– GERMANY, Munich / UK – Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, is pleased to announce the appointment of Ian Joseph Peden to the board of directors as Non-executive Chairman of the Company.
Mr Peden, aged 52, is a Fellow of the Chartered Institute of Management Accountants and currently serves as a non-executive director and partner at Team B LLP. Mr Peden has significant public company and international experience through senior divisional roles at Chloride Group plc, as finance director for the UK Sales & Service Division, and Marconi plc, as European Finance Director in the Access Division.
Mr Peden has over 30 years of industry experience, beginning his career as a qualified electronic and communications engineer before also qualifying as a production engineer. Prior to his role at Team B LLP, Mr Peden held the position of CFO at Trilogy Communications Holdings Ltd, a global communications provider.
Commenting on the appointment, Dr Faiz Nahab, CEO, said: “I am delighted that Ian has agreed to become Chairman of Proton Power. His experience with Chloride and other UK public companies will be incredibly valuable as we continue to develop the business.”
About Proton Motor Fuel Cell GmbH
Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 17 years of experience in this sector. 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 customized solutions. The focus of Proton Motor is on back-to-base, for example, for mobile, marine and stationary solutions applications. The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.
Proton Motor acquired SPower GmbH in 2013. Established in 2007, SPower serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage.
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power Systems plc. The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).
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