Proton Power Systems (PPS) has signed a seven year framework agreement worth €15m with a blue chip German customer for fuel cell emergency power units. These are expected to be delivered and installed over a seven year period. This follows the first binding order received in April 2016 from the customer worth €1.8m in 2016. As this agreement covers only one of Germany’s regions there is potential for it to grow substantially. We view this news positively and will reinstate for

31 May 2016
Contract win now a framework agreement

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Contract win now a framework agreement
Proton Motor Power Systems Plc (PPS:LON) | 9.8 0 0.0% | Mkt Cap: 151.5m
- Published:
31 May 2016 -
Author:
Robert Sanders -
Pages:
2 -
Proton Power Systems (PPS) has signed a seven year framework agreement worth €15m with a blue chip German customer for fuel cell emergency power units. These are expected to be delivered and installed over a seven year period. This follows the first binding order received in April 2016 from the customer worth €1.8m in 2016. As this agreement covers only one of Germany’s regions there is potential for it to grow substantially. We view this news positively and will reinstate for