Symbol: SKYH:OTC Markets
VANCOUVER, Jan. 14, 2014 /PRNewswire/ - Sky Harvest Energy Corp. is pleased to announce that Sky Vertical Technologies Inc., a subsidiary of Sky Harvest, has begun the assembly of its prototype vertical axis wind turbine and expects to deliver its initial production to customers in late February.
Sky Vertical's new location, NORCAT's technology incubator and development facility has greatly accelerated the prototyping process. Kyle Loney, the President and C.E.O. of Sky Vertical states, "Having the NORCAT support system has allowed our team to focus on the prototyping process. Our technology will benefit greatly from this relationship. With any start-up company, overhead is of great concern. However, with our development team and the facilities we have at NORCAT, we are able to keep our overhead to a minimum without sacrificing proficiency or expertise. This allows us to use available funds to focus on development. We are looking forward to a very successful 2014."
William Iny, President & CEO
Sky Harvest Energy Corp. is a United States and British Columbia reporting issuer involved in the design and manufacture of vertical axis wind turbines and in the development of wind power projects located in southwest Saskatchewan, Canada.
Safe harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements. Forward-looking statements may include financial and other projections, as well as statements regarding the Company's future plans, objectives or economic performance, or the assumptions underlying any of the foregoing. The Company uses words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform to the Company's expectations and predictions is subject to a number of risks, assumptions and uncertainties. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from those indicated. Forward looking statements in this press release include the following: that the Company's arrangement with NORCAT will allow it to streamline its operations, achieve higher productivity, and significantly reduce its overhead; that the Company will meet its expectation to deliver its initial production to customers in late February; and that the Company's use of the NORCAT facilities will allow it to focus on development without sacrificing proficiency or expertise; and that the Company will be successful in 2014.
Factors which may delay or prevent these forward looking statements from being realized include that the Company's relationship with NORCAT may not impact its growth and development, that the Company may encounter factors that impede its turbine assembly process and adversely impact its ability to fulfill customer demand; and that the Company may not have sufficient funds to take advantage of the opportunities that NORCAT offers or to fulfill orders. Readers should refer to the risk disclosures outlined in the Company's periodic reports filed from time to time with the United States Securities and Exchange Commission on EDGAR at www.sec.gov and with the British Columbia Securities Commission at www.sedar.com.
For further information: Sky Harvest at 604-267-3041 locally or toll-free 1-877-700-7021
SOURCE Sky Harvest Energy Corp.