Millennium Cell CEO Speaking Today on Consumer Demands in the Coming Hydrogen Economy
LAS VEGAS--Dec. 1, 20030, 2003--Dr. Stephen S. Tang, Millennium Cell President and CEO, will be speaking today at Power-Gen International, in Las Vegas, Nevada. As an invited panelist on Hydrogen Strategies, Tang will discuss poll results that identify consumer demands for the coming hydrogen economy. He will also highlight Millennium Cell's work in consumer electronics and standby power. Millennium Cell is a leading technology company that has created a proprietary technology to safely store, generate and deliver pure hydrogen.Tang will review a Harris Poll commissioned this year by Millennium Cell and its partner U.S. Borax Inc., a division of Rio Tinto, which indicates that 85 percent of Americans are willing to try a new hydrogen-based fuel for their vehicles. While the early adopter markets for hydrogen fuel cells are consumer electronics and standby energy systems, Tang will highlight the importance of consumer demand in the impending shift in the transportation industry. Dr. Tang will follow the poll results with examples of new technology for consumers, military and other uses.
Safety and cost are the two most important factors for consumers when asked about hydrogen fuels. Millennium Cell's Hydrogen On Demand(TM) hydrogen system is safe, flexible and environmentally friendly. It is an attractive alternative to existing technologies for many applications, solving the critical problems related to the use of hydrogen as a fuel: safe, cost effective and energy dense storage and generation of pure hydrogen gas.
The Millennium Cell technology provides a disposable or recyclable source of pure hydrogen that can be used with fuel cells of all sizes (from micro fuel cells that power notebook personal computers and cell phones to primary propulsion fuel cells for transportation applications) or fed to internal combustion engines. When used with a fuel cell, the only emission is water vapor. As a liquid fuel it is compatible with existing infrastructure for liquid petroleum fuels, produces about the same amount of energy per gallon as that of gasoline, and is safe to produce, store, and transport.
The Hydrogen on Demand(TM) system 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.
Hydrogen on Demand(TM) systems are scalable to applications from small (notebook personal computers, cellular phones and personal digital assistants) to medium (auxiliary power units for standby power to boats, scooters) to large (automobiles).
Power-Gen International is expecting 20,000 power generation professionals from 75 countries at the conference which opened yesterday and runs through tomorrow.
About Millennium Cell
Founded in 1998, Millennium Cell is based in Eatontown, NJ, and has developed a multi-faceted patent portfolio, which the company is pursuing in the United States and internationally surrounding a proprietary process called Hydrogen on Demand(TM). The Hydrogen on Demand(TM) system safely generates pure hydrogen 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 catalyst releases hydrogen. The primary input components of the reaction are water and sodium borohydride, a derivative of borax. Borax is found in substantial natural reserves globally. Hydrogen from this system can be used to power fuel cells or fed directly to internal combustion engines. Millennium Cell also has a patented design for boron-based longer-life batteries. For more information visit www.millenniumcell.com or call 866-532-2783.
Cautionary Note Regarding Forward-looking Statements:
