Proton Motor Power Systems (PPS)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.65p
   
  • Change Today:
      0.000p
  • 52 Week High: 5.75
  • 52 Week Low: 0.35
  • Currency: UK Pounds
  • Shares Issued: 1,661.75m
  • Volume: 300,256
  • Market Cap: £10.80m
  • RiskGrade: 457
  • Beta: 0.01

Proton Motor Power gets follow-up order from Deutsche Bahn

By Josh White

Date: Tuesday 25 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Proton Motor Power Systems, a designer and producer of zero-carbon fuel cells and fuel cell electric hybrid systems, announced a new follow-up order from DB Bahnbau Gruppe, a subsidiary of Deutsche Bahn, on Tuesday.

The AIM-traded firm said the order was for a complete hydrogen fuel cell emergency power system under the brand name EnerRail H024, with a rated power output of 24 kW.

It said the order was the second fuel cell emergency power system requested by DB Bahnbau Gruppe, following a similar order delivered on 16 May.

The order was also the 25th system ordered since the cooperation agreement between Proton Motor and DB Bahnbau Gruppe was signed in 2015.

Proton said the newly-ordered system would be installed in the same railway control centre in the greater Berlin area as the previously-delivered system.

Both systems were capable of operating independently, providing a combined total rated power output of 48 kW.

"This follow-up order from DB Bahnbau Gruppe further proves the quality of Proton Motors' systems and its customer support and orientation," said chief executive officer Dr Faiz Nahab.

"The order comes shortly after receiving serial and operational approval, a successful site acceptance test and hand over to our long-standing customer, DB Bahnbau Gruppe.

"We are pleased that, with this new order, we are further strengthening our cooperation with DB Bahnbau Gruppe and we look forward to continuing to support Deutsche Bahn on its net-zero-transformation with our zero-emission fuel cell generator solutions."

At 1101 BST, shares in Proton Motor Power Systems were down 2.14% at 2.06p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PPS Market Data

Currency UK Pounds
Share Price 0.65p
Change Today 0.000p
% Change 0.00 %
52 Week High 5.75
52 Week Low 0.35
Volume 300,256
Shares Issued 1,661.75m
Market Cap £10.80m
Beta 0.01
RiskGrade 457

PPS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.22% above the market average5.22% above the market average5.22% above the market average5.22% above the market average5.22% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
97.37% below the market average97.37% below the market average97.37% below the market average97.37% below the market average97.37% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
35.38% below the market average35.38% below the market average35.38% below the market average35.38% below the market average35.38% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average

PPS Dividends

No dividends found

Trades for 04-Oct-2024

Time Volume / Share Price
15:49 12,040 @ 0.79p
14:21 1,938 @ 0.80p
13:27 12,674 @ 0.79p
13:23 17,812 @ 0.78p
12:41 250 @ 0.80p

PPS Key Personnel

CEO Faiz Francois Nahab
COO Sebastian Goldner

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