Article: United States: HydroGen, LLC Secures $2 Million in Bridge Financing From Samsung C&T Corporation and Federated Kaufmann Fund.

Byline: sanjayc03

HydroGen Corporationa designer and manufacturer of multi-megawatt air-cooled phosphoric acid fuel cell (PAFC) systems, today announced that the Company and HydroGen, LLC, the Companys wholly-owned subsidiary, entered into a Loan and Security Agreement on August 22, 2008 with Samsung C&T Corporation and Federated Kaufmann Fund pursuant to which Samsung and Federated Kaufmann have each agreed to loan $1 million to HydroGen, LLC in two equal installments. A first tranche of $1 million of the loan was released to HydroGen, LLC at the closing on August 22. A second tranche of $1 million will be released to HydroGen, LLC on or before September 30, ...

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