Mass Megawatts (MMMW) Reports Best Cash Position in 20 Years

Rhea-AI Summary

Mass Megawatts Wind Power (OTC Pink: MMMW) announced a strong cash position, enabling sales growth towards profitability. The company is set to manufacture its patent-pending solar tracker, a technology designed to enhance solar power output while reducing costs. The solar tracker market is projected to reach over $3 billion by 2025. Mass Megawatts aims to provide a lower-cost solution compared to competitors. With minimal debt and innovative technology, the company is positioned to expand production and support its revenue goals.

Positive

• Strong cash position enables progress towards profitability.
• Patent-pending Solar Tracking System designed for cost savings and efficiency.
• Solar tracker market expected to exceed $3 billion by 2025.
• Low-cost structure improves stability and energy production levels.

Negative

• Risks associated with maintaining zoning approvals for power developments.
• Need to remain competitive in the growing solar market.
• Dependence on financing for marketing and electricity sales.

WORCESTER, Mass., March 11, 2022 (GLOBE NEWSWIRE) -- Mass Megawatts Wind Power, Inc. (OTC Pink: MMMW) reports a very good cash position 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 is Mass Megawatts Wind Power's stock symbol?

The stock symbol for Mass Megawatts Wind Power is MMMW.

What are the key features of Mass Megawatts' Solar Tracking System?

The Solar Tracking System improves solar output and reduces installation costs, utilizing a low-cost structure for added stability.

What is the projected market size for solar trackers by 2025?

The solar tracker market is projected to exceed $3 billion by 2025.

What are the financial risks highlighted in Mass Megawatts' press release?

Risks include the need for zoning approvals and the ability to remain competitive in the market.