Itm Power Regulatory News (ITM)

22 Nov 2007 07:03

ITM Power PLC22 November 2007 For immediate release 22 November 2007 ITM Power plc ("ITM" or "the Company") Conference sponsorship British firm to sponsor leading hydrogen conference ITM Power plc, a British company pioneering developments for a zero emissionshydrogen economy, is to be a major sponsor of the world's longest running annualhydrogen conference. Europe's largest electrolyser and fuel cell development company, ITM Power, willjoin oil giants Chevron and Shell as a platinum sponsor of the NHA AnnualHydrogen Conference to be staged in Sacramento, California. The NationalHydrogen Association's 19th conference being staged between March 30th and April4th will attract energy professionals from a wide range of industries andservice sectors interested in the latest developments in hydrogen and fuel celltechnologies. ITM Power is due to open one of Europe's first fuel cell and electrolysermanufacturing facilities in Sheffield next year and has recently announced anagreement with aerospace giant Boeing for the design of anenvironmentally-friendly refuelling station for fuel cell powered unmannedaircraft. The Company is also developing a hydrogen home refuelling station forcars and testing both the use of hydrogen as an alternative fuel source forinternal combustion engines and its benefits as a mixture of hydrogen burnedwith diesel. Jim Heathcote, CEO of ITM Power and one of the keynote speakers at theSacramento event: "This is the world's biggest gathering for those involved in efforts to deliverhydrogen solutions to many of our current problems such as climate change causedby CO2 emissions and diminishing supplies of increasingly expensive fossilfuels. Never has the need for hydrogen been so crucial and the conference'stitle 'Ramping up commercialisation' perfectly illustrates ITM Power's role inbringing new hydrogen-based technologies to the market. "We are delighted to be a major sponsor of the Sacramento event and fully expectthis to be the most significant conference on hydrogen power, fuel cell andelectrolyser developments in 2008. " - ends - For further information please contact: ITM Power plc 01799 542 222Jim Heathcote, Chief Executive Officer Panmure Gordon & Co. 020 7459 3600Katherine Roe Buchanan Communications 020 7466 5000Ben WilleyRichard DarbyBen Romney Notes to the Editors: ITM Power is a developer of low-cost hydrogen technologies. The Company hasdeveloped new materials and processes that dramatically reduce the cost of fuelcells and electrolysers. The patented membrane materials used in the deviceshave higher performance and are 1% of the cost of the industry standardmaterials. Electrolysers work by converting water and electricity into hydrogen and oxygen.The hydrogen produced can be used as a replacement for fossil fuels andfacilitate zero carbon housing and pollution free motoring. ITM Power was founded in 2000 and floated on the London Stock Exchange'sAlternative Investment Market in June 2004. This information is provided by RNS The company news service from the London Stock Exchange