WORCESTER, Mass. / ACCESSWIRE / July 31, 2014 / Mass Megawatts Wind Power, Inc. (OTC: MMMW) today announces the details of new solar tracking technology to be available soon on the website www.massmegawatts.com .The new product is designed to increase solar energy production more than 25%. The patent pending, ‘Solar Tracking System’ (STS) 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 to the overall system while improving energy production levels. 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. In many locations, this improved output translates into a 40% rate of return for the customer with investment payback occurring in the 4th year. 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.
In other news, the Company has declined and will continue to refuse convertible debt, also known a toxic debt. The "Death Spiral" or toxic debt is a loan that investors give to a publicly traded company in exchange for a note or bond with a right to buy stock at a lower price than the current market price. The conversion process results in the drop in the stock price.
With its patented, Solar Tracking System, Wind Electric Power Generation 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
SOURCE: Mass Megawatts Wind Power, Inc.