Millennium Cell to Power Laptop with Hydrogen Energy System at Intel D

    Business Editors/Technology Editors
    Intel Developer Forum Spring 2005
    Booth #17

    SAN FRANCISCO--(BUSINESS WIRE)--Feb. 23, 2005--Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen energy systems, today announced that it will demonstrate a next generation product prototype to power a notebook PC at the Intel Developer Forum from March 1st through March 3rd at the Moscone Convention Center in San Francisco. Millennium Cell's technology will be on display in the Intel Pavilion at Intel's booth #17.
    Improving upon the previous system demonstrated at the Intel Developer Forum last fall, this system combines Millennium Cell's portable hydrogen fuel source technology with a PEM fuel cell to power an IBM X40 ThinkPad notebook PC. The fuel supply is contained in a sealed, single use cartridge similar in size and shape to a traditional battery pack, and the flat-panel passive (high efficiency) fuel cell affixes to the back of the PC's screen.
    This demonstration illustrates the next step in the Company's application of its technology to power consumer electronic devices without any loss of portability or functionality. The latest system includes a thin fuel cell that has appropriate dimensions to fit in the laptop and improved performance specifications from the previous version. With the advent of this latest product prototype, the Company remains on track to develop a power source which can meet the goal of all day wireless computing.
    "Once again, we are excited to be present at the forum, and we are particularly pleased to have our system in the Intel pavilion of the Intel Developer Forum technical showcase," said H. David Ramm, Millennium Cell President and CEO. "At the forum, we have an opportunity to show that our technology works and is appropriately sized for laptop use. As important, we gain further insight into the required performance specifications first hand from device manufacturers. Another objective of our attendance is to explore ways to collaborate with laptop OEM's to achieve the collective vision of all day wireless computing."
    Kamal Shah, Mobility Enabling Initiative Manager, Mobile Platforms Group, Intel Corporation and Chairman, Mobile PC Extended Battery Life (EBL) Working Group, commented, "Millennium Cell's demonstration of this next generation fuel cell prototype shows tangible progress toward the Extended Battery Life Working Group's primary objective of the realization of all-day battery life for mobile PCs."

    About Millennium Cell

    Millennium Cell Inc. is engaged in the development of next generation hydrogen energy systems for use primarily in portable electronic devices for the consumer, medical, military and industrial markets. These energy systems offer runtime, size, weight, safety and cost advantages versus existing solutions. Millennium Cell is developing this technology in partnership with corporate and government entities. For more information, visit http://millenniumcell.com.

    More information about EBL WG can be found at www.eblwg.org.

    Cautionary Note Regarding Forward-looking Statements:

    This press release may include statements that are not historical facts and are considered ``forward-looking'' within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Millennium Cell's current views about future events and financial performance. These forward-looking statements are identified by their use of terms and phrases such as ``believe,'' ``expect,'' ``plan,'' ``anticipate'', "on target" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Millennium Cell's expectations, and Millennium Cell expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to, the following: (i) the cost and timing of development and market acceptance of Millennium Cell's hydrogen fuel storage and delivery system, (ii) the cost and commercial availability of the quantities of raw materials required by the hydrogen fuel storage and delivery systems, (iii) competition from current, improving and alternative power technologies, (iv) our ability to raise capital at the times, in the amounts and at the costs and terms that are acceptable to fund the development and commercialization of our hydrogen fuel storage and delivery system, (v) our ability to protect our intellectual property, (vi) our ability to achieve budgeted revenue and expense amounts and (vii) other factors detailed from time to time in Millennium Cell's filings with the Securities and Exchange Commission.

--30--BS/ny*

CONTACT: For Millennium Cell: John D. Giolli, 732-542-4000

KEYWORD: CALIFORNIA NEW YORK TRACK INDUSTRY KEYWORD: HARDWARE SOFTWARE TRADESHOW PRODUCT SOURCE: Millennium Cell Inc.

Copyright Business Wire 2005