Proton Power Systems (GB:PPS) has released an update.
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Proton Motor Power Systems has expanded its loan facility by an additional €6.1 million, bringing the total to €77.5 million, to cover working capital needs and accelerate its hydrogen product development. This increase is part of the agreement with shareholder Mr. Falih Nahab, and may lead to further loan facility expansions or a new agreement to support the company’s financial needs in the upcoming year. Proton Motor Power Systems continues to focus on zero-carbon footprint technologies, with a product range tailored for various applications, including stationary, mobile, and marine systems.
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