Appointment of Director

RNS Number : 6616Y

ITM Power PLC

10 September 2015

 

10 September 2015

ITM Power plc

("ITM Power" or "the Company")

Appointment of Director

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the appointment of Dr Rachel Louise Smith as a director of the Company.  Dr Smith joins the board with immediate effect.

Dr Smith (nee Lloyd), 40, has worked for ITM Power since it was set up in 2002.  She has held a variety of roles including Research Scientist (2002-2004), Head of Science (2004-2008) and Operations Manager (2008-2013).  Most recently, she serves as Partnership Funding Manager where her duties include identifying suitable grant calls, liaising with potential partners, developing project concepts and writing bid applications.  She is also responsible for grant project management, providing an effective interface between ITM Power and funding bodies and ensuring that staff are supported in delivering high quality outputs.

Prof. Roger Putnam, Chairman of ITM Power, commented, "The Board is delighted that Rachel has agreed to join us as an Executive Director.  She has held several important roles for the company since its foundation and her appointment reflects the input she has made to the recent successes we have achieved in securing new business."

Dr Rachel Smith added, "I am very pleased to be joining the Board and look forward to continuing to work towards developing ITM Power's products and  commercial market applications."

Dr Smith is interested in 80,886 Ordinary Shares in the Company representing approximately 0.05% of the Company's issued share capital and holds options over 100,000 Ordinary Shares in the Company.

There is nothing further to disclose in relation to her appointment under Schedule 2(g) of the AIM Rules for Companies.

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

ITM Power plc Graham Cooley, CEO	0114 244 5111
Zeus Capital Dan Bate/ John Treacy/ John Goold	020 7533 7727
Tavistock Communications Simon Hudson / James Collins	020 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 raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006, £5.4m in 2012, £2m in 2013 and £10m in 2014 have been completed. The company received £4.9m as a strategic investment from JCB in March 2015. The Group currently has £10.34m of projects under contract and £0.30m of contracts in the final stages of negotiation.

www.itm-power.com

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