SymPowerco Corporation Renames Subsidiary to Polygenic Power Corp
February 12 2010 - 3:59PM
Marketwired
SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport
announced today that the company has received approval to change
the name of its wholly owned subsidiary, 1259529 Alberta Limited,
to Polygenic Power Corp ("PPC").
Effective immediately, Polygenic Power Corp will be responsible
for the implementation of the development plans for SymPowerco's
various technologies. SymPowerco recently completed a broad
assessment of its technologies and opportunities and will soon
announce various initiatives in support of its development
plans.
Stated CEO, John Davenport, "Polygenic Power Corp will operate
within SymPowerco and will develop technologies for SymPowerco. As
the owner of PPC, SymPowerco will retain the rights to all PPC
developments. The name 'Polygenic' reflects the genesis of various
technologies within SymPowerco and symbolizes the company's desire
to move forward on multiple fronts."
"I want to add that SymPowerco is grateful for the patience of
its shareholders during this extended period while we developed our
plans for what we hope will be an exciting year for our
company."
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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