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First Sale in Japan

18 Feb 2013 07:00

RNS Number : 0444Y
ITM Power PLC
18 February 2013
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18 February 2013

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ITM Power plc

("ITM Power" or the "Company")

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First Sale in Japan

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ITM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce that it has sold the first reference plant based on the HPac platform to a company in Japan, which at this stage wishes to remain anonymous. ITM Power is now selling products more actively in Japan.

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Commenting, Dr Graham Cooley, ITM Power's CEO said, "Japan is an important territory for ITM Power as it is seriously committed to the adoption of hydrogen as a transport fuel. We will be engaging more significantly with Japanese markets in 2013".

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For further information please visit www.itm-power.comΒ or contact:

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ITM Power plc

Graham Cooley, CEO

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0114 244 5111

N+1 Singer (Nominated Adviser & Broker)

Shaun Dobson / Jenny Wyllie

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020 7496 3000

Tavistock Communications

Simon Hudson / Kelsey Traynor

020 7920 3150

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About ITM Power

ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of Β£10m gross in its IPO. Further funding rounds of Β£28.5m in 2006 and Β£5.4m in 2012 have been completed. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company has been successful in developing strategic industry partnerships in the following projects:

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● EU Funding for Advanced Refuelling Project

http://www.itm-power.com/news-item/e3-59m-grant-award-for-an-advanced-refueling-product/Β 

● AEG Power Solutions electrolyser integration with power electronics

http://www.itm-power.com/news-item/rapid-response-electrolyser-power-systems-integration/Β 

Β·; DECC Funding Award for the Production of Synthetic Methane

http://www.itm-power.com/news-item/decc-funding-award-for-the-production-of-synthetic-methane/Β 

Β·; EU Funding for PEM Fuel Cell Innovation - IMPACT

http://www.itm-power.com/news-item/eu-funding-for-pem-fuel-cell-innovation-impact/

Β·; Agreement with ABO Wind of Wiesbaden, Germany

http://www.itm-power.com/news-item/agreement-with-abo-wind-of-wiesbaden-germany/Β 

Β·; Letter of Intent signed with German Utility

http://www.itm-power.com/news-item/letter-of-intent-signe-witdh-german-utility/

Β·; Shell and National Grid Join Gas Inject Project

http://www.itm-power.com/news-item/shell-and-national-grid-join-gas-inject-project/

Β·; EcoIsland TSB Funding

http://www.fuelcelltoday.com/news-events/news-archive/2012/july/ecoisland-progresses-tsb-grant-awarded-for-isle-of-wight-integrated-hydrogen-project

Β·; 700bar Dispensing Collaboration in Germany

http://www.itm-power.com/news-item/700bar-dispensing-collaboration-in-germany/

Β·; Marks & Spencer Pilot Materials Handling Fuel Cell Project

http://www.itm-power.com/news-item/ms-agreement/

Β·; UKH2Mobility with leading auto OEM's, UK Gov't and industrial gas companies

http://www.itm-power.com/about-itm/partners/?id=49

Β·; EcoIsland with Toshiba, IBM, Cable & Wireless, SSE and Southern Water

http://www.itm-power.com/about-itm/partners/?id=46

Β·; Boeing Unmanned Aircraft System Refueller

http://www.itm-power.com/news-item/agreement-with-boeing/Β 

Β·; Electrolyser Distribution with Horizon Fuel Cells

http://www.horizonfuelcell.com/fuel_solutions_hbox.htm

Β·; CREO with Ford, Jaguar Land Rover and Johnson Matthey

http://www.itm-power.com/about-itm/partners/?id=45

Β·; Exclusive European distribution rights for Materials Handling Fuel Cells

http://www.itm-power.com/news-item/exclusive-european-distribution-rights-for-materials-handling-fuel-cells/

Β·; Sale of Equipment to EADS

http://www.itm-power.com/news-item/sale-of-equipment-to-eads/

Β·; EU Grant Award for PEM Water Electrolysers Coupled to Renewable Power Sources

http://www.itm-power.com/news-item/eu-grant-award-for-pem-water-electrolysers-coupled-to-renewable-power-sources/

-ends-

This information is provided by RNS
The company news service from the London Stock Exchange
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