A MUST READ! Developmental Stage Company over 13 Y

A MUST READ! Developmental Stage Company over 13 Years now.

Before Sun Pacific Holding there was Sun Pacific Power Corp and its first shot at becoming a public company going back to 2013

https://www.sec.gov/Archives/edgar/data/15657...10-12g.htm

Any of the garbage below sound familiar? 13 Years earlier and the developmental stage continues.

Corporate Information

We were incorporated under the laws of the State of New Jersey on July 28, 2009, as Sun Pacific Power Corp. Our principal executive offices are located at 153 Freehold Road, Manalapan, New Jersey, 07726. We have not filed any bankruptcy, receivership or similar proceeding. We have not had any material reclassification, merger, consolidation, or purchase or sale of a signification amount of assets not in the ordinary course of business.

Overview

Originally, the primary business model of Sun Pacific Power Corp, (“Sun Pacific”) was to provide renewable energy solutions to large consumers of fossil fuel derived power; with a particular focus on water treatment facilities worldwide. The Company currently operates in three (3) distinct areas, as a manufacturer of Solar panels (???) , installer of Solar Powered Bus Shelters and Electrical Contracting.(NOT ANYMORE)

Solar Panels

In May, 2011, we designed a unique canopy system for building solar arrays where property limitations currently exist and shifted our business focus towards becoming a designer and manufacturer of solar panels. Our canopy design will allow large commercial/industrial users of fossil fuel based power to consider solar as an alternative energy source because it is light weight and generally costs less to install.

In developing our canopy system, we researched solar panel suppliers and identified a non-glass solar panel that is lighter, more durable and equally efficient as traditional glass solar panels . This non-glass solar panel works well with our canopy system. We were able to identify only a few non-glass solar panel manufactures in the United States; each produce minimal panels each year. Because of the minimal panels that were produced by these manufactures, we believed we were uniquely suited to enter into this market and manufacture our own panels. We have identified niche markets that we intend to pursue with our unique non-glass integrated solar panel designs. We have focused our attention to the development of niche markets that would be, in our opinion, better suited for a non-glass solar panel. As we have developed our plans we have introduced our non-glass solar panel designs to some of the industries that we believe would be suited for this design. We received enough interest to lead us to believe there was an opportunity for the Company to establish itself as one of the limited manufactures of non-glass solar panel designs. We do have a patent pending and we are currently waiting for approval of our non-glass solar panel design by Underwriters Laboratory (“UL”). The Underwriters Laboratory is a testing facility that approves any electrical product before it can be sold in the open market. (7 YEARS LATER/SAME SONG & DANCE

Once we were comfortable that there was an opportunity, we then entered into a Teaming Agreement in March, 2012 and renewed the Agreement on December 4, 2014 with Federal Prison Industries, Inc., for use of two facilities of the Federal Prison System in order to produce glass panels as well as assist us with the production of our non-glass panels once they are approved. Because not all consumers see the benefit of non-glass panels management felt it would be in the Company’s best interest to offer a glass panel option. The Federal Prison System facilities located in New York and Oregon, have state of the art capacities and trained individuals who are certified to produce our products as well as being able to provide a 25 year Federal Government Warranty on the products manufactured at each location (WHAT HAPPENED??). The glass panels are currently being produced with state of the art machinery facilitated by Spire (LIKE STION...ALSO OUT OF BUSINESS), a US manufacturer of photovoltaic equipment , which allows us to produce from 200 w to 240 w panels multicrystalline; using a junction box with high tolerance levels. These panels are standard to the industry but allow us to also offer the Federal Government Warranty of 25 years. These product procurements also allow us to bid on all government entity projects utilizing solar technology for any military or federal facility with preferential pricing. While we await approval from UL on our non-glass panels we are selling glass panels to our customer base. We also use our glass panels in our bus shelters. (NOW FOR SALE ON TWITTER)

Over the last several years the costs of traditional glass solar panels has decreased substantially as a result of more supply and competition in the market place. We found one of our major challenges was being able to produce a non-glass solar panel at a price point that was competitive in the market . We are able to produce 6 MW of solar panels per month. One of the largest costs comes from monocrystalline cells. The costs of these cells has however decreased dramatically as cell production has increased world-wide in recent years. Although the selling price of Sun Pacific’s non-glass solar panel will be higher than traditional panels the installation costs are less because the panels are forty percent (40%) lighter in weight and require less man-power to install and less support structure to be built to hold the panels. A few of the niche non-glass solar panel applications we have identified and are actively marketing are canopy structures, roof-tops for golf carts, building facades, highway barrier facades, and landfills (GOING ON 7 YEARS NOW).

in my humble opinion

cheers