Xiangtian (USA) Air Power Announces Strategic Expansion of Sales Force.
WASHINGTON, Nov. 21, 2013 /PRNewswire/ -- Sanhe City Luck Sky Electrical Engineering Co., Ltd. (a subsidiary of Xiangtian USA Air Power Company, a Delaware Corporation OTCQB Ticker (GOAS)) based in Yanjiao, Hebei, announced today the strategic expansion of its sales force.
This expansion provides sales and distribution capabilities in the first tier cities of 24 provinces around China. The expansion of the sales force is in line with the strategic goal of increasing sales throughout China, the company's primary market. To date the company has focused on the development of the technology for its Natural Energy Power System. That system is now fully functional and ready for production and distribution. Currently the company is not providing any forward looking revenue estimates, however Fiscal Year 2014 will be the first year where sales is a primary focus. The company does plan on creating substantial, sustainable sales throughout China. The company also plans on providing forward looking guidance once credible and verifiable numbers are available.
Luck Sky Group Natural Energy Power System is a new energy production invention. This system provides energy by utilizing solar energy, wind energy, geothermal energy, tidal energy, water hammer potential energy and all the available natural energy as a raw power. This raw power is then converted into DC power, processed through an ultra-wideband, high-performance power inverter, which is registered in the Luck Sky Group's independent intellectual property rights list, and outputs stable power in line with national standards. Part of the output electric power is for the power needs of the operation facility, and the remaining part will be supplied to the power grid. Any additional electricity will be stored as 20Mpa compressed air. When natural energy is intermittent or during times of equipment maintenance, the compressed air is released to drive compressed air engines linked with a generator to provide electrical power.
Natural Energy Power System's core technology is "compressed air energy storage power generation." The design of this system is novel and reasonable. Considering the energy structure, it will provide a reliable alternative to power supply systems that are mainly based on fossil fuels.
This natural energy power generation system has been developed through independent research and development by Luck Sky Group, with independent intellectual property rights. Luck Sky Group has filed and received almost 100 patents. Related products are: ultra-wideband voltage power inverter, new structures aerodynamic engine, low-speed aerodynamic generators, new structures isothermal air compressor, natural energy power systems, and the aerodynamic automobile motors, etc.
SOURCE Xiangtian (USA) Air Power Company