Message #1 From:
FastFun Date: August 24, 2007 01:25:59 PM
Mass Megawatts Wind Power, Inc. (OTC Bulletin Board: MMGW) introduces wind power plant cost reductions
WORCESTER, Mass., April 9,2007 -- Mass Megawatts Wind Power Inc. (OTC Bulletin Board: MMGW) www.massmegawatts.com today announced a 23 percent cost reduction of its wind power plants as a result of improved design modifications. The Company will immediately use the improvements with its current and future sales contracts. Mass Megawatts can use most of the cost reductions to realize higher profits than previous expectations without sacrificing demand for it wind power plants. The improvements will allow Mass Megawatts to compete more effectively with fossil fuel energy sources like oil and natural gas in high wind areas. Additionally, engineering design modifications using augmenters and diffuser can be used more effectively with the improvements. The use of air flow acceleration techniques and wind augmentation is normally not cost effective for the more common horizontal axis wind power systems due to the long term wear of turbulence related to diffuser airflow. Additionally, horizontal wind systems are subject to a decrease in efficiency with the turbulence related to the diffuser technology.
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 commercialize a 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; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power, Inc.
