Chiste Corporation Changes Name to HydroGen Corporation, Effects a 1-for-25 Reverse Split of Common Stock
Friday August 19, 2:11 pm ET
JEFFERSON HILLS, Pa.--(BUSINESS WIRE)--Aug. 19, 2005--Chiste Corporation, a developer and manufacturer of multi-megawatt air-cooled phosphoric acid fuel cell (PAFC) systems through its operating subsidiary, HydroGen LLC, announced today that it has changed its corporate name to HydroGen Corporation (OTCBB:HYDG - News; the "Corporation") and completed a 1-for-25 reverse split of the Corporation's common stock. Prior to the reverse split, the Corporation had 186,189,958 shares of common stock issued and outstanding. On a post-reverse split basis, the Corporation now has a total of 7,447,599 shares issued and outstanding.
About HydroGen Corporation and HydroGen, LLC
HydroGen Corporation, through its wholly-owned subsidiary, HydroGen, LLC, is a developer of multi-megawatt fuel cell systems utilizing its proprietary 400-kilowatt phosphoric acid fuel cell technology. This subsidiary will continue to operate as HydroGen LLC, with principal operations currently based in Jefferson Hills, PA. 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.
Contact:
HydroGen Corp & HydroGen LLC
Joshua Tosteson, 412-405-1000
President
or
Scott Schecter, 412-405-1000
Chief Financial Officer
. |
