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Furling Shop Fabrication Time
4/15/08
(1) Furling system stand off, 4”x 4”x ¼” steel tubing, 26” long
24 cuts at 3 minutes per cut= 72 minutes
24 holes at 2 min/hole= 48 minutes (tower mount holes)
4 holes x 24 pieces x 1 hole/min= 96 minutes (rail mount plates)
(2) Strut bar to brace tower top leg 4”x 4”x ¼” steel angle
4 pieces x 2 holes/piece x 2 min/hole= 16minutes drilling
(3) Tower top leg 4”x 4”x ¼” steel tubing, 8’ long
Joint plate weld, 16” x 4 x 1”/min= 64 minutes weld time
Clamp plate holes 4 holes x 3 min/hole= 12 min
(4) Tubing supports, 4”x 4”x ½” steel angle, 4” long, same as tower pieces
24 cuts at 3 min/cut= 72 minutes
12” weld x 24 pieces x 1”/min= 288 min
(5) Garage channel mount plate 2” x ¼” x 8’ long (note 1)
12 pieces x 2 holes x 1 min/hole= 24 min
(6) Garage channel mount plate 2” x ¼” x 10’ long (note 1)
18 pieces x 2 holes x 1 min/hole= 36 min
(7) Bearing mount plates 4” x ½” x 8” long, see detail drawing
18 cuts x 2 minutes /cut= 36 minutes
18 pieces x 12” weld x 1”/min= 216 minutes
18 pieces x 4 holes x 2 min/hole= 144 minutes
18 pieces x 1 hole and slot cut x 4 min/slot= 72 minutes
(8) End clamp plate 4”x 8” x Y” thick, same as tower pieces
16 cuts at 3 min each= 48 minutes
16 plates x 2 holes/plate x 2 min/hole= 96 minutes
(9) Panel Cross Rails 1 ½” x 1/8”, 9’4” long,
48 cuts to 9’4” x 2 min/cut= 96 minutes
9” of weld per rail x 48 rails x 1”/min= 432 minutes
28 holes/panel x 3 panels x 1 min/hole= 84 minutes
(10) Panel Side Rails 2” x ¼” steel angle, 5’ long
15 cuts x 2 min/cut= 30 minutes
20 axles/panel x 4 holes x 3 panels x 1 hole/minute= 240 minutes
4 axles/panel x 4 holes x 3 panels x 1 hole/min= 48 minutes
(11) Chain end plate, #35 chain
12 pieces 4 holes/plate x 1 min/hole= 48 minutes
(12) Furling panel counter weight, 6 each of 6” pipe, 24” long, with chain attachment bar and hole to fill pipe.
6 cuts x 4 min/cut= 24 minutes to cut pipe
12 cuts x 3 min/cut= 48 minutes to cut top and bottom plate
12 cuts x 2 min/cut= 24 minutes for chain attachment plates
6 holes x 4 min/hole= 24 minutes drilling fill holes
12 holes x 3 min/hole= 24 minutes drilling chain attachment holes
12 welds x 19” x 1”/min= 228 minutes end plate welds
12 welds x 15” x 1”/min= 180 minutes chain attachment plates
Note 1: Need detail of garage rail mounting to determine holes to be drilled in this rail and time in shop fabrication.
Shop Fabrication Time by operation
Cutting Drilling Welding
(1) 72 144
(2) 16
(3) 12 64
(4) 72 288
(5) 24
(6) 36
(7) 36 216 216
(8) 48 96
(9) 96 84 432
(10) 30 288
(11) 48
(12) 72 48 408
426 1012 1408
2846 minutes of shop fabrication time on the furling system
47 hours of shop fabrication time
Does not include vertical webs for furling panels and some drilling for garage rail mounting.
Tower Shop Fabrication Time
02/26/2008
(Does not include furling system or augmenter components such as welding on the furling standoff support brackets.)
Does not include the strut brace fabrication details.
Does not include drilling holes in the legs for the clamp plates.
Does not include drilling holes in the cross braces or cross bars for attachment to legs.
Does not include holes in top cross braces for strut bars.
1) Tubing Supports 4” x 4” x ½” steel angle, 118 pieces Drawing D-02
117 cuts @ 3 minutes each = 351 cutting minutes
12” weld per piece x 118 pcs. = 1416 welding minutes
2) 1/8” Fabreeka Pad for bearings, 130 pieces, Drawing D-11A
Cut to dimension and drill or punch holes
130 cuts @ 3 minutes each = 390 cutting minutes
3) Thrust bearing Support 4” x 4” x ½” x 8” long steel angle Drawing D-02
11 cuts @ 3 minutes each = 33 cutting minutes
48 holes @ 1 minute each = 48 drilling minutes
24” weld per piece x 12 pieces = 288 welding minutes
4) ½” Fabreeka Pad for legs, 8 pieces, Drawing D-14A
Cut to dimension and drill or punch holes
8 cuts @ 8 minutes each = 64 cutting minutes
5) Bearing Plates for rotors, 8” w x 11” l x ½” t, 72 pieces, Drawing D-04
71 cuts @ 3 min each = 213 cutting minutes
6 holes x 72 plates x 1 minute= 432 drilling minutes
16” weld x 72 plates x 1” min = 1152 welding minutes
6) Bearing plates above thrust bearing support and top cross bar, 24 pieces, 8”W x 7 ½” L x ½” T, Drawing D-13A
24 cuts @ 3 min each= 72 cutting minutes
4 holes x 24 plates x 1 min= 96 drilling minutes
16” weld x 24 plates x 1” min= 384 welding minutes
7) Foot Plates, 12” x 12” x 1”, 8 pieces, Drawing D-05
8 cuts @ 12 minutes each= 96 cutting minutes
4 holes/plate x 8 plates x 3 min/hole= 96 drilling minutes
8) Generator Mounting Plates 12”W x 32”L x ½”T, 12 pieces, no drawing
12 cuts @ 6 min each= 72 cutting minutes
6 holes/plate x 12 plates x 1 min/hole= 72 drilling minutes
24” weld x 12 plates x 1”/min= 288 welding minutes
9)Leg joint plate 7” x 7” x Y” thick, 24 pieces, no drawing
24 cuts @ 4 min/cut= 96 cutting minutes
4 holes/plate x 24 plates x 1 min/hole= 96 drilling minutes
16” of weld x 24 plates = 384 welding minutes
10) End clamp plates 4”W x 8”L x Y” thick, 112 pieces, no drawing
112 cuts @ 2 min/cut= 224 cutting minutes
2 holes/plate x 112 plates x 1min/hole= 224 drilling minutes
11) Straddle clamp plates 4”W x 12”L x Y” thick, 144 pieces, no drawing
144 cuts @ 2 min/cut= 288 cutting minutes
3 holes/plate x 144 plates x 1 min/hole= 532 drilling minutes
12) Cable Stay Anchors, 3”W x 6”L x 3/8” T, 20 pieces, no drawing
20 cuts @ 2 min/cut= 40 cutting minutes
2 holes/plate x 20 plates x 1 min/hole= 40 drilling minutes
8” weld/plate x 20 plates= 160 welding minutes
13) Bearing Plate Gussets, 2” x ½” flat bar, 24 pieces, 32” long, no drawing
24 cuts @ 2 min/cut= 48 cutting minutes
64” weld x 24 pieces x 1”/min= 1536 welding minutes
14) Leg Gussets, 4”W x ½”T x 12”L flat bar steel, 32 pieces, no drawing
32 cuts @ 3 min/cut= 96 cutting minutes
144” weld/leg x 8 legs x 1”/min 1152 welding minutes
15) Tower leg holes for clamp and straddle plates, no drawing
56 end clamp holes x 1 min/hole= 56 drilling minutes
38 straddle clamp holes x 1 min/hole = 38 drilling minutes
Cutting Minutes Drilling minutes Welding minutes
1) 351 1416
2) 390
3) 33 48 288
4) 64
5) 213 432 1152
6) 72 96 384
7) 96 96
8) 72 72 288
9) 96 96 384
10) 224 224
11) 288 532
12) 40 40 160
13) 48 1536
14) 96 1152
15) 94
2083 1730 6760
176 hours of shop fabrication time for the tower structure only.
MAT Site Fabrication Time
Day 1) Get the workers to the site and set up in the living quarters: 3 men, 1 day, 3 man days
Day 2) Perform training at the site, receive rental equipment, off load components, set up equipment at the work site, set up canopy, set up travel trailer, set up tooling: 3 men, 1 day, 3 man days
Day 3) Dismount the meteorological tower, disassemble, spool the guy wires, move the endangered cactus plants, mark the area to be mowed and clear the area for construction: 4 men, 1 day, 4 man days.
Day 4) Survey markers for tower foundations, augmenter foundations, augmenter guy anchors, move components to assembly area and begin assembly. Order hardware needed to complete tower and augmenter assembly. 3 men, 1 day, 3 man days.
Day 5) Dig holes for tower foundations, augmenter foundations and guy anchors, checking depths and widths, receive hardware and lumber for assembly. Commence layout of lumber for pole assembly. 3 men, 1 day, 3 man days.
Day 6) Perform weekly training evolution. Dig holes for tower foundations, augmenter foundations and guy wire anchors. Set foundations in place and level and align foundations to the survey markers. Continue tower assembly including the generator cross bars with generators and gear reducers and pole assembly as possible to minimize interference with foundation work. 3 men, 1 day, 3 man days.
Day 7) Back fill the foundations, check level and location of foundations. Commence tower assembly starting with leg #1 and continue. 3 men, 1 day, 3 man days
Day 8) Check level and location of foundations, continue tower assembly from previous day, check tower square and following procedures for bolt torque. 3 men, 1 day, 3 man days.
Day 9) Continue tower assembly from previous day, check tower square and follow procedures for bolt torque. 3 men, 1 day, 3 man days.
Day 10) Install rotor stacks as per the procedure, continue fabricating augmenter poles. 3 men, 1 day, 3 man days.
Day 11) Perform weekly training evolution. Install rotor stacks as per the procedure, continue fabricating augmenter poles. 3 men, 1 day, 3 man days.
Day 12) Install the furling system as per the procedure, continue fabricating augmenter poles. 3 men, 1 day, 3 man days
Day 13) Install the furling system as per the procedure, continue fabricating augmenter poles, cut out corner pieces for the dump panels.
Day 14) Install the furling system and the interior anemometer, lay out canvas pieces for the augmenter and dump panels, lay out lumber and hardware for dump panels. 3 men, 1 day, 3 man days.
Day 15) Contact electrical contractor to run conduit and wiring to the generators, brakes, and proximity sensors, commence augmenter pole erection. 3 men, 1 day, 3 man days.
Day 16) Perform weekly training evolution. Continue augmenter pole erection. 3 men, 1 day, 3 man days.
Day 17) String cables for canvas installation, commence canvas installation, commence building dump panels based on measurements between the poles. 3 men, 1 day, 3 man days.
Day 18) Continue canvas installation and dump panel fabrication. Commence installation of dump panels. 3 men, 1 day, 3 man days.
Day 19) Finish Canvas installation and dump panel installation. 3 men, 1 day, 3 man days.
Day 20) Commence tower commissioning procedure, clean up work site. Perform touch up painting on the tower. 3 men, 1 day, 3 man days
Day 21) Perform weekly training evolution. Work on tower commissioning, clean up work site, perform touch up painting on the tower. 3 men, 1 day, 3 man days.
Day 22) Work on tower commissioning, 2 men, 1 day, 2 man days.
Day 23) Perform operations and maintenance training for Ameresco and DPW. 1 man, 1 day, 1 man day.
Introduction
One Megawatts Multiaxis Turbosystem
Mass Production Cost allows for less cost of materials and labor with increased opportunities for production automation.
Rate of return at 7.5 cents kWh without leveraged financing
Class 4 (13 mph wind at 30 feet) = 14.6 % New York
Class 5 (13.5 mph wind at 30 feet) = 19.8 % New Hampshire, Maine
Class 6 (15 mph wind at 30 feet) = 28% California, Colorado
With leveraged financing of 9% interest and 65 % loan ( 12 year repayment of principle is funded from the non cash expense of the 10 year depreciation), the rate of return would be approximately the following. Based on specific finance terms, the actual rate of return may be different. Your local banker may give similar , higher or lower actual rates of return with leveraged financing. Tax credits and 5 year accelerated depreciation are additional benefits.
Class 4 (13 mph wind at 30 feet) = 21 % New York
Class 5 (13.5 mph wind at 30 feet) = 34 % New Hampshire, Maine
Class 6 (15 mph wind at 30 feet) = 58 % California, Colorado
Brief explanation of cost reduction
The cost reductions are results from improvements in the vertical-axis wind power plant design. For example, the small MAT blades can be mass-produced with many standard and readily available parts. It permit more cost-effective components to be used. The small blades are more resistant to wear than most standard technologies, which require large, custom-finished turbine blades. Using smaller blades is another area of major cost reductions In comparing a 30 foot blade with a three foot blade, the thirty foot blade may have a 100 times the output but it uses 1000 times more material. In addition to the blade cost reductions, there are other innovations leading to more cost reduction. There is cost reduction in eliminating the changing of the configuration and orientation of the wind power unit. As a result, the MAT, more efficiently, gathers the mechanical power of the wind. It also reduces the structural complexity and costs. Another key advantage lies in locating the drive train and generator at the ground level. This allows easier access and reduces vibration stresses. As a result, there is a reduction in maintenance costs. It makes it likely that the MAT units will last longer than standard wind turbines.
Average wind speed may be different 10 percent or more from year to year and the rate of return may be greater or less each year.
Budget Summary using 7.5 cents kWh
Cost of one megawatt wind system and installation is $630,000
Add projected cost of project development $120 per rated kilowatt
Total project cost (projected) $750,000 not including land
Note: In this draft, we have added $120 kW cost for site development (not including land). In some cases it may be higher or lower and it is only an estimate. We also added 10 percent of sales maintenance fee for Mass Megawatts which include administrative and royalty expenses.
Revenue Projections
Calculation is based on the following:
Total Kilowatt hour per year
At 12.3 mph 1.58 million kWh per year
X price per kilowatt/hour x 0.075
Total Revenue $118,500
For 13.4 mph ($118,500 x 1.25) $148,125
For 14.1 mph ($148,125 x 1.20) $177,750
Income for 14.1 mph (class 4) 7.5 cents kWh
Revenue $177,750
Less: Expenses
15 year depreciation 50,000
Operation and
Maintenance 17,000 67,000
Income $110,750 or 14.6% rate of return
Income for (class 5) 7.5 cents kWh
Revenue $221,000
Less: Expenses
15 year depreciation 50,000
Operation and
Maintenance 22,000 72,000
Income $149,000 or 19.8% rate of return
Income for (Class 6) 7.5 cents kWh- New Mexico
Revenue $ 288,000
Less: Expenses
15 year depreciation 50,000
Operation and
Maintenance 28,000 78,000
Income $210,000 or 28% rate of return
One Megawatt
Capital Cost-mass production estimate
Note: Mass Megawatts gross profit margin is higher than the previous pro forma statements and Mass Megawatts receives royalties on the sale of electricity which is not including in the power plant sales gross margin.
$ 492,000 Cost per Megawatt
18,000 Sales Expense
120,000 Gross Profit
$630,000 Sales price ( with current strong market demand at $1,100,000 selling price)
Actual sales price may be higher with the 2 year backlog of wind turbines at an industry selling price of $1,100,000 per megawatt
One Megawatt parts and labor list
(Please see nine attachments for details.)
Parts list
Augmenter $104,241 (Please see attachment).
Furling 20,631 (Please see attachment).
Tower supplies 198,108 including generators (Please see attachment).
Blades 15,696 (Please see attachment).
Steel 51,000 subject to market changes (Please see attachment).
Electrical 8,482 including installation labor (Please see attachment).
Cables and wires 9,185 (Please see attachment).
Total parts $ 407,343
Labor List
Augmenter $750 (Please see attachment).
Furling 1,410 (Please see attachment).
Site Construction 16,560 (Please see attachment).
Tower Parts 5,280 (Please see attachment).
Total labor $24,001
Miscellaneous $60,000
Total Cost $481,344
Each 50 kW Multiaxis Turbosystem (MAT) Section
Projected Mass Production Cost
(2 MW per project minimum)
Rate of return on mass production at 7.5 cents kWh before leveraged financing of 8 % interest and 65 % loan
Class 4 (13 mph wind at 30 feet) = 12.6 % New York
Class 5 (13.5 mph wind at 30 feet) = 17.7 % New Hampshire, Maine
Class 6 (15 mph wind at 30 feet) = 25 % California, Colorado
With leveraged financing of 9% interest and 65 % loan ( 12 year repayment of principle is funded from the non cash expense of the 20 year depreciation)
Tax credits and 5 year accelerated depreciation are additional benefits.
ROI leveraged=ROI --- 6% of capital cost
35% equity
Class 4 (13 mph wind at 30 feet) = 19 % New York
Class 5 (13.5 mph wind at 30 feet) = 31 % New Hampshire, Maine
Class 6 (15 mph wind at 30 feet) = 54 % California, Colorado
Brief explanation of cost reduction
The cost reductions are results from improvements in the vertical-axis wind power plant design. For example, the small MAT blades can be mass-produced with many standard and readily available parts. It permit more cost-effective components to be used. The small blades are more resistant to wear than most standard technologies, which require large, custom-finished turbine blades. Using smaller blades is another area of major cost reductions In comparing a 30 foot blade with a three foot blade, the thirty foot blade may have a 100 times the output but it uses 1000 times more material. In addition to the blade cost reductions, there are other innovations leading to more cost reduction. There is cost reduction in eliminating the changing of the configuration and orientation of the wind power unit. As a result, the MAT, more efficiently, gathers the mechanical power of the wind. It also reduces the structural complexity and costs. Another key advantage lies in locating the drive train and generator at the ground level. This allows easier access and reduces vibration stresses. As a result, there is a reduction in maintenance costs. It makes it likely that the MAT units will last longer than standard wind turbines.
Average wind speed may be different 10 percent or more from year to year and the rate of return may be greater or less each year.
Budget Summary using 7.5 cents kWh
Cost of $34,536 wind system and installation
Add projected cost of project development $150 per rated kilowatt
Total project cost (projected) $45,606
Note: In this draft, we have added $150 kW cost for land development. In some cases it may be higher or lower and it is only an estimate. We also added 10 percent of sales maintenance fee for Mass Megawatts which include administrative and royalty expenses.
Revenue Projections
Calculation is based on the following:
Each blade being 42 inches tall and 28 inches wide would generate 21 watts per hour at 12.3 mph at 30 feet. Gearbox and generator losses are included.
21 watts
multiply 8760 hours per year x 8760 hours
subtotal 184 kWh
multiply factor of 2.0 based on
typical Gaussian wind velocity
distribution ( Weibull Distribution) x 2.0
Subtotal 368 kWh
Additional output of 4.5 times based
on saddle ridge augmenter shape tested in Troy
New York wind tunnel x 4.5
Total kilowatt/hours per year
Per blade at site 1656
X 48 blades x 48
Total Kilowatt hour per year
For 50kW rated machine at 12.3 mph 79,488 kWh
X price per kilowatt/hour x 0.075
Total Revenue $5,961
For 13.4 mph ($5,961 x 1.25) $7,452
For 14.1 mph ($6,955 x 1.20) $8,942
Income for 14.1 mph (class 4) 7.5 cents kWh
Revenue $8,942
Less: Expenses
20 year depreciation 2,300
Operation and
Maintenance 894 3,194
Income $5,748 or 12.6% rate of return
Income for (class 5) 7.5 cents kWh
Revenue $11,539
Less: Expenses
20 year depreciation 2,300
Operation and
Maintenance 1,153 3,453
Income $8,086 or 17.7% rate of return
Income for (Class 6) 7.5 cents kWh- New Mexico
Revenue $ 15,349
Less: Expenses
20 year depreciation 2,300
Operation and
Maintenance 1,534 3,834
Income $11,515 or 25% rate of return
Total Capital Cost for one unit-mass production estimate
Structure
Steel $4,000 (steel is subject to market price changes) 10,080 pounds
Galvanizing (add 15cents per pound) $1,500
Shop labor $1,080 (25 minutes x 54 pieces x $40 an hour) actual is less cost
Structural Erection $600 ( 3 hrs per section x 2 sections tilt up x $100 per hour)
Field equipment 500 (Crane and boom trucks –own equipment)
Foundation $2,500
Augmenter poles ($250 x18) $4,500 (18 poles--60 foot H2 utility poles)
Install augmenter poles $1,800 ($100 an hour x18 poles)
Cables and Wire (for supports and augmenter) 3,500 feet of 3/8 cable x 40 cent a foot $1,400
Augmenter (canvas and labor cost) $2,100
Turnbuckles and related equipment $300
$20,280
Mechanical (Cost are estimates based on items purchased in bulk of 1000 items or greater.)
Turbine blades $2,880 ($60 per blade x 48 blades)
Bearings 546 (78 Pillow Block bearings x$7)
Couplings 546 (78 Couplings x $9)
Fabreeka 500
Gearboxes $3,132 cat# M072290banu6 David Brown Co.
$7,604
Electrical (Cost are estimates based on items purchased in bulk of 1000 items or greater.)
Generators $1552 (1750 230/460 3PH AC)
(Cat# U10e2dc0--US Motors Company)
Brakes $ 2400 (cat# 364964 --US Motors Company) Control box $1,000 ($6,000 includes tach relay system use by several units)
Wiring 900 per 50 kW section of the 2MW unit
Labor 800 per 50kW section of the 2MW unit
$6,652
Total (Cost of 50kW single unit) $34,536
Miscellaneous 2,000
Sales commission (6 percent) 1,570
Add projected land development cost 7,500
Total: $45,606
Mass Megawatts Wind Power, Inc., Reports U.S Army Sale
WORCESTER,MA, April 28,2008 /PRNewswire-FirstCall/ Mass Megawatts Wind Power Inc.(OTC Bulletin Board MMGW),www.massmegawatts.com has announced today the sale of a wind power plant to be used by the United States Army. The 50 kilowatt wind power project will be constructed at U.S. Army Intelligence Headquarters located in Fort Huachuca, Arizona. Construction will begin this spring as part of the Army’s ongoing efforts to expand into renewable energy.
Future energy needs at the army base could be met with the installation of additional wind power plants that are capable of generating over ten megawatt/hours of electricity per year. There are over 50 army base installations in the United States alone.
The wind power plant also known as the Multiaxis Turbosystem (MAT) at Fort Huachuca will be constructed with the newly developed, adjustable augmenter that was recently announced by the company. The new augmenter technology reduces in a major way the cost for heavy and expensive components needed by an augmenter to increase the harnessed wind velocity by up to 70%, translating into an increase of over five times the power output.
The recently announced new augmenter reduces the electric generation cost below traditional wind turbine technologies, and is directly competitive with fossil fuel power plants such as coal and natural gas.
The MAT structure provides several key advantages over traditional turbine designs. This includes a reduction in capital, operational, and maintenance costs, along with, the ability to operate profitably in lower wind speed locations. In the United States alone, suitable wind power locations currently exist to potentially supply 20 percent of the nation's electricity.
The U.S. Army and Fort Huachuca is highly aggressive in their efforts to pursue the use of renewable energy and American energy independence. Both issues are vital to national and world security.
The project is being coordinated by Ameresco Select, Incorporated, a leader of green energy, located in Knoxville, Tennessee, and Ameresco Incorporated, a multi billion dollar Framingham, Massachusetts based energy facilitator for the U.S. Army with a contract at Fort Huachuca. Ameresco is a world leader of energy management helping the expansion of green power in this new expanding era of clean energy.
In the past five years, the wind industry achieved a growth rate of more than 25 percent for each year. In 2007, more than $9 billion of new wind power plants worldwide were constructed.
For more information, the web site is www.massmegawatts.com and the company can be reached at the phone number of (508) 751-5432.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts Wind Power, Inc. ability to produce a cost-effective wind energy conversion device. Among the factors that could cause actual events to differ materially from those indicated herein are: 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, Inc.
Mass Megawatts announces NEW Adjustable Augmenter (patent pending) to lower the cost of electric power
WORCESTER, MA., April 21,2008 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMGW) www.massmegawatts.com announces the development of a new adjustable augmenter (patent pending) designed to lower the cost of wind power. The new augmenter increases the wind power plant cost by only 30 percent, while generating five times the revenue. The augmenter utilizes a canvas panel system that funnels, and accelerates, wind into the company's Multi-Axis Turbosystem (MAT). The augmenter is expected to increase harnessed wind velocity by 70%, translating into an increase of over five times the power output at each MAT power plant.
With this new innovation, Mass Megawatts has created an augmenter system to capture, and funnel, the wind into its MAT units to dramatically increase the power output without a proportional increase in structural size and cost. The company plans to begin implementation over the next few months. This is a major development bringing the kilowatt/hour cost down significantly.
The augmenter system is a canvas panel system with integral dump panels and top panel lift systems to minimize damage during wind gusts. Further, Mass Megawatts has developed side wall dump panels and top panel lift systems to minimize the pressure spikes in the augmenter during extreme wind events. These side dump panels will swing open when sufficient pressure differences exist between the inside and outside of the augmenter. The top panel lift system provides a bracket that allows the suspension cable to lift above the next panel to vent air velocity to the outside of the augmenter.
The side dump panels and top panel lift system allow the system to be built with lighter components, reducing the cost of the augmenter system. The panels and lift system also reduce the potential damage to the canvas panels, suspension cables, and poles during extreme wind events, decreasing maintenance costs during the life time of the MAT wind power plant and augmenter system.
Every site has extreme wind events during some point of the annual weather cycle. These wind events provide an opportunity for the MAT wind power plant design to produce the maximum amount of power that the traditional, horizontal axis generators cannot harness, including damage to traditional augmenter systems.
In the past few years, Mass Megawatts has developed a wind generation system for reducing the cost of wind power. The Multi-Axis Turbine (MAT) is designed to operate in turbulent wind conditions where the more prevalent horizontal axis wind turbine is unable to be utilized.
For more information, the web site is www.massmegawatts.com and the company can be reached at the phone number of (508) 751-5432.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts Wind Power, Inc. ability to produce a cost-effective wind energy conversion device. Among the factors that could cause actual events to differ materially from those indicated herein are: the failure of Mass Megawatts Wind Power, Inc. to achieve or maintain necessary zoning approvals with respect to the location of its MAT 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, Inc.
Contact:
Jon Ricker (508) 751-5432
JonRicker@massmegawatts.com
www.massmegawatts.com
Sorry about that but that's why we need links with all posts like that. What a weird way to respond. BLTA is done then imo. Bizarre.
You're assuming that someone actually received/intercepted an actual e-mail sent from the BLTA lawyer and then posted it on a message board. Or someone just made up an e-mail and then posted it. Either one is not right or ethical. And you know I'm not a believer in the funding issue here but I disregarded that suspicious post. The information given in that e-mail is material info and should not be given out before a PR is released. That's why I don't believe and investor would have been given that info. Something is not right.
There's no doubt Peter has made progress again. It's just too bad we couldn't have done this the first time around. With that said, I have to give him credit in rebuilding us as RXPC Inc. and making serious progress towards getting us trading again. I may support that effort as it will help us all.
Wrong board??? I hope so...lol!
It's pretty quiet over here. Oh wait...I have almost everyone on ignore! LOL! Not you aron755. I tired of all the attacks on other shareholders. This may trade again and last I checked you can order from the rxpcinc.com website. We shall see.
no it's not...goodbye
The only problem with 1 round-trip flight/week is that according to BLTA pro-forma numbers, they will only generate $17.3M in revs and $2.85M in net profit. Divide that by our current O/S of 270M as of 11/2007 (which will likely be or is larger already) and you only get an EPS of .01. At a 5-1 pe that .05 pps or 10-1 pe it's .10 pps or maybe as high as 15-1 pe for .15 pps.
And that's with no increase in the O/S numbers from 11/2007. I think we should probably use an O/S of 300-350M for calculations to be safe. At 325M O/S the eps would be .0087 at a 10-1 pe that's .087 pps and that's a forward pe after they've been flying for a while.
It seems to me that unless they get approval for their original plan of 1-3-5 flights per week that they would be "stuck" with 1 flight/wk for the first year. Otherwise the DOT wouldn't be constantly questioning them over their available funds and stating they need over $15M to go with their original plan.
Item 16 (4/3 DOT response) has been and continues to be a critical point. Once again, the DOT spells out how much they need to fly and how much BLTA currently has verified. The DOT says they need $5.22M for 1 flight/week or $15.64M for their planned 5 flights/week. The DOT says they only have $1.71M that counts toward their pre-flight requirements.
In their response submitted on yesterday, BLTA says they have $11.1M and that includes $3M in .10 warrants that may or may not be exercised. Still well short of their proposed business plan showing 5 flights/week requiring $15.64M.
I wonder if these latest answers from BLTA will get them any closer?
http://www.regulations.gov/fdmspublic/component/main?main=DocketDetail&d=DOT-OST-2007-0007
I think we'll make a run at it tomorrow afternoon. Traders still playing around with the 200dma today imo. Let's say 3:03 pm Wed...lol!
How true! Thanks for the laughs JR!
There went VERT. Any last minute fun? I guess not. Just another down day on decreasing volume over the last 3 days. Good sign. Plus it bounced off (close) the 10dma.
Nice low volume bottom of the base except for
our bailer yesterday. I suspect we'll start a
more steady climb after our Q1 results come
out next month. Unless we get some big news
in the meantime (like our financing deal)
looks like we're ready to pop with a little volume.
That can best be done by continuing to grow the company like Dexter has been doing and to get us off the pinks (which sounds like it will be very soon).
I agree Creede! LBWR is slowly but surely gaining traction. Even though the O/S has remained static, it's just taken time for the eps to slowly catch up with the price. I remember a while back when I ran the numbers and it was worth about a third of where we're at now.
It's got nothing to do with people buying (supporting) at the bid. LBWR only made $382,000 pre-tax profit in 2007. With over 140 million O/S you only get an eps of .0027. Even at a 30-1 pe, we're only talking around 8 cents (trailing pe). It's taken LBWR a long time to even get to the point where 5-10 cents is even supported. Luckily, many believe LBWR is the real deal and they are willing to grant LBWR a premium based on future expectations (OTCBB and revenues) and past performance of Dexter.
That should go a long way towards securing the purchase of our terminal and still having cash on hand to aid in phase 2 of our plan to resell fuel and increase our margins 500-600% per Steve. Let's hope we hear about a nice financing package within the next 3 months!
Share structure info:
NOTE 11 – STOCK PAYABLE
As of December 31, 2007, the Company had 50,000,000 shares of common stock authorized and 49,544,226 shares issued. The Company entered into several stock option / warrant agreements with the Chairman and Executive Officer, but was unable to issue those shares. The officers agreed to not force issuance until the Company’s shareholders authorized additional capital. At the Company’s annual meeting in January, 2008, the shareholders increased the authorized capital to 500,000,000 shares of common stock. At December 31, 2007 and December 31, 2006, the following common stock shares were payable to the following parties:
Common December 31, December 31,
Shares 2007 2006
Bill Gaines 1,000,000 $120,000 $ 0
David LeClere 507,000 60,840 17,238
Timothy G. Byrd, Sr 5,000,000 300,000 170,000
Sonny Wooley 7,000,000 540,000 238,000
Peggy Behrens 750,000 90,000 25,500
Total 14,257,000 $1,290,840 $450,738
Plus I believe there are 3,000,000 warrants that Mr Byrd and Mr Wooley could still exercise.
NOTE 14 - STOCK OPTIONS / STOCK WARRANTS
The Company’s employment agreement with Mr. Byrd and Mr. Wooley provide that they will be paid a salary of $156,000 per year. However, during 2003 - 2006, Mr. Byrd’s and Wooley’s salaries accrued but were not paid due to the Company’s severe cash flow problems. Mr. Byrd and Wooley may require the Company to pay the accrued amounts at any time.
In 2006, Mr. Byrd and Wooley each elected to convert a portion of their accrued salaries into Adino stock. As a result, the Company agreed to issue Mr. Byrd and Mr. Wooley 5,000,000 shares each of common stock. On April 13, 2007, they each exercised and were issued 2,500,000 shares of common stock. The remaining shares of common stock to be issued are reflected in our stock payable liability at December 31, 2007.
On April 3, 2007, Mr. Byrd and Mr. Wooley again elected to and the board approved conversion of part of their accrued salaries into Adino stock options. To that end, the Company issued 12,000,000 stock options to each officer to purchase 12,000,000 shares of Adino stock for an exercise price of $0.03 cents per share. Each officer relinquished $100,000 of accrued compensation for the options. Using the Black-Scholes valuation model, and an expected life of two years, volatility of 262%, and a discount rate of 4.57% the Company has determined the aggregate value of the 24,000,000 five year warrants to be $717,412. As the warrants are fully purchased and vested, this resulted in a net expense to the Company of $517,412 (after considering the $200,000 already accrued). Subsequently, on November 10, 2007, both Mr. Byrd and Mr. Wooley relinquished and returned to Adino 9,000,000 warrants, each. The total reduction in authorized but outstanding shares of 18,000,000, resulted in reinstatement of $75,000 of accrued compensation to each officer and reduction of consulting expense of $538,059, or 75% of the original expense to the Company.
The Company awarded Ms. Behrens 750,000 shares of restricted stock for her service as a director in 2004, 2005 and 2006. None of these shares have actually been issued to her, however. This resulted in an accrued expense of $90,000 at December 31,2007 and $25,500 at December 31,2006 for these shares based upon the fair market value of the shares the balance sheet date and is reflected in our stock payable liability at December 31, 2007.
I was happy to see only 17M shares due our mgmt, etc as last year it was listed at 33.6M. We'll see when and if they issue these shares to our management or how they go about compensating everyone now that we approved an A/S of 500M.
As of December 31, 2007, Adino has 49,544,226 shares outstanding. There are 17,257,000 potential common shares or equivalents authorized for issuance to officers, directors and others. All parties have signed an agreement not to force Adino to issue more shares than those that are authorized. Adino only has 50,000,000 shares authorized in its Articles of Incorporation, as of December 31, 2007. It cannot legally issue more shares than the total number authorized by the Articles of Incorporation. Therefore, for purposes of the above calculation, it is assumed that all of Adino’s authorized shares (50,000,000) are outstanding, rather than the full 66,801,226 that are committed. If the full committed amount were used, the Diluted EPS would be (0.02).
http://www.sec.gov/Archives/edgar/data/700815/000113717108000407/adino10ksba042208.htm
So the way I read this is that Adino believes the IFL terminal is worth more than $7.9M and they have an option to purchase it for $3.55M through 7/31/2008. Is that the way the rest of you interpret this?
NOTE 2-GOING CONCERN
As of December 31, 2007, the Company has a working capital deficit of $7,949,223 and a retained deficit of $14,928,702 these factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern depends upon its ability to obtain funding for its working capital deficit. $3,355,984 of the working capital deficit represents the purchase price for the terminal assets which are currently under a capital lease. The Company believes that the market value of the terminal assets is significantly greater than the total working capital deficit and that current cash flow is adequate to support a longer term financing package to satisfy the working capital deficit. These factors lead the Company to expect that the terminal financing will include additional capital to service and pay down existing obligations. Certain officers and directors have agreed in writing to postpone payment if necessary should the Company need capital it would otherwise pay these individuals. Lastly, the Company plans to grow through merger and acquisition opportunities including the expansion of existing business opportunities. The Company expects these growth opportunities to be financed by a combination of equity and debt capital; however, in the event the Company is unable to obtain additional debt and equity financing; the Company may not be able to continue its operations.
NOTE 3-LEASE COMMITMENTS
There were no lease commitments at December 31, 2006. The company entered into a lease commitment April 1, 2007. IFL agreed to lease the terminal from 17617 Aldine Westfield Road, LLC for 18 months at $15,000 per month with an option to purchase the terminal for $3.55 million by July 31, 2008. AEC has evaluated this lease and determined this lease qualifies as a capital lease for accounting purposes. The terminal has been capitalized at $3,179,572, calculated using the present value of monthly rent at $15,000 for the months April 2007 – July 2008 and the final purchase price of $3.55 million discounted at IFL’s incremental borrowing rate of 12.75%. The terminal is being depreciated over its useful life of 15 years resulting in monthly depreciation expense of $17,664. As the purchase must be exercised by July 31, 2008, the entire lease obligation is a current liability. As of December 31, 2007 the carrying value of the capital lease liability is $3,355,984.
Nice job 4mars! Thanks for taking the time to help out our investment! May we all enjoy DPDW for many years to come! Thanks to JoeSmith also for taking the time to post them.
Excellent number crunching! And if we are rewarded with a forward PE, we would likely see your 2009 numbers by mid 2009. Just a little over a year from now! Nice job locustsuc!
DPDW shares now up 100% since we talked about any shares purchased at the end of February as being "golden". New potential Flotation Technologies acquisition has lit another fire under the stock the last 2 days. A nice right side of the base will still put this over $1.50 by early June before we likely form a handle and break out towards new highs this summer. Forecast revs/earnings and this acquisition continue to support the idea we've been talking about for several months. It's quite likely that the dollar mark will be breached very soon imo!
I certainly hope we get something out of this. Not crazy about another 125K shares/month for another year. At least the other ones specifically state restricted Rule 144 shares.
I'm also betting that PBLS has dumped most or all of their 1.4M shares of LDTI they once owned since they're trading at .001. Between that and some of these 3M shares they've issued this year would explain our recent drop. Along with disgruntled followers of Charlatan. Gee I wonder what ever happened to our supposed sales that started a couple months ago. Not a word. Time for another phone call.
From the latest 10K
The Company entered into a management consulting service agreement on January 2, 2008 to provide management consulting for a period of one year from the date of the agreement. As consideration the consultant shall receive 125,000 shares of common stock per month up to a maximum of 1,500,000 at a stated value of .04 per share plus out of pocket expenses. Additionally, the consultant has an option to purchase up to 1,000,000 of additional shares in blocks of 250,000 each based on a scheduled exercise price per share with varying expiration dates. The agreement may be terminated by either party prior to the expiration with a 30 day notice. In the event of a termination all unexercised options shall be cancelled.
The Company entered into a complex consulting agreement on March 17, 2008 with another Company to provide services in the areas of Mergers and Acquisitions; Financial Restructuring and Investment Relations. In consideration the consultant shall receive 375,000 restricted Rule 144 common shares plus warrants for 1,000,000 common shares on a ladder basis between $.50 and $1.00 per share for up to three years.
Is this spam or did you want to discuss DPDW on the board? LOL! Feel free to post your thoughts minus all your buy/sells.
I also believe DPDW purchases now will net quite a gain in the coming 6-12 months. As long as most of the shares of the past (MediQuip) directors and PP are eaten up, we'll be off to the races. Just running the DR numbers with reasonable margins and PE's give quite a return in the next year. A reasonable right side to the current base should get us in the $1.50 range (or potentially higher) by early June. We'll see if we get there. Q1 should help.
Since I've received no responses, I'll assume EESO is fairly valued and we can expect some normal fluctuations (.015 to .035) over the next few months but no major change. LOL! buy low...sell high. Down 22% today (on low volume) after big day yesterday.
All good points. I guess we'll find out soon enough. GL!
That's always been my concern because then when you crunch the numbers there's not a lot of upside in 2008 imo.
pro-forma shows 22.1M in revs under that 1 flight scenario with net revenue of 2.85M. With all the outstanding warrants and other potential shares being issued, I think we need to use at least 350-400M O/S for calculations.
2.85M/375M = .007 eps x 10-1pe = .07 pps.
even if you used our current O/S near 300M you only get .009 eps after one year of service. And that accounts for no more warrants being exercised and no other shares issued.
Maybe a comprise in the middle with 3 flights per week and maybe 8M in net profit (half way in the middle) would be possible
8M/375M = .021 eps x 10-1 pe = .21 pps
Oil is extremely overbought right now. I'm going against the grain here and saying oil will come crashing down in the next 3-6 months by at least 25%. Traders have created too much froth here imo!
imo we have a ways to go on the right side of the base before we can form a true handle. We at least need to be in the upper half of the base and get a more equal left and right hand side. We just bottomed a few weeks ago.
You're right. I meant operating expenses which is forecast by BLTA to be 58.9M (revs are 83.9M). So it's still 1/4th of 58.9M plus start-up costs.
Management appears to be just accumulating shares over the past year. There are plenty of other shares floating around that have obviously been thrown back into the market imo but I don't see any filings that indicate that management has been selling. I think they fully expect to get off the ground in the next few months. We'll see. I got out way back at .13 as it was just a numbers game with me (and I didn't care for Barry Claire's pumping). I don't think they have the cash to meet the DOT's requirements but most on here do. That's why I'm so interested to see what happens next. Will BLTA have to compromise and go with a lesser first year plan (thus affecting eps) or will the DOT give in some on their 1/4 guidelines?
Yep, but the DOT wants them to have 1/4th of their first year revenue available plus startup costs. That's 1/4th of nearly $59 million plus startup costs of roughly 1.5M. In other words, they need about $16 million according to that paragraph in the DOT response. And the DOT wants all the money available before they fly. Some of that money will not be available until the first flight. That's been the debate on how the DOT would deal with some of these issues. Will they approve BLTA's 1-3-5 4-month spinup plan or will there have to be a compromise on the first year of operations which would then affect income. Very curious to see what happens here.
Share ownership in management this year and last year. Igor went from 50M to 84M.
3/29/2008
Common Shares
Beneficially Owned Percent of Total
Outstanding
Directors and Officers
Igor Dmitrowsky . . . . . . 84,422,825 30.20%
63-26 Saunders St., Suite 7I
Rego Park, NY 11374
Russell Thal . . . . . . . . 400,000 0.14%
26 Ridge Drive
Port Washington, NY 11050
Barry Clare . . . . . . . . 13,600,000 4.86%
16 Birchwood Park Court
Jericho, NY 11753
Walter Kaplinsky . . . . . 6,717,294 2.40%
2000 Quentin Rd.
Brooklyn, NY 11229
Andris Rukmanis . . . . . . 1,118,750 0.40%
Kundzinsala, 8 Linija 9.
Riga, Latvia LV-1005
Shares of all directors and 106,258,869 44.63%
executive officers as a
group (5 persons)
Beneficial owners
Steffanie J. Lewis . . . . . 9,623,331 3.44%
3511 North 13th St.
Arlington, VA 22201
* Less than 1%
3/29/2007
Common Shares
Beneficially Owned Percent of Total
Outstanding
Directors and Officers
Igor Dmitrowsky . . . . . . 50,422,825 39.58%
63-26 Saunders St., Suite 7I
Rego Park, NY 11374
Walter Kaplinsky . . . . . 4,717,294 3.73%
2000 Quentin Rd.
Brooklyn, NY 11229
Andris Rukmanis . . . . . . 1,118,750 0.89%
Kundzinsala, 8 Linija 9.
Riga, Latvia LV-1005
Anita Schiff-Spielman . . . 113,118 *
1149 Kensington Rd.
Teaneck, NJ 07666
Shares of all directors and 56,371,987 44.63%
executive officers as a
group (4 persons)
Beneficial owners
Steffanie J. Lewis . . . . . 6,623,331 5.24%
3511 North 13th St.
Arlington, VA 22201
* Less than 1%
500M A/S now with nearly 300M O/S and quite a few warrants still outstanding. 157M shares issued in 2007 and another 18M since the beginning of the year for services and cash. They definitely need their 1-3-5 flights to come to fruition. A quick run on their numbers again for the first year of operations show nearly 59M in revs with a net income of 14.6M. By then, it looks like we'll be looking at 400M O/S with all warrants exercised and possible other shares issued for services or cash.
14.6M/400M O/S = .036 eps x 10PE = .36
Preferred stock - 2,000,000 (redeemable at 3-1 common)
authorized $0.01 par value
66,500 issued & outstanding
Common Stock - 500,000,000
authorized $0.0001 par value
279,450,534 issued & outstanding (297,239,159 4/11/2008)
(122,394,909 in 2006)
Common Stock: We have been authorized 500,000,000 shares of Common Stock at $.0001 par value per share. As of December 31, 2007, a total of 279,450,534 (297,239,159 as of 4/11/08) shares of Common Stock were issued and outstanding and held by over 100 shareholders. In addition, we have granted warrants to issue up to approximately 97,000,000 more shares of our common stock. Holders of Common Stock are entitled to receive dividends, when and if declared by the board of directors, aubject to prior rights of holders of any Preferred Stock then outstanding and to share ratably in the net assets of the company upon liquidation. Holders of Common Stock do not have preemptive or other rights to subscribe for additional shares. The Certificate of Incorporation does not provide for cumulative voting. Shares of Common Stock have equal voting, dividend, liquidation and other rights, and have no preference, exchange or appraisal rights.
Preferred Stock: We are authorized to issue up to a maximum of 2
million shares (66,500 shares outstanding) of Preferred Stock.
We can issue these shares as our board of directors shall from time to time fix by resolution. Our Preferred Stock is not entitled to share in any dividends declared on the Common Stock and has no voting rights. Each share is convertible in to 3 shares of Common. The liquidation preference is set by this conversion formula and results in a pro rata claim on the Company's assets based upon the underlying common shares issuable (199,500) upon conversion.