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Important Intellectual Property AdditionsJan 03, 2013 (M2 PRESSWIRE via COMTEX) -- ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce important extensions to its patent portfolio, following a recent major intellectual property review. Creation and protection of relevant intellectual property remains central to ITM Power's development strategy. The Company has robust processes to identify new intellectual property and seek the most appropriate method of protection. The Company prosecutes patent applications of its suite of unique materials and processes in many countries throughout the world, initially using the Patent Corporation Treaty. Patents on the core technology have already been widely granted, most recently in Korea, Japan, Canada and India, complementing the already granted regions, which include Europe and the US. In addition, the patent position has been extended to include protection for the unrestricted use of these materials in Europe (ie: applications outside the scope of ITM Power's current core activities), reinforcing the Company's secure hold on its technology. Since the start of 2010 a further 21 patents have been granted across ten patent families, covering technologies, materials or processes relevant to ITM Power's activities. An additional seven new patent applications have been submitted which are now progressing through the patent system. ITM Power now has 94 separately granted patents and 64 pending patent applications across 31 patent families. Dr Graham Cooley, CEO of ITM Power commented: "Our IP portfolio continues to grow in strength and in depth as important inventions arise from our R&D activities. The strength of our intellectual property is fundamental to the present and future value of ITM Power and I look forward to updating the market as our portfolio develops further." For further information please visit www.itm-power.com or contact: ITM Power plc Graham Cooley 0114 244 5111 Nplus1 Singer Advisory LLP (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 GBP10m gross in its IPO. Further funding rounds of GBP28.5m in 2006 and GBP5.4m 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 ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected]. [ Back To TMCnet.com's Homepage ] |