International Award Win

ITM Power PLC 27 February 2008 For Immediate Release 27 February 2008 ITM Power plc ('ITM' or 'the Company') ITM Power wins top international award A British company leading the alternative fuel revolution has won a major international award. ITM Power (AIM: ITM), which is developing ways of using hydrogen to fuel vehicles and provide power for homes and offices, has won The CleanEquity Monaco 2008 Award for Excellence in the Field of Environmental Technology Research. The award was presented to ITM's Chief Executive Officer, Jim Heathcote, by H.S.H. Prince Albert II of Monaco at a ceremony in Monaco at the end of the two-day international conference on emerging environmental technologies. Jim Heathcote said: 'This is a great honour and recognition of the hard work that everyone at ITM Power is doing to make hydrogen fuel a commercial reality. 'We have made tremendous breakthroughs in science and technology that will allow us to produce low-cost fuel cells and electrolysers. These products will open the doors to zero emission energy solutions.' ITM Power's scientists have been researching and developing the technology for more than a decade. Later this year the company will open a factory in Sheffield to start commercial production. The company was founded in 2000 and is listed on the London Stock Exchange's Alternative Investment Market (AIM). It employs around 60 people and has head offices near Saffron Walden and research and development facilities in Sheffield. CleanEquity Monaco 2008 involved more than 40 of the world's leading environmental technology companies and about 300 delegates including specialist investors, national and international politicians and major construction organisations. Barclays Wealth and Barclays Capital were the main sponsors of the CleanEquity conference. 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 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 homes 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

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