Zeus Capital appointed as Nominated Adviser and sole Broker to ITM Power plc
17th July 2013
Zeus Capital has been appointed as Nominated Adviser and sole Broker to ITM Power plc. ITM Power, a designer and manufacturer of hydrogen energy systems for energy storage and clean fuel production, is quoted on AIM with a market capitalisation of £50 million.
ITM Power was admitted to AIM in 2004 and 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.
Dr Tom McColm, Clean Tech Research Director commented:
“ITM power was the first UK clean-tech company to list on AIM in 2004 and is something of a flagship for the sector. I have been tracking the progress of the company since that time and am delighted to be taking it on as a full Nomad and sole broking client at such a key point in its evolution. Over the last 3 years, coinciding with the tenure of Graham Cooley as CEO, the company has honed its product offering and commercial strategy. It is now in the process of embedding its electrolysis technology in the power-to-gas and hydrogen fuelling markets as both look set for explosive growth in the medium term. This is a genuinely exciting appointment for Zeus Capital.”