News for 'SYMW' - (SymPowerco Discusses Development Plans for 2010)
GARDNERVILLE, NV, Jan 22, 2010 (MARKETWIRE via COMTEX) -- SymPowerco
Corporation (PINKSHEETS: SYMW) CEO John Davenport announced today that the
company has completed a broad assessment of the current state of its
technologies and of its various technical and business relationships with the
objective of maximizing their values to shareholders.
As a result of the reviews, SymPowerco has developed a multi-faceted development
plan for 2010, the details of which will be announced in the days and weeks
ahead. The objectives of the plan will be the much more rapid development of the
company's core technologies.
Stated CEO John Davenport, "During the last year, there have been many
developments in various technologies, services and markets that are of great
interest to SymPowerco. With the rebounding economy and the increasing interest
in alternative energy and technologies, the company is planning to accelerate
the development of its current technologies and to create new initiatives to
expand our technology base and future commercial opportunities. Many initiatives
are already underway and the company looks forward to presenting its plans to
shareholders."
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.
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.
AI
