Business
UPS Joins ITM Power's Hydroge
UPS Joins ITM Power's Hydroge.
About this update from Itm Power Plc
[{"type":"text","content":"\n RNS Number : 5961A ITM Power PLC 03 February 2011 \n \n\n3rd February 2011\n \n \nITM Power plc\n(\"ITM Power\" or \"the Company\")\n \nUPS®Joins ITM Power's Hydrogen On Site Trials \n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that UPS (NYSE: UPS) has signed an agreement to participate in the Hydrogen On Site Trials (HOST) of ITM Power's transportable high pressure refuelling unit (HFuel). The HFuel unit was built with support from the Technology Strategy Board (TSB) and was launched at the Company's AGM on 15th September 2010. This portable unit produces hydrogen on-site through water electrolysis, which is then used to fuel ITM's prototype HFuel vehicles.\n \nUPS is the world's largest package delivery company, a global leader in logistics services, and one of the world's most recognized brands, operating in over 220 countries and territories. UPS has more than 100,000 delivery vehicles worldwide, including the largest private alternative fuel fleet in the transportation industry, with close to 2,000 vehicles. UPS runs what it calls a \"rolling laboratory\" - as well as enjoying the benefits of alternative-fuel propulsion today, the UPS fleet provides valuable data on the viability of different fuel technologies in real-world situations. \n \nCommenting for ITM Power, CEO Graham Cooley said: \"The return to base light commercial fleet sector is a key sector for the early uptake of alternative automotive fuels and the addition of UPS to the HOST trials will give us exactly the data and feedback that will make HOST a success. The announcement of UPS as a trial partner now completes phase one of HOST.\" \n \nPeter Thomas, Automotive Director, UPS UK and Ireland, said: \"We are always seeking to improve our performance and reduce our impact on the environment. Taking part in this project is a logical step in our broader \"rolling laboratory\" approach to alternative fuel technology, and underlines our commitment to providing efficient and sustainable transportation services for our customers.\" \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\n0114 244 5111\n\n\n\n\nPanmure Gordon & Co.\nKatherine Roe\n\n\n020 7459 3600\n\n\n\n\nTavist...