Chiste Corp., a developer and manufacturer of multi-megawatt, air-cooled phosphoric acid fuel cell (PAFC) systems through its operating subsidiary, HydroGen LLC (Jefferson Hills, PA), announced that it has changed its corporate name to HydroGen Corp. (Cleveland, OH) 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.
HydroGen Corp., a developer of multi-megawatt fuel cell systems utilizing its proprietary 400 kW PAFC technology, will continue to operate as HydroGen LLC, with principal operations currently based in Jefferson Hills. Utilizing fuel cell technology originally developed by Westinghouse Corp., the company targets market applications where hydrogen is currently available and other drivers favoring the adoption of fuel cells are present.