Sep 29, 2011 - UK fuel cell maker Proton Power Systems Plc (LON:PPS) saw its revenue grow to GBP 385,000 (USD 603,000/EUR 442,000) in the first half of 2011 from GBP 210,000 a year earlier.
The company reported a net loss for the period of GBP 3.9 million, compared with GBP 1.7 million. The result included a fair value loss of GBP 1 million on embedded derivatives.
Proton Power's chairman, John Wall, said that the popularity of fuel cells as an alternative to conventional power systems is growing. He said there was a huge number of project requests, especially in the stationary, maritime and transport vehicle area.