Mass Megawatts Earned Revenue in Recent Fiscal Year
WORCESTER, Mass., June 26, 2012 /PRNewswire/ -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMMW) today reports that the Company earned revenue from initial sales of its new products in the fiscal year ended April 30, 2012. Although the revenue is small, we plan to increase revenue aggressively in the next fiscal year as the Company markets an easy to construct low cost augmented wind system.
In recent news, Mass Megawatts announced results indicating a substantial increase in power output generated by wind turbines that implement the company's patented wind augmentation technology. The Mass Megawatts' wind augmentation system utilizes a less complicated and inexpensive wind-focusing technique to increase the wind velocity directed at the turbine by an average of 70% which in turn increases the power output by three times.
The Company's augmentation system eliminates the need for turbine structures to exceed a height of 80 feet to realize adequate wind velocity. This reduces material and installation costs while expediting zoning approval in many locations. Additionally, the augmenter technology makes it possible for turbines to operate profitably in lower wind-speed locations.
Additional information can be found at the company's website www.massmegawatts.com.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts Wind Power'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 , 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. Additionally, Mass Megawatts Wind Power stock quote and Mass Megawatts stock price may be impacted by global conditions. Mass Megawatts Wind Power expected uncertainty on the Mass Megawatts stock price and the MMMW stock quote.
SOURCE Mass Megawatts Wind Power, Inc.