19.4.2007: Meldung: Millennium Cell vereinbart Zusammenarbeit mit Kuchera

EATONTOWN, N.J, Millennium Cell Inc. (NASDAQ:MCEL - News) announced today that it has formed a strategic relationship with Kuchera Defense Systems ("KDS") focused on the commercialization of products developed by KDS, Millennium Cell and Gecko Energy Technologies, a wholly owned subsidiary of Millennium Cell. Kuchera Defense Systems is an established high tech manufacturing and engineering services company with strong relationships to prime contractors and military agencies.

As part of this new relationship, KDS licensed Millennium Cell"s Hydrogen on Demand® technology for the purpose of co-developing hydrogen fuel cartridges that KDS will manufacture and sell to the military and commercial markets. KDS has identified portable power applications that it will pursue with hydrogen fuel cell power sources. KDS plans to partner with fuel cell developers to integrate Millennium Cell"s fuel technology with fuel cells to create power source products for portable power applications. Initial KDS products are planned to include Gecko"s PowerSkin(TM) fuel cells that provide a thin, low cost source of power up to 30 watts and Jadoo Power fuel cells for applications up to 500 watts.
"We are delighted to secure a partner who can produce fuel cell cartridges in volume. Kuchera"s engineering and manufacturing skills combined with an outstanding customer base will enable the launch of an array of products into military and commercial markets," commented Adam P. Briggs, Millennium Cell President.

The agreement also outlines two collaborative development efforts. The goal of the first program is to develop a product comprised of a Hydrogen on Demand® fuel cartridge and a PowerSkin(TM) fuel cell for military and industrial applications which require up to 5 watts of power. KDS will utilize Millennium Cell and Gecko"s technical services to support fuel cartridge development and product integration. The first deliverable under the program will be a pre-production prototype expected to be complete in the first quarter of 2008.

The second effort will be a joint program for the development of modular fuel cell power systems to power equipment and devices for remote, mobile tactical operations centers. The systems will be based on a Hydrogen on Demand® fuel cartridge integrated with a Jadoo Power fuel cell. The two companies will provide technical support to KDS to develop these power systems.
"We are excited to develop and market hydrogen fuel cell power sources with Millennium Cell to address the demand for advanced energy products. This relationship forms the cornerstone of our newly formed Center of Excellence for Advanced Energy Systems Manufacturing which was created by a grant from the Pennsylvania Energy Development Authority in October 2006," said William Kuchera, President and CEO, of KDS. "The Center"s primary goal is to assist advanced energy system developers like Millennium Cell and Gecko with transitioning their products from R&D through pilot production to high volume manufacturing. We strive to be the premier manufacturer and supplier of advanced energy products for military and commercial customers and look forward to providing our engineering and manufacturing expertise to meet that challenge."

"KDS is an ISO-9002 certified supplier to many of the prime defense contractors and they are successfully developing new military products that require advanced power sources. With this relationship in place, Millennium Cell will be in a position to meet the increasing demand for fuel cartridges for portable military and industrial applications," Mr. Briggs concluded.
About Kuchera Defense Systems (www.kuchera.com)
Kuchera Defense Systems is a high tech manufacturing and engineering services company located in Windber, Somerset County, Pennsylvania. KDS has extensive expertise in advanced systems design, design for manufacture (DFM), design for assembly (DFA), design-to-cost (DTC), PCB layout, and high volume assembly of circuit boards, electronic systems, robotic unmanned vehicles and other highly complex and reliable military and industry products and components.

About Millennium Cell
Millennium Cell is a leader in the development of hydrogen battery technology used to power portable applications. Through its proprietary Hydrogen on Demand® fuel cartridges and PowerSkin(TM) fuel cell modules, the Company provides increased energy density resulting in longer runtime and lighter weight in a compact space. The Company is working with market partners to meet the demand for a better battery in the military, medical, industrial and consumer electronics markets. For more information, visit www.millenniumcell.com
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