Proton Motor Power gets order from DB Bahnbau

5th Nov 2021 12:18

(Sharecast News) - Fuel cell and electric hybrid technology company Proton Motor Power announced on Friday that, following the recent extension of the co-operation agreement with DB Bahnbau as announced on 20 July, it had received an order from DB Bahnbau for a 'PM Frame' fuel cell system, which is Proton's modular fuel cell system for customised integration.
The AIM-traded firm said it had also entered into a maintenance services contract for 22 systems, which were delivered in 2016, with DB Bahnbau acting as general contractor.

DB Bahnbau is a subsidiary of German rail operator Deutsche Bahn, and is a full-service provider for rail infrastructure.

"The board estimates the market potential for emergency power systems to be delivered in cooperation with DB Bahnbau to be up to 1,800 sites with power requirement levels of between 10kW and 500kW," Proton said in its statement.

At 1146 GMT, shares in Proton Motor Power Systems were up 5% at 47.25p.