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ITM Power PLC UPS Joins ITM Power's Hydroge 3rd February 2011 ITM Power plc ("ITM Power" or "the Company") UPS®Joins ITM Power's Hydrogen On Site Trials ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that UPS (NYSE: UPS) has signed an agreement to participate in the Hydrogen On Site Trials (HOST) of ITM Power's transportable high pressure refuelling unit (HFuel). The HFuel unit was built with support from the Technology Strategy Board (TSB) and was launched at the Company's AGM on 15th September 2010. This portable unit produces hydrogen on-site through water electrolysis, which is then used to fuel ITM's prototype HFuel vehicles. UPS is the world's largest package delivery company, a global leader in logistics services, and one of the world's most recognized brands, operating in over 220 countries and territories. UPS has more than 100,000 delivery vehicles worldwide, including the largest private alternative fuel fleet in the transportation industry, with close to 2,000 vehicles. UPS runs what it calls a "rolling laboratory" - as well as enjoying the benefits of alternative-fuel propulsion today, the UPS fleet provides valuable data on the viability of different fuel technologies in real-world situations. Commenting for ITM Power, CEO Graham Cooley said: "The return to base light commercial fleet sector is a key sector for the early uptake of alternative automotive fuels and the addition of UPS to the HOST trials will give us exactly the data and feedback that will make HOST a success. The announcement of UPS as a trial partner now completes phase one of HOST." Peter Thomas, Automotive Director, UPS UK and Ireland, said: "We are always seeking to improve our performance and reduce our impact on the environment. Taking part in this project is a logical step in our broader "rolling laboratory" approach to alternative fuel technology, and underlines our commitment to providing efficient and sustainable transportation services for our customers." For further information please visit www.itm-power.com or contact: ITM Power plc Graham Cooley, CEO 0114 244 5111 Panmure Gordon & Co. Katherine Roe 020 7459 3600 Tavistock Communications Simon Hudson / Andrew Dunn 020 7920 3150 About HOST HOST will begin in the first quarter of 2011, and comprises the operation and refueling of two Revolve Technologies hydrogen Ford Transit vehicles, with hydrogen produced on site at the point of use, at sites operated by participating companies and in the Gateway to London development area. The list of trial partners, in order of publication, is as follows: HOST provides each partner with a one week free trial of HFuel and the Revolve HICE transit vehicles, and an option to lease both HFuel and vehicles for additional week(s). The demonstrations are 100% managed and operated by ITM personnel in liaison with site owners' operations and management. As part of the HOST programme ITM Power is actively seeking both technical partners interested in storing renewable energy, and commercial partners seeking to trial zero carbon fleets. About UPS UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight, the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at www.ups.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit www.pressroom.ups.com -ends- |
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| aus der Diskussion: | ITM Power - Elektrolyse und Brennstoffzelle |
| Autor (Datum des Eintrages): | Karlll (03.02.11 08:40:16) |
| Beitrag: | 10 von 11,000 (ID:40972934) |
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