SOURCE: symPowerco Corp.

July 16, 2008 08:30 ET

SymPowerco Receives Expression of Interest in Fuel Cell

LAS VEGAS, NV--(Marketwire - July 16, 2008) - SymPowerco Corporation (PINKSHEETS: SYMW), an emerging developer of advanced fuel cell and power delivery systems, today announced that it has received an expression of interest in its unique Flowing Electrolyte Direct Methanol Fuel Cell technologies for use in motorbike applications in the Far East.

The motorbike is the primary means of personal transportation in many Far Eastern countries. For instance, there are more than 13,000,000 gasoline-powered motorbikes in Taiwan. To counter the pollution these motorbikes cause, the government has implemented incentive programs to help consumers switch to electric motorbikes powered by rechargeable batteries. These programs have failed because of the short operating range of the batteries and the lack of charging stations.

Stated SymPowerco CEO, John Davenport, "The pollution problems that are evident in the Far East, including those in Beijing at the 2008 Summer Olympic Games, are exactly the types of problems we believe that our fuel cell technologies can help solve. We will pursue this and similar opportunities with great interest."

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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