Mass Megawatts Wind Power, Inc. Reports Fiscal Quarter Ended July 31, 2006
Posted on: Tuesday, 19 September 2006, 12:01 CDT
WORCESTER, Mass., Sept. 19 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power, Inc. (BULLETIN BOARD: MMGW) http://www.massmegawatts.com/ reports a first quarter loss of two cents per share or $71,248. The first fiscal quarter ended July 31, 2006. In the same three month period of the previous year, Mass Megawatts had a net loss of 1.5 cents per share or $45,700.
Mass Megawatts is expected to reduce the cost of producing wind power at least 40% less than the cost of traditional wind power plants. For example, Mass Megawatts uses smaller blades utilizing a fraction of the material per rated kilowatt. Another advantage for Mass Megawatts is the lower maintenance cost with the generators and gearboxes being isolated from problem causing vibration. As a result, it prevents premature failure. Additionally, Mass Megawatts can use air flow enhancement technology that is not cost effective for traditional wind power plants.
For more information, the web site is http://www.massmegawatts.com/ and the company can be reached at the phone number of (508) 751-5432.
This press release contains forward-looking statements that could be affected by risks and uncertainties, including but not limited to Mass Megawatts Wind Power, Inc. 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. 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.
Contact: Jon Ricker (508) 751-5432 JonRicker@massmegawatts.com http://www.massmegawatts.com/
Mass Megawatts Wind Power, Inc.
CONTACT: Jon Ricker of Mass Megawatts Wind Power, +1-508-751-5432,JonRicker@massmegawatts.com
Web site: http://www.massmegawatts.com/
Source: PRNewswire-FirstCall
Related Articles
- Ultra Petroleum Reports 2008 Proved Reserves of 3.52 Tcfe, an 18 Percent Increase, or 21 Percent on a Per Share Basis, and All-In F&D Cost of $1.39 Per Mcfe With 470 Percent Organic Reserve Replacement Ratio
- enXco Announces 351 Megawatts of Wind Projects for Xcel Energy
- Southern California Edison Signs Contract for More Than 900 Megawatts of Wind Energy
- Georgia Power Installing $1.2 Billion Worth of SO2 Scrubbers at 3,500-Megawatt Power Plant, an Industrial Info News Alert
- Xcel Energy Issues Request for Proposals for 500 Megawatts of Wind Power
- Xcel Energy Announces 1,000th Megawatt of Wind in Minnesota
- GE to Supply Additional 600 Megawatts of Wind Turbines to Invenergy
- MidAmerican Energy Completes 99-Megawatt Victory Wind Project
- EMS' Energy Management Solutions Reduce Sharjah Downtown Centre's Operating Costs By 30 Per Cent
- Nigeria to Build 500-Megawatt Power Plant in Cross River State
 |
 |
User Comments (0)
RSS Feeds