SymPowerco Fuel Cell Partner Advances Business Plan Date : 08/04/2009 * 4:48PM
SymPowerco Fuel Cell Partner Advances Business Plan
GARDNERVILLE, NV -- (Marketwire) -- 08/04/09 -- SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport announced today that the company's fuel cell partner, Hybrid Energy Technologies, Inc. ("HET") of Ontario, Canada, has advanced its business plan on several fronts and that HET's initiatives continue to support the planning and timing of SymPowerco's fuel cell development program. HET owns 30% of SymPowerco's majority owned (70%) subsidiary, Polygenic Power Systems, Inc. ("PPSI"), which manages all aspects of SymPowerco's Flowing Electrolyte Direct Methanol Fuel Cell (FEDMFC) program.
HET, which owns the exclusive rights to a unique flat-plate rechargeable battery technology, has informed SymPowerco that it has successfully completed Phase I of a study to determine the feasibility of mass producing its battery technologies and to determine the feasibility of constructing a high speed manufacturing facility at a certain location for the world market.
In addition, HET has advised SymPowerco that it has begun design and construction of various prototype flat-plate battery configurations that will be made available to its existing and potential customers for design and testing purposes.
SymPowerco President and CEO, John Davenport, commented, "SymPowerco owns the exclusive rights to use HET's flat-plate battery technologies in Hybrid Power Systems that use Direct Methanol Fuel Cells. We believe that the FEDMFC and the flat-plate battery technologies, when used together in Hybrid Power Systems, will create a formidable presence in the burgeoning Alternative Power Systems markets for small to medium sized vehicles and for other markets. We're very pleased that HET is advancing its battery technologies so rapidly."
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.
SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport announced today that the company has entered discussions and has signed a Non-Disclosure Agreement with an alternative energy and power systems corporation for the purpose of determining the advisability of establishing a business relationship that may include an acquisition or joint venture. SymPowerco has also entered similar discussions with a second group that owns advanced power system technologies and intellectual properties that appear to offer market opportunities for SymPowerco.
SymPowerco also announces the termination, by mutual agreement, of the Share Exchange Agreement amongst Steven Humphries, Hoss Motor Sport, Inc. (HMSI), Highline Hydrogen Hybrids, Inc. (HHHI) and SymPowerco. SymPowerco wishes Mr. Humphries and the shareholders of HMSI and HHHI well in their future endeavors.
Carleton University, the company's partner in the development of its Flowing Electrolyte Direct Methanol Fuel Cell, has informed SymPowerco that it has selected the first two team members for the Fuel Cell project, one of whom is a Post-Doctoral Fellow at the University. The project at Carleton's Department of Mechanical and Aerospace Engineering will employ as many as five graduate students under the direction of the Department Head and other department scholars and is to be funded through a recently announced grant from Ontario Centres of Excellence.
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.
Sympowerco Corp Aims for Electric Motor Car Market Staff Reporter Last Updated:- Aug 17, 2009 - 11:45am EST
Over the past several weeks Sympowerco (OTC:SYMW) has been hitting the radars with their plans to develop methanol fuel cells for such applications as small vehicles, motorbikes, retrofit, stationary power supplies, and recreational markets.
Tom Bustamante, the Managing Partner of Ludlow Capital Research commented, "With the recent announcement of Chevy's electric Volt the demand for alternative electric vehicles has been gaining strong interest. On the small cap side, Sympowerco's subsidiaries, HOSS Motor Sports and Highline Hydrogen Hybrids Systems, should offer operating holding corps for joint ventures and development of electric motor car solutions."
"The stock is considered highly speculative, but seems to be attracting increasing attention from the market. Technically the stock has been generating increasing strong retail volume, and looks to be making an attempt to move above their longer-term trend line moving average. Again, it may be a very small speculative micro-cap play, but on mere momentum we wouldn't be surprised to see this company push up above the $0.01 mark in the very near-term."
Sympowerco Corporation, an energy technology company, engages in the design and development of clean and practical power and energy solutions. It offers flowing electrolyte direct methanol fuel cell for applications in small vehicles, motorbikes, retrofit, stationary power supplies, and recreational markets. www.sympowercocorp.com
* Wall Street Newscast is currently attempting to schedule an online interview with the company, and has issued an invitation for the SYMW to present at its next investor conference in New York City's Financial District. For more information on any upcoming events regarding this company please register to our newsletter below.
Wall Street Newscast Email: info*wallstreetnewscast.com
Safe Harbor Statements: This research report includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast ("WSNC") does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was NOT compensated for this research alert, but may or may not be held as a holding in parent company's institutional funds, and thus should be considered a possible conflict of interest when reviewing this report and information.
-------------------- Taking care of my own money because no one else will treat it like their own!
IP: Logged |
posted
SYMW.PK SymPowerco is an energy tech company focused on the design and development of clean and practical power energy solutions. After a huge opening friday morn SYMW.PK closed +25.00% w RSI @ 48.94 and heading bullsih. Look for this trend to continue with news that came out Friday after close of approval to change the name of it’s wholly owned subsidiary 1259529 Alberta Limited, to Polygenic Power Corp. IMO. Check the chart.... SYMW - SharpCharts Workbench - StockCharts.com
IP: Logged |
posted
SymPowerco Corporation Announces Fuel Cell Prototype Project .Companies:Sympowerco Corp..Press Release Source: SymPowerco Corp. On Tuesday February 16, 2010, 7:30 am GARDNERVILLE, NV--(Marketwire - 02/16/10) - SymPowerco Corporation (Pinksheets:SYMW - News) CEO John Davenport today announced the start of a new project for the development and construction of an advanced Flowing Electrolyte Direct Methanol Fuel Cell ("FEDMFC") prototype. The as-yet-unnamed project will serve to address several objectives relating to the advancement of FEDMFC technologies including innovative engineering designs, durability, scalability and manufacturing methods and economics.
SymPowerco's management is of the opinion that its engineering and electro-chemical ideas and designs must be implemented and tested with a state-of-the-art prototype that offers sufficient flexibility in its design to allow multiple engineering concepts to be tested under broad operating parameters.
The prototype will be developed completely in-house by SymPowerco's subsidiary, Polygenic Power Corp. SymPowerco Corporation will retain control of all facets of the project as well as all Intellectual Property rights that result from the project. The project will run parallel with any other fuel cell projects with which the company is involved and is expected to greatly expedite the company's FEDMFC objectives.
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.
IP: Logged |
posted
SYMW. News out on the company. The fuel cell industry or green energy market is the up and coming technology. There is alot of talk about Sympowerco after they did the 60 min segmant on fuel cell technology. We have a company here that we have the perfect entry price and could do long term or short tem with. Here is a link to the 60 min segmant and here is the news
GARDNERVILLE, NV--(Marketwire - 02/22/10) - SymPowerco Corporation (Pinksheets:SYMW - News) 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
IP: Logged |
{"s" : "symw.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: SymPowerco Corp. On Friday March 5, 2010, 6:27 pm EST GARDNERVILLE, NV--(Marketwire - 03/05/10) - SymPowerco Corporation (Pinksheets:SYMW - News) CEO John Davenport today announced the primary objectives of the recently announced fuel cell prototype project that is intended to address several aspects of performance, durability, scalability, manufacturing methods and economics of the company's unique Flowing Electrolyte Direct Methanol Fuel Cell ("FEDMFC").
The primary objective of the program will be to dramatically improve reaction kinetics at the FEDMFC's anode. The methanol reaction mechanisms in all Direct Methanol Fuel Cells are more complex than those of hydrogen resulting in excessive voltage drops (activation polarization) that occur during the activation phase of the reaction. SymPowerco expects to advance its bipolar plate designs and operating parameters with a view to increasing both the rate and quality of methanol reactions without an increase in catalyst quantities. Particular attention will be given to improving reaction gas removal from the reaction zone in order to optimize both fuel flow and catalyst availability.
Reducing Activation Polarization will require the development of an advanced "Balance of Plant" ("BoP"). As a result, various FEDMFC support equipment configurations and operating parameters will be tested. The objectives relative to the BoP design and testing will be two-fold. The first objective is the improvement of reaction kinetics, as stated. The second objective of this aspect of the project will be to test the scalability of single stack and multiple stack configurations operating with a single BoP design. The company is of the opinion that increasing fuel cell output with multiple stack configurations need not cause a proportionate increase in BoP power demands, thus indicating increased energy efficiencies in multi-stack configurations.
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.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
