Itm Power Regulatory News (ITM)

25 Jan 2008 11:44

ITM Power PLC25 January 2008 For Immediate Release 25 January 2008 ITM Power plc ("ITM" or "the Company") Key US Patent Granted ITM Power's Fundamental Material Patent granted in the USA ITM Power plc (AIM: ITM) is pleased to announce that on 15 January 2008 it hasbeen granted a patent for its fundamental materials from the US Patent Office(Patent No: US 7,318,972 B2). The patent application, which covers both the unique crosslinked hydrophilicionic materials and the novel production process, has been identified as twoseparate inventions. Consequently, the Company has decided to allow the patentexamination process to proceed under the US 'divisional process' which offersthe possibility of achieving two independent patents from the one originalapplication. The divisional application covering the novel "in-situ" productionprocess is now under review. Jim Heathcote, CEO ITM Power, said: "We are delighted to be granted the US patent covering our new class ofionically conducting materials and we look forward to updating shareholders onthe progress with the second patent covering the low cost manufacturing process.When granted, two patents will significantly enhance the Company's portfolio ofintellectual property." For further information please contact: ITM Power plc 01799 542 222Jim Heathcote, Chief Executive Officer Panmure Gordon & Co. 020 7459 3600Katherine Roe Buchanan Communications 020 7466 5000Ben WilleyRichard DarbyBen Romney Notes to the Editors: ITM Power is a developer of low-cost hydrogen technologies. The Company hasdeveloped new materials and processes that dramatically reduce the cost of fuelcells and electrolysers. The patented membrane materials used in the deviceshave higher performance and are 1% of the cost of the industry standardmaterials. Electrolysers work by converting water and electricity into hydrogen and oxygen.The hydrogen produced can be used as a replacement for fossil fuels andfacilitate zero carbon housing and pollution free motoring. ITM Power was founded in 2000 and floated on the London Stock Exchange'sAlternative Investment Market in June 2004. This information is provided by RNS The company news service from the London Stock Exchange