Millennium Cell and Peugeot Citroen Sign Deal
Millennium Cell Inc. (Eatontown, NJ) announced that an agreement has been signed with European automaker PSA Peugeot Citroën (Paris, France) to provide prototype hydrogen-on-demand fuel systems for evaluation and integration into electric-powered vehicles. The initial stage of the agreement calls for PSA Peugeot Citroën to purchase the fuel systems, with delivery early in 2002. Following successful evaluation and integration efforts, a joint development agreement is anticipated.
"PSA Peugeot Citroën has taken a very practical approach to bringing the fuel cell vehicle to market using its existing battery-powered taxi. We believe our hydrogen-on-demand fuel system provides important range-extending technology in a very compact package that no other hydrogen-storage alternative can provide," said Rex Luzader, Millennium Cell vice president, business development for transportation and hydrogen-fuel infrastructure.
"We believe that fuel cell technology will assume a major role in the automobile industry," said Pascal Hénault, PSA Peugeot Citroën vice president, automotive research and innovation. "In order for that to happen, development of a robust hydrogen fuel system to feed the fuel cell is critical. We are eager to begin collaborating with Millennium Cell to integrate the hydrogen-on-demand technology into our electric vehicles, and are at this point enthusiastic about the possibilities that the technology offers for the clean, safe, on-board generation of hydrogen without sacrificing range or performance."