Mass Megawatts Wind Power Inc (MMMW)

[DeDe3]

From a 2002 interview with WPI: Worcester Polytechnic Institute


http://www.wpiventureforum.org/Images/CMS/VentureForum/jan2002.pdf




Case Presenter
Mass Megawatts, Inc.
Jonathan C. Ricker, president and founder
11 Maple Avenue
Shrewsbury, MA 01545
508-751-5432 phone
508-842-1802 fax
508-942-3531 cell
www.massmegawatts.com

As the global community searches for viable alternatives to fossil fuel energy, one source remains virtually overlooked –the wind. Jonathan C. Ricker is tapping into that under-utilized resource. President and founder of Mass Megawatts, Inc., Ricker has been
researching wind power generators for the last ten years. His version of a wind-powered electric generator, known as a Multi-Axis Turbosystem or M.A.T., is a 24-foot tall, 24-foot wide and 24-foot long steel structure that begins generating electricity with a wind speed of 14 mph. Since wind speeds average just over 15 mph, the design is profitable, according to Ricker. Recently, Mass Megawatts built one of its high-tech windmills atop Dresser Hill in Charlton. This prototype is capable of generating
two kilowatts of energy, which services only a portion of a single-family home. In the next five years, Ricker hopes to manufacture thousands of M.A.T.s for worldwide distribution. Each structure would produce one million kilowatt hours of energy annually, enough to supply power to approximately 150 homes.
The low cost factor of the generator makes it even more appealing.

Ricker estimates that each unit could generate electricity for less than three cents per kilowatt, significantly lower than traditional sources, depending on the average wind speed. Companies that receive tax credits and use the new wind-powered generators would realize even greater savings. Ricker graduated from Bentley College with a bachelor’s degree in business and accounting. Before turning to renewable energy sources,
Ricker had attended many inventors' conferences and had built
an anti-collision device for automobiles. Following Ricker’s presentation, a panel of experts will offer comments and constructive feedback. Alan Glou of Glou International Inc.,
an executive recruiting firm, brings his expertise
in the issues of executive search and management consulting
issues to the panel. Two other as-yet unnamed business experts will join Glouin providing Ricker with helpful suggestions in
his search for venture capital funding. VF




(In this interview from 2002, it states he was hoping to manufacture thousands of MATS in the next 5 years., business and economics what they are, as well as improvements since this article, in addition to the recent articles/pr's stating he is ready to go to production this quarter could indicate the time is near for his business plan to unfold, it seems he has stuck with this project for over 15 years.)


In this more recent PR from August 14th it appears the improvment is from 2kw to 6.25 kw rated units.. http://www.accesswire.com/viewarticle.aspx?id=419104

it states the STS is making 6.25kw , or am I interpreting this statement incorrectly?

The patent pending, Mass Megawatts '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. 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 25% or more.
Starting at 6.25 kW rated units, the Mass Megawatts STS 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.
Mass Megawatts reports strong demand from both residential and business energy-consumers. To accelerate market penetration, the company plans to leverage recently developed, strategic-partnerships with established solar-power companies in the Northeastern United States.
With its patent pending, Solar Tracking System, 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


and this from the 10/25/2013 PR:
http://www.accesswire.com/408958/Mass-Megawatts-Anticipates-the--Start-of-Construction-on-First-No-Money-Down-Power-Purchase-Agreement-for-Low-Cost-Solar-Tracking-System-in-November

With a PPA, Mass Megawatts would own the STS at the customer’s home or business location. The company would install and maintain it, at no cost to the customer. The customer would only pay for the electricity that’s actually generated by the system, at a rate that’s below their current electricity rate. In this manner, customers encounter no up-front costs to acquire an STS, while realizing immediate savings from the clean, solar power generated by the STS. In many cases, customers that enter into a PPA with Mass Megawatts can expect to see their electricity costs reduced by over 20%.