Millennium Cell to Power MiniVan
Millennium Cell Inc. (NASDAQ: MCEL), a developer of hydrogen fuel systems that safely generate, store and deliver pure hydrogen for clean energy applications, announced today that its Hydrogen on Demand(TM) fuel system has been integrated into DaimlerChrysler's (NYSE: DCX) new Chrysler Town and Country "Natrium" clean energy vehicle.
The Chrysler Group is the first U.S. automaker to integrate Hydrogen on Demand on board a new vehicle design. Millennium Cell and Chrysler's Liberty and Technical Affairs Group have been working together for more than 18 months on the effort, collaborating on the development of a vehicle that can travel 300 miles without refueling.
This range is longer than any existing fuel cell vehicle and comparable to those powered by gasoline - with a fuel system compact enough to sit under the vehicle floor. The zero-emission Natrium, Chrysler's third-generation fuel cell vehicle, was unveiled today in Sacramento at the Electric Vehicle Association of the Americas' Electric Transportation Industry Conference & Exposition. "The fuel for the fuel cell has long been a critical question in the design of safe, reliable, clean energy fuel cell cars," said Thomas Moore, Vice President, DaimlerChrysler's Liberty & Technical Affairs research and development group. "We are very encouraged by the sodium borohydride-based system from Millennium Cell. The fuel is energy dense, safe to store and use, generates pure hydrogen and can be recycled."
Millennium Cell's Hydrogen on Demand solution generates hydrogen from sodium borohydride, which is derived from sodium borate, commonly known as borax. Dissolved in water and passed through a proprietary catalyst chamber, the sodium borohydride releases a perfect stream of pure hydrogen - on demand - to power a fuel cell or an internal combustion engine. The fuel's byproduct is water and borax. In the Natrium, the stream of hydrogen fuels the fuel cell, producing the electricity needed to drive the vehicle's electric motors.
"It is always gratifying to work with a world leading company, and the vision of the Liberty and Technical Affairs team at DaimlerChrysler for a clean, safe vehicle that delivers on consumer expectations for range and performance aligns with our goals," said Dr. Stephen Tang, Millennium Cell President and CEO. "Our Hydrogen on Demand(TM) fuel system is now being validated for transportation use by its integration into the Natrium, and we can move forward into more commercial applications of the technology."
Millennium Cell's renewable fuel solution produces a completely safe hydrogen fuel product based on abundant natural materials.
It generates energy in a closed loop system, with the fuel byproduct regenerated into fresh fuel. New process technology for regeneration is anticipated to have a favorable impact on the overall economics of the system.
"Hydrogen on Demand is a simple yet elegant solution, unparalleled for safely carrying and storing hydrogen," said Rex Luzader, Millennium Cell Vice President, Business Development for Transportation and Hydrogen-Fuel Infrastructure. "The Natrium demonstrates that this is a technology that can be used today in vehicles indistinguishable in comfort and efficiency from those already in production."
About Millennium Cell
Founded in 1998, Millennium Cell is based in Eatontown, NJ and is focused on developing new, clean and abundant energy sources. Millennium Cell has invented and developed a proprietary process called Hydrogen on Demand(TM) that safely generates pure hydrogen or electricity from environmentally friendly raw materials. In the process, the energy potential of hydrogen is carried in the chemical bonds of sodium borohydride, which in the presence of a particular catalyst either releases hydrogen or produces electricity. The primary input components of the reaction are water and sodium borohydride, a derivative of borax. Borax is found in substantial natural reserves globally. Millennium Cell technology can be applied in transportation and portable power, including micro-power and long-life batteries.
The company is traded on NASDAQ under the symbol MCEL. For more information on Millennium Cell, visit www.millenniumcell.com or call Investor Relations at 732-544-5727.
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