Millennium Cell Welcomes Edward Gerety as Government Affairs Director

[Millennium Cell via BizWire]

EATONTOWN, N.J.--(BUSINESS WIRE)--April 29, 2004--Millennium Cell
Inc. (NASDAQ: MCEL), a leading technology company that has created a
proprietary technology to safely store, generate and deliver pure
hydrogen, announced today that Edward Gerety has joined the Millennium
Cell team as the Government Affairs Director.
"Millennium Cell is pleased to have Edward join our team which we
have focused on developing relationship's within Congress, the
Agencies, and the Administration to advance our technology
development," said Rex Luzader, Vice President of Sales and Marketing.
"Edward will work closely with the firm of Patton Boggs who we have
engaged to assist us with legal advice concerning government
contracts."
"I am looking forward to further developing Millennium Cell's
relationship with the Hill and the Administration. It is exciting to
be involved in a technology company which is focused on reducing the
nation's dependence on fossil fuels," Gerety stated.
Gerety has ten years of experience working in the government and
public affairs forums. Prior to joining Millennium Cell's he served in
several Government Affairs shops in Washington, DC and as a Government
Relations Director and Political Action Committee Chairman in the
technology sector in New York and Atlanta. Gerety has worked on both
Republican and Democratic political campaigns and serves on the board
of several non-profit organizations in the economic, environmental and
youth arenas.
Gerety has a B.S. in Political Science and Business Administration
from New York University, a M.B.A. and M.A. in Public Policy from the
University of Georgia. Mr. Gerety will head the Washington, DC office
located in the historic district of DuPont Circle.

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.