Sky Power Solutions Corp (OTC:SPOW) Heads in a New Direction

Sky Power Solutions Corp (OTC:SPOW) has managed to accomplished quite a lot on the last six months: Reforming a trading shell with the same ticker symbol, re-targeting its rechargeable battery systems to a new application, and moving outside the U.S. to find new contracts and revenues. The Company’s new management has been busy to say the least; busy and productive.  

The stock is currently trading in the $0.55 range on a recent volume of 42k shares traded daily with a market cap of $11 million based on 21 million shares outstanding and 20 million shares in the float. The Company is an SEC fully reporting concern; its CIK# is 0001230524 and it is incorporated in the state of Nevada with a FYE of 07/31. Its last 10-Q was filed on 06/14, a new reporting date, for the period ended 04, 30 ’11.    

Getting the Ball Rolling…

It isn’t easy moving into the public trading arena as a new company, but the new management at Sky Power Solutions Corp (OTC:SPOW) got it done. April 2 was the big turnaround day. The first thing they did under a merger arrangement was to change the name under the trading symbol SPOW from Superlattice Power to Sky Power Solutions. The board then effected a 1:300 reverse split taking the authorized shares from 750,000,000 shares to 2,500,000 shares and converted some old debt to new shares. A clean bill of health by April 25 to start the ball rolling…

The Company essentially began as a developer of rechargeable lithium ion batteries for power production in the U.S. aimed at the portable electronics market like onboard energy storage in electronic vehicles. It still has that as a business unit to be grown, but in partnering with Li-ion Motors of North Carolina from the start, obviously was refocusing its “Primary” business to a different application of energy storage and dispersal. 

Sky Power Solutions Corp (OTC:SPOW) in tandem with its new partner took the standard Cathode Material production for lithium ion batteries to a new level. In tests and applications for a new product in a big market, the two companies produced nano and sub-micron materials and accomplished a ‘Proof of Concept’ from the laboratory to production on an industrial scale. 

This “Jump” as it were was achieved by taking the Company’s energy gathering and storage knowledge, and adapting its chemical structure to a hexagonal nature that can accommodate more Lithium and more energy. The elements and specialty transition metals have been selected specifically to make its cathode materials safe, environmentally friendly, and less expensive.

As you probably already know, Solar energy can be converted to electricity in two ways: Photovoltaic (PV devices) or “solar cells” change sunlight directly into electricity. Individual PV cells are grouped into panels and arrays of panels that can be used in a wide range of applications ranging from single small cells that charge calculator and watch batteries, to systems that power single homes, to large power plants covering many acres and Solar Thermal/Electric Power Plants generate electricity by concentrating solar energy to heat a fluid and produce steam that is used to power a generator. In 2009, there were 13 solar thermal-power generating units operating in the U.S. with 11 in California, 1 in Arizona, and 1 in Nevada.

THE APPLICATION and NEW DIRECTION

In a series of press releases issued through this past summer Sky Power Solutions Corp (OTC:SPOW) began to make known its new “primary” endeavor: Vertical Solar Power Generators for Home Use. We’re not talking panels here, but rather a column style device. 

A very, very, new and innovative approach. 

The “Power Station” has 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 solar power. 

Marketed as "Visually Appealing," the station 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 Concentrated Solar Electric System is $5,000. Multiple units can be combined for increased capacity.

THE MARKETS

As of 2010 solar cells generated electricity in more than 100 countries and is the fastest growing power-generation technology in the world. 

Between 2004 and 2009, grid-connected PV capacity increased at an annual average rate of 60%. Such installations may be ground-mounted (and sometimes integrated with farming and grazing) or built into the roof or walls of a building, known as Building Integrated Photovoltaic’s.

The Off-Grid Production will Continue to Increase…  

Electric consumption in the U.S. is increasing at a rate that will outpace the anticipated expansion of the US Electric Grid's capacity and the Sky Power Solutions Corp (OTC:SPOW) new “Residential Power Station” will allow end users to generate and return 30-40% of their electric usage back to the grid using "Net-Metering."

The residential user's surplus will be fed back into the grid, causing the user's electric meter to run backwards. This not only reduces the users’ electric bill, but more importantly adds needed power to a stressed grid benefiting everyone. As mentioned above, multiple units can be combined for increased capacity and the amount of electricity sold to the grid.

Last week Sky Power Solutions Corp (OTC:SPOW) said its “Stand Alone” “Residential Power Station” qualified for a 50% French government tax credit and interest free loans; and possible ‘Grant’ incentives to buyers who sold power back to the French grid. 

All Good news for the Company because it is a tangible display of the global markets available. In France there is a major effort underway to increase the amount of renewable energy produced each year to comply with EU objectives. And those objectives extend to “All” EU members. 

Said Rich Ralston for the Company, “The French government has provided great incentives for homeowners who install the Sky Power system making the time to recover the cost of the unit very short, meaning your Sky Power system becomes a source of extra tax fee income."

The “Power Station” Upgrades are Ramping Up 

Sky Power Solutions Corp (OTC:SPOW) is already offering ‘optional’ upgrades to its basic station which will be important throughout the EU due to such extreme climate differences from North to South. One particular option that caught the French governments’ eye was an optional upgrade to capture the heat resulting from the concentration of solar power to provide hot water to a house, working in conjunction with the existing installed water heater, thereby reducing the amount of electricity users' need for water heating.

"This helps with the heat management issue encountered with the development of the (Power Station) dish, as well as providing users the additional benefit of electricity savings by getting free hot water," said Ralston. "We feel we can capture most ALL the energy in our process and pass it on to our users for beneficial use."

For a detailed look at the Sky Power Solutions Corp (OTC:SPOW) “Power Station” you can visit http://skypowersolutions.com and you can call or e-mail the Company’s Investor Relations at 1-888-641-3912 and/or ir@skypowersolutions.com . The Company has offices both in Nevada and North Carolina. 

I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.