europe, China and USA."
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Ian Peden, Chairman Tel: +49 (0) 162
101 6470
www.proton-motor.de
Stockdale Securities Limited
Nominated adviser and broker Tel: +44 (0) 20
7601 6100
Antonio Bossi / David Coaten www.stockdalesecurities.com
This information is provided by RNS
The company news service from the London Stock Exchange
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