EPSRC Grant Funding

6th October 2010

ITM Power, the energy storage and clean fuel company, is pleased to announce Engineering and Physical Sciences Research Council (“EPSRC”) grant funding in excess of £88,000 towards two research projects to be undertaken at Southampton and Sheffield Universities.

The funding for the first of these is in the form of an Industrial CASE (Collaborative Awards in Science and Engineering) award towards the sponsorship of a PhD at Southampton University. The doctorate will access Southampton’s world renowned catalysis expertise to investigate materials for water electrolysis which are tolerant of lower quality water and time-varying inputs modelled on renewable sources. This project is one of only 40 Industrial CASE studentships awarded in the UK in 2010 from a highly competitive process.

In addition, ITM Power is sponsoring a doctorate on the University of Sheffield’s E-Futures programme, the UK’s leading course dedicated to energy research. This programme is also supported by EPSRC and will investigate novel polymers based on ITM Power’s patented materials for use in electro-chemical cells.

These focused projects should strengthen the Company’s core intellectual property (“IP”) and foster growing relationships with academia. In addition to the financial contribution, ITM Power will also benefit from access to expertise and equipment at the two university departments, potentially reducing development and testing costs.

Both students started at the end of September 2010. Any new IP generated will be wholly owned by ITM Power for use in the field of fuel cells and electrolysers in all the company’s target markets.

Dr Simon Bourne, Chief Technology Officer of ITM Power commented: “EPSRC funding is very competitive and the requirements demand a high level of innovation and technical content. I am therefore delighted to announce these two awards. The combination of our technology and the world class expertise at Southampton and Sheffield is a strong one and should benefit all parties, not least the two doctoral students. This is a further example of our strategy to increase our profile within the research community.”

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

ITM Power plc
0114 244 5111
Graham Cooley, CEO

Panure Gordon & Co
020 7459 3600
Katherine Roe

Tavistock Communications
020 7920 3150
Simon Hudson / Andrew Dunn

Rebecca Markillie
Marketing & Communications
E: rlm@itm-power.com
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