SymPowerco Releases Details of Government Grant

GARDNERVILLE, NV, Jul 29, 2009 (MARKETWIRE via COMTEX) --
SYMW | Quote | Chart | News | PowerRating -- SymPowerco Corporation (PINKSHEETS: SYMW | Quote | Chart | News | PowerRating) CEO John Davenport today
revealed details of the terms of the recently announced government
grant in support of the development of the company's unique Flowing
Electrolyte Direct Methanol Fuel Cell ("FEDMFC"). Polygenic Power
Systems, Inc. ("PPSI"), SymPowerco's majority-owned subsidiary, was
recently 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 Ontario's Centres of
Excellence, 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, which is jointly
owned by SymPowerco (70%) and Hybrid Energy Technologies of Toronto,
Canada (30%). The total value of the project has a cash and "in kind"
value of CDN $1,040,655.

SymPowerco CEO, John Davenport, commented, "We at SymPowerco are very
excited and pleased that the lengthy application process for this
grant has been so successful. Our application went through an
exhaustive process of evaluation and peer review. The peer reviews
were conducted by academics from various universities and research
organizations and by successful business people. They were all chosen
by the Ontario Centres of Excellence and were all anonymous to
SymPowerco. We believe this process and the grant funding is very
confirming of the importance and viability of SymPowerco's Flowing
Electrolyte Direct Methanol Fuel Cell technologies."

SymPowerco Corporation develops advanced fuel cell and power delivery
systems for the rapidly growing personal transportation and portable
power system markets. SymPowerco's soon-to-be majority-owned
subsidiaries, HOSS Motor Sports and Highline Hydrogen Hybrids
Systems, offer potentially expansive synergies and marketing
opportunities with SymPowerco's Flowing Electrolyte Direct Methanol
Fuel Cell and Hybrid Power System technologies.

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.

Contact:
Investor Relations: 775-636-8486
Email Contact: Email Contact

SOURCE: SymPowerco Corp.

http://www2.marketwire.com/mw/emailprcntct?id=C3E5CF7494691C42

For full details on (SYMW) SYMW. (SYMW) has Short Term PowerRatings at TradingMarkets. Details on (SYMW) Short Term PowerRatings is available at This Link.