MCEL - Millennium Cell Awarded GSA Federal Supply Schedule Contract
LOW O/S and still under $1.40
SPEA is still my main play today and should fly. This has good 15% - 20% potential.
12/17/2004 8:38:00 AM
EATONTOWN, N.J., Dec 17, 2004 (BUSINESS WIRE) -- Millennium Cell Inc. ( MCEL ), a leading technology development company that offers a proprietary process to safely store, generate and deliver pure hydrogen, announced today it has received a U.S. General Services Administration ("GSA") Federal Supply Schedule contract. This contract gives U.S. Federal agencies, including the Department of Defense, as well as state and local government agencies the ability to purchase Millennium Cell's products and related services in a streamlined manner at negotiated rates. Millennium Cell's GSA contract number is GS-23F-0058R.
Under the GSA Schedule Program, long-term government-wide contracts with commercial firms are established to provide access to over 4 million commercial services and products that can be ordered directly from GSA Schedule contractors or through the GSA Advantage!(R) online shopping and ordering system. The increased visibility and ease of ordering provided by this contract is an important element of Millennium Cell's long-term strategy to further the use of its Hydrogen on Demand(R) energy solutions by government and military customers.
H. David Ramm, Millennium Cell Interim President and CEO, commented, "We are very pleased to receive this contract which will enable us to offer government customers a streamlined and efficient way to purchase our products and related services. This contract provides us with access to thousands of buyers at all levels in government agencies and substantially increases our ability to market our solutions to these buyers."
About Millennium Cell
Millennium Cell Inc. is engaged in the development of a next generation energy source for use primarily in consumer electronics, portable power devices and standby power systems as well as in selected transportation applications. The Company's innovative and proprietary Hydrogen on Demand(R) systems safely generate high-quality hydrogen through the use of sodium borohydride. This chemical compound is non-combustible, high in energy density, easily distributed, and convenient for consumer use. Millennium Cell is developing technology in partnership with corporate and government entities. For more information, visit www.millenniumcell.com
