ITM Power does deal with EADS

Shares in ITM Power, the energy storage and clean fuel company, jumped on Monday after it announced a deal with Airbus' parent company, EADS.Sheffield-based ITM has sold its first hydrogen generation system to EADS for use by its research arm, Innovation Works, in its energy and propulsion laboratory.It did not give details of the value of the sale."EADS is a very high quality organisation at the forefront of technology and we are delighted to have forged such a productive relationship," said ITM Chief Executive Dr Graham Cooley.The firm's shares rose 12% following the announcement. Itm Power