ITM Itm Power Plc

TIDMITM

RNS Number : 2760B

ITM Power PLC

03 April 2017

3 April 2017

This announcement contains inside information

ITM Power plc

("ITM Power" or the "Company")

ITM Power secures GBP3.5m contract to deploy a 3MW Electrolyser system

ITM Power, the energy storage and clean fuel company is pleased to announce it has signed a GBP3.50m contract for the deployment of 3MW of electrolysis in the UK with some associated hydrogen energy equipment. Further details will be made available, including the location and application, when possible. The Company currently has GBP21.79m of revenue under contract and GBP2.86m in the final stages of negotiation, making a total pipeline of GBP24.65m.

For further information please visit www.itm-power.com or contact:

 
 ITM Power plc                     +44 (0)114 244 
  Graham Cooley, CEO                5111 
 Zeus Capital 
  Andrew Jones / Hugh Kingsmill    +44 (0)20 3829 
  Moore                             5000 
 Tavistock Communications          +44 (0)20 7920 
  Simon Hudson / James Collins      3150 
 

About ITM Power plc

ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and is a founder member of the Social Stock Exchange. The company received GBP4.85m as a strategic investment from JCB in March 2015; signed a forecourt siting agreement with Shell in September 2015 and a fuel agreement with Toyota in October 2015. The Company currently has GBP21.79m of revenue under contract and GBP2.86m in the final stages of negotiation, making a total pipeline of GBP24.65m (subject to exchange rate variation).

www.itm-power.com

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