Mass Megawatts' Improved Cash Flow to Accelerate Production of Frankenstein Solar Power Monsters
October 13 2014 - 5:01AM
InvestorsHub NewsWire
WORCESTER, Mass. - October 13, 2014 -
InvestorsHub NewsWire - Mass Megawatts Wind Power,Inc. (OTCQB:MMMW)
today announces progress toward reducing its debt and improving its
cash flow in the current fiscal quarter ending October 31,2014.
Mass Megawatts raised enough cash to fund initial cost toward the
production of its Solar Power Monsters, designed to slash the cost
of solar energy over 20 percent. 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 business goals.
In recent news. Mass Megawatts
announced the Frankenstein Solar Power Monster, a new solar power
tracking system. More details are to be available on October 27.
Mass Megawatts has significantly reduced the cost of solar energy
with its patent-pending, Solar Power Tracking System (STS) through
the use of an advanced design with fewer electrical components and
moving parts. With near-zero dynamic and static load requirements,
the solar-tracker avoids most of the torque requiring costly
components. It reduces the need for large drivetrains and motors
that traditional systems utilize.
The STS provides an efficient
way to maximize the generation of solar power and gives Mass
Megawatts a distinct cost advantage in the solar power
industry. Product and sales inquiries have continued to
indicate strong demand for the STS, and commercial production is
anticipated to being in the next few months.
The Mass Megawatts STS is a
complete solar-power system designed to automatically adjust the
position of its solar panels throughout the day to receive an
optimal level of direct sunlight. Unlike other solar tracking
technologies, the Mass Megawatts STS utilizes a low-cost structure
that adds stability to the overall system while improving energy
production levels up to 28%.
Starting at 6.25 kW rated
units, a Mass Megawatts STS system is appropriate for ground-level,
residential and business sites, as well as, commercial, roof-top
installations. Mass Megawatts coordinates all aspects of system
delivery, including permitting, installation, and working to obtain
any available tax incentives. They monitor the performance of each
system, and provide a full, performance
guarantee.
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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