First Sale in Russia

12 March 2013

First Sale in Russia

ITM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce that it has sold the first reference plant based on the HPac platform to a company in Russia, which at this stage wishes to remain anonymous. ITM Power looks forward to marketing its products more actively in Russia into that country’s rapidly growing energy sector.

Dr Graham Cooley, ITM Power’s CEO said, “Russia is a fast growing energy market that is beginning to look more seriously at the renewable space. We are pleased that companies in Russia are looking at the renewable energy sector in general and our products in particular.”

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

ITM Power plc
Graham Cooley, CEO
0114 244 5111

N+1 Singer (Nominated Adviser & Broker)
Shaun Dobson / Jenny Wyllie
020 7496 3000

Tavistock Communications
Simon Hudson / Kelsey Traynor
020 7920 3150

About ITM Power

ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006 and £5.4m in 2012 have been completed. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company
has been successful in developing strategic industry partnerships in the following projects:

EU Funding for Advanced Refuelling Project

AEG Power Solutions electrolyser integration with power electronics

DECC Funding Award for the Production of Synthetic Methane

EU Funding for PEM Fuel Cell Innovation – IMPACT

Agreement with ABO Wind of Wiesbaden, Germany

Letter of Intent signed with German Utility

Shell and National Grid Join Gas Inject Project

EcoIsland TSB Funding

700bar Dispensing Collaboration in Germany

Marks & Spencer pilot materials handling fuel cell project

UKH2Mobility with leading auto OEM’s, UK gov. and industrial gas companies

EcoIsland with Toshiba, IBM, Cable & Wireless, SSE and Southern Water

Boeing Unmanned Aircraft System Refueller

Electrolyser Distribution with Horizon Fuel Cells

CREO with Ford, Jaguar Land Rover and Johnson Matthey

Exclusive European distribution rights for Materials Handling Fuel Cells

Sale of Equipment to EADS

EU Grant Award for PEM Water Electrolysers Coupled to Renewable Power Sources