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Worcester, Massachusetts--(Newsfile Corp. - October 18, 2024) - Mass Megawatts (OTC Pink: MMMW) announces today the recognition of revenue in the fiscal quarter ending October 30, 2024, with a new online business starting operations today which is less than two weeks before the end of the fiscal quarter. The lack of revenue since fiscal year 2010 and only conducting development work on great new solar technologies in the pre-marketing stage resulted in Mass Megawatts having a market capitalization of $500,000. To give a better perspective, Mass Megawatts is less than half of the valuation of a SEC public shell that has no business. The source of revenue in the next several fiscal quarters will benefit the operations of the company ranging from the certification expenses of the patent pending solar tracker to updating and maintaining compliance of our reporting obligations as a publicly traded company. Mass Megawatts will soon be posting details and items for sale on our web site www.massmegawatts.com and the Mass Megawatts Facebook site.
Our products are sourced from top manufacturers, ensuring that you receive reliable and long-lasting equipment for your solar energy needs. Lower-cost solar solutions provide businesses with the freedom to offer more competitively priced products or services, Mass Megawatts can elevate your business with our cutting-edge commercial solar equipment and solutions. We specialize in providing businesses of all sizes with efficient, sustainable, and cost-effective solar solutions tailored to meet your unique energy needs. Our commercial-grade solar panels, inverters, and mounting systems are designed to maximize energy production and enhance overall efficiency.
In recent news related to new product development, Mass Megawatts recently announced improvements toward cost reductions using the patent pending cost cutting concentrated solar power technology. The most important innovation toward reducing the cost of electricity is related to the unique solar concentration section that works well with our patent pending solar tracker. We have two patent pending versions of concentrated solar technology. One is related to additional output for photovoltaic cells and the other is related to concentration of heat to operate a new and improved patent pending Sterling engine to produce electricity.
The Concentrated Solar Sterling Engine innovation brings the best substantial cost saving improvements toward delivering solar generated electricity. The unique cost competitive solar concentration section using low-cost material generally used by canvas buildings are placed onto of the solar tracker platform which works with our solar tracker. It helps concentrate the solar rays onto the heat piston section of the Sterling Engine. The low-cost canvas material is already approved by structural engineers for buildings with the canvas like material having an expected life of 30 years.