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Hydrogen Engine Center Announces Agreement with ITM Power Plc

Release Agreement

Hydrogen Engine Center Announces Agreement with ITM Power Plc | Document Parties: ITM Power Plc | Vendely Communications Inc. You are currently viewing:
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ITM Power Plc | Vendely Communications Inc.

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Title: Hydrogen Engine Center Announces Agreement with ITM Power Plc
Date: 11/14/2006

Hydrogen Engine Center Announces Agreement with ITM Power Plc, Parties: itm power plc , vendely communications inc.
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                                                                   EXHIBIT 99.1
                                                                   ------------

Hydrogen Engine Center Announces Agreement with ITM Power Plc

For Immediate Release - November 13, 2006 - Algona, IA - Hydrogen Engine Center,
Inc.,   (HEC) announces today that they have signed a Memorandum of Understanding
("MoU" or/and the "Agreement")   with ITM Power Plc (ITM) one of the UK's leading
innovators within the alternative   energy sources industry.   HEC is a US company
that designs,   manufactures and distributes alternative fuel internal combustion
engines for the   industrial   and power   generation   market.   The parties plan to
jointly   develop   products for a non polluting,   grid-independent   energy system
which can undergo early field trial testing.

The purpose of the MoU is to provide a platform from which the two organizations
can develop their   respective   technologies   resulting in mutual   benefits.   HEC
anticipates   that ITM can offer an assured   supply of   hydrogen   using ITM's low
cost   electrolyzer   technology.   ITM anticipates   that HEC will provide an early
route to the   provision of a complete   system   package using HEC's proven engine
technology.

The combination of a hydrogen fueled internal   combustion   engine and a low cost
electrolyzer   could   provide   the   essential   technology   to convert   low-value,
intermittent,   renewable energy (wind, solar) into a reliable, non-fossil energy
supply. Subject to the production of satisfactory results from the field trials,
HEC and ITM will   progress   into   detailed   discussions   with the   intention   of
entering a more formal commercial arrangement.

In making the announcement Ted Hollinger,   President, HEC, stated, "Both ITM and
HEC have been developing   technologies over the past few years and are now ready
to bring them to market.   By   combining   HEC's   hydrogen   engines with ITM's new
low-cost   electrolyzer,   customers will have access to turn-key   hydrogen-fueled
systems."

Jim   Heathcote,   CEO, ITM Power Plc,   said: "We are delighted to be working w


 
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