Visiteur non identifié - Connexion - Inscrivez-vous
Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of
hydrogen battery technology, today confirmed that its Hydrogen on
Demand(R) technology provided the energy storage for a record-breaking
nine hour flight of AeroVironment's (NASDAQ:AVAV - News) PUMA. The
PUMA, a small unmanned air vehicle (UAV) was powered by Protonex
Technology Corporation's (LSE:PTX - News) Pulse(TM) UAV fuel cell
system, which incorporated Millennium Cell's Hydrogen on Demand(R)
technology for its energy storage. Protonex has been a licensee of the
Company since 2004. The nine-hour flight duration more than triples
the duration of Puma's standard battery-only operation.
"We have a successful ongoing collaboration with Protonex and the
U.S. Air Force Research Laboratory and we are delighted to have
supported this record shattering flight by these partners," said Adam
Briggs, President, Millennium Cell. "We believe the results of this
flight strongly demonstrate the strengths of a fuel cell system
combined with our Hydrogen on Demand(R) technology versus batteries in
UAV applications."
"Increased endurance and payload capacity are critical
capabilities that are not feasible with current battery technology
being used in small unmanned aerial vehicles today," stated Dr. Paul
Osenar, Chief Technology Officer, Protonex. "The final, successful
extended duration capability demonstrated through this program with
AFRL and AeroVironment yields significant opportunity for Protonex to
enable new missions with small UAVs that are faster to deploy at
considerably less cost for a wide range of military and commercial
applications."
About Millennium Cell
http://millenniumcell.com
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.
About Protonex Technology Corporation
www.protonex.com
Protonex Technology Corporation develops and manufactures compact,
lightweight and high performance fuel cell systems for portable power
applications in the ten to 1000-watt range. The Company's fuel cell
systems are designed to meet the needs of military and original
equipment manufacturer (OEM) customers for off-grid applications
underserved by existing technologies by providing customizable,
stand-alone portable power solutions and systems that may be
hybridized with existing power technologies. The Company is based in
Southborough, Massachusetts.
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, 2006.
Sélectionnez votre lecteur de news préféré ci-dessous :
Ou bien intégrez le flux XML dans votre agrégateur RSS par défaut : 
