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

Alternative Energy: ITM Power (ITM: 110p) We believe ITMPower possesses one of the most interesting alternative energytechnologies available to investors as its technology enables a hydrogen economy that is cost competitive with fossil fuels. With commercial production, revenues and profitability possible far sooner than widelyunderstood (18-32 months), ITM is a bargain at these levels. We have price targets of 325p (1-year) and 1,000p (24-months). (John-Marc Bunce

Just an example of the wild price targets from Ambrian research team.

They look good to me!

conno

Just heard it by word of mouth -- not usually privy to such info --- but apparently went on about as it produces hydrogen v cheaply could see first sales into the chemicals industry for fertilizer etc

No idea on validity of above but sounds plausible.

Remains, to me, a concept stock with so much blue sky , Mkt cap such that really big moves i.e back above 200p should probably need solid newsflow. Has plenty of cash following that institutional placing at 320p :-0. Nice to get back there at least eh!

Confidant.Thanks for getting back to me.

It's so much more than a concept stock to me. Their technology is way ahead of the nearest competition. I feel it's true that they hold the keys to enable the hydrogen economy. Bold statement I know but there you have it. All of the pieces are slotting into place. IPCC reports. China now on-board. A quantum leap of attitude change in the US. Peak Oil and energy security. The weather is really changing before our very eyes, no longer any doubt about that. I accept it could still be a natural cycle and not man-made but getting the stink out of cities would be still no bad thing even if CO2 emissions are not the main cause of global warming.

Regarding ITM, we should be hearing some [hopefully] very positive news in the next couple of months Ref; 1\ ABRO Trials. 2\ Hydrogen Refuelling Device / BiFuel Car Trials.

Plus there's always the unexpected, like the rumour behind the sudden spurt late Friday afternoon. Nothing concrete at present but I think ITM holders will like the sound of the FT.com link below.

Good luck


http://www.ft.com/cms/s/d0be848a-faa7-11db-8bd0-000b5df10621.html

http://www.solarworld.de/index.php?L=1

Will be a great buying opportunity if the SP slips below 110 - 100.
Will invest if I have any funds when that happens.

Play of the week in shares mag

ITM is a good buy at 142p now. Keep on buying

Leaky stock moving up

BUY BUY BUY is the only message for ITM. Still cheap to BUY at 150p.

not really Hyleo.I think ill wait the inevitable slide to 110.
To quote myelf -
G D Potts - 03 May 2007 09:33 - 67 of 78
Its always a good buy IMO around 100 - 105 to grab a 50p gain in a few weeks and then sell.

Maybe you are right, GD Potts. I got to sell then and hope for it to fall.

news at last

http:/www.carkeys.co.uk/news/2007/june/29/13510.asp

Have finally invested, believe the recent news is strong enough to support the price above 120 and will look to this as a long term investment.

This is the news thats pushing the SP higher.

ITM Power PLC
29 June 2007

Strictly Embargoed until 0700hrs, 29 June 2007




ITM Power Plc
('ITM' or 'the Company')


Progress Report



ITM Power's principle aims are the commercialisation of the hydrogen economy and
the development of technology to enable the replacement of hydrocarbon fuels.
The Company is pleased to announce significant progress in these objectives:

Electrolytic Hydrogen Fuelling for the ITM Bi-Fuel Car:

The Electrolyser: ITM is making good progress in the design and construction of
a 'home refuelling' system using an ITM electrolyser to convert renewable or off
peak electricity into hydrogen. This device depends upon an electrolyser stack
of 10kW electrical input operating at pressures of 75 bar. The Company is
pleased to announce that a prototype electrolyser has now operated at the
requisite power (10kW).

The pressure test target 75 bar (or 1125lb/sq inch) originally set for December
2007 has been achieved. This programme was accelerated to provide early
technical information for the design of the 2008 factory production units which
are anticipated to combine both pressure and power capabilities in a single
unit.

The Bi-Fuel Car: In conjunction with the University of Hertford, ITM has
modified a petrol engine Ford Focus to operate using pure hydrogen able to be
supplied by an ITM electrolyser before switching to gasoline. An ITM self
pressuring electrolyser has now successfully fuelled this vehicle. Drivability
in public road conditions when using hydrogen has proved to be excellent.

This vehicle has been refuelled with hydrogen to a pressure of 75 bar for range
testing purposes and has exceeded 25 miles on a single charge of hydrogen both
when tested on a rolling road, and during testing on public highways.

Later this year, ITM plan to publicly demonstrate both the vehicle and
refuelling system using electrolyser prototypes that will closely resemble the
initial units to be manufactured at the new Sheffield production site.


Fuel Cell Developments:

The Company is pleased to announce that the fuel cell cost reduction programme
is proceeding on track, and it has succeeded in increasing the performance of
its hydrogen and oxygen fuel cell system so that the resulting fuel cell meets
the cost reduction target for June 2007 of less than $500/kW if produced in
accordance with the assumptions set out in the Technical Update, 18 October
2006.

This has been achieved principally by further increases in the power density at
which the ITM hydrophilic material can operate, leaving the reduction in
platinum loading and/or the replacement of platinum as technologies available to
meet the Company's future cost reduction strategy.


Membrane Durability:


ITM's longest term electrolyser membrane test cell has been taken out of service
after 11,500 hours of intermittent operation (i.e. 11,500 hours on in a total
test exceeding 20 months) following an anomalous decrease in operating voltage.
Detailed examination shows that the membrane had become contaminated with
metallic debris, consistent with corrosion products from other parts of the cell
and associated test equipment. When removed the membrane was found to be robust,
un-punctured and continuous, there was no evidence of chemical erosion or
impending mechanical failure. In the total test programme of well in excess of
50,000 hours no other similar examples of anomalous voltage decrease have been
noted. As a precaution the Company is redesigning its longevity test cells to
reduce the possibility of similar contamination disrupting future trials.

Jim Heathcote, CEO, ITM Power Plc commented: 'This longevity test has been in
operation for nearly two years and has achieved very positive results which
clearly make the product commercially viable. It should be noted that the
process of contamination does not necessarily imply membrane failure and cell
design modification could further improve durability.'


Hydrogen Diesel Applications:


ITM has installed an electrolyser and on-board emission monitoring equipment
into a road-going vehicle (a Range Rover 3l diesel). This equipment has
demonstrated that an ITM electrolyser can operate successfully in the demanding
environment of a moving vehicle, and direct observations of reproducible
reductions in the principle emissions have been recorded while the electrolyser
was active. However, the full commercial or military implications of the results
cannot be judged in advance of a research programme such as that agreed with
ABRO.


New Manufacturing Facility:


The design work for the new 15,000sq ft Sheffield site is nearing completion and
preparation work has begun for the installation of the equipment to manufacture
annually up to 10 megawatts of electrolysers. This plant will have one of the
largest electrolyser production capabilities in the world. The Company is
finalising the design of the electrolyser units which are anticipated to be
produced in the new factory. So far this programme is on time and budget.

Jim Heathcote, CEO, ITM Power Plc commented: 'The Company has made tremendous
technical advances which are being included in the design of electrolyser
systems for production in the new Sheffield facility in the first half of 2008.
The Bi-Fuel car and refuelling system very clearly demonstrates a simple,
convenient and low cost transportation solution that significantly reduces
greenhouse gases and helps mitigate climate change. We believe combining
electrolysers with an internal combustion engine vehicle brings affordable
hydrogen transportation forward by many years.'


Ends


For further information please contact:


Gemma Chandler
ITM Power Plc
Tel: 01799 532 860
Mob: 07921 057712

www.itm-power.com

Looking fowards to the results too - 31st of July.
Very positive near 10% rise today, already above my buy price early doors.

Really excellent news all round and very much worth the wait. Onwards and upwards!

ITM may not be about to sweep the world, but their approach was indirectly endorsed by Honda recently, who said that in-home hydrogen generation could become standard practice in 10 years or so.

- REUTERS

Results and progress report due next Tuesday,move northwards for the sp. imminent imo.

11% + today.