|No dividends found|
23 April 2012
ITM Power plc
("ITM Power" or the "Company")
Approval to Operate and Sell HFuel in Germany
ITM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce that its HFuel product has received regulatory approval for the German market.
HFuel has undergone a rigorous assessment and inspection by TÜV SÜD in both the UK and Germany, including an audit of safety documentation and compliance with relevant European Directives and the strict German Merkblaat standard. TÜV SÜD has issued its Expert Report enabling ITM Power to gain approval to operate and sell its HFuel refueling platform in Germany.
ITM Power will be operating HFuel in the Ride and Drive area of the Hannover Messe this week.
Dr. Graham Cooley, CEO of ITM Power, commented: "To be able to operate HFuel in Germany is a key step for the Company in commercialising its technology in the leading market for hydrogen infrastructure globally. Successful completion of this rigorous process is a credit to the team and demonstrates the ability of ITM Power to execute refueling projects in Germany."
For further information please visit www.itm-power.com or contact:
ITM Power plc
Graham Cooley, CEO
0114 244 5111
Nomura Code Securities Limited
Juliet Thompson / Dr Christopher Golden
020 7776 1200
Simon Hudson / Andrew Dunn
020 7920 3150
About the Hannover Messe
The Hydrogen and Fuel Cells Exhibition held annually at the Hannover Messe is Europe's largest and most important exhibition. Approximately 150 global companies and institutions present their latest products and innovations.
About ITM Power
ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £6.2m in its IPO. A further funding round of £28.5m was completed in 2006. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company has been successful in developing strategic industry partnerships in the following projects:
· Electrolyser Distribution with Horizon Fuel Cells
· Marks & Spencer pilot materials handling fuel cell project
· UKH2Mobility with leading auto OEM's, UK gov. and industrial gas companies
· EcoIsland with Toshiba, IBM, Cable & Wireless, SSE and Southern Water
· Boeing Unmanned Aircraft System Refueller
· CREO with Ford, Jaguar Land Rover and Johnson Matthey