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Proton Power Systems Announces Extension to Purchase and Cooperation Agreement
Publication Date:27-February-2007
06:30 AM US Eastern Timezone 
Source:Proton Power Systems
Proton Power Systems plc ("PPS"), through its subsidiary Proton Motor Fuel Cell GmbH ("PM"), one of the world's leading electric hybrid fuel cell companies, today announced an extension to a purchase and cooperation agreement to provide fuel cell stacks to an international technology leader for their 1 to 5KW family of products.

The original agreement was signed in December 2005 and this extension follows the successful completion of a number of milestones and is worth approximately 190k Euros.

Delivery of the fuel stacks is expected to begin in April this year and will continue for approximately 12 months, at which point a final design will be agreed for commercial volume production.

Felix Heidelberg, PPS' Chief Executive Officer, said, "The extension to this agreement underlines how close we are to achieving the industry's long term ambition of volume production of fuel cells. Proton Power is well placed to be the first to achieve this"
 


 
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