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

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

wonder what has caused this crash... no news flow? all seemed so promising as well

KEEP AN EYE

25.375p ( 24.50 / 26.25p )

After a large retracement today there is buying and looking into the UP movement. A stronger order book on the bid side

Volume and rising one to get in the Portfolio

At 30.625p +6.375p

is going places now as the MMs keep moving higher as there is no private investors trades at offer side

a very strong DEPTH on the bid side 277K v 77K

18 July 2011

ITM Power plc

("ITM Power" or the "Company")

Carillion plc Purchases HOST Trial

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that Carillion plc has entered into a one week paid-for Hydrogen On Site Trial (HOST) of ITM Power's transportable high pressure refueling unit (HFuel). The HFuel unit was built with support from the Technology Strategy Board (TSB) and was launched at the Company's AGM on 15(th) September 2010.

Carillion plc is one of the UK's leading support services companies, employing around 50,000 people, and has annual revenue of over GBP5bn. Carillion has operations across the UK, in Canada and the Middle East.

Commenting for ITM Power, CEO Graham Cooley said: "We are delighted that Carillion plc will be joining our HOST trials and has made the commitment to enter into a paid-for trial in July for us to fit in to our busy schedule of trials. This is a real opportunity for ITM Power to show the benefits of HFuel for producing a clean fuel which demonstrates hydrogen cost 'parity with petrol' and contributes to decarbonising transport, improving air quality and eliminating carbon from the fuel supply chain."

Doug Randell, Operations Manager for Carillion Fleet & Plant services, added: "At Carillion we want to offer serious low carbon transport solutions for our clients that also enable Carillion to meet its long term goals for sustainability. We view ITM Power's HFuel technology as playing a potentially important role, and look forward to the commencement of the trial later this month."

Final Results.

HIGHLIGHTS:



Products

Achievement of CE marking for the HPac, HFlame and HBox products

First product sale and field trial of HPac with the University of Birmingham

First HFlame field trial with Ametek Airtechnology Group Ltd

First sale of an HFuel production module to the University of Glamorgan

Post-period orders of 0.43m, to date, well ahead of expectations




HOST

Achievement of HFuel compliance with the Department for Transport

Achievement of Euro VI Emissions for the HICE Transit Vans used in the HOST programme

Commencement of HOST programme with 21 commercial partners

First four trials with London Stansted, DHL, AMEY and Volker Highways now completed

HFuel product achieved 100% availability and an average efficiency of 64%

HOST demonstrated that HFuel can be operated on-site and achieve 'parity with petrol' in the UK




Financials

Net cash-burn 4.8m (4.9m 2010)

Cash at 30 April 2011 12.2m (16.9m 2010)

1.09m of income from funding bodies booked in the period, of which 0.41m related to property, plant and equipment

Grants from Technology Strategy Board and Carbon Trust

A further 0.82m in grant funding has been secured




Technology Development

Achievement of the highest recorded power density for a PEM fuel cell MEA, in excess of 5.5 W/cm2 using oxygen and in excess of 2.1 W/cm2 using air

HydroGen platinum-free Alkaline Electrolyte PEM electrolyser technology has now been scaled up and incorporated into an HPac system and is showing good early performance




Corporate

Appointment of Company agent in Germany, the key early market for hydrogen technologies

Established ITM-Power GmbH, a wholly-owned subsidiary in July 2011

Appointment of The Rt. Hon. Lord Freeman PC as Non-Executive Director




Outlook

Outlook positive with early revenue streams developing

Adoption of hydrogen in many applications accelerating

Product orders of 0.43m in the three months since the year end

Good progress in developing commercial relationships in Germany







Prof Roger Putnam, Chairman of ITM Power commented:

"I am pleased to be reporting further significant progress made by the Company in the second half of the year. The list of highlights does not fully reflect the huge effort made by the management team and staff during the past 12 months. The technical and scientific achievements made this year are a clear demonstration of the skills and knowledge of the team. Our first products were very well received at the Hannover Messe in April when the Company received a great deal of industry attention. We are now building the resulting commercial relationships."

Not a very positive outlook... cash burn is as much as before and product order is meagre... Sell!

In auction +10%

And again +23.3%

Amazing - in auction again - there have only been @75k of shares traded!