The main properties of the interaction of ultra low-energy antiprotons (E≤10−6 a.u.) with atomic hydrogen are established. They include the
elastic and inelastic cross sections and Protonium (Pn) formation spectrum. The
inverse Auger process (Pn+e→H+pˉ) is taken into account in the
framework of an unitary coupled-channels model. The annihilation cross-section
is found to be several times smaller than the predictions made by the black
sphere absorption models. A family of pˉH nearthreshold metastable
states is predicited. The dependence of Protonium formation probability on the
position of such nearthreshold S-matrix singularities is analysed. An
estimation for the HHˉ annihilation cross section is obtained.Comment: latex.tar.gz file, 22 pages, 9 figure