Millenium Cell

"We are delighted to support Intel's demonstration at the conference and demonstrate our hydrogen battery to potential licensees in the power source industry," commented Adam Briggs, President of Millennium Cell. "Intel's latest demonstration of the MPS highlights the value of their technology by providing a flexible interface for new notebook PC power sources like fuel cells. We look forward to working with Intel and the EBLWG to continue to evolve our complementary technologies."

For more information on the 23rd International Battery Seminar and Exhibit, visit www.powersources.net/florida/23rd_primary_secondary.htm)

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 working with market partners to meet demand for its patented process in four areas: military, medical, industrial and consumer electronics. For more information, visit millenniumcell.com.

Cautionary Note Regarding Forward-looking Statements:

his press release may include statements that are not historical facts and are considered ``forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Millennium Cell's current views about future events and financial performance and are subject to risks. Forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate," "on target" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from Millennium Cell's expectations, and Millennium Cell expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to, the following: (i) the cost and timing of development and market acceptance of Millennium Cell's hydrogen fuel storage and delivery system; (ii) the cost and commercial availability of the quantities of raw materials required by the hydrogen fuel storage and delivery systems; (iii) competition from current, improving and alternative power technologies; (iv) Millennium Cell's ability to raise capital at the times, in the amounts and at the costs and terms that are acceptable to fund the development and commercialization of its hydrogen fuel storage and delivery system and its business plan; (v) Millennium Cell's ability to protect its intellectual property; (vi) Millennium Cell's ability to achieve budgeted revenue and expense amounts; (vii) Millennium Cell's ability to generate revenues from the sale or license of, or provision of services related to, its technology; (viii) Millennium Cell's ability to form strategic alliances or partnerships to help promote our technology and achieve market acceptance; (ix) Millennium Cell's ability to generate design, engineering or management services revenue opportunities in the hydrogen generation or fuel cell markets; (x) Millennium Cell's ability to secure government funding of its research and development and technology demonstration projects; and (xi) other factors discussed under the caption "Investment Considerations" in Millennium Cell's Annual Report on Form 10-K for the year ended December 31, 2004.

SOURCE: Millennium Cell Inc.


CONTACT: Millennium Cell Inc. John D. Giolli, 732-542-4000 or Investors: Brod & Schaffer, LLC Betsy Brod or Jonathan Schaffer, 212-750-5800


Copyright Business Wire 2006



KEYWORD: United States

North America

New Jersey

INDUSTRY KEYWORD: Energy

Alternative Energy

Other Energy

Technology

Hardware

Software

Other Technology

SUBJECT CODE: Contract/Agreement

Millennium Cell is focused on using its Hydrogen on Demand(R) technology to develop integrated hydrogen batteries with its licensees. To support this strategy, the Company is aggressively pursuing a number of patents using sodium borohydride in both solid and liquid based systems which provide safety, performance, and cost advantages over traditional batteries and competing alternative technologies.

"These new patents demonstrate our leadership position in the use of boron hydrides as a hydrogen storage and delivery vehicle," commented Adam P. Briggs, Millennium Cell's President. "By incorporating our patented technology into energy dense and safe fuel cartridges, we are working in concert with our licensees to deliver compelling battery solutions for military, industrial, medical and consumer portable devices."

"We welcome the U.S. Air Force's leadership and vision in funding the development of our hydrogen battery technology for use in a variety of military applications," commented Adam P. Briggs, Millennium Cell President. "This new program will provide the military with a flexible fuel cartridge design which can be shipped dry and field hydrated. When dry, this system will be one-fifth of the weight of the batteries in use today, enabling significant logistical and operational flexibility over incumbent and alternative power sources."

Dr. Thom Reitz, AFRL Program Manager added, "The Air Force is aggressively pursuing innovative ideas and major performance advances in power generation and energy storage. Technologies such as those proposed by Millennium Cell could enable significant increases in energy density reducing the weight burden to airmen in the field."

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