SYMW is an energy technology company focused on the design and development of clean and practical power and energy solutions.
SYMW’s unique Flowing Electrolyte Direct Methanol Fuel Cell (FEDMFC) offers a practical solution to a host of global environmental and energy challenges.
FEDMFC not only runs on a renewable energy source, methanol, but has the potential to power the first practical and cost-effective fuel cell hybrid-powered vehicles offered to consumers.
SYMW’s majority-owned (70%) subsidiary, Polygenic Power Systems, Inc. (PPSI), has been approved for grant funding by the Ontario Centre of Excellence for Energy to support a FEDMFC development program.
The FEDMFC development project will 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.
SYMW has recently completed an agreement to acquire majority interests in Highline Hydrogen Hybrids, Inc. (HHHI) and Hoss Motor Sports, Inc. (HMSI).
HHHI and HMSI are both moving to a 380,000 square feet building on 30 acres in Dumas, Arkansas.
HHHI has developed a unique supplemental hydrogen fuel system for Internal Combustion Engines that reduces dangerous emissions, enhances fuel efficiency by as much as 25% and increases horsepower by an average of 10%.
HHHI plans to release a version of its supplemental fuel system for use on Over-The-Road commercial vehicles.
HHHI officials project gross sales of their products to reach nearly $3.4 Million over the next 18 months.
HMSI developed the very first Ultimate Terrain Vehicle that can be used 2000 feet underground by the mining industry and has been involved in the design and manufacturing of various types of rescue, construction and sport utility vehicles.
HMSI intends to produce several types of Off Road Utility Vehicles at the new Dumas, Arkansas site, including vehicles designed specifically for Search and Rescue, Construction Sites and for Sport Utility and Off Road Enthusiast markets.
HMSI is projecting revenue of $8.4 Million over the next 12-18 months and expects to be profitable within the first 90 days of moving to its new operations in Dumas, Arkansas.
Projected revenues over the next 18 months from HHHI and HMSI total $11.8 Million. Trading at one-tenth of a penny, SYMW looks like an extraordinary value.
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