Proton Motor Power Systems Faces Financing Challenge

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

Proton Motor Power Systems plc reported challenging interim results for H1 2024, with a decrease in sales and orders compared to the previous year. The company faces a critical financing hurdle as its principal lender will not extend support past December 2024, raising concerns over the company’s ability to continue operations without securing alternative funding. Despite the tough economic climate, Proton Motor continues efforts to innovate and streamline, including investments in a new production facility and a restructuring program.

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