Xynergy Holdings Set to Apply to U.S. Dept of Energy for Financial Award
01 Luglio 2009 - 10:56PM
Marketwired
Xynergy Holdings, Inc. (PINKSHEETS: XYNH) is proud to announce it
has begun the application process for receiving a USDE Financial
award for its innovative hydro assist kit and installation project,
which the company just announced this past Monday garnered an
impressive 87.5% increase in fuel efficiency in its first
installation prototype, a 2008 Toyota Yaris.
"We have researched, and now believe that our system of
installation, combined with Hydro X Assist(TM) Technology warrants
consideration for this award," says J Carlos Ley, Xynergy's CEO.
"We are starting protocol on even newer vehicles and will hopefully
have another prototype installed within the next several weeks."
The company believes that installing a system in a traditionally
lower mileage yielding, higher technology truck or SUV will
demonstrate the effectiveness and ease of its system, so that the
government award decision makers realize the uniformity of the
machining that makes this system so unique. It is also believed
that the company will begin to establish its first service center
shortly, though it is not yet a certainty. Says CEO Ley, "That is a
distinct possibility, and we will hopefully have more data with the
installation of our system in trucks and SUVs."
About Xynergy Holdings, Inc.
Xynergy Holdings, Inc. is committed to meeting the world's
growing energy needs while also promoting environmentally conscious
business practices and sustainability. Their focus is on promoting
global commerce within the realm of a global economy.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within
the meaning of the federal securities laws, commonly identified by
such terms as "believes," "looking ahead," "anticipates,"
"estimates" and other terms with similar meaning. Although the
Company believes that the assumptions upon which its
forward-looking statements are based are reasonable, it can give no
assurance that these assumptions will prove to be correct.
Important factors that could cause actual results to differ
materially from the Company's projections and expectations are
disclosed in the Company's filings with the Securities and Exchange
Commission. All forward-looking statements in this press release
are expressly qualified by such cautionary statements and by
reference to the underlying assumptions.
Contact: Xynergy Corporation Nicky Coachman-Robinson
305-573-0821
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