SOURCE: Sky Power Solutions Corp.

July 23, 2012 16:30 ET

Sky Power Solutions (OTCBB: SPOW) Getting Ready for Mass Production and Retail Distribution

MOORESVILLE, NC--(Marketwire - Jul 23, 2012) - Sky Power Solutions Corp. (OTCBB: SPOW) (www.skypowersolutions.com) announced today that it has begun short listing component manufacturers and detailing its retail distribution strategy in preparation for mass production.

According to the company, various component manufacturers who have contributed so far to the development of pre-production units will have an advantage over new providers; the company will announce the short listed component manufacturers in September, with final selection by year end. The solar concentrator will also be distributed by retailers, whereby large renovation centers and/or club type retailers would be ideal for clients to obtain our product along with a network of pre-authorized installers and service professionals.

"Our recent results have really put us ahead of many competitors, which has resulted in our fast development," said Mr. Charania, President of Sky Power Solutions Corp. "The retail component will be key and we can't wait for the time we will be ready to negotiate mass distribution at all their locations in the USA and Canada," added Mr. Charania.

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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