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Wednesday, August 17, 2016 10:19:48 AM
Source: InvestorsHub NewsWire
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
Recent MMMW News
- Mass Megawatts Announces Several New Product Lines with Lowest and Competitive Prices as a Source of Generating Revenue in this Fiscal Quarter and to Help Market our Patent Pending Solar Tracker • InvestorsHub NewsWire • 02/22/2024 01:00:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/12/2024 11:01:42 AM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/09/2024 06:02:22 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 01/26/2024 10:03:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 09:20:13 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/06/2023 05:30:56 PM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/08/2023 05:05:04 PM
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- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/25/2023 08:21:47 PM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 07/24/2023 04:15:07 AM
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