Mass Megawatts Targets Profitable Fiscal Year Ending April 2016, and Seeks Certification of " No Death Spiral Finance" Status
April 17 2015 - 8:28AM
InvestorsHub NewsWire
Mass Megawatts Targets
Profitable Year for Fiscal Year Ending April 2016, and Seeks
Certification of “No Death Spiral Financing”
Status
WORCESTER, MA -- April
17, 2015 -- InvestorsHub NewsWire -- Mass Megawatts Wind Power,
Inc. (OTC:
MMMW) announced a goal today to be profitable in the next
fiscal year with sales of its new patent pending ‘Solar Tracking
System’ (STS). The Company recently announced a goal of a
small profit for the fiscal quarter ending July 31, 2015. The new
product is designed to automatically adjust the position of solar
panels to receive an optimal level of direct sunlight throughout
the day. Unlike other solar tracking technologies, the Mass
Megawatts STS utilizes a low-cost structure that adds stability to
the overall system while improving energy production
levels.
In
other important news, Mass Megawatts will use the new opportunities
available to receive certification of the company not having
convertible debt, toxic debt or other forms of death spiral
financing. There is a rapidly growing movement with investors for
the desire of those certifications. A real danger of toxic debt
exist with any investments even if a company’s business looks
positive.
Mass Megawatts repeatedly rejected ''Death
spiral financing'' or a process where convertible financing used to
fund to fund companies. The form of financing can cause a
public company’s stock to fall dramatically and can lead to the
company’s ultimate downfall. Many small companies rely on selling
convertible debt to fund their operations. This convertible debt,
often convertible debentures, can be converted to the common stock
of the issuing company at sizable discounts to the free market
value of the common stock. The holder of the convertible debt
initially shorts the issuer’s common stock resulting in a stock
price decline at which time some of the convertible debt is
converted to common shares with which the short positions are
covered. The debt holder continues to sell short and cover with
converted stock. The share price continues to weaken and makes the
shares unattractive to new investors and can severely limit the
company’s ability to obtain new financing if the need
arises.
The STS utilizes a revolutionary,
patent-pending framework that significantly reduces the torque
required to adjust the position of its solar panels throughout the
day. Unlike other tracking technologies that apply a
vertical, up-and-down motion, the STS rotates the solar panels into
position using a horizontal motion anchored at the base of each
solar unit. The amount of torque needed to accomplish the
tracking movement is minimal, and can be accomplished with a
simpler, lower-cost design.
The STS also allows multiple solar-units to
share the same tracking mechanism. This dramatically reduces
the cost to implement a solar tracking solution at larger capacity
installations, with costs projected to drop from 15+% down to
5%. This is a substantial savings that significantly improves
ROI and shortens the payback-period for a solar-power
investment. With the Mass Megawatts STS, you get a 28%
increase in solar-power generation with a minimal increase in
capital expenditures.
With its patent pending, Solar Tracking
System, and very little debt, Mass Megawatts believes it is well
positioned to ramp-up production in the shorter term while
expanding its infrastructure to support mass-production goals in
the longer term.
This press release contains forward-looking
statements that could be affected by risks and uncertainties. Among
the factors that could cause actual events to differ materially
from those indicated herein are: the failure of Mass Megawatts Wind
Power, also known as Mass Megawatts Windpower, to achieve or
maintain necessary zoning approvals with respect to the location of
its power developments; the ability to remain competitive; to
finance the marketing and sales of its electricity; general
economic conditions; and other risk factors detailed in periodic
reports filed by Mass Megawatts Wind Power.
Product information and sales inquiries can
be made through the company's contact page at
www.massmegawatts.com
Contact Information:
Mass Megawatts Wind Power,
Inc.
(508) 751-5432
www.massmegawatts.com
Mass Megawatts Wind Power (PK) (USOTC:MMMW)
Historical Stock Chart
From Apr 2024 to May 2024
Mass Megawatts Wind Power (PK) (USOTC:MMMW)
Historical Stock Chart
From May 2023 to May 2024