Mass Megawatts Announces Filing Form 10 to Register its Stock with the U.S. Securities and Exchange Commission

Rhea-AI Summary

Mass Megawatts Wind Power (OTC Pink: MMMW) has filed a Form 10 Registration Statement with the SEC, enhancing transparency for investors. The company has reported its strongest cash position ever, facilitating new product manufacturing, including its patent-pending solar tracker aimed at decreasing solar energy costs. The solar tracker market is projected to grow from $2 billion to over $3 billion by 2025. Additionally, Mass Megawatts is developing a Solar Tracking System that improves energy output while reducing costs. With minimal debt, the company is positioned for future revenue growth.

Positive

• Strongest cash position in corporate history enabling product development.
• Potential entry into a $3 billion solar tracker market by 2025.
• Innovative Solar Tracking System expected to enhance energy output and reduce costs.
• Minimal debt positions the company well for revenue growth.

Negative

• None.

WORCESTER, Mass., April 06, 2022 (GLOBE NEWSWIRE) -- Mass Megawatts Wind Power, Inc. (OTC Pink: MMMW) reached an important milestone today by filing a Registration Statement on Form 10 with the U.S. Securities and Exchange Commission to register its common stock, no par, under the Securities Exchange Act of 1934 as amended. The Form 10 filing provides business and financial information of the Company. Upon the effectiveness of the Form 10, Mass Megawatts will be required to file periodic reports with the SEC. The registration will generate better transparency with the investor community.

In other recent news developments, the Company reported the best cash position in its corporate history allowing the opportunity for achieving its goals of producing sales toward the path of profitability. The Company can move forward with new product manufacturing and a few small commercial sales of the new patent pending solar tracker. The use of solar trackers is known to reduce the cost of solar powered electricity. Although Mass Megawatts is aiming to achieving a very small fraction of global demand, the solar tracker market is anticipated to be worth more than $3 billion by 2025 expanding from the current market size of about $2 billion. Mass Megawatts sees an opportunity to be part of the growing solar tracker market with a lower cost product than the trackers marketed by other solar tracker companies in this high growth segment of the solar energy market.  A solar tracker is a method of tracking the sun throughout the day for a photovoltaic (PV) system with the purpose of increasing energy output throughout the day. The market is anticipated to have substantial growth due to the growing need for renewable energy.   

Mass Megawatts is finalizing efforts to bring a new Solar Tracking technology with more electric cost savings for its customers in comparison to its stationary units. The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to improve solar-energy production while and at the same time reduce material and installation cost.

The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to automatically adjust the position of 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 also improving energy production levels. The STS also uses a proprietary mechanical innovation to limit dynamic and static loading on the tracker, which can occur during periods of high wind and extreme weather, in order to reduce wind-related stresses and system downtime. The STS allows Mass Megawatts to lower the cost of material 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.

With its patent pending, Solar Tracking System and Wind Electric Power Generation system and very little debt. Mass Megawatts believes it is well positioned for expanded production and supporting its revenue generation goals in the longer term.

Product information and sales inquiries can be made through the company’s contact page at www.massmegawatts.com and the e-mail address on the Website.

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.

Contact:

Mass Megawatts Wind Power, Inc. 

info@massmegawatts.com

www.massmegawatts.com

FAQ

What recent milestone did Mass Megawatts (MMMW) achieve?

Mass Megawatts filed a Form 10 Registration Statement with the SEC, improving transparency.

What is the significance of the Form 10 filing for Mass Megawatts (MMMW)?

The Form 10 filing requires Mass Megawatts to file periodic reports with the SEC, enhancing investor transparency.

How is Mass Megawatts (MMMW) positioned in the solar tracker market?

Mass Megawatts aims to enter the growing solar tracker market, projected to exceed $3 billion by 2025.

What are the benefits of the new Solar Tracking System from Mass Megawatts (MMMW)?

The Solar Tracking System is designed to improve energy production while reducing material and installation costs.

What is the financial situation of Mass Megawatts (MMMW) currently?

The company reported its best cash position in history, supporting future growth and product development.