Xynergy Holdings -- Testing Second Generation Hydrogen Fuel Cell
26 Ottobre 2010 - 2:30PM
Marketwired
Xynergy Holdings, Inc. (the "Company") (PINKSHEETS: XYNH). The
preliminary testing of a second generation fuel cell offers
promising results. While powering the engine of a Ford 7.3 liter
diesel truck a modest gain in fuel efficiency was experienced. CEO
JC Ley comments, "Our development team felt that fuel efficiency
could improve between the hydrogen cell and diesel engine so
further development was conducted. During this time, small flaws
were discovered that inhibited the fuel cell from working at its
maximum performance level." Further analysis pointed to possible
engine imperfections. The engine is being overhauled in order to
dismiss any doubts or questions about its performance capabilities.
This is expected to be completed within the coming weeks. Testing
will then resume after the normal engine break- in period. Ley
continues, "This is an R & D project, and as such, it involves
trial and error. If it was easily attainable, I suspect many people
would have already capitalized on this technology. We understand
the value of alternative fuels and their contribution, not only to
the future of our planet, but to the economic impact it could
represent for our shareholders as well. For this reason, the plan
is to continue to forge forward with our best efforts to complete
this hydrogen fuel cell project, while at the same time, pursuing
other revenue generating opportunities."
About Xynergy Holdings, Inc. Xynergy
Holdings, Inc. is committed to meeting the world's growing energy
needs while also promoting environmentally conscious business
practices, sustainability and commerce. Xynergy Holdings, Inc. is
focused on promoting global commerce within the realm of a global
economy.
Safe Harbor This press release includes
statements that constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
(the "Reform Act"). Xynergy Holdings, Inc. claims the protection of
the safe-harbor for forward-looking statements contained in the
Reform Act. These forward-looking statements are often
characterized by the terms "may," "believes," "projects,"
"expects," or "anticipates," and do not reflect historical facts.
Specific forward-looking statements contained in this press release
include, but are not limited to: our successful integration of
diversified growth companies, impact of the company's expansion
plan, and new business development success, future financial
results, development and acquisition of new product lines and
services, the impact of competitive products or pricing from
technological changes, the effect of economic conditions and other
uncertainties. The forward-looking statements contained herein
involve risks and uncertainties that could cause actual results to
differ materially from the expectations contained in any such,
forward-looking statements. These risks include, but are not
limited to: failure to manage operating expenses or integrate new
companies and/or technologies, each of which could have a material
impact on our business, our financial results, and the company's
stock price. These risks and other factors are detailed in the
Company's filings with the U.S. Securities and Exchange Commission
and the Pink Sheets. Most of these factors are difficult to predict
accurately and are generally beyond the Company's control.
Forward-looking statements speak only as to the date they are made
and Xynergy Holdings, Inc. does not undertake to update
forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made.
Contact: Xynergy Holdings, Inc. 305-819-0452
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