The reduction in the number of independent directors on the Board of Directors came as result of the appointment of John J. Freeh, the former Lead Independent Director, to the position of Chief Executive Officer of HydroGen Corporation on November 10. At present, the Company's board consists of 8 members, 4 of whom are independent directors.

The Company expects to increase the size of its Board of Directors to nine members by adding one additional independent director to achieve compliance with the rule. The Nominating Committee of the Board of Directors has begun a search to select this additional independent director.

Mr. Freeh, the Company's Chief Executive Officer, stated, "We are well on our way to achieving compliance with Nasdaq's independent director requirements, and recognize this as a great opportunity to add an additional director with a unique skill set that will add value to the Company."

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. Advancing 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.