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Pin to quick picksProton Mtr Pwr Share News (PPS)

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Proton Power Systems Makes Progress In First Half But Loss Widens

Mon, 30th Sep 2019 11:06

(Alliance News) - Fuel cell manufacturer Proton Power Systems PLC on Monday reported a widened interim loss as revenue fell.

Revenue for the six months to June 30 fell to GBP269,000 from GBP506,000, with the firm's operating loss widening to GBP2.8 million from GBP2.2 million. Administrative expenses rose to GBP2.9 million from GBP2.2 million.

Due to the volume of incoming orders in the first half of 2019, the company has an order backlog with a sales value of GBP5.1 million, including ongoing eight years of warranty income.

"Proton Power has made further progress in the period with delivery of commercial contracts in proven technology, strategic co-operations and building our sales pipeline. Further investment in our manufacturing capability has put us in a stronger strategic position to capitalise in the marketplace and to deliver financial performance," the company said.

Shares in Proton Power were down 6.5% at 20.10 pence in London on Monday.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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15 Mar 2019 10:28

Proton Power Systems to work with Skoda Electric on fuel cell buses

(Sharecast News) - Proton Power Systems has signed a letter of intent with Skoda Electric in the Czech Republic, it announced on Friday, with the objective of entering into a cooperation to develop, sell and service fuel cell electric buses using Proton's modular 'HyRange' systems.

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9 Jan 2019 08:06

Proton Power Systems launches hybrid truck joint-venture

(Sharecast News) - Proton Power Systems on Wednesday signed a joint-venture agreement to establish hybrid heavy-duty truck maker Clean Logistics GmbH.

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15 Oct 2018 11:31

Proton Power sets up joint-venture with German carmaker

(Sharecast News) - Fuel cell outfit Proton Power Systems has agreed to establish a joint venture with electric carmaker e.GO Mobile that will see the London-listed group build a range extender for the German startup's mini-buses.

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26 Sep 2018 13:15

Proton Power Systems Interim Loss Narrows On Reduced Cost Of Sales

LONDON (Alliance News) - Proton Power Systems PLC on Wednesday reported a narrowed interim loss on reduced cost of sales.In the six months ended June, the designer, developer and producer a

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29 May 2018 11:39

Proton Power Boosts Loan Facility As 2017 Loss Narrows On Cost Cuts

LONDON (Alliance News) - Proton Power Systems PLC on Tuesday said it has increased its loan facility to EUR34.5 million after its loss narrowed in 2017 despite a fall in revenue.The a loss

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2 Aug 2016 10:35

Proton Power surges on sales rebound and corporate restructure

(ShareCast News) - Hydrogen fuel cells maker Proton Power has impressed investors with news of strong current trading, plans to restructure the business into three divisions and for a boardroom reshuffle. AIM-quoted Proton, whose shares shot up 91% to their highest in a year, forecast revenue for ca

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2 Aug 2016 09:39

WINNERS & LOSERS SUMMARY: Direct Line Up After Outpacing Expectations

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2 Aug 2016 08:18

Proton Power Shares Soar On Restructuring Plan And Revenue Outlook

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31 May 2016 09:47

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31 May 2016 08:27

Proton Power Systems Wins Seven-Year Fuel Cell Deal In Germany

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31 May 2016 08:10

Proton Power wins follow-up framework from German blue chip

(ShareCast News) - Proton Power Systems, the fuel cells and electric hybrid systems specialist, has signed a seven-year, €15m framework agreement with a major customer in Germany. The 'blue chip' client has contracted Proton to supply fuel cell emergency power units for the region of Bavaria, buildi

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25 May 2016 15:18

UK Shareholder Meetings Calendar - Next 7 Days

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23 May 2016 10:28

Proton Power soars after winning Orkney fuel cell order

(ShareCast News) - Shares in Green power provider Proton Power Systems soared after the company said it had won a €0.5m order to provide a containerised fuel cell stationary power system for the Orkney Islands "Surf and Turf" project. The project involves generating hydrogen from wind and tidal ener

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23 May 2016 06:50

Proton Power Systems Wins Order For Orkney Islands "Surf & Turf"

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6 May 2016 16:53

Proton Power shrinks sales and losses in 2015

(ShareCast News) - Designer and producer of fuel cells and electric hybrid systems, Proton Power Systems, reported on a year of reduced sales but a narrower loss on Friday. The AIM-traded company said the reduction in sales to £0.68m from £1.41m in 2014 was due to the phasing of its Siemens order wi

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