Mass Megawatts Wind Power, Inc. Generates Added Benefits for Commercial Applications
WORCESTER, Mass., May 20, 2011 /PRNewswire/ -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) plans to incorporate a method of reducing demand charges with commercial wind power systems. In high wind locations with high electric prices, the rate of return can be improved by reducing the payment requirement of large electric users for the right to have energy capacity available at all times even if the electric users do not use the capacity.
In other news, Mass Megawatts Wind Power plans to have the first unit of the previously announced sales near the National Renewable Energy Laboratory completed in July.
Mass Megawatts Wind Power, Inc. recently resumed trading again on the Over the Counter Bulletin Board (OTCBB). Mass Megawatts Wind Power is a fully compliant SEC reporting company as required for its listing on the OTCBB. The Company has very little debt. There are only approximately ten million issued and outstanding common shares of Mass Megawatts stock.
Mass Megawatts Wind Power, Inc. 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.
SOURCE Mass Megawatts Wind Power, Inc.
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