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| Publication
date: 29-April-2004
Source:Millennium Cell |
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Millennium
Cell Inc. (NASDAQ: MCEL), a leading technology company that has created
a proprietary technology to safely store, generate and deliver pure hydrogen,
announced today that Edward Gerety has joined the Millennium Cell team
as the Government Affairs Director.
"Millennium Cell is pleased to have Edward join our team which we have focused on developing relationship's within Congress, the Agencies, and the Administration to advance our technology development," said Rex Luzader, Vice President of Sales and Marketing. "Edward will work closely with the firm of Patton Boggs who we have engaged to assist us with legal advice concerning government contracts." "I am looking forward to further developing Millennium Cell's relationship with the Hill and the Administration. It is exciting to be involved in a technology company which is focused on reducing the nation's dependence on fossil fuels," Gerety stated. Gerety has ten years of experience working in the government and public affairs forums. Prior to joining Millennium Cell's he served in several Government Affairs shops in Washington, DC and as a Government Relations Director and Political Action Committee Chairman in the technology sector in New York and Atlanta. Gerety has worked on both Republican and Democratic political campaigns and serves on the board of several non-profit organizations in the economic, environmental and youth arenas. Gerety has a B.S. in Political Science and Business Administration from New York University, a M.B.A. and M.A. in Public Policy from the University of Georgia. Mr. Gerety will head the Washington, DC office located in the historic district of DuPont Circle. 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: 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. These 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
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) our 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 our
hydrogen fuel storage and delivery system, (v) our ability to protect our
intellectual property, (vi) our ability to achieve budgeted revenue and
expense amounts and (vii) other factors detailed from time to time in Millennium
Cell's filings with the Securities and Exchange Commission.
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