Mass Megawatts Concludes $1,000,000 Sale
WORCESTER, Mass., Feb. 22 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMGW), announced today that Catskill Mountain Wind Management, Inc. had accepted the Company's newest version of its technology, which was a prerequisite for Catskill's purchase from Mass Megawatts of a number of demonstration units to be installed throughout New York State to promote the MAT (Multi-Axis Turbosystem) and Augmenter System.
Under the terms of an agreement with Catskill, Mass Megawatts was required to have a commercialized version of its new Augmenter System (patent pending) installed, and have achieved an augmentation benchmark (increase in wind speed velocity entering the wind turbine area) over a month period of greater than 50%.
Recently, Mass Megawatts announced that the new version of its Augmenter System, which was installed on its Hunter, New York project had maintained an augmentation level of 70% for over 30 days, and an average increase in wind velocity for that period of 70%.
The Hunter, New York wind power project has been jointly sponsored and financed by Mass Megawatts and Catskill Mountain Wind Management. The Project's basis was to provide power to the Hunter Township's Water Remediation Facility, where the Unit is located, allowing for excess generation to be utilized on behalf of the Township and the Greene County IDA.
Catskill Mountain Wind Management, Inc. worked side by side with the Mass Megawatts team over the past month to finalize the first phase of the Hunter project, and was pleased to achieve the augmentation benchmark of 50%. Additionally, both Mass Megawatts and Catskill Mountain Wind Management appreciate the enormous help from the local governments and citizens. In special recognition of honor and their reputation of high esteem, the success of the Hunter project has been made possible with the several months of valuable dedication and devoted support from the Greene County Industrial Development Authority and the Township of Hunter.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts' 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. (MMGW.OB) to achieve or maintain necessary zoning approvals with respect to the location of its MAT 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. (MMGW.OB).
SOURCE Mass Megawatts Wind Power, Inc.
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