Telegen Holds Board Meeting SAN MATEO, Calif., May 14 /PRNewswire-FirstCall/ -- Telegen Corporation (Pink Sheets: TEGN) announced today that Duncan Troy, Richard Herring and Richard Sellers, recently elected to the board of directors by a vote of Telegen shareholders, have accepted their nominations. In a meeting of the Board of Directors held yesterday, May 13, 2004 at 11AM, Mr. Troy was appointed Chair of the Board and VP of Intellectual Property, Dr. Herring was appointed President and CEO, and Mr. Sellers was appointed VP of Operations. About Telegen Telegen Corporation is a high technology company headquartered in San Mateo, California. Telegen Corporation's subsidiaries include Telegen Display Corporation and Telisar Corporation. Telegen and its subsidiaries invent, develop, and commercialize innovative technology products in the wireless, communications, cable and broadcast, and flat panel display markets. Telegen's patented HGED(TM) technology is designed to bring clarity, brightness, and cost-effectiveness to flat panel displays. Telegen's wireless business unit is developing its InterTenna(TM) line of integrated antennas for the wireless industry. Telisar Corporation makes digital television products for today's cable and TV broadcast industry. Telegen's stock is quoted on the Pink Sheets under the symbol TEGN. Forward-looking statements contained in this press release are made under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could materially affect future results. The words "forecast," "estimate," "project," "intend," "expect," "should," "believe," "plan", "scheduled" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance [financial or operating] or achievements to differ from the future results, performance [financial or operating] or achievements expressed or implied by such forward-looking statements. Additional discussion of these and other factors affecting the Company's business and prospects is contained in the Company's periodic filings with the Securities and Exchange Commission. DATASOURCE: Telegen Corporation CONTACT: Richard Sellers, +1-425-246-2722, for Telegen Corporation Web site: http://www.telegen.com/

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