RE: update from website15 Nov 2017 15:38
They got to release some news on this rns;
Graham Cooley, Chief Executive Officer of ITM Power plc, said:
"We are delighted to disclose our c.GBP180 million opportunity pipeline of highly qualified tenders, which sits behind our growing backlog of contracted orders. This demonstrates significant traction for ITM Power's products and the growing momentum in the hydrogen energy market overall. The GBP25 million placing and up to c.GBP4.4 million open offer considerably strengthens our balance sheet and should provide enhanced confidence to our customers on ITM Power's ability to deliver future orders at increased scale. It should also enable us to unlock further efficiencies in our supply chain. We look forward to updating the market as opportunities are converted from pipeline to contracted sales, as we near our target of positive cashflow generation."