Hannover Fair and First Sale to New Territories

RNS Number : 6733D

ITM Power PLC

01 May 2013

1 May 2013

ITM Power plc

("ITM Power" or the "Company")

Hannover Fair results in Significant Utility Scale Power-to-Gas Enquiries

First Sales Achieved in South America and Hungary

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces a successful Hydrogen and Fuel Cell Fair at the Hannover Messe in April and the Company's first sales of products to South America and Hungary.

The Hydrogen and Fuel Cell Fair at the Hannover Messe took place from the 8^th to the 12^th April 2013. As last year, ITM Power had a significant presence at the Fair and once again provided its HFuel hydrogen refueling station to refuel the fleet of fuel cell electric vehicles at the event.

The Company's products attracted a high level of interest, resulting in a large pipeline of leads which have been followed up. This year the quotations that have been issued are much larger in size than last year and are predominantly to international companies. Many enquiries were also directed to specific projects or live tenders rather than general information gathering and have resulted in significant corporate engagement.

Utility scale energy storage applications in the form of both 'Power-to-Gas' and 'Power-to-Gas plus Methanation' dominated the enquiries and were the subject of dedicated discussions and presentations in the public and technical forums. The increased awareness of these energy storage techniques by major power, oil and gas companies is noteworthy.

Separately, ITM Power announces the sale of two reference plant built on the HPac platform to South America and Hungry; these are the first sales to these territories and the Company notes the increased level of interest in its products from Eastern European countries.

ITM Power CEO, Dr. Graham Cooley, commented: "We had another very good Fair at the Hannover Messe where our pipeline of enquiries was refreshed and extended. Power-to-Gas energy storage is seeing intense interest from European energy companies and ITM Power's technology is well positioned as a result of the Thuga contract win."

Dr Graham Cooley will be presenting the Company's Power-to-Gas energy storage strategy and products at the Zeus Capital "New Energy Technologies" investor conference at 2pm tomorrow, May 2^nd at Dartmouth House, 37 Charles Street, Mayfair, London.

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

ITM Power plc

Graham Cooley, CEO

0114 244 5111

N+1 Singer (Nominated Adviser & Broker)

Shaun Dobson / Jenny Wyllie

020 7496 3000

Tavistock Communications

Simon Hudson / Kelsey Traynor

020 7920 3150

About ITM Power

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 and £5.4m in 2012 have been completed. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company has been successful in developing strategic industry partnerships in the following projects:

· Participation in North Sea Power-to-Gas Platform

http://www.itm-power.com/news-item/participation-in-north-sea-power-to-gas-platform/

· First Sale of 'Power-to-Gas' Plant in Germany

http://www.itm-power.com/news-item/first-sale-of-power-to-gas-plant-in-germany/

· First Sale in Russia

http://www.itm-power.com/news-item/first-sale-in-russia/

· First Sale in Japan

http://www.itm-power.com/news-item/first-sale-in-japan/

· Electrolysis to play a key role in Hydrogen Roadmap for UK

http://www.itm-power.com/news-item/electrolysis-to-play-a-key-role-in-hydrogen-roadmap-for-uk/

· CE Marking of Fuel Cell System for Materials Handling

http://www.itm-power.com/news-item/ce-marking-of-fuel-cell-system-for-materials-handling/