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XYNH Xynergy Holdings Inc (CE)

0.000001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Xynergy Holdings Inc (CE) USOTC:XYNH OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Xynergy Holdings -- Testing Second Generation Hydrogen Fuel Cell

26/10/2010 1:30pm

Marketwired


Xynergy (CE) (USOTC:XYNH)
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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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