SOURCE: Hydrogen Engine Center, Inc.

February 26, 2007 12:07 ET

Micros Report Initiates Coverage of Hydrogen Engine Center With Favorable Report

DALLAS, TX -- (MARKET WIRE) -- February 26, 2007 -- Micros Report is pleased to announce the release of its recently completed Research Report covering Hydrogen Engine Center, Inc. (OTCBB: HYEG), discussing both the company and the emerging Alternative Power Industry. The report is available at http://www.mn1.com/pdf/HYEG_Final.pdf. Micros Report Director of Research, Michael A. Willingham, authored the report -- which includes an estimated Fair Value Target Range for HYEG of $5.72 to $8.33 per share. Willingham stated in his report:

--  "...the HYEG fair value was calculated by comparing the company's
    current market value with that of competitors with similar accomplishments
    to date."
--  "The base fair value of $5.72 is computed by calculating an average
    market capitalization of industry competitors... The average market
    capitalization in this industry segment is $155 million and the current
    HYEG market cap is $88 million.  Simply bringing HYEG in-line with current
    competitors equates to a current share price of $5.72."
    
This comprehensive report initiates research coverage on Hydrogen Engine Center http://www.mn1.com/pdf/HYEG_Final.pdf. Interested parties can read the entire report for insight into the Alternative Power Industry and how Hydrogen Engine Center has positioned itself to be a part of the solution.

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