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    Penny Stock on Watch; Sky Power Solutions Corp.

    Penny Stock on Watch; Sky Power Solutions Corp.

    Sky Power Solutions Corp. (OTC: SPOW), a development-stage company engaged in the development of safe rechargeable battery systems for a range of applications, on Monday announced the launch of its 2kw residential Solar Concentrating, Electric Power Generation Systems.

    The residential system was displayed during Solar International 2011 in Dallas, Texas. The company received favorable comments from the Department of Energy for the design of the unit.

    Sky Power also said that it saw high level traffic at its display booth as it presented and demonstrated the functions of the system. The company received coverage from a number of media outlets, including Photon Magazine and ROBOT.NET.

    The system has the capability to produce 2kw of electricity and an additional 1.2kw of thermal energy, resulting in a 19% overall efficiency. The unique design provides homeowners access to advanced concentrating PV produced electricity and is combined with sun tracking technology. The system is small compared to standard solar PV panels, taking only around 1/3 of the space of a standard solar PV panel.

    The company also said that it began initial discussions with a number of distributors and dealers at the event.

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