Itm Power Regulatory News (ITM)

22 March 2012

ITM Power plc

("ITM Power" or the "Company")

President of Boeing UK, Sir Roger Bone, visits ITM Power

ITM Power (AIM:ITM), the energy storage and clean fuel company, announces that, following the signing of its development and leasing agreement with Boeing Research & Technology Europe ("BR&TE"), Sir Roger Bone, President of Boeing UK, today visited the ITM Head Office in Sheffield.

The visit gave ITM Power the opportunity to showcase the company's developments and technology to one of the world's largest defence, space and security businesses and the world's largest and most versatile manufacturer of aircraft.

ITM Power is developing a refueling module for the Boeing Unmanned Aircraft System (UAS) programme at the BR&TE based in Madrid. The module will be an autonomous, off-grid, high pressure hydrogen generator with gas storage and dispensing capabilities matched to the requirements of the aircraft.

Sir Roger Bone, President of Boeing UK, commented: "The UK is very important for Boeing as a source of suppliers and innovative technology partners, Sheffield is already a key piece of the Boeing supply chain through our relationship with the University here. ITM Power is now also a part of that supply chain and I am very impressed with the team of engineers and scientists that I have met today and the technology on display."

ITM Power CEO, Dr. Graham Cooley, commented: "It has been a pleasure to host Sir Roger today and a great opportunity to further develop our relationship with Boeing. We see the hydrogen-fuelled, unmanned aircraft market as a major growth area for both military and civilian uses. We have products available today for this market and our world beating fuel cell membrane could take this technology to another level of performance."

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

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 technology provider. 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

About Boeing

Boeing is the world's leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft, with capabilities in rotorcraft, electronic and defence systems, missiles, satellites, launch vehicles and advanced information and communication systems. Our reach extends to customers in 90 countries around the world. Boeing employs over 1,200 people at numerous sites across the UK and the company is experiencing solid organic growth. The company's long-standing relationship with British industry, the armed forces and the air transport industry dates back over 70 years. Today the UK remains a critically important market, supplier base and a source of some of the world's most inventive technology partners. Boeing's annual average spend of around $1 billion in the UK aerospace industry supports many thousands of jobs, in the process generating intellectual property, enhancing skills and facilitating exports. For more information please go to www.boeing.co.uk. For more information about Boeing's work at the Advanced Manufacturing Research Centre with the University of Sheffield please go to www.amrc.co.uk.

For more information about Sir Roger Bone please click here.

http://www.boeing.co.uk/ViewContent.do?id=2863&aContent=Sir%20Roger%20Bone

-ends-