
Mass Megawatts Wind Power, Inc. Is Encouraged With Recent Progress
WORCESTER, Mass., Sept. 30 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMGW ) continues the progress with the goal of manufacturing our units using both cost reductions and improved quality control procedures. Meanwhile, Mass Megawatts is intensifying the collection in its data sets from its New York wind power test project using more measurement collection equipment for identifying information that could improve the power output. It is the company's first project incorporating an Augmenter System. Initially, the test project has achieved more than 70% augmentation. We now believe that the augmentation is better than 85% with the information gathered. Although the results look good, more data collection and independent third party confirmation is needed.
During our past observations, we had seen every level of wind speed, from dead calm to gusts of 60 mph, and have had combinations of prevailing winds from every degree on the compass. In recent months, Mass Megawatts included additional modifications for improving the output by reducing the turbulence of the airflow being accelerated in the augmented area approaching the section with the wind turbine blades.
Once independent, third-party verification of the latest technology is completed with a solid mass production plan, Mass Megawatts can effectively expand the marketing of their product as having a competitive edge over other wind technologies.
In other recent news, Mass Megawatts recently eliminated most of its remaining debt. The company has less the ten 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' 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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