Message #2 From:
NewsBot Date: July 17, 2006 06:00:00 AM
SKYY News SKYE International Using Siemens Technology in New Tankless Electric Water Heaters
CHANDLER, Ariz.--(BUSINESS WIRE)--July 17, 2006--SKYE International, Inc. (Pink Sheets:SKYY) today announced that the new FORTIS(TM) line of patented, high-performance tankless electric water heaters will include components from Siemens Energy and Automation, Inc. (NYSE:SI).
According to Thomas Kreitzer, President of SKYE, a company that manufactures high-end appliances, SKYE chose Siemens as the supplier of one of the most mission-critical components in the FORTIS(TM) line of tankless electric water heaters. The component, called the Siemens Sirius SC solid state relay, switches the heating power on and off.
According to Kreitzer, Siemens embodies the reputation for quality and engineering excellence.
"We examined the products of other solid state relay suppliers and were not convinced that they would be able to fulfill our demand for quality and maximum longevity," said Kreitzer.
Among other benefits, the Sirius SC relay offers a fault-proof method of connecting to the heater because there is only one way it can be connected. This elimination of error exemplifies what SKYE is striving for.
According to Kreitzer, the move to a solid state relay approach to heating water is a major advantage in the design and is also a key differentiator from the competition.
"No other water heater uses this technology," said Kreitzer. "The Siemens investment is a testament to SKYE's commitment to quality over cost. Siemens' solid state relay can switch the heater on up to 1,000 times a minute," he said. According to Kreitzer, SKYE believes that the Siemens components are one of the myriad advantages that the FORTIS(TM) offers consumers.
"The introduction of the FORTIS(TM) line into the marketplace means that American families can enjoy endless hot water while saving energy with this ultra-efficient appliance," he said.
Kreitzer said the FORTIS(TM) line will be available to consumers this fall as the manufacturing process began following the announcement of SKYE's first purchase order with Florida-based Jabil Circuit, Inc. (NYSE:JBL).
SKYE International, Inc. is an environmentally-focused company that designs innovative consumer appliances and products with leading edge technology and unparalleled functionality. SKYE's mission is to provide North American homes with better choices for everyday living by creating useful, multi-generational lifestyle products delivering reliability, innovation, functionality and ecological responsibility. For more information call 1-877-888-SKYE or visit www.skye-betterliving.com.
A recent case study published by Environmental Design + Construction magazine can be found at:
Siemens Energy & Automation, Inc. is one of Siemens' operating companies that manufactures and markets one of the world's broadest ranges of electrical and electronic products, systems and services to industrial and construction market customers. Its technologies range from circuit protection and energy management systems to process control, industrial software and totally integrated automation solutions. For more information visit www.sea.siemens.com.
Safe Harbor
This release includes forward-looking statements that can generally 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; 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 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.
