Millennium Cell and Jadoo Form Strategic Alliance

Millennium Cell Inc. has entered into a strategic development and licensing agreement with Jadoo Power Systems Inc. The agreement will allow Jadoo to license Millennium Cell’s Hydrogen on Demand® technology for development and commercialization within Jadoo’s current line of product offerings.

Adam Briggs Millennium Cell President, commented, "This agreement is an important step forward in Millennium Cell’s strategy to broaden our access to military and commercial portable power markets. Jadoo is a recognized industry leader; the first to develop commercial products and market channels for portable fuel cells. We look forward to collaborating with Jadoo and leveraging their strength as a proven product developer."

Focused primarily on the professional broadcast and law enforcement markets for the past two years, Jadoo recently announced a move into such new markets as first responders and portable office users. The agreement will grant Jadoo the rights to design, manufacture and sell products using Millennium Cell’s technology for their targeted markets. The Millennium Cell Hydrogen on Demand® technology will provide Jadoo with a high energy density, safe and cost-effective fuel cartridge to complement their existing fuel cell power units.

"We have been selling one of the lowest cost fuel cell solutions in the market - around $1000 - for over two years now," said Larry Bawden, President and CEO, Jadoo Power. "Millennium Cell’s technology will allow us to provide a lighter, longer runtime option for our current products and will allow us to continue to pursue and dominate new markets."

On the Web (links open in a new window):
Jadoo Power Systems Inc.
Millennium Cell Inc.