Q3 for Millennium Cell and the miltary future

Millennium Cell has just posted improved Q3 results, although still making a loss.

The company calls itself the "Hydrogen Battery Technology Company" and sees its future markets as military, medical, industrial and consumer.

Of particular recent interest here though is the military market, for which they have developed a 30 watt battery pack together with Protonex Technology Corporation.

The U.S. Army is funding the development of a portable 30 watt soldier power product (the "P2").

MC CEO H. David Ramm said "We expect the Air Force to begin field testing early next year and Protonex to begin low volume shipments to support this effort in early 2006".  Mr. Ramm continued, "While the military has clearly emerged as our lead market in the near term, we view the P2 as an attractive replacement for batteries in selected applications in the medical and industrial markets".

This won't be the first time that military investment has made possible a product on consumer markets.