Proton Motor Power Systems PLC Directorate Change
October 28 2024 - 9:00AM
RNS Regulatory News
RNS Number : 9040J
Proton Motor Power Systems PLC
28 October 2024
28 October 2024
Proton Motor Power Systems
plc
("Proton Motor" or the
"Company")
Directorate
change
Proton Motor Power Systems plc (AIM:
PPS), the designer, developer and producer of fuel cells and fuel
cell electric hybrid systems with a zero-carbon footprint,
announces that Manfred Limbrunner is no longer Director of Proton
Motor with immediate effect.
As announced on 23 September 2024,
all employees based at the Company's Puchheim office were informed
of the intention to terminate their contracts at the end of the
requisite notice period under German law and/or as envisaged by
their contracts of employment. It is not intended that the Company
will seek to replace Mr Limbrunner on the Board of Proton Motor
until such time that the future financing of the Company has been
determined. The directors of Proton Motor continue to seek
alternative sources of finance to continue to operate beyond 31
December 2024 and will provide further updates in due
course.
Dr. Faiz Nahab, CEO of Proton Motor,
said:
"The Board cordially thanks Manfred
Limbrunner for his years of extremely valuable contributions to the
Company."
For
further information:
|
Proton Motor Power Systems
Plc
|
|
|
Dr Faiz Nahab,
CEO
|
|
|
Roman Kotlarzewski, CFO
|
+49 (0) 173 189 0923
|
|
|
www.protonpowersystems.com
|
|
Allenby Capital
Limited
|
|
|
Nominated Adviser &
Broker
|
+44 (0) 20 3328 5656
|
|
James Reeve / Vivek
Bhardwaj
|
|
|
|
|
|
Celicourt Communications
|
|
|
PR Adviser
|
+44 (0) 20 7770 6424
/ protonmotor@celicourt.uk
|
|
Mark Antelme / Philip
Dennis /
Charlie Denley-Myerson
|
|
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 heavy-duty,
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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END
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