18.1.2007: Meldung: Millennium Cell Inc.: Fuel Cartridge Manufacturing Capability
Wednesday January 17, 9:00 am ET
Millennium Cell, Dow and EWI Complete Pilot Manufacturing Line
Initial Shipments Made to Licensee and Independent Test Facility
EATONTOWN, N.J.-- Millennium Cell Inc. announced today that it has established manufacturing capability for Hydrogen on Demand® fuel cartridges, a step which will broaden the company"s business model to include commercial sales of standard products. With this development, the company also has the capability to fulfill orders from licensees who package components into customized fuel cartridge designs.
The company collaborated with The Dow Chemical Company and The Edison Welding Institute to develop manufacturing techniques and select materials for key fuel cartridge components. As a result, the company has constructed a pilot production line to produce fuel cartridges for commercial applications. Within the program, the key components were redesigned with new materials to achieve high reliability and performance at a low cost under military specification environmental conditions.
Over the past few months, Millennium Cell shipped components for 25 fuel cartridges to Jadoo Power to support their contract deliverables with the U.S. Department of Defense. The company plans to ship next month over 25 additional units to the NextEnergy Center for independent testing as the final stage of manufacturing process validation.
"I would like to thank Dow, EWI and NextEnergy for their valuable contributions to this achievement that will accelerate the commercialization of Millennium Cell fuel cartridges," commented Adam P. Briggs, Millennium Cell"s President. "This pilot line will enable the shipment of fuel cartridges to the State of South Carolina in mid-2007 and to other Jadoo customers later this year."
In 2006, Millennium Cell announced that it had agreed to supply up to 250 Hydrogen on Demand fuel cartridges for delivery in mid-2007 to South Carolina as part of the Greater Columbia Fuel Cell Challenge. The cartridges will provide the hydrogen fuel for Jadoo"s XRT Extended Runtime Accessories targeted for use with emergency responders, Homeland Security and other "off-grid" power support applications in Columbia, South Carolina. With over 2200 W-hrs of energy, the XRT is ideal for off-grid, critical applications such as portable radio and laptop battery recharging, powering mobile law enforcement surveillance installations as well as providing back-up power for critical communication devices like satellite phones and modems.
About Millennium Cell
Millennium Cell develops hydrogen battery technology through a patented chemical process that safely stores and delivers hydrogen energy to power portable devices. The borohydride-based technology can be scaled to fit any application requiring high energy density for a long run time in a compact space. The Company is collaborating with leading contractors to meet demand for its patented process in four areas: military, medical, industrial and consumer electronics. For more information, visit http://millenniumcell.com.
About Jadoo Power Systems
Jadoo Power Systems, Inc. is a market-focused company that develops and sells next-generation, portable energy storage and power generation products. Jadoo is the largest supplier of fuel cell products to the portable power space. Jadoo is financed by Mohr Davidow Ventures, Venrock Associates and Sinclair Ventures, a wholly owned subsidiary of Sinclair Broadcast Group, Inc.
About The Dow Chemical Company
Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. For further information, visit Dow"s web site at www.dow.com.
Based in Columbus, Ohio, EWI is North America"s largest engineering and technology organization dedicated to welding and materials joining. EWI"s staff provides materials joining assistance, contract research, consulting services and training to over 3,300 member company locations representing world-class leaders in the aerospace, automotive, defense, energy, heavy manufacturing, medical and electronics industries. For more information, please visit www.ewi.org.
About NextEnergy Center
NextEnergy is a non-profit corporation founded to enable the commercialization of energy technologies that positively contribute to economic competitiveness, energy security, and the environment. The state-of-the-art NextEnergy Center and related energy infrastructure supports research, development, education, and outreach through collaboration among automotive, military, and energy company interests. For more information, visit www.nextenergy.org.
MBS Value Partners, LLC
Betsy Brod, 212-750-5800
Source: Millennium Cell Inc.