MOORESVILLE, NC -- (Marketwire) -- 05/02/12 -- Sky Power Solutions (OTCBB: SPOW) (www.skypowersolutions.com), an emerging leader in the development and marketing of next generation lithium-ion powered batteries worldwide and a leading developer of Residential, Solar Concentrating, Electric Power Generation Systems able to produce in excess of 2,000 WATTS (2 Kilowatts (kw)) of electric power plus additional heat output to provide hot water using sunlight as the only fuel, is proud to announce the company has filed for a Patent to protect the cutting edge advancements in the area of heat dissipation utilizing proprietary technology combing two components into one unit thereby enhancing the overall operation and function of the stand alone device.
Using a Parabolic Dish, the Sky Power Solutions' unit concentrates the power of 1,000 SUNS onto a focal point creating a tremendous amount of heat in addition to the electrical output generated from the Concentrating Photovoltaic cells. This recent breakthrough provides for efficient heat dissipation while allowing the Photovoltaic Cells to function within a safe operation temperature range and provide heat output for household water heating at the same time.
Sky Power Solutions presented and demonstrated the features and functions of the Solar Concentrating Photo-Voltaic system with supplemental heat capture to the Solar Industry attendees at the 2011 Solar International (SPI) tradeshow in Dallas and was received with an overwhelmingly positive response.
During SPI, preliminary negotiations/discussions were established with potential Distributors/Dealers totaling 32 entities from: Greece, Mexico, Puerto Rico, Hawaii, Africa and more than half of the US. 'We are simply overwhelmed by the acceptance and response to our presence at SPI. Being the only company providing an advanced engineered parabolic dish, concentrating solar system exclusively for residential application is potentially game changing for the residential solar market,' says Rich Ralston, Public Relations and Media Manager for Sky Power Solutions.
Potential distributors had many positive things to say about the Sky Power system at the event. Richard Hinds of American Group states, 'I'd look forward to working with Sky Power to become a distributor. I think we can do well with this; it's just great.' Arturo Miller of Energia Solar said, 'We're very excited to work with Sky Power to possibly become the authorized distributor for Mexico.'
The unique design of the Sky Power Solutions Residential system gives homeowners, for the first time, access to advanced concentrating Photovoltaic technology combined with sun tracking while taking only about 1/3 the space compared to standard solar PV panels.
The Sky Power Solutions residential solar power station will have the ability to reduce the average user's monthly electric grid consumption by up to 30-40% with ZERO emissions using only the power of the Sun.
The entry level price point for a Sky Power Solutions-Concentrated Solar electric system is estimated to be $5,000 at release. Many financial incentives are available which reduces the user's actual costs and vary by location. Multiple units can be combined for increased capacity.
Electric consumption in the United States is increasing at a rate that will outpace the anticipated expansion of the US Electric Grid's capacity and Sky Power Solutions is poised for expansion into the Residential Electric Power Generation market to allow end users to generate and return 30-40% of their electric usage back to the grid using 'Net-Metering' and the Sky Power System. Sky Power Solutions is moving to meet this demand while lowering the grid consumption of the users of the Residential Solar Generation System and actually augmenting the Electric Grid by producing and sending electricity from the residential users surplus capacity into the grid, therefore causing the users electric meter to run backwards, not only reducing the electric bill, but more importantly adding needed power to a stressed grid in a de-centralized fashion for the benefit of all.
FORWARD LOOKING STATEMENT:
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.
About Sky Power Solutions: www.skypowersolutions.com
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Headquartered in Mooresville, NC
Sky Power Solutions, Corp.
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