SOURCE: Sky Power Solutions Corp.

May 30, 2012 09:00 ET

Sky Power Solutions (OTCBB: SPOW) Announces Successful Initial Testing for Proprietary Heat Sink Technology Integrated Into Their Standalone Solar Concentrating, Parabolic Dish Electric Generation System With Zero Emissions Using Sun Light as the Only Fuel, With a Heat Recapture System to Provide Free Hot Water for Users and That Is Ideal for Remote Location Installation

MOORESVILLE, NC--(Marketwire - May 30, 2012) - Sky Power Solutions Corp. (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 concentrated solar collector parabolic dish electric generating power systems able to produce in excess of 2 Kilowatts (kw) of electric power with ZERO emissions and Sun Light as the only fuel, is pleased to announce an enhancement to the heat management system for the Sky Power Solutions stand alone, residential, solar concentrating electric power generation system.

With a focus of 1,000 suns onto a single focal point, heat management became an immediate concern. Sky Power Solutions has achieved yet another mile stone in the advancement and progression of the development of their standalone, solar concentrating electric generation system with successful test results from their proprietary heat sink technology to transfer and dissipate heat accumulated by the solar concentrating collector unit.

Utilizing a proprietary process, Sky Power has proven, in recent testing to overcome all heat management issues associated with such high concentration of sunlight. This development not only enhances the overall operational efficiency of the unit, it also provides for an increase in heat capture for end user use. The High temperature output of 80 degrees Celsius from the focal, allows the Triple Junction, High Efficiency, CPV's to operate within their normal operating temperature while providing free or reduced cost hot water to the household as a byproduct. The key to this solution was calibrating the volume metric flow rate of the coolant and the selection of such coolant to accommodate all environmental aspects of any and all installations, regardless of geographical location.

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. 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. Sky Power Solutions is aware of this potential electric shortfall 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, believes the growth in consumer acceptance of all electric cars will place an increased burden on the US Electric Grid, while growth in electrical capacity is expected to decline. Sky Power Solutions is moving to meet this demand, and 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 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.

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