SymPowerco Enters Phase II of Its Fuel Cell and HEV Projects
March 08 2010 - 6:30AM
Marketwired
SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport today
announced that the company has entered Phase II of its two
concurrent prototype projects, the Flowing Electrolyte Direct
Methanol Fuel Cell ("FEDMFC") Prototype Project and the Hybrid
Power System Project for small Hybrid Electric Vehicles.
Phase II of the FEDMFC prototype project will include materials
and equipment assessments for the various components that will
constitute the fuel cell stack and the prototype's Balance of
Plant. In addition, Phase II is intended to produce the complete
CAD/CAM design plans of the advanced components that are required
to satisfy the recently announced objectives of the program.
Phase II of the Hybrid Power System Project will include formal
assessments of the materials and equipment required to test several
types of power sources required for small Hybrid Electric Vehicle
drive systems.
Stated CEO, John Davenport, "Phase II is intended to take both
projects forward to the point of procurement of the equipment and
material required for the assembly of the prototypes. Many aspects
of Phase II are already at advanced levels of development and the
company hopes to complete the remaining Phase II elements in an
expedited manner."
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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