CLEVELAND--(BUSINESS WIRE)--Dec. 27, 2006--HydroGen Corporation (OTCBB: HYDG), a designer and manufacturer of multi-megawatt air-cooled phosphoric acid fuel cell (PAFC) systems, today announced the appointment of three new members to its Board of Directors. Mr. Brian T. McGee, Mr. Michael E. Basham and Mr. Philip J. Kranenburg, CPA join the Board as directors, expanding HydroGen's Board to eight members, including executive directors Dr. Leo Blomen, HydroGen's Chairman and CEO, and Joshua Tosteson, HydroGen's President. In addition, Messrs. McGee, Basham and Kranenburg will serve as members of the company's Audit Committee.

Dr. Blomen said, "HydroGen will benefit greatly from the insights and knowledge that Brian, Michael, and Phil bring to our company. All possess considerable financial and management leadership experience, which will facilitate HydroGen's development as a revenue-producing enterprise. We welcome these outstanding individuals to our board and look forward to benefiting from their wise counsel."

Mr. McGee, 46, possesses more than twenty years of experience in business and financial management with a number of companies ranging in size. Most recently, he was Vice President and Chief Financial Officer of Lexar Media, Inc. which was acquired by Micron Technology earlier this year. Prior to joining Lexar, Mr. McGee was Vice-President and Chief Financial Officer with Equator Technologies,Inc. from 2000 to 2003. Additionally, Mr. McGee has held senior executive positions at SmartAge.com from 1999 to 2000 and Academic Systems from 1998 to 1999, among others. He holds a Certificate in Management Accounting (CMA) and a BS in Finance from California Polytechnic State University, San Luis Obispo.

With an extensive career in financial services as well as government, Mr. Basham, 57, currently serves as Executive Vice President, Finance & Planning for Howard Energy Co., a private energy investment firm. Previously, he was with Ernst & Young LLP where he served as Principal/Financial Services Management Consulting Group from 1996 to 1998. From 1994 to 1995 Mr. Basham also served as Executive Vice President/Head of Capital Markets for First Fidelity Bank. He has also held positions with the U.S. Department of the Treasury from 1989 to 1991 serving as Deputy Assistant Secretary for Federal Finance and Acting Assistant Secretary for Domestic Finance. Previously, he has held positions with Smith Barney Shearson and Wertheim Schroeder, among others. Mr. Basham holds an MBA from the University of South Carolina and a BS from the University of Southern Mississippi.

Mr. Kranenburg, 46, serves as Managing Director of Kranenburg Capital Management, which manages the Kranenburg Fund. He brings to HydroGen expertise as a "hands-on" corporate manager; a tax, accounting and business valuation professional; and, an investment manager. At Gemplus from 1998 to 1999, he managed the product lines, which generated $100 million in revenues for the world's leading provider of conventional credit card and smart card-based software solutions. From 1999 to 2000, Mr. Kranenburg served as Director of Marketing at Xcert International, a provider of electronic security solutions, where he increased revenues significantly leading to the sale of the company to RSA Security. At Shearson Lehman from 1987 to 1994, Mr. Kranenburg managed portfolios and at Price Waterhouse he was responsible for various audit and consulting engagements, including clients such as Hewlett Packard and the divestiture of the Baby Bells from ATT. Mr. Kranenburg is a College of Marin Trustee focused on "greening" the campuses through a $249.5 million facilities bond. In addition, he is a graduate and member of the Environmental Forum of Marin as well as a member of the Marin Conservation League, the Sierra Club and the Marin Economic Commission, representing environmental organizations. Mr. Kranenburg earned his BA in Human Biology from Stanford University.

Joshua Tosteson, President of HydroGen Corporation, added "Given the advances we expect to make as a company in 2007, it is essential that we have the guidance and experience in place at the board level to support our strategic planning and business execution. Our board possesses a strong, balanced blend of skills and experience across all of the core areas critical to catalyzing HydroGen's growth and development. I join Leo in welcoming Brian, Michael, and Phil as new members of our board."

About HydroGen Corporation and HydroGen, LLC

HydroGen Corporation is a manufacturer of multi-megawatt fuel cell systems utilizing its proprietary 400-kilowatt phosphoric acid fuel cell (PAFC) technology. Utilizing fuel cell technology originally developed by Westinghouse Corporation, HydroGen Corporation offers a multi-megawatt, zero-emission power generation product that supports the growth of industrial distributed energy. 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.

Copyright Business Wire 2006

HydroGen Corporation

HydroGen Corporation

HydroGen Corporation (OTCBB: HYDG) designs and manufactures a 2MW power island utilizing proprietary phosphoric acid fuel cell (PAFC) technology originally developed by Westinghouse Corporation. The company targets its zero-emission power generation product for market applications where hydrogen is currently available and other drivers favoring the adoption of fuel cells are present. HydroGen™s core product is built up from five 400kW air-cooled PAFC modules, each composed of four 100 kW sub-stacks within one pressure vessel. HydroGen uses standard balance-of-plant components with little customization. This approach, unique to fuel cells but common in chemical plant construction, significantly reduces cost and technical risk.

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