Millennium Cell Announces Closing on Joint Development Program with The Dow Chemical Company
On April 21, 2005, the Company received shareholder approval for the potential issuance of MCEL shares under NASDAQ marketplace rules of over 20% to The Dow Chemical Company as part of the joint development program. Accordingly, on April 25, 2005, Millennium Cell issued 155,724 shares of its Series A Preferred Stock to Dow. With the closing on the program, Millennium Cell looks forward to collaborating with Dow on the development and commercialization of hydrogen batteries for use in consumer electronics and military applications. The batteries will be based upon Millennium Cell's patented Hydrogen on Demand(R) technology in conjunction with Proton Exchange Membrane (PEM) fuel cells.
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Topic World Battery Technology
The topic world Battery Technology combines relevant knowledge in a unique way. Here you will find everything about suppliers and their products, webinars, white papers, catalogs and brochures.