Attached files
| file | filename |
|---|---|
| 8-K - MASS MEGAWATTS WIND POWER, INC 8K 12-17-2009 - MASS MEGAWATTS WIND POWER INC | form8k.htm |
Exhibit
99.1
Fiscal
Quarter Ended
October 31,2009
Mass
Megawatts Reports for Second Fiscal Quarter Ended October 31,2009
WORCESTER,
MA., December 17,2009 /PRNewswire-FirstCall/ -- Mass Megawatts Wind Power,
Inc.(OTC bulletin Board: MMGW.OB ) reports a net loss of $181,537
or three cents per share in the three month period ending
October 31,2009. In the same fiscal quarter last year, Mass Megawatts
reported a net loss of $90,484 or two cents per share for the quarter ending
October 31,2008.
Mass
Megawatts has recently completed the installation of the first commercialized
version of the Company’s new model at Hunter, New York. Additionally,
the Company’s recently developed Wind Diffuser (patent pending) is installed on
the Hunter Project. The power curve on the new MAT System is projected to be
higher than that of the previous version of the technology.
Mass
Megawatts has continued to focus on the technologies for its Augmenter System,
Furling System, and Controller. The newest version of the Augmenter is an
improvement of methods to increase wind velocity, leading to a substantial
increase in energy produced, yet, the Company’s development path has
substantially reduced production costs on the technology.
In the
past 12 months, more than $7 billion worldwide was invested in new wind power
plants
within
wind power industry worldwide.
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
www.massmegawatts.com