Business
Sale to UK Government Agency
Sale to UK Government Agency.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 4545T ITM Power PLC 20 November 2013 \n \n\n20 November 2013\n \nITM Power plc\n(\"ITM Power\" or \"the Company\")\n \nSale of Electrolyser Plant to UK Government Agency\n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has received its first order for an electrolyser plant from a UK Government Agency.\n \nThe electrolyser reference plant is based on ITM Power's HPac platform and the contract was won in a competitive tender process based on price, performance, compliance and delivery time-scale.\n \nITM Power, since completion and delivery of the Thüga plant in Frankfurt, currently has £4.2m of equipment being manufactured, funded by commercial sales and grant funded collaborative projects.\n \nDr Graham Cooley, CEO of ITM Power commented: \"We are delighted to be chosen as the supplier of this plant which will constitute an important reference site for the UK government and other potential customers. The order is also another endorsement for ITM Power's technology and ability to deliver products to a competitive budget and challenging time-scale.\"\n \nFor further information, please visit www.itm-power.com or contact:\n \n\n\n\n\nITM Power plc\nGraham Cooley, CEO\n \n\n\n0114 244 5111\n\n\n\n\nZeus Capital\nTim Metcalfe (Nominated Adviser)\nJohn Goold (Institutional Sales)\n \n\n\n020 7533 7727\n\n\n\n\nTavistock Communications\nSimon Hudson / James Collins\n\n\n020 7920 3150\n\n\n\n\n \nAbout ITM Power plc\nITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006, £5.4m in 2012 and £2m in 2013 have been completed. 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:\n \nFirst Refuelling Station Sale in the US\nhttp://www.itm-power.com/news-item/first-refuelling-station-sale-in-the-us/ \nITM Power Joins Californian Hydrogen Business Council...