Proton Motor Power Systems Plc announced it is actively managing its cost base, while ensuring the Company remains well placed to capture the significant market opportunity presented by its proven product range. As part of this initiative, the work force is being reduced by 17%, from a headcount of 112 to 93, which will lead to a c. £1 million reduction in annual overheads once implemented. Proton Motor will continue to provide the current high levels of support for its existing customers, and looks forward to providing further updates on its clear growth strategy in due course.

Meanwhile, the Company is giving its full support to those individuals who will be leaving, and to delivering a seamless internal restructuring.