| Business Summary | | Millennium
Cell
Inc.
has
invented,
patented
and
developed
Hydrogen
on
Demand,
a
proprietary
process
that
safely
generates
pure
hydrogen
or
electricity
from
environmentally
friendly
raw
materials.
In
the
process,
the
energy
potential
of
hydrogen
is
carried
in
the
chemical
bonds
of
sodium
borohydride,
which,
in
the
presence
of
a
catalyst,
release
hydrogen
or
produce
electricity.
The
primary
input
components
of
the
reaction
are
water
and
sodium
borohydride,
a
derivative
of
borax,
which
is
found
globally
in
substantial
natural
reserves.
Hydrogen
from
this
system
can
be
used
to
power
fuel
cells,
as
well
as
fed
directly
to
internal
combustion
engines.
In
addition,
the
Company
has
a
patented
design
for
boron-based,
longer-life
batteries.
The
process
can
be
used
to
generate
hydrogen
for
use
by
fuel
cells
in
the
production
of
electricity;
generate
hydrogen
for
use
by
modified
internal
combustion
engines;
and
power
longer-life
batteries. | More from
Market Guide: Expanded
Business Description |
| Financial Summary | | Millennium
Cell
Inc.
is
an
emerging
technology
company
engaged
in
the
development
of
a
patented
alternative
energy
source
based
on
boron
chemistry,
generating
energy
in
the
form
of
hydrogen
or
electricity.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenue.
Net
loss
totaled
$9.5
million,
up
from
$2.6
million.
Higher
loss
reflects
increased
product
development
and
marketing,
personnel
and
non-cash
compensation
costs. | More from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| G. Chris Andersen, 62 Chairman | -- | Stephen Tang, Ph.D., 40 Pres, CEO, Director | $277K | Norman Harpster, 49 VP of Fin. and Admin., CFO ans Corp. Sec. | -- | Katherine McHale, 45 VP of Marketing and Communications | -- | Steven Amendola, 46 VP, and Chief Scientific advisor | 377K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More from
Market Guide on Officers & Directors: Expanded List, Bios,
Compensation, Options
|
|