This is a major stage in, and vindication of, the Company's IP strategy. The patent application covers both the unique crosslinked hydrophilic ionic materials which underpin the electrolyser and fuel cell developments made by the Company in the past several years, together with the novel production process. In combination, these developments have allowed ITM to develop low cost platinum free electrolysers and high power density low cost fuel cells.

Jim Heathcote, CEO ITM Power, said:

"This announcement is particularly timely because we believe world-wide patent cover is essential before we ship our first products. We are making excellent progress in constructing and fitting out the Company's new production plant and anticipate its completion by the year end, on time and on budget."