Proton Power Systems provide electrical power solutions through their subsidiary Proton Motor, which is based in Puchheim near Munich. Their products consist of hydrogen fuel cells, fuel cell hybrids (which are fuel cells integrated with a battery pack), uninterruptible power supplies and solar storage units. The products are marketed in three segments according to their application: stationary, mobile and maritime.
Exchange: London AIM (PPS)
Financial Data from Exchange Website: LSE summary
Recent Financial Report: Interim report to 30 June 2016
Further Information: Proton Motor Fuel Cell GmbH was a spin-off from Magnet Motor, a German electric propulsion company, which was bought by Proton Power Systems (PPS) in 2006. SPower GmbH, a manufacturer of uninterruptible power supplies, was added to the group in 2013. The combination of the two companies provides a variety of products offering power solutions. PPS see clear advantages for hydrogen fuel cells in markets for electrical systems where battery life is insufficient and needs extending. These include auxiliary power units as back-up, stand-alone supplies for IT and infrastructure, city buses, passenger ferries, light and medium duty vehicles.
Revenue in the six months to 30 June 2016 was £384,000 with a loss of £6.7million. PPS has made losses of over £9m from 2013 to 2015. They have been financed principally by loans from their largest investor (Roundstone Properties Ltd), and by Falih Nahab. In 2014 and 2015 50 per cent of their revenue came from Seimens in Germany. For 2016 they announced that they had orders booked for £1.9m.
Contact Details: St. Ann’s Wharf, 112 Quayside, Newcastle upon Tyne NE1 3DX
Chairman: Ian Peden
CEO: Dr. Faiz Nahab
Fields of interest: Energy Storage