SOURCE: symPowerco Corp.

June 30, 2008 08:30 ET

SymPowerco Marks Progress on Joint Development Plans

LAS VEGAS, NV--(Marketwire - June 30, 2008) - SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport today announces that the company and its development partner, Carleton University of Ottawa, Canada, are completing the 2008/2009 development plans for the company's Flowing Electrolyte Direct Methanol Fuel Cell (FE DMFC).

As previously announced, SymPowerco has partnered with Carleton University to rapidly advance the company's FE DMFC technologies.

Chief among the research initiatives for the 2008/2009 program will be scalability studies to determine the engineering and development path to 50 Watt and 500 Watt FE DMFCs. These studies will include extensive operational testing of SymPowerco's 5 Watt FE DMFC Hybrid Power System using a wide array of operational and structural variables.

Also planned for the 2008/2009 program are advanced materials engineering studies as they relate to the FE DMFC. The complex physical, chemical and electrical processes in an operating FE DMFC coupled with manufacturing and operational economics demand careful selection and extensive testing of the FE DMFC materials of construction.

SymPowerco CEO, John Davenport, commented, "This promises to be an exciting session at Carleton University's Department of Mechanical and Aerospace Engineering. This year's program is designed to rapidly advance our Flowing Electrolyte Direct Methanol Fuel Cell technologies and to bring the FE DMFC closer to commercial reality."

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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