Mass Megawatts Plans to Apply for OTCQB Status
WORCESTER, Mass., July 12, 2023 (GLOBE NEWSWIRE) -- Mass Megawatts Wind Power, Inc. (OTC:MMMW) plan to apply to be OTCQB status on “The Venture Market” of the OTC Markets, also known as the OTCQB. Companies trading on the OTCQB must follow standards to improve transparency. The Venture Market is operated through OTC link, an inter-dealer quotation and trading system developed by OTC Markets Group. As an established public financial market, the OTCQB Venture Market is an opportunity for OTCQB status publicly traded companies to build visibility and expand their liquidity and shareholder base.
In unrelated recent news, Mass Megawatts recently announced a new patent-pending, Concentrated Solar Power Tracking System (CST) that will set a new standard for low-cost and reliable energy production. The new technology can deliver a significant reduction in the cost of solar energy production.
The CST utilizes a low-cost, yet robust platform for concentrating the sun’s rays directly onto a central area of solar panels or Sterling engine that will convert the reflected sunlight into energy. The CST has reflectors that are mounted on the perimeter of a rotating, circular platform that continually adjusts its position to directly face the sun’s rays throughout the day with an innovation to avoid elevated heat levels using a low cost patent pending method.
The new technology is an important addition to its previously disclosed patent pending solar tracker which can produce 35 percent more solar power for less than ten percent additional cost. A video on the home page of summarizes the previously disclosed patent pending solar tracker. The solar tracker can pay for itself in less than five years at many locations 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; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power (MMMW).
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