HYDG Hydrogen Corp (MM)

HydroGen Corporation (Nasdaq: HYDG), a designer and manufacturer of multi-megawatt air-cooled phosphoric acid fuel cell (PAFC) systems, today announced the mechanical completion and initiation of pre-commissioning activities of the Company�s full-scale 400 kW commercial demonstration PAFC power plant at Ashta Chemicals Inc.�s chlor-alkali plant in Ashtabula, Ohio. This commercial demonstration PAFC power plant will utilize by-product hydrogen gas produced by the chlor-alkali plant to generate electric power, heat, and water for the chlor-alkali plant�s use. In addition, HydroGen Corporation announced the completion and successful testing of a newly-manufactured 2.5 kW stack. While combinations of �vintage� Westinghouse and HydroGen-manufactured components have previously been tested in the Company�s 2.5 kW test plant, this HydroGen-manufactured stack fully validates the Company�s production processes and methods. The stack started up and is performing exactly to its start-of-life specifications, achieving a major milestone in the validation of the Company�s manufacturing capabilities as it produces the first complete 400 kW module for demonstration at the Ashta commercial demonstration power plant. �The commercial demonstration PAFC power plant at Ashta Chemicals Inc. will enable us to showcase our technology in an industrial setting representing a key target market segment for the Company. Our field team has designed and built a world class plant. Now we enter the pre-commissioning and preparation phase, the necessary precursors to accepting newly-produced 400 kW modules at the plant for testing and demonstration,� commented Dr. Leo Blomen, Chairman and Chief Executive Officer of the Company. Said Josh Tosteson, HydroGen President, �Today�s announcements follow the recent news that our full-scale 400 kW fuel cell demonstration and acceptance test plant in Versailles, Pennsylvania, is operational and being tested. These further developments in Versailles and at Ashta are indicative of the tremendous progress the Company is making in the end-stage commercialization and field validation of our technology, and in systematically progressing through our stated development milestones for 2007.� About HydroGen Corporation HydroGen Corporation, through its wholly-owned subsidiary, HydroGen, LLC, is a developer of multi-megawatt fuel cell systems utilizing its proprietary 400 kW phosphoric acid fuel cell (PAFC) technology. Utilizing fuel cell technology originally developed by Westinghouse Corporation, the company targets market applications where hydrogen is currently available and other drivers favoring the adoption of fuel cells are present. Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward-looking statements in this news release include statements regarding HydroGen's anticipated economically competitive fuel cell systems. Factors which could cause actual results to differ materially from these forward-looking statements include such factors as fluctuations in demand for HydroGen's products, HydroGen's ability to maintain strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of HydroGen's liquidity and financial strength to support its growth, and other information that may be detailed from time to time in HydroGen's filings with the United States Securities and Exchange Commission. HydroGen undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.