Clear Skies Solar (CSKH) stock goes skyward on patent awards

Posted on: Thursday, May 5th, 2011
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Clear Skies Solar Inc. (OTCBB: CSKH) saw its stock price climb 12.6% Thursday morning to 2.5 cents, on word the Mineola, New York-based energy provider has received patent awards from both the Hong Kong and Chinese governments. Volume for the stock was 502,000 shares, rapidly catching up on an all-day average of 709,444.

The patent awards the company obtained are for its XTRAX® wireless data monitoring system held by its majority-owned subsidiary, Carbon 612 Corporation. Carbon 612 was established for the purpose of housing Clear Skies’ developing technologies related to renewable energy. The XTRAX® unit was specifically developed to collect and measure production data for the monetizing of residential and sub-50-Kilowatt commercial markets, but it has evolved into being available for licensing in other markets such as water and oil management.

The residential and small commercial markets comprise the vast majority of installations in the U.S. as well as most other countries. More than 120,000 solar energy systems are in operation in the U.S. to date and an increase of 30,000 during 2011 is projected.

The company goes on to say the award of these patents opens an enormous market for CSS and Carbon 612 in which to operate. Management of Clear Skies was not immediately available for comment.

Clear Skies Solar, Inc., through its wholly-owned subsidiary, Carbon 612, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country.

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Category: OTCBB, Penny Stocks, Technology Stocks
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