Clear Skies Solar Reiterates 2010 Revenue Guidance
October 12 2010 - 6:00AM
Clear Skies Solar, Inc. (CSS) (OTCBB:CSKH), a full-service
renewable energy provider to commercial, industrial and
agricultural clients, today announced that the Company is
reiterating its former guidance for the full year 2010 in which it
is expecting to generate revenues of approximately $15 million with
a margin of 12-15%
.
Clear Skies Solar CEO, Ezra Green, commented, "We are working on
large solar installation projects for several clients right now and
our pipeline of proposals for future business for the remainder of
2010 is strong and growing for 2011." He continued, "We're also
starting to see access to financing begin to be available in the
solar industry, which serves as an additional and very favorable
'tail wind' to Clear Skies Solar. Because of this and our solid
reputation as a market leader, we expect to see even more solar
projects booked this year and into next."
Additionally, Clear Skies Solar recently received notification
from an independent testing facility, Met Laboratories, advising
that testing of its patented remote monitoring XTRAX® technology
solution has now been successfully completed. XTRAX is the
Company's proprietary remote monitoring solution designed to
measure the production of renewable energy systems. The
Company plans to offer XTRAX to its installation customers as well
as to other PV (photovoltaic) solar power system installers,
utilities and owners (primarily residential) of existing PV
installations. With the ability to accurately monitor
renewable energy systems, and with an extremely cost effective
installation package, XTRAX is designed for mass markets throughout
the United States, Europe and China.
Mr. Green continued, "While we are excited about our anticipated
revenue results for 2010, we are even more enthusiastic about the
possibilities for our 2011 financial results as we watch our
pipeline grow and the adoption of solar installations by all types
of businesses continue to gain momentum nationwide."
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
About XTRAX by Clear Skies Solar, Inc.
The XTRAX® proprietary platform is capable of generating data on
a variety of measurements including, but not limited to, electrical
energy production, temperature, volume and flow, and system
malfunction alerts. In particular, the XTRAX® hardware monitor
utilizes a database application for the retrieval and reporting of
data to owners, customers and aggregators. Data is regularly
reported via the cellular spectrum and it can use microwave
technology, radio wave or connect via satellite. The XTRAX®
system also provides users with the ability to retrieve reports
through a website, text message and comprehensive billing reports
electronically. Importantly, the Company's XTRAX® software
also enables users to acquire and validate renewable energy credits
and provides information regarding greenhouse gas emissions that
may support the generation of renewable energy credits and carbon
credits as this market continues to develop worldwide.
CONTACT: Clear Skies Solar, Inc.
Investor Relations Department
1-877-309-CSKH (2754)
IR@ClearSkiesSolar.com