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

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.

Great recovery after the last few days,

RNS at 17:15.

Peter Hargreaves purchased 150,000 shares at 108p.

6 August 2007.

Good progress from ITM...this is a BUY.

ITM Power PLC
25 September 2007


For Immediate Release 25 September 2007


ITM Power plc

('ITM' or 'the Company')

Key US Patent Progress

ITM Power's Fundamental Patent allowed in the USA

ITM Power plc (AIM:ITM), the technology and research company focused on the
commercialisation of the hydrogen economy, is pleased to announce that it has
received a 'notice of allowance' for its fundamental patent application from the
US Patent Office. It is expected that the patent will be formally granted in the
near future.

This is a major stage in, and vindication of, the Company's IP strategy. The
patent application covers both the unique crosslinked hydrophilic ionic
materials which underpin the electrolyser and fuel cell developments made by the
Company in the past several years, together with the novel production process.
In combination, these developments have allowed ITM to develop low cost platinum
free electrolysers and high power density low cost fuel cells.

Jim Heathcote, CEO ITM Power, said:

'This announcement is particularly timely because we believe world-wide patent
cover is essential before we ship our first products. We are making excellent
progress in constructing and fitting out the Company's new production plant and
anticipate its completion by the year end, on time and on budget.'

Good news indeed :-)

Cooperative Research and Development Agreement (CRADA) with United States Naval
Undersea Warfare Center

ITM Power plc (AIM:ITM), the technology and research company focused on the
commercialisation of the hydrogen economy, is pleased to announce that it has
signed a cooperative agreement with the Naval Undersea Warfare Center Division
Newport (NUWCDIVNPT) to collaborate in the development of advanced power systems
for Unmanned Undersea Vehicle (UUV) applications. The following is an agreed
public statement of objectives:
'This CRADA will enable discussions and investigations of dual liquid fuel cells
for unmanned undersea vehicle (UUV) applications including identification of
critical operation parameters having relevance to the development of materials
and systems within the dual liquid fuel cell and fuel supply areas. These
collaborative efforts between ITM Power and NUWCDIVNPT will include
investigating the potential for ITM Power designed fuel cells to meet the needs
of the operation parameters identified. Under the CRADA, NUWCDIVNPT and ITM
Power will also identify and define additional research and development to make
ITM Power fuel cells meet the operational parameters defined and to quantify
those research and development efforts in terms of time and money.
The U.S. Navy has an interest in fuel cell technology and is investigating a
number of options with which to advance its UUV program. ITM Power has an
interest in furthering research and development of its specific fuel cell design
and will, along with the Navy, benefit from this collaborative effort.'

Jim Heathcote, CEO ITM Power, said:
'We are pleased to be working with the US Naval Undersea Warfare Center. We
believe electrolyser and fuel cell systems have many military applications and
we hope this agreement will open the door to large potential markets for our
technology.'

Panmure Gordon 11/12/07.
has a hold for Ashtead Group (LSE: AHT.L - news) (AHT), cutting target to 90p from 150p, has a hold for Cadbury (CBRY), a buy and 12.50 for Carpetright (CPR), a hold and 350p target for Domino Printing (DNO), a buy and 126p target for Driver (DRV), a buy and 11.69 target for Fidessa (FDSA),

a buy and 340p target for ITM Power (LSE: ITM.L - news) (ITM),
price today 133p

That's huge news IMO jimward9. If they can get their technology into the US military the sky literally could be the limit.

ITM Power a Tiddler to watch in The Times today. Details not yet on Times website - will post when I can.

... still not on Times website, but the paper has been delivered!

"ITM Power, the developer of hydrogen fuel cells, was up 5.75p at 129.75p after signing a deal wtih the US Navy to develop fuel cells for an unmanned submarine. Mark Davis, if Panmure Gordon, retained his 'buy' advice with a 340p target, saying the agreement could lead to further relationships with the US Navy."

All good, all good!

I can't help but feel that one day this year this will take off like a rocket again....

a lot of institutions got burnt on ITM. Ceres is also the heavily favoured Fuel cell play by the majority of investors, so that rocket may not be around the corner

Panmure Gordon's recommendation cannot be trusted.

Euhhh !, did I mention something about a rocket, just a coincidence I think...unless...

Under 1 today - crazy given the potential.

Interims out tomorrow, doesn't look very promising or does it?