February 4, 2010 (FinancialWire) — Mass Megawatts Wind Power, Inc. (OTCBB: MMGW) said that a licensee, Electric City Wind Power Corp., has signed a $10.8 million agreement with Penobscot Mountain Wind, LLC, a wind power energy development group focused on distributed energy projects in Northeastern Pennsylvania.

The sales agreement between Electric City Wind Power and Penobscot Mountain Wind entails the manufacture and installation of a total of six megawatts of vertical wind power generation equipment, which Electric City produces under a licensing agreement with Mass Megawatts.

Under the terms of the agreement Penobscot Mountain Wind has the right to apportion its six MW equipment purchase into a number of individual projects, with a minimum nameplate capacity of any given project being 500 kW.

Massachusetts-based Mass Megawatts Wind Power is in the business of developing, building, and operating wind energy power plants.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.