WORCESTER, Mass., Feb. 1, 2013 /PRNewswire/ -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) today announces electric bill savings for more than eighty percent of its residential and business electric users in its initial target market. There is no risk to perform the audit. The Company only shares in the credits, refunds, and other savings they identify and secure for the customer. If no reductions in electric cost are found, then the audit is completely free. It is a great way to get a risk-free, professional analysis of your current utility plans and services.
Recently, affordable green energy was made available to consumers in the Northeast region of the United States as an additional product line from Mass Megawatts.
In other news, the Company completed a wind augmentation system that utilizes a less complicated and inexpensive wind-focusing technique resulting in a reduction in the cost of producing electricity from wind power. 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.
With its patented, wind augmentation system, a new retail sales business, energy evaluation services and very little debt, Mass Megawatts believes it is well positioned to ramp-up production of its new augmentation units in the shorter term while expanding its infrastructure to support mass-production goals in the longer term.
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 condition. Mass Megawatts Wind Power Inc. expected and anticipated positive and negative impact on the Mass Megawatts stock price and the MMMW stock quote.
SOURCE Mass Megawatts Wind Power, Inc.