Willy is always interested in companys that do business in Arkansas. Some of the noted ones that many may know that started in Arkansas are:
Walmart - Dillards - Tyson foods - Arkansas Best co. - Baldor Electric - J B Hunt - USA Truck
All of these are publicly traded companies. Walmart one of the largest companies in the nation and Tyson Foods is the largest Chicken producer in the country - All right here in Arkansas.
All of this leaves Willy wanting to find that next going company that might be right here in Arkansas. Willy wants to find that company and invest.
Well below is some info on a company that just might be it. Willy is looking at it - What do you think.
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SYMW) CEO John Davenport announced today that the company has signed a Letter of Intent ("LOI") with Texas businessman Steven Humphries for the acquisition of a majority interest in Highline Hydrogen Hybrids, Inc. ("HHHI"), the manufacturer of a unique and proven hydrogen conversion system for gasoline and diesel-powered vehicles.
In April of 2009, Humphries entered an agreement to purchase 70% of HHHI. Under the terms anticipated by today's Letter of Intent, Mr. Humphries will assign his HHHI interest to SymPowerco.
HHHI's unique supplemental hydrogen fuel system, in addition to reducing dangerous emissions, has been shown to enhance the fuel efficiency of internal combustion engines by as much as 25% and to increase horsepower by an average of 10%. HHHI also plans to release a commercial version of its supplemental fuel system for use on Over-The-Road commercial vehicles.
HHHI's unique hydrogen converter has undergone rigorous testing and has a patent pending. The company is currently relocating from Northwest Arkansas to a 380,000 square foot building on 30 acres in Dumas, Arkansas. HHHI officials project gross sales of their products to reach nearly $3,400,000.00 over the next 18 months.
Stated SymPowerco CEO John N. Davenport, "We at SymPowerco are very excited about the potential HHHI revenue streams and the synergies that HHHI's efficiency enhancing products could bring to our company. We believe that HHHI's products would complement our Flowing Electrolyte Direct Methanol Fuel Cell technologies by allowing SymPowerco to not only replace the internal combustion engine with the fuel cell in many applications but to also offer products to help reduce the environmental and energy-related impacts of the remaining fleet of vehicles powered by internal combustion engines."
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.
10-4 maybe - Willy
I don't know Willy. I don't do this type of investing so I just don't know. I'm sure you'll figure it out in short order.
ReplyDeleteHave a terrific day. :)
Unless you know that GM, Ford or Chrysler are on-board with this I would be cautious. I know that they "Big 3" are not as big as they once were but they still hold a lot of influence in the automotive industry and they really do decide who/what succeeds or who/what fails. It's sort of an "industry secret" not well kept but a secret all the same
ReplyDeleteFord - Gm and Chrysler and John Deere have all tested the process and have gained fuel economy and cleaner burners with it. Tests are available with criteria.
ReplyDeleteStill trying to decide.
thanks for cautious advice.
10-4 Willy