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

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.

Whilst many "alternative energy" companies have been heavily marked down in the current market, these have been consistently marked down since the 8th (HOST launch event). currently -12%.

interesting though as there doesnt appear to be any news flow of problems?

hope they didnt use a white van driver in the transit test vehicle and crashed it??

price beginning to look better now...

Tried to grab a few at 50 this am but too late - now look at em....
may yet get another chance

ITM out of favour lately... 42p

38p now