SOURCE: SymPowerco Corporation

June 10, 2008 08:30 ET

SymPowerco Provides Details of Fuel Cell Hybrid Power System Prototype

LAS VEGAS, NV--(Marketwire - June 10, 2008) - SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport today announces development details of its prototype fuel cell and hybrid power systems.

The 5W fuel cell stack consists of a series of 5 cells that together provide power to a Hybrid Power System. The fuel cell stack maintains the charge on the power system's batteries while the batteries supply power to a variable load. The fuel cell subsystems include the methanol and electrolyte recirculation and control systems and a secondary fuel cell that removes methanol from the recirculating electrolyte.

Also included in the fuel cell system is an advanced System Control and Data Acquisition (SCADA) system designed exclusively for SymPowerco's fuel cell program. The SCADA system has sufficient capability for all anticipated phases of the program and will serve as the basis of the company's commercial SCADA designs.

The fuel cell and hybrid power systems are located in the laboratories of the Mechanical and Aerospace Engineering Department at Carleton University in Ottawa, Canada. As previously announced, SymPowerco has a joint development agreement with the Mechanical and Aerospace Engineering Department at Carleton University, one of North America's premier engineering institutions.

The 5 Watt (5W) Flowing Electrolyte Direct Methanol Fuel Cell (FE DMFC) and Hybrid Power System together provide SymPowerco and its development partner with the robust platform that is required to advance research and development of the company's fuel cell and power system technologies.

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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