Ceilidh

Michael Zey
futurist3000@aol.com

  Millennium Cell will lead a team which includes The Dow Chemical Company ("Dow"), EWI and NextEnergy, to develop critical manufacturing technology that will reduce the overall process and product costs of hydrogen storage technology for near-term implementation in portable power applications. NCMS funding towards the 15 month effort should begin in the third quarter.

  Adam P. Briggs, President of Millennium Cell, commented, "We are delighted to be selected by NCMS for this program and look forward to working with an outstanding team to develop low cost manufacturing technology as we transition our hydrogen battery fuel cartridges from prototypes to commercially viable products."

  The NCMS award will accelerate Millennium Cell's joint development program with Dow to collaborate on the development and commercialization of portable fuel cell systems.  

  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. For more information, visit www.millenniumcell.com.  

  About The Dow Chemical Company  

  Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. For further information, visit Dow's web site at www.dow.com.  

  About EWI  

  Based in Columbus, Ohio, EWI is North America's largest engineering and technology organization dedicated to welding and materials joining. EWI's staff provides materials joining assistance, contract research, consulting services and training to over 3,300 member company locations representing world-class leaders in the aerospace, automotive, defense, energy, heavy manufacturing, medical and electronics industries. For more information, please visit www.ewi.org.  

  About NextEnergy Center  

  NextEnergy is a non-profit corporation founded to advance business and community development by promoting technologies that strengthen the nation's energy security and Michigan's economy. The state-of-the-art NextEnergy Center and related energy infrastructure supports research, development, education, and outreach through collaboration among automotive, military, and energy company interests. For more information, visit www.nextenergy.org.  

  About NCMS  

  The National Center for Manufacturing Sciences (NCMS) is the largest cross-industry collaborative research and development consortium in North America, and is the only consortial effort in the U.S. devoted exclusively to manufacturing technologies, processes and practices. NCMS has nearly 20 years of experience in the formation and management of complex, multi-partner collaborative R&D programs, and is backed by corporate members representing virtually every manufacturing sector. For more information, visit www.ncms.org or hydrogen.ncms.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 secure government funding of our research and development and technology demonstration projects, (v) our ability to enter into agreements with collaborators and strategic partners and the failure of our collaborators and strategic partners to perform under their agreements with us, (vi) 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, (vii) our ability to protect our intellectual property, (viii) our ability to achieve budgeted revenue and expense amounts and (ix) other factors detailed from time to time in Millennium Cell's filings with the Securities and Exchange Commission.

Millennium Cell Inc. Media:                John Battaglini, 732-542-4000 or Investors:           Brod & Schaffer, LLC Betsy Brod / Jonathan Schaffer, 212-750-5800

07/25/2005 07:15 ET