– UK, Sheffield – ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the appointment of Mr. Robert Pendlebury as a non-executive director of the Company. Bob joins the board with immediate effect and will represent J.C.B. Research Limited, a significant shareholder in ITM Power.
Robert Michael Pendlebury, 73, has worked in senior management positions in both Ford Motor Company and J C Bamford Excavators Limited (“JCB”). His early career was devoted to the design and development of Ford commercial vehicles including the Ford Transit and Ford Cargo truck range. His final role there was Transit Vehicle Development Manager responsible for the whole range of vehicles built in several European locations. This was Ford’s most successful vehicle in Europe for over 25 years.
Leaving Ford in 1991 he joined JCB as Research Director and eventually became their Engineering and Research Director responsible for all products. During his time there, the company grew its business substantially worldwide with manufacturing in UK, USA and India. Always interested in engines, he led the team that developed the JCB Dieselmax range of engines now built in both the UK and India. This was JCB’s first in house engine and powers the majority of JCB vehicles. Over 200,000 have been built to date.
Although he retired from full time employment with JCB in 2005, he remains a Consultant to the company and is also a Visiting Professor in Engineering Design at Loughborough University and the Associate Engineering Director of the JCB Academy. He is a Mechanical Engineering graduate of Leeds University and a Fellow of the Institution of Mechanical Engineers.
Prof. Roger Putnam, Chairman of ITM Power, commented, “We are delighted to welcome Bob to the Board. His engineering experience with Ford and JCB means that that he will make an immediate and important contribution to the next phase of our growth as we expand our manufacturing capabilities.”
Mr. Pendlebury added, “I believe that hydrogen has a vital role to play in delivering lower emissions, a cleaner environment and energy security. With JCB’s help, ITM Power can focus on improving manufacturing efficiencies so that it can deliver its leading refuelling and energy storage products to more and more customers around the world.”
About ITM Power
ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006, £5.4m in 2012, £2m in 2013 and £10m in 2014 have been completed. The Company received £4.9m as a strategic investment from JCB in March 2015 and currently has £12.91m of projects under contract and a further £2.80m of contracts in final stages of negotiation.
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