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On January 2nd, 2008, CyVolt Energy Systems, Inc. entered into a strategic partnership with GloCal Network Corporation of Seattle, WA.  The partnership provides CyVolt with GloCal's international network of government, corporate and non-profit contacts for potential investment, teaming and consulting opportunities.  In addition, CyVolt has access to facilities to advance their research and development objectives and company operations.

"This partnership provides us with necessary facilities and infrastructure, and access to critical business development resources," said Chris Ashfield, Co-Founder, President & COO of CyVolt.  "We are currently a seed-stage company and this relationship allows us to rapidly ramp-up operations and to pursue other investment strategies previously unavailable to us.  We share GloCal's enthusiasm for renewable technologies and anticipate bringing the element of successful commercialization to their international organization."

Dr. Steven Ragsdale, the company's Vice President and CTO, added that Dr. Seferis' previous academic experience should enable CyVolt to increase its exposure and competitiveness to pursuing government funding opportunities.  "We are actively pursuing funding opportunities with several government agencies where our technology fits the need for portable power solutions and the benefits of renewable energy," he stated.  "In addition, the GloCal partnership allows CyVolt to pursue both for-profit and non-profit agency solicitations through GloCal's unique dual-operational structure, which significantly broadens our funding opportunities."

About CyVolt Energy Systems, Inc:

CyVolt Energy Systems, Inc. engages in the discovery, research and development, and commercialization of new energy technology products for the portable power energy market. CyVolt is currently developing a renewable fuel cell recharger for use with lithium ion battery powered portable hand held electronic devices.

About GloCal Network Corporation:

Dr. James Seferis established GloCal Corporation in the U.S. and Academy for GloCal Processes (AGLOCALP), a non-profit Association in Tokyo Japan, to augment his work in a teaming environment from a Profit, Government and Non (non-profit and non-government, or PGN) platform.  He continues a 30-plus year academic career at different universities around the world. Dr. Seferis is also focusing on the new frontier of thinking globally, but acting locally in Engineering Business and Public Health. 

GloCal Network Corporation in Seattle also houses the Polymeric Composites Laboratory, which is newly reconstituted and under the direction of Managing Director David Bowes. Dr. Seferis' vision in Seattle is to maintain a world-class presence in the research of composite materials and to support a laboratory with top researchers from around the globe for the purpose of emerging as a development platform for entities to innovate, create new businesses, and raise capital. Mr. Bowes’ experience in international business and technology programs development with Sony, Toyota, and the US Information Agency aids those in pursuit of their academic, business and professional goals to expand domestically and internationally.