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

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?

will certainly rebound above 1. Look at the chart. The SP yo-yo's between 100-150 over weeks

Loads of potential, lots of cash, big orders bound to come very soon and it dives !

What on earth has happened here today, the market surges and this one drops like a stone, a little overdone if you ask me !

did i mention something about a rocket ?

Potentials yet to be materialised...in this kind of market, potentials are not potentials until they are achieved.

G D Potts, it was more like a quick firework at the time; hlye98 the potential of this stock is huge, a deal with Ford or General Motors for example would double the sp overnight, there is a strong possibility of something like that happening, but like you say : you never know what's coming next in this kind of market, and people want immediate profits, in the long term (3 years or so) we shall see this stock once again above the 3 level, in the short term it might bounce back above the 1 level again !

What the hell's happening with ITM today - down 20% in the first half hour this morning?????