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  September 5, 2001
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Home > Company Index > Manufacturing > Miscellaneous Electrical Products > Millennium Cell LLC

Millennium Cell LLC
Nasdaq: MCEL
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 PROFILE
Millennium Cell is in hot pursuit of a cleaner, greener source of energy. The development-stage company's patented Hydrogen on Demand system uses a boron chemistry process to generate pure hydrogen from safe raw materials. In this process, the energy potential of hydrogen is stored in sodium borohydride. Then, in the presence of a catalyst, hydrogen is produced which can be used to generate electricity in a fuel cell or battery. The system can also be used in internal combustion engines that have been modified to burn hydrogen. Millennium Cell has built a hydrogen system for an SUV prototype and is working with DaimlerChrysler to develop the technology for future vehicles. GP Strategies owns 22% of the company.

 COMPETITION
Ballard Power Systems Inc. (BLDP)
H Power Corp. (HPOW)
Plug Power Inc. (PLUG)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.10
1-Yr. Sales Growth: 0.0%
Employees: 38
Revenue per employee: $2,631.58

 KEY PEOPLE
• Stephen S. Tang
    CEO
• Norman R. Harpster
    CFO

 CONTACT INFO
1 Industry Way West
Eatontown, NJ 07724
US
Phone: 732-542-4000
Fax: 732-542-4010
Online: Web Site

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