posted
been consolidating for many days now as the trading channel has tightened up, looks like we're breaking out of that channel today imo
Posts: 3257 | From: usa | Registered: Nov 2008
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posted
sympowerco is definitely on the forefront of this revolutionary technology that should be pretty valuable in the near future
Posts: 3257 | From: usa | Registered: Nov 2008
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posted
This is the most worthless stock I ever had the misfortune to put any money in.
Where`s that smilie of the man beating the dead horse?
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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quote:Originally posted by Luvthatmoney: the grant money is definitely going to speed up the production process here and help this company really succeed
Luv, WHAT GRANT MONEY?? Where did you find that they received a Federal Grant? I could not find it anywhere.
This stock is down 18% today!!!
What's the chart predicting next?
-------------------- Only ONE good stock away from retirement! Posts: 493 | Registered: May 2009
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posted
That grant news is weeks old... let me go try to find it...
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
Its on pp 10 - 14 of this thread. Here`s a bit:
SymPowerco CEO Comments on Federal Electric Vehicle Grants
GARDNERVILLE, NV -- (MARKET WIRE) -- 08/06/09 -- SymPowerco Corporation CEO John Davenport commented today on the $2.4 billion in federal funding for electric vehicle manufacturing that President Obama announced during his visit to Indiana. The funding included about $400 million to buy thousands of plug-in hybrid and all-electric vehicles for demonstration projects, $1.5 billion to foster an advanced vehicle battery industry in the U.S. and about $500 million granted to makers of electric drive components, power system and the other parts needed to make electric vehicles.
SymPowerco President and CEO John Davenport commented, "At SymPowerco, we believe that the funding for electric vehicle manufacturing announced by President Obama signals the beginning of a serious effort on the part of America to become the world leader in not only the research and development of electric vehicles, but also in the development of the resources, technologies and components required for efficient manufacturing of electric vehicles that can then be offered at the lowest cost.
"Federal support can drastically lower the cost of components such as batteries, electronic control systems and electric drives by encouraging early development and adoption of efficient, standardized and mass produced components. At SymPowerco we believe that this will shorten the timeline to market and substantially lower the cost of commercialization of our Flowing Electrolyte Direct Methanol Fuel Cell and Hybrid Power System technologies because we can expect to couple our unique fuel cell to 'off-the-shelf' components for most of our commercial applications."
Mr. Davenport further stated, "Not only can we benefit from funding granted directly to SymPowerco through our own application processes but we can benefit directly when funding is provided to other corporations and institutions that are developing the components we'll need to advance our own technologies. It's a win-win situation for the entire industry."
SymPowerco Corporation develops advanced fuel cell and power delivery systems for the rapidly growing personal transportation and portable power system markets. SymPowerco's soon-to-be majority-owned subsidiaries, HOSS Motor Sports and Highline Hydrogen Hybrids Systems, offer potentially expansive synergies and marketing opportunities with SymPowerco's Flowing Electrolyte Direct Methanol Fuel Cell and Hybrid Power System technologies.
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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Obama Admin To Award $2.4 Bln For Advanced Batteries 6:00 AM ET 8/5/09 | Dow Jones By Siobhan Hughes and Henry Pulizzi
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--U.S. President Barack Obama on Wednesday will announce $2.4 billion in grants to developers of next-generation car batteries and parts, aiming to develop a domestic electric-vehicle industry that creates U.S. jobs and reduces demand for oil.
The announcement comes as Obama administration officials fan out across the country to talk up the economy and hail the progress of the $787 billion economic stimulus package, which the White House says is beginning to show results. Obama will take his pitch to Elkhart, Ind., his second appearance in the town, which has been battered by dwindling demand for the recreational vehicles long manufactured there.
Senior administration officials declined to identify the recipients of the money, which represents the total available for batteries under the stimulus package. The applicants included Johnson Controls Inc. (JCI), Ener1 Inc. (HEV), and A123 Systems Inc., whose biggest investors include General Electric Co. (GE). The grants will go, in large part, to Michigan and Indiana.
The U.S. lacks a vibrant car-battery industry, relying on foreign companies for the batteries used in domestically produced hybrid vehicles. The Obama administration wants to change that, predicting that pumping money into an electric-vehicle program will simultaneously create tens of thousands of jobs and help pull the U.S. out of its worst unemployment in more than 25 years.
"It's recapturing the spirit of innovation that has always moved America forward," said Diana Farrell, the deputy director of the National Economic Council, in a call with reporters.
The spending will set up an important test of whether the Obama administration's spending will have lasting results or will prove fleeting. Rechargeable batteries come with challenges, such as recycling and malfunctions. Another issue is how to generate high levels of power from small, lightweight equipment. The U.S. also lacks the infrastructure to allow drivers to recharge their batteries on the road.
The grant money will be a boon to Michigan and Indiana, which have been decimated along with the auto industry. Of 48 projects that are to receive awards, 11 are located in Michigan and seven are in Indiana, according to Matt Rogers, a senior Energy Department advisor. The two states will receive the biggest chunk of money.
That is promising for Johnson Controls, which is building a battery factory in Michigan with support from Ford Motor Co. (F), and A123 Systems Inc., whose manufacturing is largely based in China but which also has plans to build a manufacturing facility in Michigan. A Johnson Controls spokeswoman said that company executives will be on hand on Wednesday in Detroit, where U.S. Vice President Joe Biden is to speak.
Ener1, which has facilities in Indiana, is another company that could benefit. Another award hopeful is Polypore International Inc.'s (PPO) Celgard LLC, a supplier of parts that prevent batteries from shorting by separating the anode from the cathode. U.S. Energy Secretary Steven Chu will appear at Celgard in Charlotte, North Carolina, on Wednesday.
The awards follow intense competition in which battery makers hired lobbyists, appealed to home-state lawmakers, and hired outside consultants. A total of 257 companies applied for the $2.4 billion in grants, with one out of every five projects receiving a grant. Combined, the companies had sought $9.6 billion, many times the amount available.
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
I haven`t seen where they`ve received any monies yet...
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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quote:Originally posted by Ticker: I haven`t seen where they`ve received any monies yet...
Here's the grant info:
SymPowerco Releases Details of Government Grant GARDNERVILLE, NV -- (Marketwire) -- 07/29/09 -- SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport today revealed details of the terms of the recently announced government grant in support of the development of the company's unique Flowing Electrolyte Direct Methanol Fuel Cell ("FEDMFC"). Polygenic Power Systems, Inc. ("PPSI"), SymPowerco's majority-owned subsidiary, was recently informed by the Ontario Centres of Excellence ("OCE") that it was successful in its application for a grant from the OCE's Centre of Excellence for Energy. The Centre of Excellence for Energy, a part of Ontario's Centres of Excellence, was created to address the significant challenges and opportunities posed by the current energy situation in Ontario, Canada. The Centre invests in and promotes cutting-edge research collaborations between industry and colleges, universities and research hospitals. The Centre's objective is to foster innovation in energy markets, systems and technologies. The Centre works with industry to solve problems by engaging the brightest minds at Ontario's universities and colleges in the challenges faced by businesses.
The grant has been approved in support of the FEDMFC development project to be undertaken by the Department of Mechanical and Aerospace Engineering at Carleton University in Canada's capital city, Ottawa, Ontario, in collaboration with PPSI, which is jointly owned by SymPowerco (70%) and Hybrid Energy Technologies of Toronto, Canada (30%). The total value of the project has a cash and "in kind" value of CDN $1,040,655. SymPowerco CEO, John Davenport, commented, "We at SymPowerco are very excited and pleased that the lengthy application process for this grant has been so successful. Our application went through an exhaustive process of evaluation and peer review. The peer reviews were conducted by academics from various universities and research organizations and by successful business people. They were all chosen by the Ontario Centres of Excellence and were all anonymous to SymPowerco. We believe this process and the grant funding is very confirming of the importance and viability of SymPowerco's Flowing Electrolyte Direct Methanol Fuel Cell technologies." SymPowerco Corporation develops advanced fuel cell and power delivery systems for the rapidly growing personal transportation and portable power system markets. SymPowerco's soon-to-be majority-owned subsidiaries, HOSS Motor Sports and Highline Hydrogen Hybrids Systems, offer potentially expansive synergies and marketing opportunities with SymPowerco's Flowing Electrolyte Direct Methanol Fuel Cell and Hybrid Power System technologies. 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.
posted
expecting a good move in the power hour to at least close this even, would be nice to recover and close green today
Posts: 3257 | From: usa | Registered: Nov 2008
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posted
with the recent government grant, the profits for the next fiscal year here should be a great improvement and add much value to the pps
Posts: 3257 | From: usa | Registered: Nov 2008
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posted
want to see a good bounce from this level in this power hour, time to see the .001s getting hit now
Posts: 3257 | From: usa | Registered: Nov 2008
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posted
the company seems due for an update as well, should be seeing news sometime news, that ought to get the momo back in here as well
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Polygenic Power Systems, Inc. ("PPSI"), SymPowerco's majority-owned subsidiary, was recently informed by the Ontario Centres of Excellence ("OCE") that it was successful in its application for a grant from the OCE's Centre of Excellence for Energy.
:::snip:::
The grant has been approved in support of the FEDMFC development project to be undertaken by the Department of Mechanical and Aerospace Engineering at Carleton University in Canada's capital city, Ottawa, Ontario, in collaboration with PPSI, which is jointly owned by SymPowerco (70%) and Hybrid Energy Technologies of Toronto, Canada (30%). The total value of the project has a cash and "in kind" value of CDN $1,040,655.
:::snip:::
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
yet another day where the bollies are even tighter than the day before here on the daily chart, more than ready to make a move here
Posts: 3257 | From: usa | Registered: Nov 2008
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posted
would like to break back into the double zeros early here to get it out of the way
Posts: 3257 | From: usa | Registered: Nov 2008
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posted
even if those companies' financial info isn't outstanding, it should still put our stock price at a much higher level imo
Posts: 3257 | From: usa | Registered: Nov 2008
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posted
can't get enough of the win-win situation the company talks about, nice to see the grants to other companies will also help sympowerco as well
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