Mass Megawatts With Best Cash Position in Years Being Critical Toward Producing Initial Patent Pending Solar Tracker Sales
December 03 2020 - 7:17AM
InvestorsHub NewsWire
Mass Megawatts
(OTC:MMMW) with Best Cash Position in Years Being Critical Toward
Producing Initial Patent Pending Solar Tracker
Sales
WORCESTER, MA --
December 3, 2020 -- InvestorsHub NewsWire -- Mass Megawatts Wind
Power, Inc. (OTC:MMMW)
announces progress toward initial new product corporate
growth objectives. It can be achieved with additional cash made
recently available to the company. The ability to move forward with
the growth of new product manufacturing and a few small commercial
sales of the new solar tracker product brings a new level of
optimism in gaining some traction with our new patent pending solar
tracker in 2021.
The use of solar
trackers is known to reduce the cost of solar powered electricity.
Although Mass Megawatts in 2021 is aiming to achieving a very small
fraction of global demand, the solar tracker market is anticipated
to be worth more than $3 billion by 2025 expanding from the current
market size of about $2 billion. Mass Megawatts sees an opportunity
to be part of the growing solar tracker market with a lower cost
product than the trackers marketed by other solar tracker companies
in this high growth segment of the solar energy market. A
solar tracker is a method of tracking the sun throughout the day
for a photovoltaic (PV) system. In order to increase energy output
throughout the day. The market is anticipated to have substantial
growth due to the growing need for renewable
energy.
In order to
encourage sales of a new technology, Mass Megawatts will produce a
limited supply of solar trackers to be sold at the cost to produce
the product for a limited amount of small commercial ground mounted
solar project. The discount will be primarily available to
purchasers with substantial knowledge of solar power installations.
The project owners would have to agree to a limited amount of
publicity related to the project. It is a good opportunity for any
business seeking to receive publicity related an effort to advance
renewable energy technology. The locations of the project
must be a short driving distance from central Massachusetts. More
information is available at www.massmegawatts.com
with
a contact page available for anyone seeking to get
involved.
Mass Megawatts is
finalizing efforts to bring a new Solar Tracking technology
with more electric cost savings for its customers in comparison to
its stationary units. The patented pending, Mass Megawatts ‘Solar
Tracking System’ (STS) is designed to improve solar-energy
production while and at the same time reduce material and
installation cost.
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 the cost of
material 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 and Wind Electric Power Generation
system, only approximately 66 million shares issued and
outstanding, and very little debt. Mass Megawatts believes it is
well positioned for expanded production and supporting its revenue
generation 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 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.
Contact:
Mass Megawatts
Wind Power, Inc.
info@massmegawatts.com
www.massmegawatts.com
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