SOURCE: symPowerco Corp.

October 16, 2008 07:30 ET

SymPowerco Targets Fuel Cell Markets

GARDNERVILLE, NV--(Marketwire - October 16, 2008) - SymPowerco Corporation (PINKSHEETS: SYMW) CEO John Davenport today announces the company's intention to pursue specific alternative power supply markets with its unique Flowing Electrolyte Direct Methanol Fuel Cell (FEDMFC). These markets include small vehicle hybrid power systems, industrial power supplies and consumer products. The markets for small to mid-sized liquid-fueled fuel cells have been estimated at upwards of $15 billion.

SymPowerco believes that the entry to market of 50W to 500W FEDMFC in Hybrid Power Systems with service runs of greater than 2000 hours would be disruptive to current portable and mobile power supply markets. The FEDMFC could allow small electric vehicles to operate, for the first time, with convenience and economics comparable to vehicles powered by internal combustion engines, but in a far more environmentally benign manner.

The specific markets to be targeted by SymPowerco in the designs of its products include:

Market Segment                                  Estimate, US$ (millions)

Small vehicles (golf carts, fork lifts, etc):                   >   500
Military applications:                                          >   500
Remote location power systems:                                      100
Intermittent-use back-up systems:                                   500
Portable industrial generators                                      500
Recreational vehicles                                               200
Tractor/trailer auxiliary power                                 >   350
Motorbikes, Tuk-Tuks (Asia):                                    > 1,500

SymPowerco believes that its Flowing Electrolyte Direct Methanol Fuel Cell offers the potential for significant advantages in cost, efficiency, durability and consumer friendliness compared to standard PEM-type Direct Methanol Fuel Cells.

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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