RAHWAY, NJ, May 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Spectacular Solar, Inc. (a Nevada Corporation) (OTCPK: SPSO) is pleased to announce that the company has agreed to terms and has entered into a joint venture with SkyVue, LLC.
Reflecting its strategy of being fully integrated and utilizing the latest in scientific/high technology, Spectacular Solar has formed a joint venture with SkyVue, an established drone operations and aerial production company based in New Jersey. The partnership will return immediate dividends for Spectacular Solar as SkyVue will aid in solar system maintenance by combining thermal imaging technology and drone technology, which can detect dead modules and panels on the cell level and can determine the degradation level of each module.
“There is tremendous synergy between our two companies as both Greg (Gomes) are I clearly ‘out-of-the-box’ thinkers and doers,” said Doug Heck, CEO of Spectacular Solar. “This joint venture is going to produce valuable contracts that will have a strong positive effect on SPSO’s net revenue and will benefit SkyVue financially as well.”
Additionally, SkyVue offers a wide variety of commercial and consumer aerial production services, ranging from to real estate inspections to sports coverage to producing stock footage.
Gomes and his partner Josh Spooner have over 50 years of remote-controlled aerial platform flying and photography experience. With state-of-the-art aerial platforms in their arsenal, SkyVue has the wherewithal to get that perfect aerial still shot, film the unbelievable action shots or inspect the exterior of a 20-story commercial building.
The goal of the JV is to apply Spectacular Solar’s science-based approach to the ongoing development of drone-based applications, which includes residential and commercial heat mapping, airport designs, construction siting and other innovations.
“We are committed to pushing the edge of the envelope with technologies that have a primary or secondary place in the development of alternative energy sources,” Heck said. “This reflects our emerging goal to serve as a laboratory for innovation in a variety of technology sectors.”
Although Spectacular Solar and SkyVue will remain fully independent, both companies are committed working together for the long term on innovation through various industry verticals.
Heck, in keeping with his reputation of being an industry disruptor, was able to sum up the ultimate aspiration for the joint venture in a single sentence.
“Both companies are keen on seeking to move from ‘what is’ to ‘what can be.’”
For more information: please visit http://www.spectacularsolar.com and please follow us on Twitter: @SPECTACULARSOL1
Wyndham Hotel Project Video: https://www.youtube.com/watch?time_continue=74&v=BPLKjgdFaOw
About Spectacular Solar, Inc.: Spectacular Solar is a diversified company involved in solar system installations, investment fund management and roofing contracting through its subsidiaries. DC Solar Integrators designs and installs state-of-the-art solar conversions for home and business owners. Star Power Services is a bonded and licensed roofing contracting company with expertise in new roof installation, repairs and maintenance. The Solar Energy Investors Fund contributes to the ongoing insurance expenses directly associated with installation of solar systems. In return, the fund receives a share of tax benefits and ongoing revenue generated from electricity sales.
Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance. These statements reflect the company's current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company doesn’t undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.