Mass Megawatts News
Mass Megawatts Wind Power, Inc. Launches Effort with Goal of Reaching First Profitable Quarter in 15 Year History During 2013
WORCESTER, MA, April 29, 2013 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) today launched an effort to be profitable in Fiscal Year Ending April 30, 2014. A good portion of the goal is contingent on the successful marketing of electricity at a deep discount in targeted geographical areas. In some local areas, Mass Megawatts can sell electricity at less than half the price offered by the local utility. Much of the effort of reaching the goal is based on a revenue matching program from Independent Energy Associates working with Mass Megawatts in an effort to obtain customers.
Mass Megawatts is leveraging their knowledge of the wind power industry in their offering of competitive green power to electrical users across the Northeast. The expansion into the retail electrical market is a logical, strategic progression that diversifies their business model while improving future earnings potential.
In other recent news, Mass Megawatts recently completed a wind augmentation system that utilizes a less complicated and inexpensive wind-focusing technique to increase the wind velocity directed at the turbine. This accelerated wind speed, in turn, results in a significant increase in the electrical power generated by the turbine. The technology is anticipated to allow substantial reduction in the cost of green electricity.
With its patented, wind augmentation system, a new retail sales business, and very little debt, Mass Megawatts believes it is well positioned to ramp-up production of its new augmentation units in the shorter term while expanding its infrastructure to support mass-production goals in the longer term.
The Company has less than 25 million shares issued and outstanding.
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 Power Inc. expected and anticipated positive and negative impact on the Mass Megawatts stock price and the MMMW stock quote.
Contact:
Jon Ricker (508) 751-5432
Mass Megawatts Wind Power, Inc. Hopes to Achieve Profitability with the Sale of Electricity at Less than 3 Cents kWh while the Local Utility Sells at 6 Cents kWh in Targeted Geographical Areas
WORCESTER, MA, April 12, 2013 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) today announces a goal of achieving profits contingent on the successful marketing of electricity at a deep discount in targeted geographical areas. In some local areas, Mass Megawatts can sell electricity at less than half the price offered by the local utility.
Mass Megawatts is leveraging their knowledge of the wind power industry in their offering of competitive green power to electrical users across the Northeast. The expansion into the retail electrical market is a logical, strategic progression that diversifies their business model while improving future earnings potential.
In other recent news, Mass Megawatts recently completed a wind augmentation system that utilizes a less complicated and inexpensive wind-focusing technique to increase the wind velocity directed at the turbine. This accelerated wind speed, in turn, results in a significant increase in the electrical power generated by the turbine. The technology is anticipated to allow substantial reduction in the cost of green electricity.
With its patented, wind augmentation system, a new retail sales business, and very little debt, Mass Megawatts believes it is well positioned to ramp-up production of its new augmentation units 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. Additionally, Mass Megawatts Wind Power stock quote and Mass Megawatts stock price may be impacted by global condition. Mass Megawatts Wind Power Inc. expected and anticipated positive and negative impact on the Mass Megawatts stock price and the MMMW stock quote.
Contact:
Jon Ricker (508) 751-5432
Mass Megawatts Wind Power, Inc. Reports Initial Sale of ‘Wind Electric Power Generator’ Comprising Only Seven Moving Components
WORCESTER, Mass., Feb. 21, 2013 /PRNewswire/ -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) today reports the initial sale of the most recent company’s patented, ‘Wind Electric Power Generator’ with only seven moving components. This wind-based, power system produces reliable, low-cost, and clean energy that’s well suited at remote and rural locations, including agricultural and commercial facilities. The company currently has three additional potential sales and customers from the marketing program recently launched in Colorado.
The initial unit was purchased for $47,000 by a local rancher in Colorado. Mass Megawatts has received $30,000 as a down payment. The site is located within a wind-class 5 territory, and the power generator will be interconnected to the utility grid. The customer’s onsite energy needs will be supplemented by the Mass Megawatt wind-electric system, with surplus power being sold directly to the utility. The sale was aided by recent marketing efforts coordinated by the company’s Midwest regional manufacturing facility located on Highway 8 in Morrison, Colorado. Several additional sales of the Wind Electric Power Generator are currently pending.
The initial target market for the ‘Wind Electric Power Generator’ consists of agricultural facilities in the greater Colorado area. The company’s goal is to provide widespread availability of more cost-effective, electric power and water pumping technology to farms and ranches in the central plains of the United States.
Mass Megawatts’ plans to further enhance the ‘Wind Electric Power Generation’ system by leveraging the company’s patented, Wind Augmentation and Diffuser technology. This will significantly improve the performance of the unit by increasing the wind velocity directed toward each wind turbine. This accelerated wind speed, in turn, will result in a dramatic increase in power output, which is anticipated to be 3 or 4 times higher than a typical, non-augmented installation.
Additionally, the company is developing wind turbines with augmenters using horizontal or propeller type turbine blades. The cost per rated kilowatt is projected to be less than $1000 and anticipated to approach $600 in mass production. This compares very favorably with traditional wind power systems that realize a cost of $1500 to $2000 per rated kilowatt.
Recently, in other news, the company began offering discounted, electric power at competitive rates to commercial and residential electricity users in several states, including Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Delaware and Illinois. Mass Megawatts indicates that their expansion into the retail electrical market is a logical, strategic progression that diversifies their business model while improving future earnings potential.
With its patented, Wind Electric Power Generation system, a new retail sales business, 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.
Product information and sales inquiries can be made through the company's contact page at www.massmegawatts.com
Mass Megawatts Reports First Sale and Delivery of Low-Cost, "Off-the-Grid" Wind Power System. Revenue Recognized in the Current Fiscal Quarter
WORCESTER, Mass., November 19, 2011 /PRNewswire-FirstCall. , Mass Megawatts Wind Power, Inc. (OTC/BB: MMMW) reports that construction has completed on its first wind power system delivered for use at an agricultural or home-based location that is not connected to the utility power grid. The wind power system is located near Aspen, Colorado.
The wind power system, in conjunction with a small solar photovoltaic system, is producing enough electricity to power a home. The surplus electricity is stored in batteries, providing power during times of low-wind and sun exposure. Richard Barcia, Chief Operating Officer, oversaw the completion of the project and confirmed the transfer of electricity to the battery storage unit.
The wind power system leverages the patented, wind augmenter technology that increases the wind velocity directed toward the wind turbine. This, in turn, can result in a significant increase in power output. For example, an increase in wind velocity from 10 to 20 miles-per-hour can increase the power output of the wind system by a factor of eight.
As many remote locations do not have access to traditional utility-power, the wind power system offered by Mass Megawatts provides a cost-effective solution for onsite power generation. The company is currently in negotiations with agricultural, mining, and resort locations that are seeking an efficient, low-cost, power source.
The company expects the wind system to generate power at a cost that is directly competitive with fossil fuel methods. The system is also capable of operating in lower, wind-speed locations, with reduced maintenance costs. Product information and sales inquiries can be made through the company's contact page at www.massmegawatts.com.
Mass Megawatts is a publically traded company with less that eleven million shares issued and outstanding.
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.'s 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
OTC Bulletin Board: MMMW
Mass Megawatts Augmenter Modification Received Notice of Allowance from the US Patent Office
WORCESTER, MA., October 21, 2011 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc.(OTC Bulletin Board: MMMW.OB) (massmegawatts.com) announces that a modified augmenter has received a notice of allowance from the US Patent Office. The Company recently reduced construction cost of its patent pending wind augmenter system through the use of a new polymer material which replaces previous metal and wood renditions. Savings amount to over 35%.
This innovation has allowed the company to competitively price its MAT wind turbine system and begin to bring it to market. For example, a one megawatt unit could be priced as low as $995,000 in certain instances, which is far below competitive products on the market.
The company will finalize its pricing structure later this year.
Augmentation is a method for increasing the wind velocity directed toward the wind turbines. The key to success is to produce a low cost version of the wind enhancement device.. An augmenter increases the harnessed wind velocity with the purpose of increasing the power output. For example, the increase of wind velocity from 10 miles per hour to 20 miles per hour can increase the power output by eight times based on the velocity cubed formula.
Mass Megawatts has less than eleven million shares issued and outstanding.
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.'s 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
OTC Bulletin Board: MMMW
Major Augmenter Cost Reduction Due to Change to Polymer Material; Mass Megawatts Preparing to Bring Product to Market
WORCESTER, MA., September 28, 2011 /PRNewswire-FirstCall/ -- In a major product advancement , Mass Megawatts Wind Power, Inc.(OTC Bulletin Board: MMMW.OB) (massmegawatts.com) has greatly reduced construction cost of its patent pending wind augmenter system through the use of a new polymer material which replaces previous metal and wood renditions. Savings amount to over 35%.
This innovation has allowed the company to competitively price its MAT wind turbine system and begin to bring it to market. For example, a one megawatt unit could be priced as low as $995,000 in certain instances, which is far below competitive products on the market.
The company will finalize its pricing structure later this year after it completes two smaller demonstration units, one of which is being built in Colorado, the other in Western Mass. Further cost reductions are possible.
Augmentation is a method for increasing the wind velocity directed toward the wind turbines. The key to success is to produce a low cost version of the wind enhancement device.. An augmenter increases the harnessed wind velocity with the purpose of increasing the power output. For example, the increase of wind velocity from 10 miles per hour to 20 miles per hour can increase the power output by eight times based on the velocity cubed formula.
Mass Megawatts has less than eleven million shares issued and outstanding and a small amount of debt of $124,736.
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.'s 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
OTC Bulletin Board: MMMW
Mass Megawatts Wind Power Inc. Returns to the OTCBB
WORCESTER, MA, March 31, 2011 /PR Newswire/ Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMMW) is pleased to announce that the Company can begin trading again on the Over the Counter Bulletin Board (OTCBB). Mass Megawatts is a fully compliant SEC reporting company as required for its listing on the OTCBB.
In an unrelated development, Mass Megawatts discloses a new patent pending innovation not directly related to its core business of wind power. In an analysis of wind velocity augmentation, the impact of fast moving air related to the velocity cubed formula of wind power has a greater impact with solid objects. As a method of enhancing military goals while reducing the loss of life, the advancement of military technology in recent decades with precision guided munitions could be enhanced as heavy and non explosive impact devices in specific and limited applications. For existing munitions, the explosive section could be replaced with a non explosive and heavy object. In a potential application, directing one or more non explosive fast moving laser guiding munitions on a targeted military vehicle may effectively destroy the targeted object without damaging nearby structures in high population civilian areas. Further research would be required for determining the practical applications of non explosive munitions.
Mass Megawatts continues its efforts to be a leading provider of choice for wind power which boasts a system designed to operate effectively without high towers or complicated, expensive technologies. Utilizing off-the-shelf parts and a simple and quiet wind augmentation system, the “MAT” can produce electricity comparable to the competition but with lower construction and maintenance costs.
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
OTC Bulletin Board: MMMW
Mass Megawatts Wind Power, Inc. Reports Recent Denver, Colorado Sale
WORCESTER, Mass., March 28, 2011 /PRNewswire/ -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) has sold three wind power units for business related electricity consumption to A-1 Roofing in Denver, Colorado near the National Renewable Energy Laboratory. Prior to the purchase, the customer conducted a due diligence procedure to test and verify power output in order to determine validity of the Multi-Axis Turbosystem. Testing included the use of scale models for determining the power output and power curves based on the specific equipment being purchased.
In a related development, construction is planned to begin shortly thereafter on a wind power unit sold to a New York customer. In Central Massachusetts, the planning process has begun for three additional wind power sales.
Mass Megawatts continues its efforts to be a leading provider of choice for wind power which boasts a system designed to operate effectively without high towers or complicated, expensive technologies. Utilizing off-the-shelf parts and a simple and quiet wind augmentation system, the “MAT” can produce electricity comparable to the competition but with lower construction and maintenance costs.
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
OTC Bulletin Board: MMMW
Mass Megawatts Wind Power, Inc. ( OTCBB:MMMW) Introduces Lightweight Steel For Augmenter Frame Structure
WORCESTER, Mass., February 15, 2011 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMMW) announces the introduction of lightweight steel as an option for our customers.
Wood framing has been primarily used in residential construction for many years and will continue to be an option for customers upon request. Commercial construction has traditionally used masonry and steel methods including lightweight steel for framing building related structures. Either wood or steel can be used and meet the codes for strength.
Steel is uniform in strength and can be shaped or welded to fit specific applications. It is non-combustible, insect-resistant, and does not decay. There is some standardization across the industry with connectors and wiring. However, in many large scale applications, wood framing may prove to be a more cost effective option in specific applications.
In another recent development, Mass Megawatts implemented a change from the vertical-axis blade to the traditional, propeller-style horizontal-axis blade. This will be the mass production model for future MATs. The blades will be small, light-weight and made of durable construction. For now, they can be purchased “off the shelf”, but eventually the company intends to mass produce them along with other parts of the MAT.
A most important benefit from this technology is the elimination of the need for a gearbox. By using the wind augmenter and smaller blades, the rpm of the blades will be of such speed to allow for direct connection to an induction generator. As is well known in the industry, gearboxes are a significant source of problems and machine failure. Omission of this step in the electricity generation process will further reduce cost and maintenance. Other benefits from this updated design include lower height specifications, reduced noise and vibrations, ease of construction and maintenance, ability to be located on more difficult and lower wind speed sites.
Mass Megawatts Wind Power, Inc. (OTCBB: MMMW) has less than ten million shares issued and outstanding with very little debt.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts' 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.'s 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
OTC Bulletin Board: MMMW
Mass Megawatts Wind Power, Inc. (MMMW) To Benefit From Newly Passed Tax Legislation
WORCESTER, Mass., Dec. 22, 2010 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc.(OTC Bulletin Board: MMMW) notes that President Obama signed the tax package legislation which now includes a one-year extension in the deadline for beginning construction of new renewable energy projects in order to qualify for the 30% tax credit which can be converted to U.S. Treasury cash grants. The December 2012 deadlines to complete construction did not change. Section 461 of the Internal Revenue Code may allow a maximum of another three and one half months extension in the deadline beyond the current changes under certain criteria and qualifications.
The wind industry appreciates the strong support of the American Wind Energy Association and other renewable energy organizations seeking a cleaner environment. American Wind Energy Association CEO Denise Bode said, "Orders will be on the rise for new wind power, and investors will put more capital into the U.S. economy because of what happened in Congress. This is a great day for American workers. Factories across the country will restart production lines, recall workers and avoid layoffs that would have followed the loss of this key incentive for wind energy. With consistent policies like this one, wind energy can generate 20 percent of America's electricity within 20 years, and employ half a million Americans."
The bill also allows a 100% depreciation bonus on new equipment placed into service after Sept. 8, 2010 and through the end of December 2011 for qualified projects under $500,000. Instead of depreciating a project over the normal depreciation period, the entire cost could be deducted in the year the project goes into service.
Mass Megawatts Wind Power Inc. (MMMW) plans to implement use of these credits, grants and depreciation in conjunction with any appropriate state grants as part of their future marketing campaign. Presently, the company has in place a 10 year payment option which in good wind sites can provide the power plant purchaser with a favorable payback on their investment.
Over the last several months, Mass Megawatts Wind Power, Inc. (MMMW) has made significant improvements and upgrades to the augmentation and blade design of the mass production model. As details are finalized, expectations are that early next year, the company will be moving into this next level of operations.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts’ 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.’s 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
OTC Bulletin Board: MMMW
Mass Megawatts Goes Horizontal In Its Blade Design
WORCESTER, Mass., Nov. 26 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMMW) announces a new blade design for the patented Multi-Axis Turbosystem (MAT).
The new development is a change from the vertical-axis blade to the traditional, propeller-style horizontal-axis blade. This will be the mass production model for future MATs. The blades will be small, light-weight and made of durable construction. For now, they can be purchased “off the shelf”, but eventually the company intends to mass produce them along with other parts of the MAT.
A most important benefit from this technology is the elimination of the need for a gearbox. By using the wind augmenter and smaller blades, the blade rpm's will be of such speed to allow for direct connection to an induction generator. As is well known in the industry, gearboxes are a significant source of problems and machine failure. Omission of this step in the electricity generation process will further reduce cost and maintenance. Other benefits from this updated design include lower height specifications, reduced noise and vibrations, ease of construction and maintenance, ability to be located on more difficult and lower wind speed sites.
The company will continue to test and refine this model in preparation for plans of mass production early next year.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts' 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.'s 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
Mass Megawatts Wind Power, Inc. Announces Stock Ticker Symbol Change to ‘MMMW’
WORCESTER, Mass., Nov. 15 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMMW) announces a change in its stock ticker symbol from ‘MMGW’ to ‘MMMW’. The reasoning behind this decision involves avoiding any confusion from the abbreviation of a controversial global political organization relating to this previous symbol. Also, the new ticker ‘MMMW’ is more easily identifiable, recognizable and easier to remember.
Mass Megawatts Wind Power, Inc. is a leader in the development of patented wind power technology producing electricity at a cost lower than other wind power equipment. As final testing for its mass production model nears completion, Mass Megawatts plans to expand the marketing of these Multi-Axis Turbo (MAT) wind systems in various areas throughout the country.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts' 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. (MMMW.OB) 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. (MMMW.OB).
Contact:
Jon Ricker
(508) 751-5432
JonRicker@massmegawatts.com
www.massmegawatts.com
Mass Megawatts Wind Power, Inc. Is Encouraged With Recent Progress
WORCESTER, MA., September 30, 2010 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc.(OTC Bulletin Board: MMMW.OB ), continues to achieve cost reductions and improved quality control procedures for manufacturing its wind power units. Meanwhile, Mass Megawatts is intensifying the collection in its data sets from its New York wind power test project using more measurement collection equipment for identifying information that could improve the power output. It is the company's first project incorporating an Augmenter System. Initially, the test project has achieved more than 70% augmentation. We now believe that the augmentation is better than 85% with the information gathered. Although, the results look good, more data collection and independent third party confirmation is needed.
During our past observations, we had seen every level of wind speed, from dead calm to gusts of 60 mph, and have had combinations of prevailing winds from every degree on the compass. In recent months, Mass Megawatts included additional modifications for improving the output by reducing the turbulence of the airflow being accelerated in the augmented area approaching the section with the wind turbine blades.
Once independent, third-party verification of the latest technology is completed with a solid mass production plan, Mass Megawatts can effectively expand the marketing of their product as having a competitive edge over other wind technologies.
In other recent news, Mass Megawatts recently eliminated most of its remaining debt. The company has less the ten million shares issued and outstanding.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts' 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. (MMMW.OB) 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. (MMMW.OB).
Contact:
Jon Ricker
(508) 751-5432
JonRicker@massmegawatts.com
www.massmegawatts.com
Mass Megawatts Maintains Improved Financial Condition
WORCESTER, Mass., September 1, 2010 /PRNewswire-FirstCall. , Mass Megawatts Wind Power, Inc. (OTC/BB: MMMW) will report in its next financial report that the cash continues to be sufficient for achieving its goals in a timely manner. Recently, Mass Megawatts raised enough funds to eliminate most of its debt. Mass Megawatts, a company with less than ten million shares issued and outstanding, continues to avoid a severe cash flow problem experienced in recent years by the Company. Without the burden of cash and debt issues, Mass Megawatts is in position to complete the goals related to product development and the preparation for mass production of their MAT wind turbines. Once independent, third-party verification of the latest technology of the "Wind Prism" is completed, Mass Megawatts can effectively expand the marketing of their product as having a competitive edge over other wind technologies.
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.'s 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 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
Mass Megawatts continues technological advances; "Wind Prism" design further increases output.
WORCESTER, Mass., July 2 /PRNewswire-FirstCall. , Mass Megawatts Wind Power, Inc. (OTC/BB: MMMW) introduces the addition of a "wind prism" to be fitted for usage in all newly constructed augmenters for their MAT (Multi-Axis Turbosystem) wind turbines.
While the augmenter technology has been proven effective at increasing wind velocity upwards of 70%, the new implementation of a "wind prism" is designed to additionally enhance output. It works by smoothing the internal sides of the augmenter with a fitted material, thereby decreasing turbulence resulting in still higher wind speeds and greater electricity generation. This will become a permanent fixture in the MAT augmenter technology.
In other news, Mass Megawatts raised enough funds recently to eliminate its remaining debt. The company also raised enough cash to expand its ongoing operations. Mass Megawatts, a company with only nine million shares issued and outstanding, has essentially reduced to near zero all company debt. Additionally, the Company no longer experiences a severe cash flow problem. Most of the time including the recent past, Mass Megawatts was burdened with cash and debt issues. As a result, Mass Megawatts is now financially poised to achieve their next goal of preparation for mass production of their MAT wind turbines. Once independent, third-party verification of the latest technology of the "Wind Prism" is completed, Mass Megawatts can effectively expand the marketing of their product as having a competitive edge over the standard propeller-style technologies.
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.'s 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 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
