CT-PROTON-ONSITE

Proton OnSite, a wholly owned subsidiary of Nel ASA, Olso Norway (Nel, OSE:NEL) announced that it has received an order for the fourth M Series, Megawatt scale hydrogen electrolyzers in a thirteen M Series delivery agreement with Guangdong Synergy Hydrogen Power Technology Co., Ltd. (“Synergy”). The original agreement between Proton OnSite and Synergy for 13 PEM megawatt systems, and naming Proton as the exclusive supplier of electrolyzers to Synergy, has a total value including installation and associated services of just over USD 22 million. Installations and commissioning of the remaining units are planned for Q4, 2017 and through CY 2018.

“We are pleased to have received another follow-on order under the exclusive agreement with Synergy. This continues to show the strong partnership for our hydrogen electrolyzers for FCEV bus fueling with Synergy and the Yunfu government in the Guangdong Province of China. We are well poised to support the hydrogen needs for the rapidly growing commitments being made in China for heavy duty fuel cell trucks and busses while working on also supplying our complete hydrogen refueling solutions to the Chinese market,” says David Bow, Senior Vice President, Sales and Marketing.

For further information please visit: http://ww2.protononsite.com/4thmserieschina0917 .

View source version on businesswire.com: http://www.businesswire.com/news/home/20170925006522/en/

Contact:

For Proton OnSite:
Chris Van Name, +1-203-678-2132
Director Corporate Marketing
or
Bjørn Simonsen, +47 971 79 821
VP Market Development and Public Relations

Link:

ClickThru

Social Media:

https://www.facebook.com/protononsite/