MOORESVILLE, N.C., Oct. 17, 2011 /PRNewswire/ -- Sky Power Solutions, (OTCBB: SPOW) (www.skypowersolutions.com), an emerging leader in the development and marketing of next generation lithium-powered batteries worldwide, and a leading developer of residential, Solar Concentrating, Electric Power Generation Systems able to produce in excess of 2 Kilowatts (kw) of electric power with ZERO emissions and sunlight as the only fuel, will be unveiled and on display during SOLAR INTERNATIONAL 2011 at the Dallas Convention Center in Dallas, Texas October 17 – 20, 2011.
Sky Power Solutions will display a working prototype of our Residential, Standalone, Solar Concentrating, Electric Power Generation system in booth number 6056, in the PV Cells and Module area of SPI at the Dallas Convention Center, 650 S. Griffin St., Dallas, Texas 75202. Company representatives will be available to questions during the event. "We are excited to exhibit the Sky Power system at SPI. Taking about 1/3 the space of standard PV solar panels and the ability to derive heat from the unit makes it very efficient. In addition to the benefits of lower electric costs, the incentives being offered around the world reduces the user's cost of the unit," says Rich Ralston, Public Relations and Media Manager for Sky Power Solutions.
The unique design of the Sky Power Solutions Residential system gives homeowners, for the first time, access to advanced concentrating PV (photovoltronic) technology combined with sun tracking while taking only about 1/3 the space compared to standard solar PV panels.
Solar Power International (SPI) is North America's largest, most comprehensive solar power trade show and conference. This annual, business-to-business event was the first of its kind in North America and grows bigger and better every year. Nearly 24,000 professionals from 125+ countries attend. With one out of five attendees coming from outside the United States, SPI is truly a global event. In 2011, over 1,100 companies from all vertical markets in the solar power spectrum will exhibit in a space of more than 1 million gross square feet.
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 and a ZERO carbon footprint; using only the power of the Sun. Visually appealing, the Sky Power Solutions system can easily be installed in most backyards taking less than one third of the space of conventional Solar panels. 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. 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 has identified this and 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, the exclusive provider of advanced Lithium Ion battery technology to Li-ion Motors Corp for use in their all-electric, zero emission automobiles has determined the growth in the consumer acceptance of all electric cars will place an increased burden on the US Electric Grid at the same time growth in capacity of electrical capacity is expected to decline. Sky Power Solutions is moving to meet this demand, while at the same time 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 user's surplus capacity into the grid, therefore causing the user's electric meter to run backwards, not only reducing the electric bill, but more importantly adding needed power to a stressed grid 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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Sky Power Solutions, Corp.
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SOURCE Sky Power Solutions