HydroGen Corporation Names Retired Dow Chemical Executive to Advisory Board

Business Wire,  Nov 1, 2006  

Tags: advisory board, The Dow Chemical Co.

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William Jewell Also Appointed as Senior Sales Consultant

CLEVELAND -- HydroGen Corporation (OTCBB: HYDG), a designer and manufacturer of multi-megawatt air-cooled phosphoric acid fuel cell (PAFC) systems, today announced the appointment of Mr. William Jewell to the company's advisory board. In this position, Mr. Jewell will advise the HydroGen Corp. management team on issues ranging from sales and marketing initiatives to strategic planning and opportunities within the energy industry. Additionally, Mr. Jewell will assist the company in its sales efforts as a Senior Sales Consultant.

"As HydroGen Corp. advances through our development stage, we come to an important milestone for the company: growing an advisory board that will help take the company to the next level," said Dr. Leo Blomen, HydroGen Chairman and CEO. "Bill Jewell is an ideal member of our advisory board, with decades of energy, chemical industry and hydrogen-related experience to counsel our team on various strategic issues. Additionally, his contacts in these industries will support out expanded sales initiatives as we effect our company's transition from the development to the commercial stage."

Mr. Jewell retired from Dow Chemical in July 2006 after more than 41 years with the company where he held a series of operational planning, financial and marketing jobs. Most recently, he was located in Shanghai as the VP for Hydrocarbons & Energy for Dow Greater China, where he was focused on launching Dow's effort on a coal-to-H2/CO-to-methanol based petrochemical project, as well as a coastal refinery project for China. Prior to and concurrently with this assignment, Mr. Jewell was the Business VP for Energy from 1996 through 2006 where, among other projects, he grew hydrogen sales to over $200MM from an initial $3MM when he took over.

During Mr. Jewell's tenure, he led Dow's Energy Efficiency and Conservation program, and he championed and implemented with the Energy Business department the Dow/GM fuel cell program. Over a period of years, Mr. Jewell was also a panelist on energy efficiency with U.S. Department of Energy, a member of the Governor's Texas Energy Future Task Force, and a speaker at numerous natural gas-related conferences including. He has testified before House Energy Subcommittees and communicated with Dow shareholders about natural gas.

Mr. Jewell joined Dow's U.S. Area Hydrocarbons and Energy Department in 1973 as a business analyst. He then became the Business & Financial Services Manager, and later the Commercial Development Director, for Hydrocarbons & Energy. During this period, was key member of small teams that negotiated and established Dow's gasification and cogeneration projects.

Mr. Jewell holds a Master's of Business Administration from the University of Chicago and a Bachelor of Science Degree in Civil Engineering from the University of Kentucky.

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.

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