Proton Motor’s EU Grant Selection Spurs Financial Hopes

Proton Power Systems (GB:PPS) has released an update.

Proton Motor Power Systems has been selected by the EU Commission to potentially receive a grant from the Innovation Fund for its innovative smart factory project involving automated fuel cell production. However, the company must clarify its eligibility due to recent changes in its business operations, leaving the grant’s timing and terms uncertain. This development comes as Proton Motor seeks additional funding sources to continue operations beyond the end of 2024.

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