ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the appointment of an agent and representative for the key German early adoption market for hydrogen technologies.
The agent is Phil Doran, who has been based in Frankfurt for 20 years and is a partner in Core Technology Ventures. He was a founding member of the European Hydrogen and Fuel Cell Trade Association and has had a three year involvement in the EU-funded Roads2HyCom project, which mapped Europe’s technical capabilities. From 1993 to 2002 Phil was Head of Hydrogen & Fuel Cells Research and Senior Equity Sales at UBS Warburg AG (Frankfurt). ITM Power considers the German market to be the key early adoption market for hydrogen technology in Europe, both for electrolysers and fuel cells.
CEO Dr Graham Cooley commented; “Germany is now a strategic entry point for hydrogen and fuel cell related technologies and a market that ITM Power is actively targeting. This appointment is our next positive step towards a commercial presence and sales drive in the early adoption markets of Germany, the US and Japan.”
Phil Doran Commented: “I am looking forward to introducing ITM Power’s innovative technology to a wider – and receptive – German audience. Hydrogen technology adoption in Germany is developing rapidly and ITM Power’s green hydrogen refuelling products are well positioned to exploit this growing opportunity.”
Phil will be presenting an overview of the German refuelling station market at the HOST launch at Stansted on 8th March and joining ITM Power at the Hannover Messe exhibition on the 4th to the 8th April.
For further information please visit www.itm-power.com or contact:
ITM Power plc,
Graham Cooley, CEO,
0114 244 5111
Nomura Code Securities Limited
Juliet Thompson / Dr Christopher Golden
+44 (0)20 7776 1200
Simon Hudson / Andrew Dunn,
020 7920 3150