ITM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce that it has achieved CE compliance for a standardised HFuel product; the Company's transportable hydrogen refueling system. This represents important progress, enabling commercial sales of such systems to commence in the EU. ITM Power has added a stationary electrolyser product to its portfolio (HPac40) which has also achieved CE compliance.
Following a competitive tender process, ITM Power won a contract to design and supply a refueling product to The University of Nottingham. This provided the opportunity to CE mark an HFuel generation, storage and dispensing product. A CE mark is one of the key measures for product readiness; signifying compliance with EU Directives and therefore enabling free movement within the European Market. It is notable that few sector peer group companies have achieved CE compliance for their products.
HFuel offers a flexible specification though modular design; each electrolyser generation module having the capacity to produce up to 5kg of hydrogen per 24 hours. This generation module has been developed as a standalone product called HPac40 to enable exposure to additional industrial hydrogen markets. This platform has also achieved CE compliance and will be launched at the next Hannover Messe in April 2012. This brings the portfolio of CE marked products to five; HFuel and HPac40 joining HPac10, HBox and HFlame all of which achieved CE compliance in 2011.
ITM Power continues to work closely with TUV SUD (the leading German test and certification body) to satisfy any additional local requirements for HFuel in Germany. Although much of the compliance work is common, some specific areas of difference exist between the UK and Germany, which are being addressed.
Graham Cooley, CEO of ITM Power commented: "I am delighted to be able to announce that we now have a CE compliant hydrogen refueling platform. Compliance has been a significant part of our product development process and its execution represents a huge achievement. At a time when the UK Government has demonstrated commitment to hydrogen as a transport fuel through the UKH2Mobility programme, we are delighted to be able to show how our technology has transitioned to product."
For further information please visit www.itm-power.com or contact:
ITM Power plc
Graham Cooley, CEO
0114 244 5111
Nomura Code Securities
Juliet Thompson / Dr Chris Golden
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 product supplier. 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
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