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Millennium Cell Agrees to Supply up to 250 Chemical Hydride Canisters for the South Carolina Fuel Cell Challenge.

Millennium Cell and Jadoo Power Systems Chosen as Fuel Cell Technology Providers

EATONTOWN, N.J. -- Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology, today announced that it has agreed to supply up to 250 Hydrogen on Demand[R] fuel canisters for delivery in mid-2007 to South Carolina as part of the Greater Columbia Fuel Cell Challenge. The canisters will provide the hydrogen fuel for Jadoo's line of N-Gen Fuel Cell Power Units and XRT Extended Runtime Accessories targeted for use with emergency responders, Homeland Security and other "off-grid" power support applications in Columbia, South Carolina.

The initial units will be manufactured by Millennium Cell utilizing manufacturing techniques developed under its 15 month National Center for Manufacturing Sciences (NCMS) program which began in late 2005. The objective of this program is to increase the manufacturability of fuel canisters using Millennium Cell's technology. Collaborators on this ongoing program include The Dow Chemical Company, EWI, and NextEnergy.

With over 2200 W-hrs runtime, the XRT is ideal for off-grid, critical applications such as portable radio and laptop battery recharging, powering mobile law enforcement surveillance installations as well as providing back-up power for critical communication devices like satellite phones and modems.

The XRT uses six metal hydride canisters for hydrogen fuel storage today, which weigh approximately 30 total pounds. With the new chemical hydride-based fuel canister jointly developed by Millennium Cell, the XRT will deliver the same runtime with half the fuel canister weight.

"This program provides an ideal opportunity to implement manufacturing knowledge developed under the NCMS program and gives us the experience to add additional canister manufacturing capacity to support Jadoo's launch of commercially available units later in 2007," said Adam Briggs, President. "The market for our Hydrogen on Demand[R] technology in industrial market applications is beginning to emerge and we are excited to work with Jadoo Power Systems to meet that demand."

"Jadoo and Millennium Cell are leading the way in portable fuel cell development," said Larry Bawden, President and CEO, Jadoo Power. "Providing power flexibility within our line of N-Gen and XRT products, as well as delivering necessary fuel options in the future are critical steps to supporting the largest variety of portable power applications."

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

About Jadoo Power Systems

Jadoo Power Systems, Inc. is a market-focused company that develops and sells next-generation, portable energy storage and power generation products. Jadoo is the largest supplier of fuel cell products to the portable power space. Jadoo is financed by Mohr Davidow Ventures, Venrock Associates and Sinclair Ventures, a wholly owned subsidiary of Sinclair Broadcast Group, Inc.

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, 2005.
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Publication:Business Wire
Date:Oct 27, 2006
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