ITM Power updates on patent portfolio

ITM Power, the clean fuel specialist, said its intellectual property portfolio portfolio had continued to grow in strength and in depth.

The firm said that since the start of 2010 it had seen 21 patents granted across ten patent families, covering technologies, materials or processes relevant to ITM Power's activities.

An additional seven new patent applications had been submitted which were now progressing through the patent system.

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ITM Power now has 94 separately granted patents and 64 pending patent applications across 31 patent families.

"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," said ITM's Chief Executive Dr Graham Cooley.

The company's shares fell 4.2% following the announcement.

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