Monday, October 27, 2014 6:18:55 AM
Mass Megawatts Releases the Frankenstein Solar Tracker to Slash Solar Cost 20%; Plans to Cap Shares at 67 Million
Worcester, MA - October 27, 2014 - InvestorsHub NewsWire - Mass Megawatts Wind Power, Inc. (OTCQB: MMMW) announces that the anticipated Frankenstein Solar-Power Tracking System can be seen at
With the patent-pending STS, Mass Megawatts has developed a more efficient way to track the sun. While conventional solar trackers may increase solar costs by 15% or more to achieve a 25% power-output increase, the Mass Megawatts STS only requires a 5% increase in system cost.
The STS utilizes a revolutionary, patent-pending framework that significantly reduces the torque required to adjust the position of its solar panels throughout the day. Unlike other tracking technologies that apply a vertical, up-and-down motion, the STS rotates the solar panels into position using a horizontal motion anchored at the base of each solar unit. The amount of torque needed to accomplish the tracking movement is minimal, and can be accomplished with a simpler, lower-cost design.
The STS also allows multiple solar-units to share the same tracking mechanism. This dramatically reduces the cost to implement a solar tracking solution at larger capacity installations, with costs projected to drop from 15+% down to 5%. This is a substantial savings that significantly improves ROI and shortens the payback-period for a solar-power investment. With the Mass Megawatts STS, you get a 28% increase in solar-power generation with a minimal increase in capital expenditures.
Mass Megawatts is preparing for its next STS installation that will deliver 25kW of capacity at a commercial roof-top installation in Worcester Massachusetts. The STS will provide energy for up to 30 homes in the local area. The company is prioritizing requests for the STS from several companies across the Northeast.
The company has also made a best-efforts pledge to cap the authorized shares at the current level of 67 million. Mass Megawatts strategic plans are committed to long-term shareholder growth through the execution of a business model that gains market share, increase revenues and earnings, and avoids stock dilution.
Mass Megawatts plans to finance future expansion with the sale of solar projects and commercial units using the conventional, contractor-method of financing. An example of this type of project financing structure would require one-third payment up-front, one-third payment halfway through construction, and one-third payment at the completion of the project. Other forms of financing may include a limited version of a real estate trust whereas the solar project would be treated in a manner similar to real estate.
With its patent pending, Solar Tracking System, Wind Electric-Power Generation system, a new retail sales business, 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.
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
Product information and sales inquiries can be made through the company's contact page at www.massmegawatts.com
Contact Information:
Mass Megawatts Wind Power, Inc.
(508) 751-5432
www.massmegawatts.com
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