Mass Megawatts Increases Focus on New Product and Sales
WORCESTER, MA -- August 17, 2016 -- InvestorsHub NewsWire --
Mass Megawatts Wind Power, Inc. (OTC:
MMMW) today announced that the company has taken steps to
increase the companys focus on building an infrastructure to sell
stationary solar power units available to customers while
finalizing efforts to bring a new solar tracking technology to the
marketplace. The new tracking units are anticipated to produce
electricity at a lower cost than stationary units. The patented
pending, Mass Megawatts Solar Tracking System (STS) is designed to
improve solar-energy production levels by more than 25% over
stationary, solar systems with the reduction of materials related
and installation costs.
One step to increase the companys focus on product related
issues is the reduction of our required reporting to regulators
with our recent filing of Form 15. Once certain milestones in
product and marketing is achieved at a future date, sufficient
investor interest would allow the Company a reasonable opportunity
to file a Form 10, Form S1 or Tier 2 Regulation A filing and to be
a SEC reporting company. Until the anticipated milestones are
achieved, the Company is avoiding the substantial costs, both
direct and indirect, associated with the preparation and filing of
periodic reports with the SEC, the additional legal and accounting
cost required, and the amount of time and money being spent on
reporting documents.
The patented pending, Mass Megawatts Solar Tracking System (STS)
is designed to automatically adjust the position of solar panels
throughout the day to receive an optimal-level of direct sunlight.
Unlike other solar tracking technologies, the Mass Megawatts STS
utilizes a low-cost structure that adds stability to the overall
system while also improving energy production levels. The STS also
uses a proprietary mechanical innovation to limit dynamic and
static loading on the tracker, which can occur during periods of
high wind and extreme weather, in order to reduce wind-related
stresses and system downtime. 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.
With its patent pending, Solar Tracking System, Wind Electric
Power Generation system, only approximately 60 million shares
issued and outstanding, $200,000 market capitalization, no toxic
debt, and very little other debt, Mass Megawatts believes it is
well positioned to ramp-up production in the next year or two while
expanding its infrastructure to support mass-production goals in
the longer term.
Product information and sales inquiries can be made through the
company's contact page at www.massmegawatts.com and the
e-mail address on the web site.
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 the Company 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.
Contact:
Mass Megawatts Wind Power, Inc.
info@massmegawatts.com
www.massmegawatts.com