One more article: (from November 2013)
(Not posting for any other reason than it gives more detail about the system and it's specs.)
Mass Megawatts Wind Power, Inc. (MMMW)
Penny Stocks Profile and SmallCapVoice reported earlier on Mass Megawatts Wind Power, Inc. (MMMW), and we are highlighting the Company today, here at the QualityStocks Daily Newsletter.
Based in Worcester, Massachusetts, Mass Megawatts Wind Power, Inc. is a leader in the development of a ground-breaking wind power technology. The Company is bringing a product to the renewable energy marketplace that they indicate can produce electricity at a cost 30 percent lower than other wind power equipment. Mass Megawatts holds exclusive patent rights to the Multi-Axis Turbo system (MAT) for 11 percent of the worldwide territory, and 50 percent territorial rights in the United States.
The MAT system is economically scalable to meet electric supply requirements from small users to large utilities. MAT units range between 50 feet to a maximum of 80 feet in overall height. The Company’s MAT technology is adaptable to high and lower wind resource areas. The MAT technology is the first wind power technology that enables purchasers to size their electric generation facility to fit their usage needs.
MAT units have very productive generation capabilities in areas with lower wind speeds, where 'tall tower' utility-scaled projects are not financially feasible or successful. The MAT units offer durability and low cost maintenance. Mass Megawatts’ equipment is rated to withstand winds of up to 120 mph. All mechanical and electrical components are close to ground level. Projected maintenance costs are 50 percent less than the wind power industry's average.
The Company announced, in August 2013, the development of a new solar tracking technology designed to increase solar energy production by 30 percent. The design of the patent pending, Mass Megawatts ‘Solar Tracking System’ (STS) is to automatically adjust the position of solar panels to receive an optimal level of direct sunlight throughout the day. The Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall system while improving energy production levels.
In mid-October, Mass Megawatts Wind Power announced the start of electrical production from their first new solar tracking system. The Company will be comparing the new unit’s power output with the electricity generated from a stationary system of similar size over the next month. The expectation is that this particular design of the patent pending, Mass Megawatts ‘Solar Tracking System’ (STS) will increase solar energy production by 22 percent to 28 percent for less than 7 percent additional cost than a standard stationary configuration.
Last week, the Company announced that their first, no-money-down, power purchase agreement (PPA) sale is projected to begin construction soon in central Massachusetts. With this PPA, Mass Megawatts will deliver their STS with no upfront, out-of-pocket costs incurred by the small business customer. Installation is planned to start this month.
Mass Megawatts Wind Power, Inc. (MMMW), closed at $0.0366, down 2.66%, on 48,599 volume with 8 trades. The average volume for the last 60 days is 210,875 and the stock's 52-week low/high is $0.011/$0.21.
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