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| We were discussing the LIBOR problem Wednesday night at dinner in Baltimore. We reserved the corner table at Pazo... one of the fancy restaurants in town. We invited a few friends and hosted a potential new hire. | |
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| Stock SYMW volume increase Today |
| Tuesday, 24 June 2008 | ||||||||
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SymPowerco and HET jointly own Polygenic Power Systems, Inc., (PPSI) of Toronto, Ontario, Canada (70% SymPowerco, 30% HET). PPSI manages all aspects of SymPowerco's Flowing Electrolyte Direct Methanol Fuel Cell (FE DMFC) Program including in-house and institutional research and development, grant applications, and management of the multiple projects associated with the program. In addition, PPSI will be responsible for the marketing of the fuel cell, fuel cell hybrid power systems and all related technologies. HET owns the exclusive rights to a unique flat-plate rechargeable battery technology. SymPowerco owns the exclusive rights to use HET's battery technology in Hybrid Power Systems that use Direct Methanol Fuel Cells. SymPowerco and HET believe that their respective technologies, the FE DMFC and the flat-plate battery technology, when used together in Hybrid Power Systems, will create a formidable presence in the burgeoning Alternative Power Systems markets. SymPowerco and HET are receiving sufficient interest in their energy conversion and energy storage technologies that a combined approach to these markets is warranted. John Davenport, CEO of SymPowerco, commented, "It's becoming evident that rapidly changing energy markets and the need for more advanced power delivery systems are creating some exciting possibilities for SymPowerco and HET. Together we have identified several markets that we should jointly pursue. We also see several technologies that we feel are best developed together. We will further define these opportunities and we expect to announce a new development agreement to address them in the very near future." 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. SOLI getting ready to bounce above $1.01.
Solei Systems, Inc. (the "Company") announced that has entered into negotiations to acquire the high-speed power boat manufacturer, MiG Marine Corporation of Ohio. The rationale for the negotiation is that Solei Systems' expanding product line is increasingly in need of fiberglass manufacturing expertise, which MiG Marine has been providing to the Company on an advisory capacity. MiG Marine Corporation manufactures high-speed power boats from eleven to twenty-seven feet in length. It currently is in the process of developing a fifteen-foot high-speed version powered by a Harley-Davidson motorcycle engine. The Crew Otcstockexchange email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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