New York, May 09, 2025 — Skycorp Solar Group Limited (Nasdaq: PN) (“Skycorp” or “the Company”), a provider of solar PV products specializing in solar cables and connectors, celebrated its Nasdaq listing by ringing the Opening Bell. This event marks the beginning of a transformative phase in the company’s mission to promote the global adoption of renewable energy. This milestone aligns with Skycorp’s plans to establish a local presence in the United States, building a team to drive growth in this expanding market.

Mr. Weiqi Huang, Chief Executive Officer of the Company, stated, “We are in the process of establishing a subsidiary in the United States to capitalize on the growth opportunities presented by this rapidly developing market, where installed capacity is projected to double to 375 GW by 2030 (SEIA, 2024).” Mr. Huang added, “Currently, nearly 7% of the electricity in the U.S. is generated by solar energy, a more than sevenfold increase compared to ten years ago (SEIA, 2024). Skycorp’s Nasdaq listing provides crucial capital to facilitate our operational localization in the country.”

Mr. Huang further noted, “Skycorp intends to forge strategic alliances with U.S. financial institutions to jointly develop integrated solar-storage-charging projects and create local teams to enhance support for commercial and industrial clients, as well as conduct market research specifically tailored for the U.S. market.”

Years of Innovation: From Startup to Nasdaq

Founded in 2011 with the goal of “benefiting all human being with solar,” Skycorp has evolved into a leading supplier of solar cables and connectors. The Company’s patented fire-retardant solar cables and highly durable waterproof connectors, manufactured in compliance with European International Electrotechnical Commission and TÜV production standards, serve customers in over 30 countries and boast a 90% customer retention rate.

Future-Focused Initiatives

Skycorp announced in its prospectus its intention to introduce smart junction boxes and intelligent solar charging stations for EVs by the end of 2025. These products are designed to simplify the integration of renewable energy for both consumers and businesses.

Mr. Huang emphasized, “The U.S. market is essential to our global strategy. By localizing innovation, we also strive to make Skycorp synonymous with affordable, American-made solar solutions.”

About Skycorp Solar Group Limited

Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider specializing in the manufacture and sale of solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China.

The Company aims to become a green energy solutions provider by harnessing solar power and delivering environmentally friendly solar PV products. By leveraging its expertise in solar technologies and its relationships with global clients, the Company intends to expand its offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: .

Forward-Looking Statement

This press release includes forward-looking statements, which involve plans, objectives, goals, strategies, future events or performance, underlying assumptions, and other statements that are not statements of historical facts. The Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters to identify forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company’s expectations discussed in these statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at . The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date of this release.

For more information, please contact:

Skycorp Solar Group Limited
Cathy
Investor Relations
Email:
Tel: +86 185 0252 9641 (CN)

WFS Investor Relations Inc.
Connie Kang
Partner
Email:
Tel: +86 1381 185 7742 (CN)

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