CRADA

ITM Power PLC 11 December 2007 For Immediate Release 11 December 2007 ITM Power plc ('ITM' or 'the Company') Cooperative Research and Development Agreement (CRADA) with United States Naval Undersea Warfare Center ITM Power plc (AIM:ITM), the technology and research company focused on the commercialisation of the hydrogen economy, is pleased to announce that it has signed a cooperative agreement with the Naval Undersea Warfare Center Division Newport (NUWCDIVNPT) to collaborate in the development of advanced power systems for Unmanned Undersea Vehicle (UUV) applications. The following is an agreed public statement of objectives: 'This CRADA will enable discussions and investigations of dual liquid fuel cells for unmanned undersea vehicle (UUV) applications including identification of critical operation parameters having relevance to the development of materials and systems within the dual liquid fuel cell and fuel supply areas. These collaborative efforts between ITM Power and NUWCDIVNPT will include investigating the potential for ITM Power designed fuel cells to meet the needs of the operation parameters identified. Under the CRADA, NUWCDIVNPT and ITM Power will also identify and define additional research and development to make ITM Power fuel cells meet the operational parameters defined and to quantify those research and development efforts in terms of time and money. The U.S. Navy has an interest in fuel cell technology and is investigating a number of options with which to advance its UUV program. ITM Power has an interest in furthering research and development of its specific fuel cell design and will, along with the Navy, benefit from this collaborative effort.' Jim Heathcote, CEO ITM Power, said: 'We are pleased to be working with the US Naval Undersea Warfare Center. We believe electrolyser and fuel cell systems have many military applications and we hope this agreement will open the door to large potential markets for our technology.' For further information please contact: ITM Power plc 01799 542 222 Jim Heathcote, Chief Executive Officer Panmure Gordon & Co. 020 7459 3600 Katherine Roe Buchanan Communications 020 7466 5000 Ben Willey/Richard Darby/Ben Romney Notes to the Editors: ITM Power is a developer of low-cost hydrogen technologies. The Company has developed new materials and processes that dramatically reduce the cost of fuel cells and electrolysers. The patented membrane materials used in the devices have higher performance and are 1% of the cost of the industry standard materials. Electrolysers work by converting water and electricity into hydrogen and oxygen. The hydrogen produced can be used as a replacement for fossil fuels and facilitate zero carbon housing and pollution free motoring. ITM Power was founded in 2000 and floated on the London Stock Exchange's Alternative Investment Market in June 2004. This information is provided by RNS The company news service from the London Stock Exchange D MSCGUGGGPUPMGMU

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