SOURCE: symPowerco Corp.

February 23, 2009 09:45 ET

SymPowerco Announces Commercial Design Project

GARDNERVILLE, NV--(Marketwire - February 23, 2009) - SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport today announces the creation of The SymPowerco Commercial Design Project (SCDP). The multiphase project is expected to encompass all facets of the design of various commercial products for the anticipated markets of the company's Flowing Electrolyte Direct Methanol Fuel Cell (FEDMFC) and Hybrid Power Systems. The project is intended to run concurrently with SymPowerco's FEDMFC development program at Carleton University's Department of Mechanical and Aerospace Engineering in Ottawa, Canada.

SymPowerco is of the opinion that its FEDMFC development program has advanced to a level where commercial design considerations must be included in all future FEDMFC and Hybrid Power System engineering activities.

Phase I of the SCDP is expected to include a study of the ancillary equipment and "balance of plant" requirements of the FEDMFC as they relate to commercial requirements, manufacturability, scalability and industrial design elements of the FEDMFC and Hybrid Power Systems.

Future phases of the SCDP will include engineering and design elements including hybrid power system layout designs, power interfaces, branding, packaging and the design of a flexible component regime to satisfy broad OEM requirements.

SymPowerco Corporation develops advanced fuel cell and power delivery systems for the rapidly growing personal transportation and portable power system markets 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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