ARLINGTON, Va., Oct. 17, 2005 (PRIMEZONE) -- SkyBuilt Power, an energy solutions company, announced today it has signed a strategic investment and development agreement with In-Q-Tel, a private venture group established by the U.S. Central Intelligence Agency (CIA), to develop innovative, mobile, renewable energy power stations.
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"SkyBuilt Power provides innovative energy solutions with the potential to help meet a wide variety of critical government and commercial power needs," said Gilman Louie, president and CEO of In-Q-Tel. "In-Q-Tel's portfolio is made up of innovative and critically important commercial technologies that can address the most difficult technology challenges faced by both commercial enterprises and the national security community. SkyBuilt Power's proprietary technology offers great promise for leading edge applications for customers in the government and private sector."
SkyBuilt has developed rugged, rapidly deployable, plug and play, low maintenance, and mobile, energy systems that can use any combination of commercial solar, wind, micro-hydro, diesel, and other energy sources. According to Bill Buck, SkyBuilt's chairman, "SkyBuilt's power systems can provide power with no fuel. They can be used for backup power, remote telecom power, an emergency operations center for disaster relief teams, water pumping, a mobile medical clinic to refrigerate medicines in developing countries, infrastructure security, village grids, border patrols or a classroom with internet service."
One of SkyBuilt's innovative systems is the Mobile Power Station(tm) (MPS), the world's first plug and play, modular, containerized, mobile power system, with over 100 patent claims filed for its revolutionary drop and operate design. "The PC revolutionized the computer industry and made computers mobile and plug and play. Now the MPS can do the same thing for renewable and other energy systems," according to David Muchow, President and CEO of SkyBuilt.
The MPS sets up in hours and is a complete power system prepackaged in a standard freight container that can be shipped easily worldwide by sea, air, truck and rail. SkyBuilt's vice president, Scott Sklar noted that, "The MPS operates in any climate, needs no fuel, is very low maintenance, rugged, and can be remotely controlled. It can provide power from 3.5kW to 150kW or more at much lower fuel and maintenance costs than traditional fuel-based systems. It can use any combination of off the shelf components and provides more reliable power than most other systems on or off the power grid -- and, the MPS can run for decades with relatively little maintenance."
About SkyBuilt Power(r)
SkyBuilt Power(r) provides simpler, smarter, and more reliable energy solutions for military, homeland security, and commercial power needs worldwide. SkyBuilt's team includes experts in solar, wind, fuel cells, batteries, electricity, fossil fuels, engineering, telecommunications, law, utility and energy regulation, and other disciplines to provide better energy solutions. www.SkyBuilt.com.
About In-Q-Tel
In-Q-Tel is a private, independent, not-for-profit venture group established by the CIA. Launched in 1999, In-Q-Tel's mission is to identify and invest in companies developing cutting-edge information technologies that serve United States' national security interests. Working from an evolving strategic blueprint that defines the Intelligence Community's critical technology needs, In-Q-Tel engages with entrepreneurs, established companies, researchers and venture capitalists to deliver technologies that pay out in superior intelligence capabilities for the larger Intelligence Community. Learn more at www.in-q-tel.org.
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