Mass Megawatts Announces the Start of an Online Discount Solar Energy Equipment Business with Revenue Recognized for the First Time Since Year 2010 in This Fiscal Quarter

Rhea-AI Summary

Mass Megawatts (OTC Pink: MMMW) announces the start of an online discount solar energy equipment business, marking its first revenue recognition since 2010 in the fiscal quarter ending October 30, 2024. The company, currently valued at $500,000, aims to boost operations through this new revenue stream.

Key points:

• New online business launched less than two weeks before the fiscal quarter's end
• Revenue will support patent-pending solar tracker certification and reporting compliance
• Products sourced from top manufacturers for reliability
• Focus on commercial solar solutions for businesses of all sizes
• Recent improvements in cost-cutting concentrated solar power technology
• Two patent-pending versions of concentrated solar technology
• Innovative Concentrated Solar Sterling Engine for cost-effective electricity generation
• Patent-pending Solar Tracking System (STS) to reduce payback period for solar investments

Worcester, Massachusetts--(Newsfile Corp. - October 18, 2024) - Mass Megawatts (OTC Pink: MMMW) announces today the recognition of revenue in the fiscal quarter ending October 30, 2024, with a new online business starting operations today which is less than two weeks before the end of the fiscal quarter. The lack of revenue since fiscal year 2010 and only conducting development work on great new solar technologies in the pre-marketing stage resulted in Mass Megawatts having a market capitalization of $500,000. To give a better perspective, Mass Megawatts is less than half of the valuation of a SEC public shell that has no business. The source of revenue in the next several fiscal quarters will benefit the operations of the company ranging from the certification expenses of the patent pending solar tracker to updating and maintaining compliance of our reporting obligations as a publicly traded company. Mass Megawatts will soon be posting details and items for sale on our web site www.massmegawatts.com and the Mass Megawatts Facebook site.

Our products are sourced from top manufacturers, ensuring that you receive reliable and long-lasting equipment for your solar energy needs. Lower-cost solar solutions provide businesses with the freedom to offer more competitively priced products or services, Mass Megawatts can elevate your business with our cutting-edge commercial solar equipment and solutions. We specialize in providing businesses of all sizes with efficient, sustainable, and cost-effective solar solutions tailored to meet your unique energy needs. Our commercial-grade solar panels, inverters, and mounting systems are designed to maximize energy production and enhance overall efficiency.

In recent news related to new product development, Mass Megawatts recently announced improvements toward cost reductions using the patent pending cost cutting concentrated solar power technology. The most important innovation toward reducing the cost of electricity is related to the unique solar concentration section that works well with our patent pending solar tracker. We have two patent pending versions of concentrated solar technology. One is related to additional output for photovoltaic cells and the other is related to concentration of heat to operate a new and improved patent pending Sterling engine to produce electricity.

The Concentrated Solar Sterling Engine innovation brings the best substantial cost saving improvements toward delivering solar generated electricity. The unique cost competitive solar concentration section using low-cost material generally used by canvas buildings are placed onto of the solar tracker platform which works with our solar tracker. It helps concentrate the solar rays onto the heat piston section of the Sterling Engine. The low-cost canvas material is already approved by structural engineers for buildings with the canvas like material having an expected life of 30 years.

In addition to the low-cost concentrator, the improved Sterling engine reduces the mechanical issues related to pistons and its applications. In the heat displacer and piston, a rectangular extension with the four walls comprises rollers to avoid the need for precision and avoid friction when the parts are moving. The cost reduction related to robust simplicity also reduces long term maintenance issues related to traditional piston technology.

Traditional Sterling engine pistons have a high service cost related to the harsh conditions the piston rings must endure. There is high temperature and high sliding velocities which can cause excessive wear and tear. As a result, short replacement intervals of piston rings and sometimes cylinders may be needed to maintain high efficiency. The innovation is a low-cost method to increase the replacement interval and reduce the service cost. The rectangular extension supports the piston during its mechanical process involving high temperatures, high sliding velocities and the non-lubricated operation related to the pistons. The addition to the reinforcement rectangular extension method also reduces unwanted spikes in temperature and friction which causes an acceleration of piston related wear and tear.

The several new technologies are important additions and applications of its patent pending solar tracker. A video on the home page of www.massmegawatts.com summarizes the patent pending solar tracker.

The company's Solar Tracking System (STS) is a new patent pending product that significantly reduces the payback period for solar power investments. It is designed to automatically adjust the position of solar panels to directly face the sun as it travels from East to West throughout the day. Unlike other solar tracking technologies, the Mass Megawatts Solar Tracker utilizes a low-cost framework that adds stability to the overall system, while improving energy production levels.

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 (MMMW), 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 (MMMW).

Contact:
info@massmegawatts.com
www.massmegawatts.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227044

FAQ

When did Mass Megawatts (MMMW) last recognize revenue before this announcement?

Mass Megawatts (MMMW) last recognized revenue in fiscal year 2010, before the current announcement of revenue recognition in the fiscal quarter ending October 30, 2024.

What is the current market capitalization of Mass Megawatts (MMMW)?

According to the press release, Mass Megawatts (MMMW) currently has a market capitalization of $500,000.

What new business has Mass Megawatts (MMMW) started?

Mass Megawatts (MMMW) has started an online discount solar energy equipment business, which began operations on October 18, 2024.

What are the two patent-pending versions of concentrated solar technology mentioned for MMMW?

Mass Megawatts (MMMW) has two patent-pending versions of concentrated solar technology: one for additional output for photovoltaic cells, and another for concentrating heat to operate an improved Sterling engine for electricity production.

What is the Solar Tracking System (STS) developed by Mass Megawatts (MMMW)?

The Solar Tracking System (STS) is a patent-pending product by Mass Megawatts (MMMW) that automatically adjusts solar panels to face the sun throughout the day, using a low-cost framework to improve stability and energy production levels.