Arizona-Based SKYE International Takes Final Step toward Production.Skye Submits Its FORTIS[TM] Tankless Water Heater Products to UL for Certification SCOTTSDALE, Ariz. -- SKYE International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SKYY) announced today that it has taken a major step towards commercial production of its highly anticipated FORTIS[TM] line of multi-patented, tankless electric water heaters by submitting several of its FORTIS[TM] units to Underwriters Laboratories Underwriters Laboratories Inc. is a U.S. not-for-profit, privately owned and operated product safety testing and certification organization. Based in Northbrook, Illinois, UL develops standards and test procedures for products, materials, components, assemblies, tools and Inc. (UL) for review and certification. After three years of development, Skye recently completed the final engineering and testing of its proprietary FORTIS[TM] tankless water heater products and obtaining UL certification is the last step to pave the way for commercialization. UL is an independent public safety standards Safety standards are standards designed to ensure the safety of products, activities or processes, etc. They may be advisory or compulsory and are normally laid down by an advisory or regulatory body that may be either voluntary or statutory. and compliance testing facility whose product safety certification is recognized and trusted by consumers and regulatory agencies worldwide. The UL certification process is expected to be completed in 5 - 6 weeks. The introduction of the FORTIS[TM] line of tankless electric water heaters will allow FORTIS[TM] owners to experience the freedom of virtually endless hot water and the energy savings that result from the ultra-efficient appliance. SKYE President Perry Logan stated, "We believe the FORTIS[TM] product line will set a new industry benchmark and we are excited that it will soon be available to consumers worldwide. From the high-end stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. finish and uncompromising component quality, to its industry leading performance, we believe the FORTIS[TM] has brand features that discerning home buyers will recognize and prefer when choosing a whole house water heater. With over 10 million water heaters replaced or installed in new homes every year in the US, we are confident that Skye's FORTIS[TM] tankless water heaters can secure a respected place in the industry." Tankless electric water heaters (a fraction of the size of traditional holding-tank style water heaters) have long been popular in Europe and Asia and the demand in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market has recently been increasing substantially because of consumer awareness of the obvious technological advantages of tankless water heaters; hot water that is continuously available and on demand (as compared to traditional water heaters which exhaust their hot water supply), significant economic advantages (water is only heated as needed as needed prn. See prn order. ) and obvious health benefits (no stagnant water storage). In addition, consumer trends now show a marked demand for state-of-the-art, high-quality and brand preference when selecting home appliances like refrigerators, ovens and plumbing fixtures. Even water heaters are gaining consumer brand recognition and SKYE aims to be the premium brand of choice for the benefit-aware consumer who is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. what is best for their home and ready to shift from old technology to a better, advanced and more efficient water heating Water heating is a thermodynamic process using an energy source to heat water above its initial temperature. Typical domestic uses of hot water are for cooking, cleaning, bathing, and space heating. In industry both hot water and water heated to steam have many uses. process. In February 2006, Skye entered into a nonexclusive manufacturing agreement with Jabil Circuit Jabil NYSE: JBL is a provider of electronic manufacturing services. Jabil designs and manufactures electronic circuit boards for major OEMs in a diverse group of industries including automotive, computing and storage, consumer products, medical, networking, peripherals and , Inc. (NYSE NYSE See: New York Stock Exchange :JBL JBL James Bullough Lansing (audio/speaker engineer) JBL Journal of Biblical Literature JBL John Bradshaw Leyfield (wrestler) JBL Jonathan Bell Lovelace (investment research) ) for the production of FORTIS[TM] tankless water heaters. Jabil, one of the world's largest international contract product manufacturers, is contracted to build Skye's initial FORTIS[TM] units at its Tempe, Arizona, facility. About SKYE SKYE International, Inc. designs innovative consumer appliances and products with leading edge technology. SKYE's mission is to provide homeowners worldwide with better choices for everyday living by creating useful, multi-generational lifestyle products delivering reliability, innovation, functionality and ecological responsibility. Visit us at: www.skyebetterliving.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This release includes forward-looking statements that generally can be identified by phrases such as SKYE or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Other risks and uncertainties include, but are not limited to: general economic conditions and conditions in the markets we address; the substantial losses the company has incurred to date; demand for and market acceptance of new products; successful development of new products; the timing of new product introductions and product quality; the company's ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. ; the ability of our customers to manage inventory; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and the demands it may place on the time and attention of company management; as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings. The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. |
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