Millennium Cell Technology to Power Intel Demonstration at the 23rd International Battery Seminar and Exhibit.

EATONTOWN, N.J. -- Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology, announced today that it will be providing a fuel cell power source for Intel's demonstration of their proposed notebook PC Mobile Power System (MPS) at the 23rd International Battery Seminar and Exhibit from March 13th to March 16th. The seminar will take place at the Broward County Convention Center in Fort Lauderdale, Florida. The demonstration will be held at the Intel booth.

The MPS architecture addresses many issues with power sources, among them the desire to provide power sharing between a fuel cell and a notebook battery.

Millennium Cell will provide a prototype 15 watt hydrogen battery, composed of a thin PEM fuel cell and Millennium Cell's Hydrogen on Demand(R) fuel cartridge. The hydrogen battery will provide the power which will be managed by the MPS system to operate a notebook PC. The hydrogen battery is a sealed, single-use cartridge similar in size and shape to a traditional battery pack.

One of the highlights of this show will be a presentation of market research organized by the Mobile PC Extended Battery Life Working Group (EBLWG) of which Millennium Cell is a member. The research indicated a strong user and IT manager preference for an integrated fuel cell power system like the one being developed by Millennium Cell and showcased at this event. The research also suggests a willingness to pay more for this added functionality and mobility.

"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 https://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 http://millenniumcell.com.

Cautionary Note Regarding Forward-looking Statements:

This 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.