SymPowerco Advances Timeline for Fuel Cell Specifications
February 22 2010 - 4:11PM
Marketwired
SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport states
that the company's recently announced fuel cell prototype project
has prompted inquiries about the availability of the company's
Flowing Electrolyte Direct Methanol Fuel Cell ("FEDMFC"). As a
result, the company will answer the inquiries with an expanded call
for specifications that SymPowerco must meet in order for OEMs to
adequately test SymPowerco's alpha-stage FEDMFCs as they become
available.
Stated SymPowerco CEO, John Davenport, "We are very pleased with
the responses to the announcement that we are developing a new
FEDMFC prototype. It was immediately clear that interest in our
future products could encompass a wider variety of OEM and consumer
requirements than we had originally considered. As a result, we are
moving the timeline forward on the design of power output
configurations, power interface standards and other operating
designs and parameters that are needed for our intended markets.
This aspect of SymPowerco's plans will run concurrently with the
FEDMFC prototype project."
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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