Itm Power Regulatory News (ITM)

8 Jan 2008 07:00

ITM Power PLC08 January 2008 For Immediate Release 8 January 2008 ITM Power plc ("ITM" or "the Company") Progress Report and Technical Update ITM Power Plc is developing technology to alleviate the present dependence onhydrocarbon fuels. The technology facilitates the production of hydrogen byelectrolysis from sustainable resources and its re-conversion using heat enginesor fuel cells. The Company announces today a progress report on the Demonstration HomeRefueller Electrolyser Unit and that it has successfully achieved the milestoneobjectives previously announced for the end of December 2007. These milestonesinclude: • Construction and demonstration of 100W fuel cell stack design (with passive hydration system); • Development of a hydrogen-oxygen fuel cell - with estimated production costs of