ITM Power PLC Euro 0.7 million Electrolyser Sale (8387T)
January 11 2017 - 2:00AM
UK Regulatory
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.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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