WORCESTER, MA / ACCESSWIRE / January 23, 2015 / Mass Megawatts Wind Power, Inc. (OTCQB: MMMW) is committed to finance future expansion with the sale of solar projects and commercial units using the conventional, contractor-method of financing and other non-toxic forms of project finance. Mass Megawatts strategic plans are prioritized toward long-term shareholder growth through the execution of a business model that gains market share, increase revenues and earnings, and avoids stock dilution. An example of this type of project financing structure would require one-third payment up-front, one-third payment halfway through construction, and one-third payment at the completion of the project. Other forms of financing may include a limited version of a real estate trust whereas the solar project would be treated in a manner similar to real estate.
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.
Using the patent-pending STS, Mass Megawatts has developed a more efficient way to track the sun. While conventional solar trackers may increase solar costs by 15% or more to achieve a 25% power-output increase, the Mass Megawatts STS only requires a 5% increase in system cost.
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.