SYMW spiked 111% last Wednesday on release of details of a government grant in support of the company’s Flowing Electrolyte Direct Methanol Fuel Cell (FEDMFC).
The rally did not hold and SYMW has returned to trading levels prior to the spike.
SYMW is extremely cheap here considering the catalyst for the spike will likely result in more positive developments in the near future.
SYMW’s majority-owned (70%) subsidiary, Polygenic Power Systems, Inc. (PPSI), was informed by the Ontario Centres of Excellence (OCE) that it was successful in its application for a grant from the OCE’s Centre of Excellence for Energy
The Centre of Excellence for Energy, a part of the OCE, was created to address the significant challenges and opportunities posed by the current energy situation in Ontario, Canada.
The Centre invests in and promotes cutting-edge research collaborations between industry and colleges, universities and research hospitals.
The Centre’s objective is to foster innovation in energy markets, systems and technologies.
The Centre works with industry to solve problems by engaging the brightest minds at Ontario’s universities and colleges in the challenges faced by businesses.
The grant has been approved in support of the FEDMFC development project to be undertaken by the Department of Mechanical and Aerospace Engineering at Carleton University in Canada’s capital city, Ottawa, Ontario, in collaboration with PPSI.
The total value of the project has a cash and “in kind” value of almost one million dollars.
Start your research on SYMW. I will be sending additional information shortly…..
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