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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mass Megawatts Wind Power Inc (PK) | USOTC:MMMW | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00494 | 0.0049 | 0.0054 | 0.00494 | 0.0046 | 0.0046 | 28,650 | 21:02:57 |
WORCESTER, Mass. - January 2, 2015 - InvestorsHub NewsWire - Mass Megawatts Wind Power Inc.,
(OTCQB: MMMW) announces the spinoff of shares into a private investment company with
the goal of being a public entity for the specific purpose of allowing new investment project owners
the maximum benefit from the new solar tracker technology. At the same time, Mass Megawatts will be
able to to produce and market the patent pending solar tracker. The spinoff will be non-dilutive to Mass Megawatts, and is targeted for stock issuance to Mass Megawatts shareholders of record in the Spring of 2015.
Mass Megawatts is expected to received approximately thirty percent of the shares from the solar project investment company in exchange for a limited territory licensing agreement of solar tracker technology
for the use of projects with photovoltaic or solar cell technology applications. The agreement allows the shareholders of Mass Megawatts to benefit from the growth of the solar energy industry, while potentially earning Mass Megawatts lucrative licensing fees.
The patent pending, Mass Megawatts 'Solar-Power Tracking System' (STS) is a complete solar-power
system designed to automatically adjust the position of its 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 improving energy production
levels up to 28% and only adding less than 10% to the cost of the project.
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's. ability to produce
a cost-effective product. 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 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.
Contact Information
www.massmegawatts.com
info@massmegawatts.com
(508) 751-5432
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