Symbol: SKYH:OTC Markets
VANCOUVER, Dec. 5, 2013 /PRNewswire/ - Sky Harvest Energy Corp. is pleased to announce that it has reached an agreement with the Northern Centre for Advanced Technologies Inc. ("NORCAT"), a private non-profit organization based in Sudbury, Ontario that has a mandate to foster the growth of innovative and scalable companies, whereby Sky Harvest's subsidiary, Sky Vertical Technologies Inc., will move its vertical wind axis turbine testing and manufacturing facilities to its 70,000 square foot incubator and development facility. The arrangement is expected to allow Sky Vertical to streamline its operations and achieve higher productivity while significantly reducing its overhead.
As a patron of NORCAT, Sky Vertical will have access to its state-of-the-art technology incubation facility, which includes its Underground Mine Testing Centre that provides resources and equipment to support technology testing in an operating mine environment, as well as product testing services for harsh and extreme climates. NORCAT will also aid Sky Vertical in accessing global experts and advisors in the sector with the aim of helping the Company grow, create knowledge economy employment opportunities, and generate wealth. NORCAT's services will include assisting with product technical design, engineering, and development; prototyping, testing, and enhancing speed to market; and arranging capital services, grants, and forgivable loans.
In connection with Sky Vertical's arrangement with NORCAT, Sky Harvest's C.E.O., William Iny stated, "We are excited about the opportunities that are likely to emerge as a result of our newly-formed relationship with NORCAT. In discussions with its principals, it is clear that there is great potential for synergy between our organizations. NORCAT has the tools and connections to help us expand our business quickly and we hope to play a role in contributing to its other business efforts. Reliable, economical, and environmentally friendly sources of electricity are a key concern of many of its mining company clients and we hope that our relationship with NORCAT will help fulfill this need. NORCAT has developed a broad collaborative network with organizations such as the Northern Ontario Heritage Fund Corporation, the Northwest Ontario Innovation Centre, the N.R.C. Industrial Research Assistance Program, and the Ontario Network of Entrepreneurs. We hope that we can help these groups attain their regional development goals while also creating value for our shareholders."
Sky Harvest invites shareholders and other interested parties to visit its website located at www.skyharvestenergy.com. You may also contact Sky Harvest at 604-267-3041 locally or toll-free 1-877-700-7021
SKY HARVEST ENERGY CORP.
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 it will have access to NORCAT's state-of-the-art technology incubation facility, its Underground Mine Testing Centre, and its product testing services; that NORCAT will aid Sky Vertical in accessing experts and advisors; that the Company will grow and generate wealth; that opportunities will emerge from the Company's relationship with NORCAT and result in rapid business expansion; and that organizations that collaborate with NORCAT will provide value to the Company.
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 NORCAT's facilities may not be suited to development of its technology, that parties that collaborate with NORCAT may not assist the Company, or that the Company may not have sufficient funds to take advantage of the opportunities that NORCAT offers. 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.
SOURCE Sky Harvest Energy Corp.