UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officer; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Named Executive Officer Base Salary Adjustment
On April 24, 2024, the Board Directors of NewHydrogen, Inc. (the “Company”) approved an increase to the base salary of Steven Hill, the Company’s Chief Executive Officer, resulting in a base salary of $285,000, effective May 1, 2024.
Item 8.01 Other Events.
On April 23, 2024, the Company issued a press release announcing that in a recent podcast the Company’s Chief Executive Officer, Steve Hill, spoke with Dr. David Blekhman, a professor at Cal State University Los Angeles about diverse hydrogen technology applications. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
| Exhibit Number | Description | |
| 99.1 | Press Release dated April 23, 2024 | |
| 101 | Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language) | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NewHydrogen, Inc. | |
| Date: April 25, 2024 | /s/ David Lee |
| David Lee | |
| Chairman and President |
Exhibit 99.1
NewHydrogen CEO Steve Hill Discussed Diverse Hydrogen Tech Applications with a Cal State Los Angeles Professor
Dr. David Blekhman shared insights on innovative use of hydrogen, solar power, battery storage, electrolyzers, and fuel cells for energy independence
SANTA CLARITA, Calif. (April 23, 2024) — NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop™, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today announced that in a recent podcast the Company’s CEO Steve Hill spoke with Dr. David Blekhman, a professor at Cal State University Los Angeles about diverse hydrogen technology applications.
Dr. Blekhman also serves as technical director for the Hydrogen Research and Fueling Facility and is a regular contributor on Forbes.com regarding innovative uses of hydrogen, solar power, battery storage, electrolyzers, and fuel cells for residential energy independence.
The conversation spanned from innovative off grid power solutions to the application of hydrogen in extreme sports, such as Formula 1 and Extreme H and its potential to drive innovation and interest in hydrogen technology. Dr. Blekhman also presented a case study of Hyundai’s hydrogen trucking program in Oakland and Switzerland, which showed the viability of hydrogen for long-distance transport. The program has logged over four million miles in a promising example of hydrogen’s application in real-world scenarios.
Regarding the inherent challenges of scaling up hydrogen production Dr. Blekhman observed, “I would like to emphasize the importance of developing cost-effective hydrogen production methods to make it mainstream. I believe that hydrogen should be as cheap as the market allows.”
Dr. Blekhman expressed his excitement for the future of hydrogen technology, highlighting the need for workforce development and education in cutting-edge hydrogen technologies. He also emphasized the potential for a hydrogen revolution and the emergence of new professions in the field.
Dr. Blekhman received a Ph.D. in Mechanical Engineering from the University of Buffalo, SUNY. His research interest includes Hydrogen Infrastructure, Alternative and Renewable Energy, Fuel Cells, Hybrid and Electric Vehicles, Automotive Applications, Fuel Reforming, Combustion, Thermal and Fluid Systems, CFD, Data Acquisition and Instrumentation, Rotating Machinery. Dr. Blekhman is listed as a Google Scholar at https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=Dr.+David+Blekhman&btnG=
The full podcast episode featuring Dr. David Blekhman is available on https://newhydrogen.com/videos/ceo-podcast/david-bleckham-cal-state-university-los-angeles.
For more information about NewHydrogen, please visit https://newhydrogen.com/.
About NewHydrogen, Inc.
NewHydrogen is developing ThermoLoop™ – a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we can’t live without it. Hydrogen is the key ingredient in making fertilizers needed to grow food for the world. It is also used for transportation, refining oil and making steel, glass, pharmaceuticals and more. Nearly all the hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and limited resources. Water, on the other hand, is an infinite and renewable worldwide resource. Currently, the most common method of making green hydrogen is to split water into oxygen and hydrogen with an electrolyzer using green electricity produced from solar or wind. However, green electricity is and always will be very expensive. It currently accounts for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of making electricity, and fundamentally lower the cost of green hydrogen. Inexpensive heat can be obtained from concentrated solar, geothermal, nuclear reactors and industrial waste heat for use in our novel low-cost thermochemical water splitting process. Working with a world class research team at UC Santa Barbara, our goal is to help usher in the green hydrogen economy that Goldman Sachs estimated to have a future market value of $12 trillion.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, the impact on the national and local economies resulting from terrorist actions, the impact of public health epidemics on the global economy and other factors detailed in reports filed by the Company with the United States Securities and Exchange Commission.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investor Relations Contact:
NewHydrogen, Inc.
ir@newhydrogen.com
Cover |
Apr. 23, 2024 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Apr. 23, 2024 |
| Entity File Number | 000-54819 |
| Entity Registrant Name | NEWHYDROGEN, INC. |
| Entity Central Index Key | 0001371128 |
| Entity Tax Identification Number | 20-4754291 |
| Entity Incorporation, State or Country Code | NV |
| Entity Address, Address Line One | 27936 Lost Canyon Road |
| Entity Address, Address Line Two | Suite 202 |
| Entity Address, City or Town | Santa Clarita |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 91387 |
| City Area Code | (661) |
| Local Phone Number | 251-0001 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |