Mass Megawatts Releases the Frankenstein Solar Tracker to Slash Solar Cost 20%; Plans to Cap Shares at 67 Million
October 27 2014 - 6:01AM
InvestorsHub NewsWire
Worcester, MA - October 27, 2014 -
InvestorsHub NewsWire - Mass Megawatts Wind Power, Inc. (OTCQB:
MMMW) announces that the anticipated Frankenstein Solar-Power
Tracking System can be seen at https://www.youtube.com/watch?v=QTV6wWzfbFg.
This innovative, Solar-Power Tracking System (STS) is a
complete solar-power system designed to automatically adjust the
position of its solar panels throughout the day to receive an
optimal level of direct sunlight. This improves solar-power
generation by 28% while requiring only a 5% increase in system
cost.
With the patent-pending STS, Mass Megawatts
has developed a more efficient way to track the sun. While
conventional solar trackers may increase solar costs by 15% or more
to achieve a 25% power-output increase, the Mass Megawatts STS only
requires a 5% increase in system cost.
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.
Mass Megawatts is preparing for its next STS
installation that will deliver 25kW of capacity at a commercial
roof-top installation in Worcester Massachusetts. The STS
will provide energy for up to 30 homes in the local area. The
company is prioritizing requests for the STS from several companies
across the Northeast.
The company has also made a best-efforts
pledge to cap the authorized shares at the current level of 67
million. Mass Megawatts strategic plans are committed to
long-term shareholder growth through the execution of a business
model that gains market share, increase revenues and earnings, and
avoids stock dilution.
Mass Megawatts plans to finance future
expansion with the sale of solar projects and commercial units
using the conventional, contractor-method of financing.
An example of this type of project financing structure
would require one-third payment up-front, one-third payment halfway
through construction, and one-third payment at the completion of
the project. Other forms of financing may include a
limited version of a real estate trust whereas the solar project
would be treated in a manner similar to real
estate.
With its patent pending, Solar Tracking
System, Wind Electric-Power Generation system, a new retail sales
business, only approximately 50 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
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)
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