Millennium Cell/Aperion to develop clean backup power.
"This is an exciting development for Millennium Cell and we are very pleased to be working with an aggressive partner like Aperion," said Adam Briggs, Millennium Cell vice president, Distributed Generation. "We believe the market for clean and quiet backup power in telecom and other stationary applications is accessible now and that our fuel systems, as a component of the Aperion solution, meet current market needs."
"After testing the Hydrogen on Demand (TM) fuel technology, we believe that this safe, energy dense hydrogen fuel delivery system will fit very well as the hydrogen source in our complete fuel cell systems," said William J. (Bill) Bock, Aperion's president and CEO. "We believe there is demonstrated market demand for such an integrated solution and are eager to meet it."
Under the terms of the two-year Cooperative Development Agreement, Aperion has purchased a development Hydrogen on Demand(TM) system and will design, build and test commercial sodium borohydride-based fuel supply system prototypes for telecommunications and utility backup power applications.
These Hydrogen on Demand (TM) systems will be integrated with Aperion partner fuel cell products for field deployment and evaluation by Aperion's customers. Upon commercialization, Aperion will license Millennium Cell's technology and purchase catalysts from Millennium Cell as a component of Aperion's products.
For more information about Millennium Cell, visit http://www.millenniumcell.com or call 866/532-2783.
For more information about Aperion Energy Systems, visit http://www.aperionenergy.com or call 866-AES-POWR (866/2377697)
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|Title Annotation:||Millennium Cell Inc. and Aperion Energy Systems in development agreement|
|Article Type:||Brief Article|
|Date:||Sep 1, 2002|
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