MIAMI, Nov 3, 2003 (BUSINESS WIRE) -- Protium, the world's first fuel cell-powered rock band, fueled by Millennium Cell's Hydrogen on Demand(TM) hydrogen fuel system, will perform on Tuesday, November 4, 2003 as part of the 2003 Fuel Cell Seminar in Miami, Fl.

A high school rock band from Glocester, R.I., Protium will headline at the Manufacturer's Reception at the Eden Roc Hotel. Their sound system is powered by a 1kW fuel cell fueled by the Millennium Cell hydrogen delivery system.

"Millennium Cell is proud to provide its new 1.5kW rack mount Hydrogen on Demand(TM) system to the students from Ponaganset High School and their science teacher, Ross McCurdy," said Dr. Stephen S. Tang, Millennium Cell President and CEO. "Our fuel system provides Protium and their audience with a new way of experiencing "unplugged" performances. Ross is using an extraordinary hands-on approach to teaching science and Millennium Cell is happy to be blazing these trails along with him." For further information about using these systems, Millennium Cell will be at Booth 808 at the 2003 Fuel Cell Seminar.

The band is one way that Ross McCurdy teaches his students about the coming hydrogen economy. He plans to incorporate fuel cell technology as part of the entire science department curriculum. Protium will play three 40-minute sets from 6 p.m. to 10 p.m. on Tuesday night. Their song list includes rock, blues, and jazz selections.

Millennium Cell's Hydrogen On Demand(TM) system provides a recyclable source of pure hydrogen that can be used with fuel cells of all sizes (from micro fuel cells that power cell phones to primary propulsion fuel cells for transportation applications) or fed to internal combustion engines. When used with a fuel cell, the only emission is water vapor. As a liquid fuel it is compatible with existing infrastructure for liquid petroleum fuels, produces about the same amount of energy per gallon as that of gasoline, and is safe to produce, store, and transport.

The Hydrogen on Demand(TM) system generates hydrogen from sodium borohydride, which is derived from sodium borate, commonly known as borax. Dissolved in water and passed through a proprietary catalyst chamber, the sodium borohydride releases a perfect stream of pure hydrogen - on demand - to power a fuel cell or an internal combustion engine. The fuel's byproduct is water and borax.

Hydrogen on Demand(TM) systems are scalable to applications from small (cellular phones and personal digital assistants) to medium (auxiliary power units for standby power to boats, scooters) to large (automobiles.) Because Millennium Cell's hydrogen generation technology is safe, flexible and environmentally friendly, it is an attractive alternative to existing technologies for many applications, solving the critical problems related to the use of hydrogen as a fuel: safe, low-cost and energy dense storage and generation of pure hydrogen gas.

About Millennium Cell

Founded in 1998, Millennium Cell is based in Eatontown, NJ and has developed a multi-faceted patent portfolio, which the company is pursuing in the United States and internationally surrounding a proprietary process called Hydrogen on Demand(TM). The Hydrogen on Demand(TM) system safely generates pure hydrogen 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 releases hydrogen. The primary input components of the reaction are water and sodium borohydride, a derivative of borax. Borax is found in substantial natural reserves globally. Hydrogen from this system can be used to power fuel cells or fed directly to internal combustion engines. Millennium Cell also has a patented design for boron-based longer-life batteries. For more information, visit www.millenniumcell.com or call 866-532-2783.

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.

SOURCE: Millennium Cell