SOURCE: symPowerco Corp.

February 22, 2010 17:11 ET

SymPowerco Advances Timeline for Fuel Cell Specifications

GARDNERVILLE, NV--(Marketwire - February 22, 2010) -  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.

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