SYMW just announced that its fuel cell partner, Hybrid Energy Technologies, Inc. (HET) of Ontario, Canada, has advanced its business plan on several fronts and that HET’s initiatives continue to support the planning and timing of SYMW’s fuel cell development program.
HET owns 30% of SYMW’s majority owned (70%) subsidiary, Polygenic Power Systems, Inc. (PPSI), which manages all aspects of SYMW’s Flowing Electrolyte Direct Methanol Fuel Cell (FEDMFC) program.
HET, which owns the exclusive rights to a unique flat-plate rechargeable battery technology, has informed SYMW that it has successfully completed Phase I of a study to determine the feasibility of mass producing its battery technologies and to determine the feasibility of constructing a high speed manufacturing facility at a certain location for the world market.
In addition, HET has advised SYMW that it has begun design and construction of various prototype flat-plate battery configurations that will be made available to its existing and potential customers for design and testing purposes.
SYMW President and CEO, John Davenport, commented, “SymPowerco owns the exclusive rights to use HET’s flat-plate battery technologies in Hybrid Power Systems that use Direct Methanol Fuel Cells. We believe that the FEDMFC and the flat-plate battery technologies, when used together in Hybrid Power Systems, will create a formidable presence in the burgeoning Alternative Power Systems markets for small to medium sized vehicles and for other markets. We’re very pleased that HET is advancing its battery technologies so rapidly.”
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.
*********************************************************
The disclaimer is to be read and fully understood before using our site or joining our email list.
PLEASE NOTE WELL: StockStars.net and/or its affiliates are not registered as Investment Advisors in any jurisdiction whatsoever.
Release of Liability: Through use of StockStars.net email newsletter and website you agree to hold StockStars.net, its operators, owners, and employees harmless and completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. StockStars.net and/or its affiliates may from time to time have positions in the securities mentioned herein, may increase or decrease such positions without notice, and may profit from such transactions. StockStars.net has been compensated by a third party ten thousand dollars for a one day SYMW advertising services contract. StockStars.net was previously compensated by the same third party ten thousand dollars for SYMW advertising services. The third party may have shares and may liquidate, which may affect the stock’s price. Any opinions expressed are subject to change without notice. StockStars.net encourages readers and investors to supplement the information in these reports with independent research and other professional advice.
Please read our full disclaimer at
http://www.stockstars.net/disclaimer.php.
