LAS VEGAS, NV--(MARKET WIRE)--Jul 24, 2008 -- SymPowerco Corporation (Other OTC:SYMW.PK - News) CEO John Davenport today announces that as a result of its ongoing technology needs assessment, the company has identified the bases of strategic discussions with two potential technology partners. The company has identified the potential partners and has begun discussions with one of them and will enter discussions with the other in the days ahead.

The objective of the needs assessment is to shorten the critical path to commercialization of the company's unique Flowing Electrolyte Direct Methanol Fuel Cell (FE DMFC) by identifying technologies that should be developed concurrent with the ongoing work at Carleton University, SymPowerco's main fuel cell technology partner. The identified needs relate to the manufacturability of certain FE DMFC technologies and to Hybrid Power System development.

SymPowerco's President and CEO commented, "As we scale up our fuel cell technologies, we need to make sure that we will have the capability to manufacture and implement our fuel cell designs in a timely manner. These discussions are designed to jumpstart that process."

SymPowerco Corporation develops advanced fuel cell and power delivery systems for the rapidly growing personal transportation and portable power system markets 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.

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