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Millennium Cell Gets $2.5 Million in 2007 Defense Bill

Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology, announced that the Company’s soldier power program has been allocated $2.5 million of funding in the fiscal year 2007 Defense Appropriations Bill. Under the bill, the U.S. Air Force funded soldier power program will receive a second consecutive year of funding for advanced fuel cartridge development with a goal to reach aggressive energy density targets which cannot be met with traditional battery chemistries. The 2006 Defense Bill provided approximately $1.7 million in total funding, which resulted in the delivery of Protonex Technology Corporation’s 30-watt portable soldier power system (the “P2”) for evaluation to the U.S. Air Force in May of this year. New technology developed under the 2007 funding will result in higher energy density fuel cartridges for products from the Company’s licensees including the P2 from Protonex and the IFS24 Special Operations Command radio fuel cell system from Jadoo Power Systems. About Millennium Cell Millennium Cell develops hydrogen battery technology through a patented chemical process that safely stores and delivers hydrogen energy to power portable devices. The borohydride-based technology can be scaled to fit any application requiring high energy density for a long run time in a […]

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Dell to Launches Free Recycling in U.S.

Dell’s (NASDAQ:DELL) free recycling program for U.S. customers is available online today (Sept. 29). It includes home pick-up of used Dell-branded computers and peripheral equipment at no-charge. The service is not tied to a replacement purchase. Customers enter a product identification number online and print a pre-paid shipping label and an opportunity to schedule home pick-up for shipping the used computer. Dell has offered a no-charge recycling program for Dell-branded products in Europe since November 2003 and currently offers no-charge consumer recycling in Canada. The company announced a global recycling commitment in June that is expected to be implemented by November. Dell supports a policy that would make all producers responsible for offering recovery and recycling services for their own brand products from consumers at no charge. Dell also believes the marketplace is best positioned to increase efficiency in collection, recycling and design of products, and any legislation should not include fees or creation of new government infrastructure for collecting and recycling electronics. Website: [sorry this link is no longer available]     

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Global Warming Promo on MTV Tonight

Tonight, MTV begins airing a 30-second promo developed in partnership with the World Resources Institute (WRI) and other partners to raise awareness about the problem of climate change. The promo features musicians from several bands -including Blackalicious, Rusted Root, Death Cab for Cutie, Matisyahu and others – urging MTV’s viewers to take immediate action to fight global warming. “We all have a stake in doing something about climate change, and we have to act on the right information,” said WRI Managing Director Paul Faeth, who – along with other WRI experts and partners – helped brief the featured musicians during backstage sessions at this summer’s Bonnaroo Music and Arts Festival in Tennessee. “This partnership with MTV helps us get the facts to an important audience.” The promo spot is debuting at a time when young people are demonstrating a dramatic shift in how they view environmental issues. “In our latest MTV/CBS News poll, 81 percent of young people say steps need to be taken right away to counter global warming,” said Ian Rowe, vice president, Strategic Partnerships and Public Affairs, MTV. “By making this public-service announcement part of MTV’s year-long Break the Addiction campaign, we can further educate and mobilize […]

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SunPower Enters Ingot Joint Venture

SunPower Corporation (Nasdaq: SPWR), a leading solar panel manufacturer, has entered into a joint venture with Woongjin Coway to manufacture mono-crystalline silicon ingots. The joint venture will operate in Korea, with polysilicon to be supplied primarily from DC Chemical, Korea’s largest chemical company, with whom SunPower previously announced a major supply agreement. SunPower expects to purchase approximately $250 million of silicon ingot from the joint venture through a five-year supply agreement, which SunPower expects to execute upon formation of the joint venture. The venture is expected to begin manufacturing in the second half of 2007, and is projected to grow at a rate consistent with increasing polysilicon supply from DC Chemical. SunPower will contribute approximately $5 million of capital and technology expertise, and will sell polysilicon to the joint venture, and procure silicon ingot from the joint venture. SunPower’s joint venture partner, Woongjin Coway, is a Korean equipment manufacturer and one of Korea’s leading providers of environmental products. Woongjin Coway will contribute a similar level of capital, as well as operations and Korean marketing expertise. “SunPower is committed to expanding its silicon portfolio,” said PM Pai, chief operating officer, of SunPower Corporation. “Investing in a Korean- based ingot pulling enterprise […]

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