TIDMITM

RNS Number : 8387T

ITM Power PLC

11 January 2017

11 January 2017

ITM Power plc

("ITM Power" or "the Company")

Euro 0.7 million Electrolyser Sale

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the sale of a Euro 0.7 million electrolyser system to a global specialty gas company by competitive tender.

Dr Graham Cooley, CEO, ITM Power commented: "We are delighted to have been successful in another tender process as part of a key strategic hydrogen refuelling initiative. I look forward to updating the market on further progress from this important partnership."

For further information, please visit www.itm-power.com or contact:

 
ITM Power plc 
 Graham Cooley, CEO                         +44 (0)114 244 5111 
Zeus Capital 
 Andrew Jones / Dan Bate / Hugh Kingsmill 
 Moore                                      +44 (0)20 3829 5000 
Tavistock Communications 
 Simon Hudson / James Collins               +44 (0)20 7920 3150 
 

About ITM Power plc:

ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and is a founder member of the Social Stock Exchange. The Company received GBP4.9m as a strategic investment from JCB in March 2015; signed a forecourt siting agreement with Shell in September 2015 and a fuel agreement with Toyota in October 2015. The Company currently has GBP20.15m of projects under contract and a further GBP1.37m of contracts in the final stages of negotiation constituting a total pipeline of GBP21.52m.

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January 11, 2017 02:00 ET (07:00 GMT)