Millennium Cell and Aperion Announce Agreement

August 11, 2002 by Jeff Shepard

Millennium Cell Inc. (Eatontown, NJ) and Aperion Energy Systems (Jefferson City, MO) announced a formal development agreement to integrate Millennium Cell's Hydrogen-on-Demand fuel technology into the fuel cell systems manufactured and marketed by Aperion. Under the terms of the two-year cooperative development agreement, Aperion has purchased a development Hydrogen-on-Demand system and will design, build and test commercial sodium-borohydride-based fuel supply system prototypes for telecommunications and utility backup power applications. The systems will be integrated with Aperion partner fuel cell products for field deployment and evaluation by Aperion's customers.

"This is an exciting development for Millennium Cell and we are very pleased to be working with an aggressive partner like Aperion," said Millennium Cell Vice President of Distributed Generation Adam Briggs. "We believe the market for clean and quiet backup power in telecom and other stationary applications is accessible now and that our fuel systems, as a component of the Aperion solution, meet current market needs."

"After testing the Hydrogen-on-Demand fuel technology, we believe that this safe, energy-dense hydrogen fuel delivery system will fit very well as the hydrogen source in our complete fuel cell systems," said Aperion President and CEO William Book. "We believe there is demonstrated market demand for such an integrated solution and are eager to meet it."