Mass Megawatts
Announces Filing Form 10 to Register its Stock with the U.S.
Securities and Exchange Commission
WORCESTER, MA -- April 6, 2022 -- InvestorsHub NewsWire -- Mass
Megawatts Wind Power, Inc. (OTC
Pink: MMMW) reached an important milestone today by filing a
Registration Statement on Form 10 with the U.S. Securities and
Exchange Commission to register its common stock, no par, under the
Securities Exchange Act of 1934 as amended. The Form 10 filing
provides business and financial information of the Company. Upon
the effectiveness of the Form 10, Mass Megawatts will be required
to file periodic reports with the SEC. The registration will
generate better transparency with the investor
community.
In other recent news developments, the Company reported the best
cash position in its corporate history allowing the opportunity for
achieving its goals of producing sales toward the path of
profitability. The Company can move forward with new product
manufacturing and a few small commercial sales of the new patent
pending solar tracker. The use of solar trackers is known to reduce
the cost of solar powered electricity. Although Mass Megawatts 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 with the purpose of increasing energy output throughout
the day. The market is anticipated to have substantial growth due
to the growing need for renewable
energy.
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 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 Website.
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