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GARDNERVILLE, NV -- (MARKET WIRE) -- 03/08/10 --
SymPowerco Corporation
(PINKSHEETS: SYMW) CEO John Davenport today announced that the company has entered Phase II of its two concurrent prototype projects, the Flowing Electrolyte Direct Methanol Fuel Cell ("FEDMFC")
Prototype Project
and the
Hybrid Power System Project
for small Hybrid Electric Vehicles.
Phase II of the FEDMFC prototype project will include materials and equipment assessments for the various components that will constitute the fuel cell stack and the prototype's Balance of Plant. In addition, Phase II is intended to produce the complete CAD/CAM design plans of the advanced components that are required to satisfy the recently announced objectives of the program.
Phase II of the
Hybrid Power System Project
will include formal assessments of the materials and equipment required to test several types of power sources required for small Hybrid Electric Vehicle drive systems.
Stated CEO, John Davenport, "Phase II is intended to take both projects forward to the point of procurement of the equipment and material required for the assembly of the prototypes. Many aspects of Phase II are already at advanced levels of development and the company hopes to complete the remaining Phase II elements in an expedited manner."
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.
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Disclosure
OTCReporter.com and HotOTCChina.com are owned by Oceanic Consulting, LLC ("Oceanic") and Garden State Resources NJ, LLC ("Garden State"), both of which are New Jersey limited liability corporations (OTCReporter.com and Hot OTCChina.com and its owners, Oceanic and Garden State, and their affiliates, directors and officers and its immediate family members are referred to in our Disclaimer as "OTCR" or "we" or "us" or "our"). Oceanic and Garden State are referred to herein collectively as the "LLC Companies" when the context of the statements pertain to compensation matters, including our "Compensation Disclosure" section that seeks to comply with Section 17(b) of the 1933 act, as amended, which states that any person who disseminates publications or other communications (through interstate commerce) for consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, must disclose the receipt and amount, whether past or prospective, of such consideration. The LLC Companies received 250,000,.000 of free trading shares of SYMW and $25,000 from a non-affiliate third party shareholder of SYMW in return for OTCR’s services to publicly and electronically disseminate information pertaining to SYMW, and thereafter sold all 250,000,000. It is imperative that all readers of the above Compensation Disclosure Section click on the link below to carefully review our Disclaimer in its entirety, which contains important information about penny stocks, our operations, the limited nature of the information presented in our publications and various risks attendant to the companies that we profile.
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