This must be the share of the future...........A co with 15 employees mostly Boffins with a unique product under development that has massive potential in the alternative energy sector
My only regret is that I watched the sp rocket from 11op to 210p before getting into the nose cone

Half Yearly Report.

HIGHLIGHTS

Operational

Product sales drive starts at 2011 Hannover Messe in April

HPac CE documentation submitted between June and December 2010

HPac CE mark imminent

HPac delivered to the University of Birmingham for trial

HFlame trial with Ametek

First HOST trial to commence 8 March 2011 at Stansted Airport

21 commercial partners joined the HOST trials

Achievement of Euro VI Emissions for the HICE Transit Vans

TSB funded collaboration project with Ford Motor Company

MoU with BRE for the development of a zero carbon home

Record high power density Fuel Cell performance announced

Financial and Corporate

Appointment of Lord Freeman as Non-Executive Director

Grant funding of 536,000 accounted for in the period (2009: 108,000)

Pre-tax loss for the period was 3.0m (2009: 3.4m) and net cash burn of 2.3m (2009: 2.3m)

Cash and Short-Term investments at 31 October 2010 of 14.7m (2009: 19.5m)

ITM Power plc

("ITM Power" or "the Company")


HPac Product Achieves CE Certification

ITM Power, the energy storage and clean fuel company is pleased to announce the achievement of CE certification of its HPac electrolyser product.


A CE mark is a mandatory conformance mark for products placed on the market in the European Economic Area. As such, achievement is an essential element of the Company's commercial drive, enabling commercial sales within the EU and is a significant milestone for the Company. CE conformance certifies that a product has met EU consumer safety, health and environmental requirements. In the case of HPac, CE requires conformance with the Pressure Equipment, EMC and Machinery Directives.


HPac is the largest of the four electrolyser products launched at the Hannover Messe in April 2010. The process of generating evidence of compliance has involved a significant amount of learning for both ITM Power and the Notified Bodies involved. The Company is now equipped with a framework via which future certification endeavours can be prosecuted efficiently.


Dr. Graham Cooley, CEO of ITM Power, commented:"CE certification for HPac is a huge achievement for ITM Power. It has been the focus of a hard drive for the Company and I am delighted that we can evidence conformity. The experience has been tremendously valuable and will enable us to hone future design and certification activities. We look forward to the commercial launch of HPac at the Hannover Messe in April this year."

Shooting up.....one to watch with AFC, IQE and possibly little ZEN.....

TM Power plc

("ITM Power" or "the Company")

High Power Density Fuel Cells Test Update

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce an early technical result from the initial phase of the high power density fuel cell membrane testing, an ambitious technology development project supported with GBP108,000 of research funding from the Carbon Trust.

ITM Power has demonstrated exceptionally high power densities by developing its proprietary hydrocarbon membrane materials for hydrogen/oxygen fuel cells. A step change from the current state of the art has been achieved, with what is believed to be the highest power density ever recorded for a PEM fuel cell (5.5W/cm2 and 10A/cm2) using pure oxygen. ITM Power has now successfully demonstrated the performance of the membrane in a hydrogen/air fuel cell developing over 2.1W/cm2 and 4A/cm2, more than doubling the power density performance presently available on the market.

While the Company's initial investigations focused on hydrogen and oxygen fed fuel cells, a commercial fuel cell system for deployment in a vehicle requires air to be used as the oxidant. This early result with air exceeds the ambitious target of 1.5W/cm2 which was defined as part of the Carbon Trust project and is further evidence of the potential for ITM Power's materials to offer a step change in performance.

The project continues to progress well. ITM Power will disclose further information to the market upon project completion. The summary of the power density performance achieved by ITM's patented membrane technology has been updated today on the Company's website:

http://www.itm-power.com/cmsFiles/investors/CarbonTrust_GrantAward.pdf

Commenting for ITM Power, CEO Graham Cooley said: "I am very pleased with the rate of technical progress. Exceeding our power density target for the fuel cell during the initial phase of the Carbon Trust project shows the huge potential of our materials and the enthusiasm with which we are attacking this development. I look forward to reporting further progress on completion of the project."

Pierre Gaudillat, Technology Commercialisation Manager, the Carbon Trust added: "We are delighted with how the fuel cell project with ITM is progressing. It is clear that ITM's technology has a great deal to offer and we continue to facilitate introductions to potential commercial end users interested in these exciting developments."

UPS(R)Joins ITM Power's Hydrogen On Site Trials

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that UPS (NYSE: UPS) has signed an agreement to participate in the Hydrogen On Site Trials (HOST) of ITM Power's transportable high pressure refuelling unit (HFuel). The HFuel unit was built with support from the Technology Strategy Board (TSB) and was launched at the Company's AGM on 15th September 2010. This portable unit produces hydrogen on-site through water electrolysis, which is then used to fuel ITM's prototype HFuel vehicles.

UPS is the world's largest package delivery company, a global leader in logistics services, and one of the world's most recognized brands, operating in over 220 countries and territories. UPS has more than 100 000 delivery vehicles worldwide, including the largest private alternative fuel fleet in the transportation industry, with close to 2 000 vehicles. UPS runs what it calls a "rolling laboratory" - as well as enjoying the benefits of alternative-fuel propulsion today, the UPS fleet provides valuable data on the viability of different fuel technologies in real-world situations.

Commenting for ITM Power, CEO Graham Cooley said: "The return to base light commercial fleet sector is a key sector for the early uptake of alternative automotive fuels and the addition of UPS to the HOST trials will give us exactly the data and feedback that will make HOST a success. The announcement of UPS as a trial partner now completes phase one of HOST."

Peter Thomas, Automotive Director, UPS UK and Ireland, said: "We are always seeking to improve our performance and reduce our impact on the environment. Taking part in this project is a logical step in our broader "rolling laboratory" approach to alternative fuel technology, and underlines our commitment to providing efficient and sustainable transportation services for our customers."

Really starting to perform, ...the sp here...the year of the fuel cell companies perhaps ?...with oil rising...the barrier for commercialisation drops....

Appointment of Agent in Germany


The agent is Phil Doran, who has been based in Frankfurt for 20 years and is a partner in Core Technology Ventures. He was a founding member of the European Hydrogen and Fuel Cell Trade Association and has had a three year involvement in the EU-funded Roads2HyCom project, which mapped Europe's technical capabilities. From 1993 to 2002 Phil was Head of Hydrogen & Fuel Cells Research and Senior Equity Sales at UBS Warburg AG (Frankfurt). ITM Power considers the German market to be the key early adoption market for hydrogen technology in Europe, both for electrolysers and fuel cells.

RNS Number : 2324C

ITM Power PLC

03 March 2011

3(rd) March 2011

ITM Power Plc

("ITM Power" or the "Company")

HFUEL ROAD COMPLIANCE ACHIEVED

Satisfied the Requirements of the Department for Transport for Road Use

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that its HFuel transportable hydrogen refueling product has satisfied the requirements of the UK's Department for Transport for road use.

In preparation for the HOST (Hydrogen On Site Trials) launch, ITM Power has undertaken a thorough assessment of system safety and required approvals. This has generated a suite of documentation to evidence the legal transportation of HFuel on UK public roads with a full inventory of hydrogen and to satisfy local fire and Health & Safety authorities. This has been a significant undertaking and achievement, which demonstrates ITM Power's thorough understanding of the relevant legislative framework and approval requirements.

As part of the assessment, the Company has created a documentary resource covering the elements required by the Dangerous Goods Division of the Department for Transport. This has involved independent pressure testing to 1.5 times working pressure, assessment by an independent ADR Notified Body and interaction with specialist chemical plant consultants.

Similarly, Revolve Technologies has subjected the HICE (hydrogen internal combustion engine) Transit vans to the appropriate level of assessment. This has included independent leak testing of on board pressure systems, crash test simulation and the implementation of a dynamic leak detection strategy. This has resulted in the vehicles being granted a Vehicle Special Order Type Approval by the Department for Transport to enable them to be used on the road whilst transporting goods for trials and demonstration purposes.

The HOST launch event on 8(th) March will comprise both HFuel and two HICE Transit vans.

more buyers than sellers yet drops to 60p !
cant find any news out there, but summats going on....

interesting move down on share price, hope all is well with the trials this week....

interesting move down on share price, hope all is well with the trials this week....

interesting move down on share price, hope all is well with the trials this week....

now thats not looking very likely mrfrazee !

as you said there is no news flow out so hard to tell whats going on...maybe a buying oportunity

it's 50p now... time to BUY.

and why is that hlyeo98 ?
does look like the dreaded 'head & shoulders' forming if you follow the charts - which will probably mean there's more downside to come.
i was a long term holder - managed to get out a few weeks ago before this turmoil, but i am anxious to get back in. i'm just a little suspicious about the price movement over these past few weeks, and as i said before, summats up.

45.25-46.25 now

You could be right, zephod... where do you think it will drop to?

IF - as I suspect, there is a problem with 'HOST' trials then I wouldnt rule out a further decline to 40p.ish, but wtfdik ! dyor.
I am keen to get back in - love the company & its objectives, but think it could be very choppy for a while.