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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
MM
-
Going part-time could leave a £58,000 hole in your pension: how to plug the gapThere are many reasons for switching to part-time work, but some savers don’t consider the impact on their pension until it is too late
-
Three bargain investment trusts to add to your portfolioThese three investment trusts are bargains compared to their net asset value (NAV), but one fund analyst thinks the deep discounts are unwarranted.
