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Proton Motor Power gets fourth order from large aerospace customer
18th Mar 2021 11:08
(Sharecast News) - Fuel cell and electric hybrid system developer Proton Motor Power has received a fourth order from a large, unnamed international engineering and aerospace company, it announced on Thursday.
The AIM-traded firm said the order was for four more 'PM Module S8' fuel cell systems, for the autonomous provision of energy and heat.
It said the customer had further indicated that there could be further follow-up orders to come in the pipeline.
"We are delighted to be working with this important customer for the long term and we expect that the relationship will expand to include training and service to support international sales," said chief executive officer Dr Faiz Nahab.
At 1047 GMT, shares in Proton Motor Power Systems were up 0.68% at 74p.
The AIM-traded firm said the order was for four more 'PM Module S8' fuel cell systems, for the autonomous provision of energy and heat.
It said the customer had further indicated that there could be further follow-up orders to come in the pipeline.
"We are delighted to be working with this important customer for the long term and we expect that the relationship will expand to include training and service to support international sales," said chief executive officer Dr Faiz Nahab.
At 1047 GMT, shares in Proton Motor Power Systems were up 0.68% at 74p.