Millennium Cell Inc. recently announced that a non-binding letter of
intent has been signed with U.S. Borax, Inc. Millennium Cell and
Borax are discussing the possibility of entering into a joint
research agreement aimed at developing the process for converting
sodium borates to sodium borohydride. "Borax is the world's leading
authority on borate chemistry and its experts have considerable
technical knowledge on borates, boron hydrides and inorganic
chemistry," said Curt Cornell, Millennium Cell vice-president,
Business Development/Supply Chain. "Their knowledge and experience
complements the work we're doing at Millennium Cell to commercialize
our hydrogen generation technology. We are eager to define ways for
us to work together to create a new process for the supply of sodium
borohydride."
"Millennium Cell has come up with a very exciting endeavor that
could help conserve the world's natural resources and provide an
environmentally friendly alternative to fossil fuels," said Dr. Paul
J. Zerella, U.S. Borax chief technology officer. "We look forward to
working with them to determine a chemical pathway for the manufacture
of sodium borohydride for use in fuel cells."
For additional information, call (732) 542-4000, or visit
http://www.milleniumcell.com or http://www.borax.com.
