Millennium Cell and Gecko Energy Technologies to Demonstrate Fuel Cell Powered Wireless Camera at Homeland Defense Conference.EATONTOWN, N.J. -- Millennium Cell Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : MCEL MCEL Model Coupling Executable Library ), a leading developer of hydrogen battery technology, today announced that Millennium Cell and Gecko gecko (gĕk`ō), small or medium-sized lizard of the family Gekkonidae. The more than 300 species are distributed throughout the warm regions of the world, mostly in the Old World. Despite folklore to the contrary, their bite is not poisonous. Energy Technologies, an affiliate of the Company, have developed a fuel cell powered wireless camera prototype system with infrared An invisible band of radiation at the lower end of the visible light spectrum. With wavelengths from 750 nm to 1 mm, infrared starts at the end of the microwave spectrum and ends at the beginning of visible light. sensing and audio capability. This is the first integration of Millennium Cell's Hydrogen on Demand(R) sodium borohydride Sodium borohydride, also known as sodium tetrahydroborate, has the chemical formula NaBH4. This white solid, usually encountered as a powder, is a specialty reducing agent used in the manufacture of pharmaceuticals and other organic and inorganic compounds. fuel technology and Gecko's PowerSkin(TM) fuel cell technology into a hydrogen battery. The integrated hydrogen battery demonstrates the potential for fuel cells in low power, long run-time devices. This piece of equipment fits a critical need in homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States and defense applications for longer lasting power sources for wireless sensors see mote. and networks, remote surveillance equipment and portable device recharging applications. The device will be shown today alongside other solutions under development by the Company's licensees at the Homeland Defense Conference sponsored by InSitech at the U.S. Army's Picatinny Arsenal The Picatinny Arsenal (IPA: /ˈpɪkətɪni/ or /ˌpɪkəˈtɪni/ ("Picatinny") in Morris County, NJ. Picatinny is home to the U.S. Army's Armament Research, Development and Engineering Center, ("ARDEC ARDEC Armament Research Development and Engineering Center (US Army) ARDEC Agence Rwandaise pour le Développement et la Coopération ") whose mission is to provide research, product development and full life cycle engineering for ammunition This article is largely based on the article in the out-of-copyright 11th edition of the Encyclopdia Britannica, which was produced in 1911. It should be brought up to date to reflect subsequent history or scholarship (including the references, if any). , weapons, fire control, systems, explosives, propellants, and pollution prevention technology. Adam Briggs, Millennium Cell's President stated, "We have made substantial progress in our product development efforts with Gecko There is growing demand for better power sources in many markets including homeland security and defense and we intend to continue our work with Gecko in addressing these needs." Ronald Kelley, President of Gecko commented, "This is our first opportunity to exhibit our technology to decision makers in the military and homeland security. Our efforts with Millennium Cell have enabled us to broaden the applications for our technology and expand our potential market reach." 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. About Gecko Energy Technologies Gecko Energy Technologies creates new ways to power personal electronics that give device makers unprecedented design freedom. Gecko's PowerSkin(TM) technology helps product developers strike the ideal balance between power-supply performance and customer-enticing design. Gecko enables its clients to innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. highly mobile devices that are energy economical and aesthetically delightful. For more information, visit www.geckoenergy.com. Cautionary Note Regarding Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2005. |
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