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(Sharecast News) - Proton Power Systems has signed a letter of intent with Skoda Electric in the Czech Republic, it announced on Friday, with the objective of entering into a cooperation to develop, sell and service fuel cell electric buses using Proton's modular 'HyRange' systems.
The AIM-traded firm said the first prototype buses would be brought into operation for European bus operators, with an initial target of at least 10 vehicles by the first quarter of 2020.
"We are pleased to have entered into the cooperation with Skoda Electric, which further confirms the demand for Proton´s HyRange applications," said Proton Power Systems chief executive officer Faiz Nahab.
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