REG - Proton Motor Power - Directorate Change

Proton Motor Power SystemsAnnouncement

22/05/2024 07:00

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RNS Number : 3611P  Proton Motor Power Systems PLC  22 May 2024

22 May 2024

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Directorate changes

 

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 Mr. Helmut Gierse has informed the
Company that he is retiring as Chairman of the Board and a Director of Proton
Motor with immediate effect.

 

The Company is pleased to announce that Mr. Ali Naini has been appointed as
Chairman of the Board, effective immediately. Mr. Ali Naini joined the Board
of Proton Motor as a Non-Executive Director on 31 May 2023.

 

Dr Faiz Nahab, CEO of Proton Motor, commented: "The Board wishes Mr. Helmut
Gierse a healthy and long retirement and cordially thank him for the 15 years
of extremely valuable advice and support.

 

"As we stand uniquely well placed to take advantage of the adoption of
hydrogen fuel cells across multiple markets, we are delighted to welcome Mr.
Ali Naini on his appointment to the Chair on the Board, having been a
non-executive Director of the Company since 2023. Mr. Ali Naini brings a
wealth of finance and commercial experience in the cleantech sector, developed
over a distinguished career and we look forward to his sage counsel at this
very exciting time for the Company."

 

For further information:

 

 Proton Motor Power Systems Plc
 Dr Faiz Nahab, CEO
 Roman Kotlarzewski, CFO                                                         +49 (0) 173 189 0923
 Antonio Bossi, NED
 Investor relations:                                                             www.protonpowersystems.com
 investor-relations@proton-motor.de (mailto:investor-relations@proton-motor.de)

 Allenby Capital Limited
 Nominated Adviser & Broker                                                      +44 (0) 20 3328 5656
 James Reeve / Vivek Bhardwaj

 Celicourt Communications
 PR Adviser
 Mark Antelme / Philip Dennis                                                    +44 (0) 20 8434 2643

 

 

About Proton Motor Fuel Cell GmbH

 

Over 25 years Proton Motor has developed proven fuel cell products and
systems.  With its established position in the multi billion-dollar
addressable fuel cell market, the company is uniquely well placed to capture
the significant and fast growing demand for 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 offers
complete fuel cell and hybrid systems from a single source - from the
development and production through the implementation of customised
solutions.  The product portfolio consists of base-fuel cell systems,
standard complete systems, as well as customised systems. The Company's
strategic focus is serving customers with a need for long duration
uninterrupted power supply, namely the Stationary, On/Off Highway Mobility
sectors as well as Marine and Rail.

 

Proton Motor Power Systems plc has been quoted on the AIM market of the London
Stock Exchange since October 2006 (code: PPS).

 

 

 

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