Mass Megawatts Wind Power Inc (MMMW)

[Golden Cross]

New out - Mass Megawatts Wind Power, Inc. Announces Improvement with its Low-Cost, Solar Tracking System

Link:
https://www.otcmarkets.com/stock/MMMW/news/Mass-Megawatts-(MMMW)-Announces-Improvement-with-its-Low-Cost,-Solar-Tracking-System?id=244117

WORCESTER, Mass., October 24, 2019 -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) today announced an improved solar
tracking technology with additional non tracking related power output improvement innovations designed to increase solar energy
production by more than 60%. It is an improvement of the previous design of the 30% increase of energy production compared to
similar kilowatt rated stationary units. Although, the higher additional cost for the new system is 15% greater than stationary units,
the higher power output improves the rate of return with electric cost savings. The patented, ‘Solar Tracking System’ (STS) with
technology developed by Mass Megawatts and its partners is designed to automatically adjust the position of solar panels to
receive an optimal level of direct sunlight throughout the day. Unlike other solar tracking technologies, the Solar Tracking System
(STS) utilizes a low-cost structure that adds stability to the overall system while improving energy production levels.
The STS is an innovative structural design that is simple, robust, and low-cost. The solar panels are automatically repositioned
throughout the day as the sun's position travels from east to west with dual tracking capability. This allows the panels to receive
more direct sunlight and to generate more solar power for the customer. With this system, solar power production is increased more
than 60% as compared to stationary configurations. Although, the 15% additional cost for the new version with 60% increase in
power output is higher than the 10% additional cost of the older version of 30% additional output, the solar project payback period of
the improvement is quicker.
In another advantage, the competitive impact of rapidly declining solar panel cost and inverters cost reductions as technology
improves is limited with the solar tracking system since the additional output would be realized on the any solar units. Photovoltaic
panel or inverter technological advancement would not have an impact.
Mass Megawatts plans to educate potential solar tracker sales prospects and installers with demonstration events at several cities in
the next few months.
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 Further, by taking advantage of a lease program or power purchase agreement (PPA) arrangement with the
company, a customer may realize an immediate, positive cash flow, as immediate energy savings and/or revenues will be realized
and/or exceed the monthly payments due.
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. Additionally, Mass Megawatts Wind Power
stock quote and Mass Megawatts stock price may be impacted by global condition. Mass Megawatts Wind P