Reach announcement - non-regulatory

10 January 2024

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

Introduction of new hydrogen fuel cell system

Proton Motor Power Systems plc (AIM: PPS), the designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems, is pleased to announce the introduction of its new HyModule® S4 fuel cell system solution.

The new system offers a simple 'plug and play' solution for markets seeking an emission-free energy source alternative to traditional diesel and natural gas generators. This includes residential housing, small industrial complexes as well as emergency and off grid power supply seeking seasonal energy storage and combined heat and power applications.

The new HyModule® S4 is designed to offer a lower power range, using Proton Motor's proprietary HyStack® 200 liquid-cooled fuel cell technology. The introduction of this new product will be complementary to the Company's existing stationary application offerings, including the higher power HyModule® S8 system.   

The extension of Proton Motor's HyModule® product line is in response to sustained interest in hydrogen powered technology and the Company's strategic focus on capitalising on dominant market adoption in stationary markets at a decentralised level. This targeted approach ensures that Proton Motor is well positioned towards commercialisation and enables the Company to capitalise on predicted demand.

The HyModule® S4 will be presented for the first time at HyVolution Paris 2024, one of the world's leading hydrogen events, from 30^th January 2024 to 1^st February 2024.

        Image 1: A prototype of the HyStack® 200                                   Image 2: HyModule® S4

Dr. Faiz Nahab, CEO of Proton Motor, said:

"We are pleased to announce the introduction of our HyModule® S4 system, developed to deliver hydrogen solutions to smaller power generation needs. The successful presentation of this new product reaffirms the Company's commitment to commercialisation, through the continuous development and refinement of our hydrogen technology, as well as the increasing interest in innovative hydrogen technology to support the energy transition."

For further information:

About Proton Motor

Proton Motor has 25 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a zero carbon footprint. Based in Puchheim near Munich, Proton Motor develops and produces standard Products as well as customised solutions.  The focus of Proton Motor is on stationary solutions, as well as mobile, marine and rail applications.  The product portfolio consists of base-fuel cell systems, standard complete, as well as customised systems.

Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of Proton Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).

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