By Julian Singer On 17 September Proton Motor Power Systems (PPS) announced its unaudited interim results for the six months to 30 June 2021. They showed sales of £0.9 million versus £1.1m for the first six months of 2020 and £1.9m for the whole of 2020. Sales have thus been almost constant over the last [...]
By Julian Singer When we last wrote in January 2019 about Proton Power Systems, the Munich-based producer of hydrogen fuel cells, the company had just announced a joint venture with two German companies to produce power systems for heavy-duty trucks. But it seems that this venture did not take off as it is not mentioned [...]
On 9 January Proton Power Systems (PPS), the maker of hydrogen fuel cells, announced that it had formed a joint venture with two German companies to build heavy-duty trucks powered by fuel cell hybrid engines. The company, called Clean Logistics, will be owned in equal proportions by PPS, Hopen GmbH and Hary AG. The goal [...]
On 29 May Proton Power Systems (PPS), the maker of hydrogen fuel cells from their factory near Munich, reported revenues of £1.12 million for 2017, down 44 per cent from £1.99m in 2016, but close to the average of £1.07m for the years 2013-15. The reason for the increase in 2016 was a large order [...]
Interim results of Proton Power Systems (PPS) for the six months to 30 June 2016 show flat revenues of £384,000 and increasing loss of £6.7 million (2015 full year: £9.2m). At first sight these results look grim, but they do not reflect the full picture. PPS was incorporated in February 2006 and soon after bought [...]