Millennium Cell Receives $4M Air Force Order

Millennium Cell Inc. (NASDAQ: MCEL), a developer of hydrogen battery technology, has received a $4 million order from the Air Force Research Laboratory (“AFRL”) to develop the next generation of sodium borohydride based fuel cartridge technology to address higher energy density targets for future power sources. The initial $0.5 million phase of work under this the contract will support new technology development for the soldier power program at AFRL. Integration and evaluation of advanced fuel cartridges compatible with the Protonex 30 watt soldier power system as well as other potential fuel cell systems is planned in later phases of this delivery order. This system is currently under evaluation by the Air Force.