Last checked at 20 Sep 2010 07:00
20 September 2010
ITM Power plc
("ITM Power" or "the Company")
Successful Open Day
ITM Power is pleased to announce the successful launch of the Company's HFuel mobile vehicle refueller during an Open Day at ITM's manufacturing facility which highlighted the progress made by the Company over the past year.
The Open Day, hosted by Chairman Professor Roger Putnam, provided an opportunity for over 200 investors, analysts and potential commercial partners to learn more both about the progressive global hydrogen economy and ITM Power's considerable technical progress within this sphere over the past 12 months. Guests were initially addressed by the Company's Chief Executive Officer Dr Graham Cooley and Chief Technical Officer Dr Simon Bourne with a presentation titled From Energy Storage to Clean Fuel:http://www.itm-power.com/cmsFiles/media/ITM_OpenDayPresentation_150910.pdf. This was followed by a full tour of ITM Power's manufacturing facility, showcasing the recently launched product range. Senior executive and technical staff were in attendance and answered questions throughout the day.
ITM Power used the high profile opportunity to formally launch the Company's HFuel product, a fully autonomous hydrogen refuelling station for vehicles, targeted at return-to-base fleets. Agreements have been signed with several blue chip companies and organisations for trials of the HFuel system, which will initially power two specially adapted Ford Transit Vans, one of which was on display during the event. Several of the registered guests present represented key global companies who might also potentially benefit from the costs and carbon savings associated with the use of Green Hydrogen.
The high level of attendance, from such a varied audience spanning every area of importance to ITM Power, demonstrated the growing interest in Hydrogen as a realistic alternative fuel and also helped establish the Company's technology as a key enabler in the process of harnessing and storing 'low or no carbon' renewable energy.
Many of the guests were interviewed by ITM Power's media team during the event. Their comments are available from the following link: http://www.youtube.com/user/ITMPowerPlc?gl=GB#p/a/u/0/F_loRjZqj2Q
Commenting on the Open Day, Non Executive Roger Putnam said-"This has been a truly fantastic event and I would love to think that this day marks a watershed for ITM as we look towards the commercialisation of our unique technology. The progress made by the management team in the past year within product development and establishing commercial partners has been remarkable, and has given me great confidence that the Company is well placed to take advantage of the increasing relevance of Hydrogen in Western Economies."
Chief Executive Graham Cooley added- "It has been a real pleasure to open our facility and allow so many people from diverse occupations to see the high technical level of ITM's products, facilities and staff. The key message we wanted people to take away is that the time for Hydrogen is now; the products are ready and the UK has the technology to become a world leader. I think the high turnout for this event shows that there is a strong interest in the development of this technology for real applications in the UK."
For further information please visit www.itm-power.com or contact:
| ITM Power plc Graham Cooley, CEO Charles Purkess | 0114 244 5111 |
| Tavistock Communications Simon Hudson / Andrew Dunn | 020 7920 3150 |