SOURCE: symPowerco Corp.

March 05, 2010 18:27 ET

SymPowerco Announces Fuel Cell Prototype Objectives

GARDNERVILLE, NV--(Marketwire - March 5, 2010) -  SymPowerco Corporation (PINKSHEETS: SYMW) 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.

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