Mass Megawatts Reports Current And Future Cost Reduction With The Use Of New Material
WORCESTER, Mass., Nov. 23, 2011 /PRNewswire/ -- Mass Megawatts Wind Power, Inc. (OTC/BB: MMMW) anticipates a short term cost reduction of twenty to twenty five percent through the use of its new polymer material. The current wind power system rendition uses a substantial amount of metal related items. In the long term, Mass Megawatts projects at least another ten percent reduction in cost with the use of the new material and a savings in labor cost associated with the polymer.
The new improvement will also be used on the recently announced off the grid wind system developed for use at agricultural or home-based locations that are not connected to the utility power grid.
The wind power system leverages the patented, wind augmenter technology that increases the wind velocity directed toward the wind turbine. This, in turn, can result in a significant increase in power output. For example, an increase in wind velocity from 10 to 20 miles-per-hour can increase the power output of the wind system by a factor of eight.The company expects the wind system to generate power at a cost that is directly competitive with fossil fuel methods. The system is also capable of operating in lower, wind-speed locations, with reduced maintenance costs. Product information and sales inquiries can be made through the company's contact page at www.massmegawatts.com. Mass Megawatts is a publicly traded company with less than eleven million shares issued and outstanding. 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 wind energy conversion device. 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.
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