Dear Interested Stakeholders,
Thank you for taking the time to get to know Skypoint Solar and our plans to (initially) deploy photovoltaic manufacturing capabilities here in the U.S. In my 25 years of working (or should I say playing!) in PV, I am so very excited to have the opportunity to complete the journey - from Atoms to Arrays. I have been fortunate in seeing the evolution of this industry from several perspectives and I am confident that Skypoint represents the "best of the best" in so far as an execution strategy is concerned.
There are certainly opportunities to start a PV manufacturing business in far-away places with lots of financial subsidies and exploding markets. However, I feel that the tide is shifting towards the nascent, though certainly HUGE, U.S. marketplace. We believe domestic manufacturing is best positioned to serve domestic markets. Unlike semiconductor chips, where the relative cost of shipping to product value is very low, the same is not true for PV products. Additionally, we are finding tremendous support at the State level for locating manufacturing operations in designated, high-value areas. Not quite Germany yet, but a very good start. As Skypoint builds domestic capability, we can then strategically position ourselves internationally where it makes the most sense.
Although Skypoint will initially be purchasing "turnkey" factories from one of several respected vendors in the space, actually turning the key and subsequently improving on the mileage (megawatts per year of production) will require a strong parallel effort in both Operations and R&D. Our Team is well positioned to excel in this arena. Additionally, we believe a strong company has both depth and breadth. Our horizontal technology diversification strategy will uniquely position Skypoint to compete in the coming years, while our vertical integration efforts, both up and down-stream, will position the Company to excel in financial performance.
Despite a currently sagging domestic economy and relative uncertainty in our long-term energy policy, there is no doubt that a primary and long-term solution to our economic challenges is a transition from a hydrocarbon to a solar economy. And since this transition represents an enormous global business opportunity, we continue to encounter many in the investment community, both domestically and worldwide, who can clearly see the substantial opportunity for doing well by doing good.
We look forward to our continuing dialogue with you and to your expressed interest in this investment opportunity.
Sincerely,
John R. Tuttle, Ph.D.
Chief Executive Officer