The enhancements proposed under this program should result in a Hydrogen on Demand® system with more energy storage capability than previously demonstrated with a solid fuel composition that has infinite shelf life. We expect that the technology resulting from this program will deliver up to four times the energy density of military batteries in use today and will be made available to our licensees for implementation into future products.

"We are very pleased to have the opportunity to develop the next generation of our Hydrogen on Demand technology for the U.S. military. Together with our partners, we now have several research and product development programs underway with the U.S. Army, Air Force, Special Operations Command, and now the Navy to develop products which use our Hydrogen on Demand system," commented H. David Ramm, Millennium Cell Chief Executive Officer. "As our licensees' products mature towards procurement by military and commercial customers, we look forward to supporting them with continuously improving hydrogen storage technology."

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://www.millenniumcell.com.