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

Research already done Goosy which is why I'm in! ITM is I feel a bit of a flier but if things pan out the right way the company could be absolutely huge in the medium to long term future. I know that I can lose 100% of my investment here but also feel I could make 2000% returns if the story goes the right way.

queen
given todays rise.........


Your last post was spot on.........hope it continues

Me too Goosy. The sp is almost back to where I bought in on the slide downwards. You never know, I could be in paper profit land by the weekend. Glad I stuck with it. 2000%? Well, you never know!

queen
I`m just above break even after averaging at 112p.........heres hoping we get a ride to 200p by the year end,,,,

ITM Power announces today that it has signed a Memorandum of Understanding with Hydrogen Engine Center Inc ('HEC'), an American company that designs, manufacturers and distributes alternative fuel internal combustion engines for the industrial and power generation markets. The joint objective is to develop products for a non polluting grid independent energy system which can undergo early field trial testing.

The purpose of the MoU is to provide a platform from which the two organisations can develop their respective technologies such that they can enjoy mutual benefits. HEC anticipates that ITM can offer an assured supply of hydrogen using ITM's low cost electrolyser technology. ITM anticipates that HEC provides an early route to the provision of a complete system package using HEC's proven engine technology.

The combination of a low cost electrolyser and a hydrogen fuelled internal combustion engine could provide the essential technology to convert low-value intermittent renewable energy (wind, solar) into a reliable non-fossil energy supply.

Subject to the production of satisfactory results from the field trials, ITM and HEC will progress into detailed discussions with the intention of entering a more formal commercial exploitation arrangement.

Jim Heathcote, CEO, ITM Power Plc, said: 'We are delighted to be working with the team at HEC. I believe that the collaboration of HEC and ITM brings together complimentary technologies that could provide significant commercial opportunities for both companies in the North American and European markets.'

Ted Hollinger, President, HEC, said: 'Both ITM and HEC have been developing technologies over the past few years and are now ready to bring them to market. By combining ITM's new low-cost electrolyser with HEC's hydrogen engines, customers will have access to turn-key hydrogen-fueled systems.'

Hollinger is ex Ford USA and Roger Putnam is ex Ford UK.........this must be the first sign of contacts being exploited ............

Looks that way. A positive move indeed.

Whats the betting on 200p by 31 Dec ?

Not sure. We seem to have stalled at 160-170p at present.

here we go again. Wait until you can see the whites of their eyes.... a million share turnover day --- then put you money in last ride was 70% this one probably just 50-60%

ITM Power has signed a Memorandum of Understanding with ABRO, a trading fund of the Ministry of Defence to use ITM's technology to develop equipment that improves the capability of diesel engines operating in military and civilian evironments.

The equipment packages will be designed for 'retro fitting' to specific vehicles and will be tested to establish their potential in military and civilian scenarios, the company said. No financial details were revealed.

ITM also reported that after the initial tests of its joint development programme with the University of Hertfordshire, the results of mixing hydrogen with diesel were positive and could reduce fuel consumption and emissions, thus improving engine operation.

The operation of a diesel engine using a small addition of electrolytic hydrogen from an on-board ITM electrolyser to the existing diesel fuel has shown significant improvements in the steady speed power output, the company said. The company added that, in view of the commercial sensitivity and potential value of these results it is not expected that any further technical up-dates regarding this collaboration will be made until trials have been completed.

The company also reported that its other project developing a Home Electrolyser Refuelling System and Bi-fuel car, which is intended to demonstrate the ability to refuel an existing petrol engined car with hydrogen anywhere that has access to water and electricity, is progressing satisfactorily. The company is on track to roll out a 10kW ITM electrolyser home refuelling device and a Bi-Fuel vehicle before the end of June 2007.

I've been waiting for that 1m t'o day -- looks like it's today but sadly can't resist so in I go. The water is cold I have to say

Why is ITM going down today?

who knows

my guess is big institution that has been selling for sometime wants to get rid of all before year end --- so the portfolio manager does not have to explain why he picked the stock up at 320p in the placing and it is now 1

Why now ? well next week will probably see big fall in vols as books closed for Xmas --"so let's get rid of it now". Why no concern on price --- probably bought for a spivvy gain and not v big part of managers overall portfolio. So even 20% here or there is not going to hurt his bonus as much as his ego will be hurt by having to report the mess up to his clients

At this time of year there are always plenty of Xmas presents left to us small investors by the good and the great of "the City". God bless them every one.

No wonder plenty of people taking advantage of the sale at the moment...LOTS of BUYS!

i might be a little too tempted to buy in if the S.P. drops below 100.

Confidant
Be brave ...........ITM is a share being traded by shorters who are now discovering that somebody is determined to mop up all shares available at or around 100p....

...my mop is getting a bit wet now

Good mopping everyone --- time for feet up and a cup of tea

Mops getting a bit drier now as the rollercoaster moves up yet again.......
.......Happy new year to all