Change of Adviser

RNS Number : 4739J

ITM Power PLC

29 June 2017

 

29 June 2017

ITM Power plc

("ITM Power" or "the Company")

Change of Adviser

ITM Power (AIM: ITM) is pleased to announce the appointment of Investec Bank plc as nominated adviser and sole broker with immediate effect.

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

ITM Power plc Graham Cooley, CEO	[phone]
Investec Bank plc (Nominated Adviser and Broker) Jeremy Ellis / Chris Sim / Jonathan Wynn	[phone]
Tavistock Simon Hudson / James Collins	[phone]

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 reached the 2020 EU price target of €1m/MW in 2016, and as a result contracted for 5.25MW of electrolysis in 2016, including a Power to Gas contract with National Grid. The Company operates out of manufacturing premises in Sheffield and has representatives and businesses in Germany, France, the US and supplies products globally.

The Company currently has £23.28m of projects under contract and a further £4.18m of contracts in the final stages of negotiation constituting a total pipeline of £27.46m.

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