Fuel cells developer Proton Power Systems to focus on business development

Fuel cells developer and producer Proton Power Systems PPS has indicated that the company will turn greater attention to commercialisation and business development through strategic changes that will see current Chief Operating Officer, Dr Christian Meyne become Chief Executive Officer with immediate effect.

The company that developes fuel cell electric hybrid systems will place Thomas Melczer to focus on Business Development and Investor Relations due to his 'deep knowledge of fuel cells and experience in running large technology companies'. Melczer will remain a Board Director for the Group.

Dr Christian Meyne was previously responsible for Proton Motor's production processes as well as for the technical production lines necessary for both current and future production levels.

John Wall, Chairman of Proton Power added of Dr Meyne's promotion: "As Proton Power enters larger scale commercial agreements and production is increased, Christian's experience on the ground will be invaluable in developing the Company's strategy to meet customer demands.

The new strategy and appointments will also help Proton Power increase its visibility within the investor community and keep our shareholder base appraised of progress as we enter this important phase of growth."