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HydroGen (HYDG) RSS Feed

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1
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15
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Posts (Total)
66
Created
10/17/06
Type
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http://www.hydrogenllc.net Shares Outstanding 12.77mil 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. Advancing fuel cell technology originally developed by Westinghouse Corporation, the Company targets market applications where hydrogen or natural gas are available, and other drivers favoring the adoption of fuel cells are present. HydroGen Corporation Ships First 400 kW Fuel Cell Module CLEVELAND, Feb. 25, 2008 (PRIME NEWSWIRE) -- HydroGen Corporation (NasdaqCM:HYDG - News), a designer and manufacturer of multi-megawatt air-cooled phosphoric acid fuel cell (PAFC) systems, announced today that it has produced and delivered its first 400 kW module ahead of its previously announced commitment date of March 7, 2008. The PAFC module was shipped to the Company's 400 kW commercial demonstration power plant at the chlor-alkali facility owned and operated by ASHTA Chemicals, Inc. in Ashtabula, Ohio on February 22, 2008. John Freeh, CEO of HydroGen, commented: ``The delivery of the ASHTA module validates our production process and is an important element in our marketing efforts. Operating our module at this industrial site will allow us to demonstrate its effectiveness to potential customers. I congratulate the men and women of our Versailles manufacturing plant for achieving this important milestone.' HydroGen Corporation and Samsung Corporation Enter Into a Series of Strategic Cooperation Agreements for the Sale, Marketing and Distribution of Fuel Cell Power Plants CLEVELAND and SEOUL, Korea, Jan. 15, 2008 -- HydroGen Corporation (NasdaqCM:HYDG - News) and Samsung Corporation announced today that they have entered into a series of strategic cooperation agreements. 8k filing http://sec.gov/Archives/edgar/data/1124394/000114420408002464/v099762_8k.htm Upon entering into the LNG Distribution Agreement and subject to Samsung obtaining the requisite internal and regulatory approvals, Samsung has agreed to purchase shares of the common stock of the Company for an aggregate purchase price of not less than $5 million. Letter of Intent for Sale of Initial 5 MW Fuel Cell Plant Signed The parties have concurrently entered into a non-binding Letter of Intent for the sale by HydroGen to Samsung of an initial hydrogen-based fuel cell power plant of 5 MW, and have agreed to negotiate toward a definitive purchase agreement by March 31, 2008. Agreement for Natural Gas Market Anticipated in mid-2008 Additionally, HydroGen has agreed to produce, within 6 months, a design for multi-megawatt PAFC power plants operating on natural gas based on specifications established by the parties. This work builds upon prior design work that has been completed and previously announced. Upon satisfactory completion of the design, the parties plan to enter into an Exclusive Distribution and Marketing Agreement for multi-megawatt PAFC power plants fueled by natural gas. Institutional/Insider Trades http://finance.yahoo.com/q/it?s=HYDG
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