Business Services Industry

Clear Skies Group's Solar Energy Installation to Power Hawthorne Machinery Headquarters

Business Wire, Jan 15, 2008

850 Panels Will Deliver 281,986 Kilowatt Hours of Electricity Each Year

NEW YORK -- Clear Skies Holdings, Inc. (OTCBB:CSKH), a leading developer of solar energy products and a full-service integration company specializing in the turnkey installation of commercial photovoltaic (PV) solar systems, today announced an agreement with Hawthorne Machinery to install a solar energy system at the company's 25-acre headquarters in Rancho Bernardo, CA.

Under the agreement, Clear Skies will install a 159 kw solar photovoltaic (PV) system designed to offset the majority of buildings' current energy usage charges. The contract price for the project is $1,281,800.

"This sale not only represents a major milestone for our company but also marks the beginning of a relationship with Hawthorne Machinery, a leader in providing heavy equipment to the construction industry," said Ezra Green, chief executive officer and chairman of the Clear Skies Group. "As their company continues to grow, the Clear Skies Group will be able to provide cost-effective energy solutions that suit their changing needs."

"Hawthorne Machinery will begin saving money the day the system is turned on," added Green. "In addition, over the working life of the system, the costs will not increase beyond the initial purchase price. The skyrocketing costs of traditional energy sources, coupled with an abundance of available rebates, makes the benefits of going solar not only feasible, but a smart financial investment for companies."

After federal tax credits and a performance-based incentive (PBI) from the California Solar Initiative (CSI), Hawthorne Machinery is expected to incur an effective purchase price of only 20% of the cost of the system.

About Hawthorne Machinery

With over 850 employees worldwide, Hawthorne Machinery Co. is headquartered in Rancho Bernardo, California. Hawthorne's 25 acre campus includes a 150,000 square feet facility under one roof. The extensive commercial complex is home to global sales, product support, parts, and service and finance personnel. Hawthorne Machinery Co., is an authorized Caterpillar dealer, provides sales, rentals, parts and service to contractors worldwide. The Caterpillar product line currently consists of more than 300 machines that are being updated continually to respond to contractors' changing needs. Hawthorne Machinery's sales territory also includes Hawaii, Guam, Baja Mexico, Northern Baja California, Samoa, Saipan, and Tonga. For more information visit http://www.hawthornecat.com.

About Clear Skies Group

Clear Skies Holdings, Inc. through its wholly owned subsidiary, Clear Skies Group, Inc. ("CSG"), provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSG was incorporated in 2003 and launched formal operations in 2005. During that time period, CSG developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSG has become one of the premier solar electric installation companies in the country. For more information about CSG, visit www.clearskiesgroup.com.

Forward-Looking Statement Disclaimer

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with Thompson Gale