SymPowerco Discusses Development Plans for 2010
January 22 2010 - 6:30AM
Marketwired
SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport
announced today that the company has completed a broad assessment
of the current state of its technologies and of its various
technical and business relationships with the objective of
maximizing their values to shareholders.
As a result of the reviews, SymPowerco has developed a
multi-faceted development plan for 2010, the details of which will
be announced in the days and weeks ahead. The objectives of the
plan will be the much more rapid development of the company's core
technologies.
Stated CEO John Davenport, "During the last year, there have
been many developments in various technologies, services and
markets that are of great interest to SymPowerco. With the
rebounding economy and the increasing interest in alternative
energy and technologies, the company is planning to accelerate the
development of its current technologies and to create new
initiatives to expand our technology base and future commercial
opportunities. Many initiatives are already underway and the
company looks forward to presenting its plans to shareholders."
SymPowerco Corporation develops advanced fuel cell and power
delivery systems for the rapidly growing personal transportation
and portable power system markets that are being created by today's
energy and environmental challenges.
Except for historical information contained herein, the matters
set forth above may be forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ from those in the forward-looking statements. Words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to the Company or its management,
identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well
as assumptions made by and information currently available to
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors such as the level of business and consumer
spending, the amount of sales of the Company's products, the
competitive environment within the industry, the ability of the
Company to continue to expand its operations, the level of costs
incurred in connection with the Company's expansion efforts,
economic conditions in the industry and the financial strength of
the Company's customers and suppliers. The Company does not
undertake any obligation to update such forward-looking statements.
Investors are also directed to consider all other risks and
uncertainties.
Contact: Investor Relations: 775-636-8486 Email Contact: Email
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