SOURCE: symPowerco Corp.

January 22, 2010 07:30 ET

SymPowerco Discusses Development Plans for 2010

GARDNERVILLE, NV--(Marketwire - January 22, 2010) - SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport announced today that the company has completed a broad assessment of the current state of its technologies and of its various technical and business relationships with the objective of maximizing their values to shareholders.

As a result of the reviews, SymPowerco has developed a multi-faceted development plan for 2010, the details of which will be announced in the days and weeks ahead. The objectives of the plan will be the much more rapid development of the company's core technologies.

Stated CEO John Davenport, "During the last year, there have been many developments in various technologies, services and markets that are of great interest to SymPowerco. With the rebounding economy and the increasing interest in alternative energy and technologies, the company is planning to accelerate the development of its current technologies and to create new initiatives to expand our technology base and future commercial opportunities. Many initiatives are already underway and the company looks forward to presenting its plans to shareholders."

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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