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Market Cap: £1.21b
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Progress Report

4 Dec 2006 07:02

ITM Power PLC04 December 2006 Monday, 4 December 2006 ITM Power Plc ("ITM" or "the Company") Progress Report Subsequent to this morning's announcement on the collaboration with ABRO, aTrading Fund of the Ministry of Defence, the Director's of ITM Power wish toprovide the following update on the joint development programme for the use ofelectrolytic hydrogen in vehicle engines with the University of Hertfordshire. •The operation of a diesel engine using a small addition of electrolytic hydrogen from an on-board ITM electrolyser to the existing diesel fuel: The Company has instituted a series of tests using the expert resources of theUniversity to determine if an admixture of hydrogen to diesel fuel can in somecircumstances significantly improve the operation of the diesel engine, reducingboth fuel consumption and emissions. As a result of initial tests, the University has reported significantimprovements in the steady speed power output of a diesel engine when suppliedwith hydrogen, indicating that the addition of hydrogen has a positive impact inthe compression ignition combustion process. This would be expected to convertinto fuel savings if the hydrogen was supplied by an ITM electrolyser mountedon-board the vehicle, though the extent of the fuel savings will depend upon theduty cycle of the vehicle. While no formal trials have yet been reported, theCompany has been advised by the University that in addition it expectssignificant improvements to be achieved to the emissions output from the engine. These early results from the diesel engine tests have established the technicalbasis for the MoU announced today. ITM anticipate that an extended series oftrials involving a range of different engines and operational conditions will benecessary to define the full potential of the technology. This trial programmecould take more than 6 months to complete. In view of the commercial sensitivity and potential value of these results it isnot expected that any further technical up-dates regarding this collaborationwill be made until trials have been completed. •Development of a Home Electrolyser Refuelling System and Bi-fuel car The second activity concerns the development of a home Electrolyser Refuelling System and Bi-Fuel car. This is intended to demonstrate the ability to refuel anexisting petrol engined car with hydrogen anywhere that has access to water andelectricity. The car should run entirely on hydrogen for up to 25 miles beforeautomatically switching to petrol for longer journeys. This project isprogressing satisfactorily and, as planned, is on track to roll out a 10kW ITMelectrolyser home refuelling device and a Bi-Fuel vehicle before the end of June2007. This aspect of ITM's work is not included in the MoU with ABRO and thusthere are no commercial restrictions on the Company making further technicalannouncements as this project proceeds. Ends For further information please contact: Gemma ChandlerITM Power PlcTel: 01799 532 860Mob: 07921 057712 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
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12th Oct 20229:07 amRNSWA Government Funding
3rd Oct 20226:00 pmRNSTotal Voting Rights
30th Sep 20223:32 pmRNSNotice of AGM
21st Sep 20229:03 amRNSDirector/PDMR Shareholding
20th Sep 202210:00 amRNSDirector/PDMR Shareholding
15th Sep 20224:00 pmRNSDirector/PDMR Shareholding
15th Sep 20227:00 amRNSBlock Listing Application
14th Sep 20227:01 amRNSPlanned Board Change
14th Sep 20227:00 amRNSFinal Results
31st Aug 20221:00 pmRNSHolding(s) in Company
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4th Aug 202211:00 amRNSBlock listing Interim Review
1st Aug 20227:00 amRNSNotice of Final Results
25th Jul 20227:00 amRNSAppointment of Non-Executive Director
15th Jul 20224:00 pmRNSDirector/PDMR Shareholding
15th Jun 20224:00 pmRNSDirector/PDMR Shareholding
9th Jun 20227:00 amRNSTrading & Corporate Update
19th May 202210:10 amRNSGigastack Testing Platform UK Government Contract
17th May 20224:00 pmRNSDirector/PDMR Shareholding
20th Apr 20224:00 pmRNSDirector/PDMR Shareholding
23rd Mar 202212:23 pmRNSMotive Ltd - a new Joint Venture with Vitol
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16th Mar 20227:00 amRNSLeuna Contract Update
16th Feb 20224:00 pmRNSDirector/PDMR Shareholding
4th Feb 202212:00 pmRNSBlock listing Interim Review
28th Jan 202210:30 amRNSHolding(s) in Company
28th Jan 20227:00 amRNS24 MW Sale to Yara
27th Jan 20227:00 amRNSHalf-year Report
24th Jan 202210:46 amRNSNotice of Results
17th Jan 20224:00 pmRNSDirector/PDMR Shareholding
10th Jan 20227:00 amRNSGrant Award in Germany for SINEWAVE Project
17th Dec 20213:30 pmRNSDirector/PDMR Shareholding
16th Dec 20217:00 amRNSTrading Update
15th Dec 20214:00 pmRNSDirector/PDMR Shareholding
14th Dec 20211:53 pmRNSBlock Listing Application
1st Dec 20214:00 pmRNSTotal Voting Rights
1st Dec 20217:00 amRNSNotice of Trading Update
22nd Nov 20217:00 amRNSFunding for Whitelee Phase 1 10MW Electrolyser
18th Nov 20211:03 pmRNSHolding(s) in Company

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