Mass Megawatts Wind Power, Inc. Reports Initial Sale of 'Wind Electric Power Generator' Comprising Only Seven Moving Components
WORCESTER, Mass., Feb. 22, 2013 /PRNewswire/ -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) today reports the initial sale of the most recent company's patented, 'Wind Electric Power Generator' with only seven moving components. This wind-based, power system produces reliable, low-cost, and clean energy that's well suited at remote and rural locations, including agricultural and commercial facilities. The company currently has three additional potential sales and customers from the marketing program recently launched in Colorado.
The initial unit was purchased for $47,000 by a local rancher in Colorado. Mass Megawatts has received $30,000 as a down payment. The site is located within a wind-class 5 territory, and the power generator will be interconnected to the utility grid. The customer's onsite energy needs will be supplemented by the Mass Megawatts' wind-electric system, with surplus power being sold directly to the utility. The sale was aided by recent marketing efforts coordinated by the company's Midwest regional manufacturing facility located on Highway 8 in Morrison, Colorado. Several additional sales of the Wind Electric Power Generator are currently pending.
The initial target market for the 'Wind Electric Power Generator' consists of agricultural facilities in the greater Colorado area. The company's goal is to provide widespread availability of more cost-effective, electric power and water pumping technology to farms and ranches in the central plains of the United States.
Mass Megawatts' plans to further enhance the 'Wind Electric Power Generation' system by leveraging the company's patented, Wind Augmentation and Diffuser technology. This will significantly improve the performance of the unit by increasing the wind velocity directed toward each wind turbine. This accelerated wind speed, in turn, will result in a dramatic increase in power output, which is anticipated to be 3 or 4 times higher than a typical, non-augmented installation.
Additionally, the company is developing wind turbines with augmenters using horizontal or propeller type turbine blades. The cost per rated kilowatt is projected to be less than $1000 and anticipated to approach $600 in mass production. This compares very favorably with traditional wind power systems that realize a cost of $1500 to $2000 per rated kilowatt.
Recently, in other news, the company began offering discounted, electric power at competitive rates to commercial and residential electricity users in several states, including Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Delaware and Illinois. Mass Megawatts indicates that their expansion into the retail electrical market is a logical, strategic progression that diversifies their business model while improving future earnings potential.
With its patented, Wind Electric Power Generation system, a new retail sales business, 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.
Product information and sales inquiries can be made through the company's contact page at www.massmegawatts.com
SOURCE Mass Megawatts Wind Power, Inc.