Preliminary Design Agreement

ITM Power PLC 20 November 2007 For release at 07.00am 20 November 2007 ITM Power plc ('ITM' or 'the Company') Preliminary Design Agreement ITM Power plc (AIM:ITM), the technology and research company focused on the commercialisation of the hydrogen economy, is pleased to announce that it has signed an agreement with Boeing Research & Technology Europe S.L. to prepare a Preliminary Design of an Environmentally Friendly Refuelling Station for Fuel Cell Powered Unmanned Air Vehicles. Jim Heathcote, CEO ITM Power, said: 'We are pleased to be working with Boeing and believe this is an interesting agreement for both parties. At the moment, this does not imply a commercial tie-up, does not guarantee any on-going commercial relationship and is a small financial transaction, but it does represent early stage commercial revenues for ITM.' For further information please contact: ITM Power plc 01799 542 222 Jim Heathcote, Chief Executive Officer Panmure Gordon & Co. 020 7459 3600 Katherine Roe Buchanan Communications 020 7466 5000 Ben Willey Richard Darby Ben Romney Notes to the Editors: ITM Power is a developer of low-cost hydrogen technologies. The Company has developed new materials and processes that dramatically reduce the cost of fuel cells and electrolysers. The patented membrane materials used in the devices have higher performance and are 1% of the cost of the industry standard materials. Electrolysers work by converting water and electricity into hydrogen and oxygen. The hydrogen produced can be used as a replacement for fossil fuels and facilitate zero carbon housing and pollution free motoring. ITM Power was founded in 2000 and floated on the London Stock Exchange's AIM in June 2004. This information is provided by RNS The company news service from the London Stock Exchange