WORCESTER, MA / ACCESSWIRE / April 17, 2015 / Mass Megawatts Wind Power, Inc. (OTC: MMMW) announced a goal today to be profitable in the next fiscal year with sales of its new patent pending 'Solar Tracking System' (STS). The Company recently announced a goal of a small profit for the fiscal quarter ending July 31, 2015. The new product 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 Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall system while improving energy production levels.
In other important news, Mass Megawatts will use the new opportunities available to receive certification of the company not having convertible debt, toxic debt or other forms of death spiral financing. There is a rapidly growing movement with investors for the desire of those certifications. A real danger of toxic debt exist with any investments even if a company's business looks positive.
Mass Megawatts repeatedly rejected "Death spiral financing" or a process where convertible financing used to fund to fund companies. The form of financing can cause a public company's stock to fall dramatically and can lead to the company's ultimate downfall. Many small companies rely on selling convertible debt to fund their operations. This convertible debt, often convertible debentures, can be converted to the common stock of the issuing company at sizable discounts to the free market value of the common stock. The holder of the convertible debt initially shorts the issuer's common stock resulting in a stock price decline at which time some of the convertible debt is converted to common shares with which the short positions are covered. The debt holder continues to sell short and cover with converted stock. The share price continues to weaken and makes the shares unattractive to new investors and can severely limit the company's ability to obtain new financing if the need arises.
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.
With its patent pending, Solar Tracking System, 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
SOURCE: Mass Megawatts Wind Power, Inc.
