Clear Skies Solar Receives Patent
May 05 2011 - 6:00AM
Clear Skies Solar, Inc. (CSS) (OTCBB:CSKH), a full-service
renewable energy provider to commercial, agricultural and
residential clients, today announced it has received patent awards
from both the Hong Kong and Chinese governments.
The patent awards we received are for our XTRAX® wireless data
monitoring system that is held by our majority owned subsidiary,
Carbon 612 Corporation. Carbon 612 was established for the purpose
of housing our developing technologies related to renewable energy.
The XTRAX® unit was specifically developed to collect and measure
production data for the monetizing of residential and sub-fifty
Kilowatt commercial markets, but it has evolved into being
available for licensing in other markets such as water and oil
management. The award of these patents open an enormous market for
CSS & Carbon 612 in which to operate.
Our XTRAX® technology is the lowest cost data monitoring system
that we know of on the market today and has already passed
difficult stages of ANSI testing. ANSI, the American National
Standards Institute, is an independent laboratory that sets the bar
for accuracy in reporting for the electric metering industry. The
ANSI testing reports have shown our technology operating with an
accuracy of better than plus or minus 1/4 of one percent, or 0.18
percent. This makes XTRAX® valuable for investors as well as
utilities. Investors will be able to affordably monetize smaller
systems while utilities and SREC (that is, Solar Renewable Energy
Credits) traders can rely on the production data for this vast yet
untapped market. Nationally, SREC programs are quickly becoming the
standard tool for financing renewable energy systems. Currently 63
utility and state programs provide performance based incentives
(PBI) and 41 states and territories that have renewable portfolio
standards or (RPS). Both programs require a technically accurate
device for metered output of any given solar energy system.
The cost of XTRAX® is under $150, and should be lower once full
production is achieved. The residential and small commercial
markets comprise the vast majority of installations in the USA as
well as most other countries. More than 120,000 solar energy
systems are in operation in the US to date and an increase of
30,000 during 2011 is projected.
About Clear Skies Solar, Inc.
Clear Skies Solar, Inc. (CSS), through its wholly owned
subsidiary, provides full-service renewable energy solutions to
commercial, industrial and agricultural clients across the country.
CSS was incorporated in 2003 and launched formal operations in
2005. During that time, the Company developed its proprietary
systems, obtained important licenses and certifications, and
acquired technologies to maximize the impact of its construction
expertise in the renewable energy sector. Clear Skies Solar
has become one of the premier solar electric installation companies
in the country. For more information about CSS please visit
http://www.clearskiessolar.com
The Clear Skies Solar, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7498
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" that involve risks and
uncertainties. These include statements about Clear Skies
Solar's expectations, plans, objectives, assumptions or future
events. You should not place undue reliance on these
forward-looking statements. Information concerning factors
that could cause the Company's actual results to differ materially
from these forward-looking statements can be found in Clear Skies
Solar's periodic reports filed with the Securities and Exchange
Commission. Clear Skies Solar undertakes no obligation to
publicly release revisions to these forward-looking statements to
reflect future events or circumstances or reflect the occurrence of
unanticipated events.
CONTACT: Clear Skies Solar, Inc.
Investor Relations Department
Email: IR@ClearSkiesSolar.com
Direct: 1-877-309-CSKH (2754)