WORCESTER, Mass., May 10, 2018 (GLOBE NEWSWIRE) -- Mass Megawatts Wind Power, Inc. (OTC: MMMW) today announced that the company has an additional new transportable solar product available for targeted customers in disaster recovery applications and industries requiring assets to move frequently. It is a good additional product line to the conventional electric cost saving solar trackers and stationary solar power units currently available to potential customers. Mass Megawatts is finalizing efforts to bring to market with its business partners an improved solar tracking technology with further savings in comparison to its stationary units and the currently available solar trackers in the expanding solar power market.
The patent pending, ‘Solar Tracking System’ (STS) with additional technology from other companies and individuals is designed to automatically adjust the position of solar panels throughout the day to receive an optimal-level of direct sunlight. Unlike other solar tracking technologies, the technological improvements utilizes a low-cost structure that adds stability to the overall system while also improving energy production levels. The STS also uses a proprietary mechanical innovation to limit dynamic and static loading on the tracker, which can occur during periods of high wind and extreme weather, in order to reduce wind-related stresses and system downtime. The STS is designed to lower material costs and reduce the number of solar panels needed to generate the rated capacity. Due to this advantage, the improved solar tracker can deliver more solar power production at the same cost of lower-capacity, stationary systems.
In recent related activity to make a product ready for manufacturing led by CEO Jonathan Ricker, certain items of the new technology have to be reviewed and tested in order to bring assurances that the improved solar tracker is ready for market.
Before Mass Megawatts and potential territorial license agreements partners enter a contract and finance any project with Underwriters Labs, an understanding of the product to be tested must be clear. Mass Megawatts and its partners have to decide if the single tracker is the fastest route to bringing revenue or will the more time consuming and more profitable dual axis tracker be the preferred product. Then, will the Mass Megawatts product be part of the existing product of the license partner technology. The most likely partners have used solar products and would like to increase their potential rate of return with our tracker or in combination with other solar technology including other solar tracker concepts.
UL 3703 cover trackers that are not attached to buildings in accordance to National Electrical code NFPA 70. Requirements include public access restricted by a fence and secured location and be evaluated given to any mechanical and moving parts requirement and evaluation with mechanical hazard requirements related to UL 3703. Requirements also cover ballast mounted versions of the tracker which by design are not required to be mechanically secured. Our product can be ballast mounted unlike most other solar trackers in the industry.
The requirements cover the attachment means of the solar products and not the solar devices themselves including those that are already certified under other certifications including UL 2703 and UL 1703 which are older certifications including standards for mounting systems, clamping and ground lugs. Any tracker needs to be compatible with other solar products used with the tracker including safety, specific mounting , bonding, and grounding.
The requirements may not require wind load conditions. However, wind test data would help potential customers understand our product addressing those conditions which is a well known concern related to solar trackers in the industry.
In other news, Mass Megawatts plans to file a Form 10 help improve transparency of its future revenues and its low debt, no toxic debt, and low number of outstanding shares. Mass Megawatts remains to be a development stage company with only approximately 60 million shares issued and outstanding, and less than $300.000 in debt,
Product information and sales inquiries can be made through the company’s contact page at www.massmegawatts.com and the e-mail address on the web site.
This press release contains forward-looking statements that could be affected by risks and uncertainties. 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.