ITM Power (AIM:ITM), the energy storage and clean fuel company, announces that, Hyundai will use its HFuel on-site hydrogen refueling station at the All-Energy Exhibition and Conference in May to refuel its Fuel Cell SUV.
HFuel will be available at the All-Energy Exhibition and Conference to refuel fuel cell or hydrogen fuelled vehicles and Hyundai is the first automotive OEM to commit to demonstrating its fuel cell vehicle at All-Energy2012.
Hyundai Managing Director, Tae Won Lim Ph.D., commented: "The Hyundai brand is growing globally both in terms of vehicle sales and our manufacturing footprint. Our corporate slogan is "New Thinking. New Possibilities. New ideas create new values" and the fuel cell vehicle is the reality of our corporate objectives. To have the ability to refuel our vehicle at All-Energy 2012 with hydrogen that is actually generated on site is fantastic."
ITM Power CEO, Dr. Graham Cooley, commented: "Our HFuel product is now very well tested in the field, refuelling vans, cars and materials handling vehicles. To be able to provide this service to one of the world's leading and fastest growing automotive OEM's is a further step forward in our development."
For further information please visit www.itm-power.com or contact:
ITM Power plc
Graham Cooley, CEO
0114 244 5111
Nomura Code Securities Limited
Juliet Thompson / Dr Christopher Golden
020 7776 1200
Simon Hudson / Andrew Dunn
020 7920 3150
About ITM Power:
ITM Power designs and manufactures Hydrogen Energy Systems for Energy Storage and Clean Fuel production. ITM Power has grown from its original platform of novel polymeric electrolytes (for water electrolysis and hydrogen fuel cells) to that of a technology provider. ITM Power now has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions and CE marked products for sale. http://www.itm-power.com
About Hyundai Motor Group
Hyundai Motor Group has created an integrated industrial structure spanning from steel to vehicles including the startup of two new blast furnaces at its integrated steelworks, further increasing its synergy as a resource-cycle group. The world market is changing very quickly. Corporations that do not adapt to this change will swiftly go from being the victors of yesterday to the failures of today. Innovative change and endless challenge are the only strategy for corporate survival. In 2011 Hyundai was named the fastest growing automotive brand for the second year running ranking No. 61 out of the top 100 global brands by brand consultancy Interbrand.
The Tuscon ix35 FCEV is powered by a 115KW fuel cell that develops 134bhp at the electric motor. At the core of the vehicle there are several Hyundai innovations aimed at easing the mass production of FCEVs. Assembly of the entire system has been modularized to reduce the build time for each vehicle. Small scale production of the car will commence this year with the annual production run rising to 10,000 in 2015.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.