SOURCE: symPowerco Corp.

March 05, 2009 09:45 ET

SymPowerco Announces Industrial Design Initiative

GARDNERVILLE, NV--(Marketwire - March 5, 2009) - SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport today announces the company's plans to establish an Industrial Design Program that relates to the creation and development of concepts and specifications that optimize the function, value and appearance of SymPowerco's future products and systems for the benefit of both SymPowerco and its future customers.

The program will include the development of design aesthetics and usability as they relate to marketability and production. The program is expected to create and execute design solutions with respect to form, user ergonomics, engineering, marketing, brand development and sales.

The Industrial Design Program is intended to form an integral part of the recently announced SymPowerco Commercial Design Project. The multiphase SymPowerco Commercial Design Project encompasses 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 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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