Mass Megawatts Wind Power, Inc. Announces Modified Improvements of its Patent Pending Low-Cost, Solar Tracking Systems
February 21 2014 - 8:46AM
Access Wire
WORCESTER, MA - (ACCESSWIRE - February 21, 2014) - Mass
Megawatts Wind Power, Inc. (MMMW) today announces modifications of
its solar tracking system to be introduced in April 2014. The
patent pending, Mass Megawatts ‘Solar Tracking System’ (STS) is
designed to increase solar energy production by approximately 25%
for less than an estimated 7% additional cost than a standard
stationary configuration. The new product automatically
adjusts 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.
The STS utilizes an innovative structural design that combines a
simple, yet robust, A-frame design with a low-cost, protective
outer-wall. Using a non-electrical, and passive, tracking
technology, the solar panels are automatically repositioned
throughout the day as the sun's position travels from east to
west. Other tracking systems are subject to wind related
structural stress and are more expensive to overcome for weather
related issues. Some designs in the solar market are more
expensive than the stationary units.
The STS allows Mass Megawatts to lower material costs and reduce
the number of solar panels needed to generate the rated
capacity. Due to this advantage, Mass Megawatts can deliver
more solar power production at a price similar to lower-capacity,
stationary systems. Specifically, the company plans to offer
6.25 kW rated STS units at a price that’s competitive to
stationary, 5 kW systems. In the best locations with high
electric prices and good incentives, this improved output
translates into rate of return on investment of more than 25
percent. In other locations, the investment payback is projected to
be less than three and one half years. Further, by taking
advantage of a lease program or power purchase agreement (PPA)
arrangement with the company, a customer may realize an immediate,
positive cash flow, as immediate energy savings and/or revenues
will be realized and/or exceed the monthly payments due.
Starting at 6.25 kW rated units, a Mass Megawatts STS system is
appropriate for ground-level, residential and business sites, as
well as, commercial, roof-top installations. Mass Megawatts
coordinates all aspects of system delivery, including permitting,
installation, and working to obtain any available tax
incentives. They monitor the performance of each system, and
provide a full, performance guarantee.
With its patent pending, Solar Tracking System, Wind Electric Power
Generation system, only approximately 35 million shares issued and
outstanding 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. Additionally, Mass Megawatts
Wind Power stock quote and Mass Megawatts stock price may be
impacted by global condition. Mass Megawatts Wind Power Inc.
expected and anticipated positive and negative impact on the Mass
Megawatts stock price and the MMMW stock quote.
Product information and sales inquiries can be made through the
company's contact page at http://www.massmegawatts.com/.
SOURCE: Mass Megawatts Wind Power, Inc.
Mass Megawatts Wind Power (PK) (USOTC:MMMW)
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