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Mass Megawatts Increases Manufacturing Capabilities for Solar Tracker Production

07/30/2021 | 07:44am EDT

Mass Megawatts Wind Power, Inc. announced its increased ability to manufacture and improve the delivery of a small and steady amount of solar tracker sales. Much of the additional equipment in the delivery of its product is existing equipment of small production companies and facilities in Massachusetts. Using the equipment during the nights and weekends when it would not ordinarily be used by the other companies gives an additional source of revenue to the owners of the equipment and avoids capital expenditures by Mass Megawatts. The ability to use other equipment improves the ability to maintain a sufficient cash flow for delivering sales. At some point in the future with an anticipated larger amount of sales, Mass Megawatts plans to have its own equipment if sufficient sales justify the operations of night and weekend shifts in addition to a regular weekday and daytime shift. The purchase of solar trackers with the solar units for many businesses is an opportunity to save money for the commercial users of solar power. Additionally, Mass Megawatts with its solar tracker has larger benefits of solar power output in the northern part of the United States and Canada. Mass Megawatts patent pending solar tracker has its output in the northern climates in relation to commercial horizontal single axis solar trackers power output on the market, It would still have a higher output than commercial horizontal solar trackers in the southern parts of North America closer to the equator. Mass Megawatts is continuing its efforts to bring a new Solar Tracking technology with more electric cost savings for its customers in comparison to its stationary units. The patented pending, Mass Megawatts Solar Tracking System is designed to improve solar-energy production and at the same time reduce the cost of materials and installation. The patented pending, Mass Megawatts ‘Solar Tracking System’ 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 Mass Megawatts STS 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 allows Mass Megawatts to lower material costs and reduce the number of solar panels needed to generate the rated capacity. Due to this advantage, Mass Megawatts can deliver more solar power production at a price similar to lower-capacity, stationary systems. With its patent pending, Solar Tracking System and Wind Electric Power Generation system and very little debt, Mass Megawatts believes it is well positioned for expanded production and supporting its revenue generation goals in the longer term.

ę S&P Capital IQ 2021
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07/30Mass Megawatts Increases its Manufacturing Capabilities for Solar Tracker Production
07/30Mass Megawatts Increases Manufacturing Capabilities for Solar Tracker Production
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Financials (USD)
Sales 2021 - - -
Net income 2021 -0,19 M - -
Net cash 2021 0,07 M - -
P/E ratio 2021 -63,7x
Yield 2021 -
Capitalization 6,67 M 6,67 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees 2
Free-Float 99,0%
Duration : Period :
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Managers and Directors
Jonathan Carl Ricker Chairman & Chief Executive Officer
Gary Bedell Chief Operating Officer