StockMarketWire.com - Proton Power Systems said it had agreed to form a venture in the Czech Republic with Skoda Electric to develop fuel cell electric buses.

The letter of intent was signed with the objective of entering in to a cooperation to develop the buses using Proton's modular HyRange systems.

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.




Story provided by StockMarketWire.com