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Proton Power Systems ( (GB:PPS) ) has shared an announcement.
Proton Motor Power Systems has announced its intention to delist from the AIM market and re-register as a private limited company. This decision follows financial challenges, including the withdrawal of support from its principal lender and unsuccessful discussions with a potential industrial partner. The company plans to seek shareholder approval for these actions at a general meeting, emphasizing a strategic shift to continue operations at a significantly reduced cost.
More about Proton Power Systems
Proton Motor Power Systems is a company that specializes in designing, developing, and producing fuel cells and fuel cell electric hybrid systems with a zero-carbon footprint. They are focused on providing sustainable energy solutions in the power systems industry.
YTD Price Performance: 51.79%
Average Trading Volume: 1,406,430
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.06M
For an in-depth examination of PPS stock, go to TipRanks’ Stock Analysis page.
