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electricity to communication towers,
mines, and communities that typically
rely on diesel or propane for power
generation, which results in reduced
costs to the user, as well as a smaller
environmental impact through the re-
duced use of fossil fuels and no risk of
on-site diesel spills. These turbines are
also suitable for rural areas of develop-
ing countries where grid infrastructure
is minimal or non-existent. They can
also be mounted near the upper por-
tion of commercial smoke stacks and
are powered by the updraft.
The principal advantages of a
vertical axis wind turbine include low
noise levels, minimal vibrations due
to low RPM, the ability to utilize wind
from any direction, ease of installation
and maintenance, durability, and very
low impact to wildlife. In addition,
the Sky Harvest turbine is self-starting
and begins to move at wind speeds
as low as two meters per second and
commence generating power at wind
speeds of three meters per second.
The additional advantages of the Sky
Harvest turbine when compared to its
competitors are its ability to withstand
temperatures well below freezing and
to operate without a driveshaft or
gearbox.
In connection with the acquisi-
tion, Sky Harvest›s President, Wil-
liam Iny, stated, «We are excited about
the potential market for our vertical
axis wind turbine given that there are
many areas of the world where hori-
zontal turbines are not feasible due to
a lack of infrastructure or public resis-
tance to large-scale projects. The initial
interest that we have received from
prospective customers is overwhelm-
ing and not only reflects the features of
our turbine, but also the potential mar-
ket for this type of product. Our Board
believes that this manufacture-ready
segment of our growing business will
bring additional value to our share-
holders. Through the development of
highly engineered vertical turbines,
our goal is to become the pre-eminent,
reliable supplier to the telecommuni-
cations and remote community power
generation sectors.»
In addition to planned manufac-
turing and sales activities, Sky Har-
vest will also focus on further turbine
research and development in order to
introduce new products for commer-
cial use. The company expects that this
may include grant or joint venture op-
portunities with government entities,
universities, and private corporations.
In connection with the acquisi-
tion, Sky Harvest has incorporated
a wholly-owned subsidiary under
the name «Sky Vertical Technologies
Inc.» («Sky Vertical») that holds the
assets and will undertake operations.
Sky Vertical›s initial Board of Direc-
tors consists of Kyle Loney and Harry
Bauskin. Mr. Loney will act as the sub-
sidiary’s President and Chief Executive
Officer while Patricia J. Shorr will act
as the Chief Financial Officer.
Mr. Loney has acted as a project
acquisition consultant to Sky Harvest
since 2011. He holds an Economics
degree from Union College in New
York and has acted as Vice-President
of Business Operations for the Ecogen
Group of Companies, which aids cli-
ents with solar power project develop-
ment. Ecogen›s projects to date have
involved over$300 million in capital
costs. Mr. Bauskin and Ms. Shorr both
act as directors of Sky Harvest since
2011.
Mr. Bauskin has extensive expe-
rience in the banking and investment
sectors, including various positions
with Bank Hapoalim, Israel›s largest
bank, over a 30 year period. These po-
sitions included acting as head of the
bank›s Torontoand Canadian divisions
and head of the Investment Advice
Division in Jerusalem.
Ms. Shorr has over 25 years of ex-
perience in the wind energy business.
Since 1999, Ms. Shorr has acted as a
principal of Spectrum Capital Corpora-
tion, a company that consults to wind
and solar energy developers and is
involved in the commercial mortgage
brokerage sector. During the course
of her career, Ms. Shorr has been in-
volved in renewable energy projects,
both completed and in development,
with an estimated aggregate cost of ap-
proximately$950 million.
Sky Harvest further announces that it
has granted stock options to consul-
tants of the Company to acquire up to
an aggregate of 500,000 shares of its
common stock at a price of $0.10 for a
period of five years. This grant is also
pursuant to the Company’s previously
announced 2011 Stock Option Plan.
Sky Harvest invites shareholders and
other interested parties to visit its web-
site located at
or contact Sky Harvest at 604-267-
3041
locally or toll-free at 1-877-700-
7021.
SKY HARVEST WINDPOWER CORP.
William Iny, CEO
Sky Harvest Windpower Corp. is
a United States and British Columbia
reporting issuer involved in develop-
ment stage wind power projects locat-
ed in southwest Saskatchewan, Cana-
da, as well as the design, manufacture,
and sale of vertical axis wind turbines.
