Xynergy Holdings Set to Apply to U.S. Dept of Energy for Financial Award

Last Update: 7/1/2009 4:57:02 PM

MIAMI, FL, Jul 01, 2009 (MARKETWIRE via COMTEX) -- 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."