Intelligent Energy Holdings PLC IE signs stationary power deal

TIDMIEH

Intelligent Energy Holdings PLC

20 February 2017

NEWS RELEASE

Intelligent Energy signs stationary power deal to supply Fuel Cell Modules (FCM) in the US

Loughborough, UK - Monday 20 February

Intelligent Energy has signed a stationary power deal with US-based Luxfer-GTM Technologies as part of a growing strategic relationship in the development of a line of integrated fuel cell products. The first order of 600 units is to integrate Intelligent Energy's low power 1kW Fuel Cell Modules (FCM) into Luxfer-GTM's Zero-Set Lite portable, zero-emission light towers and will also see Intelligent Energy mobilise its global network to assist sales of Luxfer-GTM's products internationally.

Intelligent Energy's FCMs are zero emission, with the only by-product being water vapour and offer near silent operation, making them an attractive replacement to traditional diesel generators. Integrated into Luxfer-GTM's Zero-Set generator line, Intelligent Energy's FCMs will provide a commercially available, low cost, zero-emission of generators for wide scale applications.

Intelligent Energy's proven FCMs are suitable for a range of applications from telecommunications through to mission-critical services, back-up, emergency power and disaster recovery for off-grid power or microgrids. Using the Company's air cooled technology, the FCM is designed as a self-contained power solution with all requisite balance-of-plant components to produce clean power in a power dense and convenient package.

Martin Bloom, Group CEO at Intelligent Energy, commented on the deal: "We are delighted to be working with Luxfer-GTM. They are an innovative and forward looking company in deploying hydrogen solutions for energy requirements. They were very impressed with the increased power output Intelligent Energy's products can offer in such a lightweight and robust package, and with the opportunity to grow with us as our product range develops."

He added: "There is significant opportunity for Intelligent Energy to deploy its market-ready technology into similar markets as more companies search for proven and alternative solutions to power their products both more efficiently and responsibly. This validates our new strategy which we are now implementing."

Julian Hughes, Senior VP of Intelligent Energy Inc. went on to say "I see this as showing our great commitment to the U.S. market, one of the world's leading hydrogen economies".

Ends

About Intelligent Energy

Intelligent Energy Holdings plc delivers clean energy solutions for the distributed energy, diesel replacement, automotive and aerial drone markets. Working with international companies, Intelligent Energy aims to embed its fuel cell stack technology into applications across its target market sectors.

With its principal facility and headquarters in Loughborough, UK, the company also operates in Japan, India, China, Singapore, France and the US. Intelligent Energy Holdings plc is listed on the London Stock Exchange (LSE: IEH.L).

More information on Intelligent Energy is available at Twitter, YouTube and LinkedIn. Or visit http://www.intelligent-energy.com

About Luxfer-GTM Technologies

Luxfer-GTM Technologies is joint venture initially formed to engineer and manufacture lightweight, high pressure, gas transports using composite cylinder technology. Luxfer plc is a publicly traded company (NYSE: LXFR) based in Salford, UK and is a leading manufacturer of composite cylinders worldwide. GTM Technnologies is privately held and based in San Francisco, California. GTM Technologies is a leader in the manufacturing of composite cylinder based transports for the CNG, industrial gas, and fuel cell industries.

www.luxfer.com

www.luxfergtm.com

Media Contact

Debbie Hughes, Head of PR

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Helen Roberts, Hill & Knowlton

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This information is provided by RNS

The company news service from the London Stock Exchange

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February 20, 2017 02:01 ET (07:01 GMT)