Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology, has acquired Gecko Energy Technologies, Inc. through a merger of Gecko with a subsidiary of the company.
Millennium Cell had previously owned approximately 34% of the outstanding shares of Gecko. In February of 2006, the companies entered into a three year agreement to focus on development of Gecko’s PowerSkin(TM) fuel cell technology to support the application of hydrogen batteries in portable electronic devices.
Since that time, the collaboration has resulted in the development and small scale manufacturing of PowerSkin(TM), a thin passive planar fuel cell module that could be a leap forward in the architecture of power sources for portable devices. Earlier this year the companies collaborated to power a wireless camera and have received interest in these power sources from a number of potential customers. The two companies will initially focus on developing fuel cell power products to address military and consumer electronics applications that require less than 20 watts of power.
“Our joint development programs with Gecko have convinced us that their fuel cell products will be successful in handheld devices and sensors that are used by both commercial and military applications,” says Adam Briggs, President, Millennium Cell. “Prospective OEM partners prefer a complete solution to their power needs and the integration of Millennium Cell’s Hydrogen on Demand® fuel cartridge technology with Gecko’s thin planar PowerSkin(TM) fuel cells provides a high performance solution at a lower cost than any other fuel cell 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.
Loading...