Mass Megawatts Wind Power, Inc. reports a net loss of two cents per share or US$77,052 in the fiscal quarter ended October 31, 2006.
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In the second quarter of the previous year, there was a net loss of five cents per share or US$97,419. In the last few months, Mass Megawatts was executing its initial sales. The first sales were not recognized as revenue in the three months ended October 31, 2006. The revenue is recognized when the sales are delivered. The production of the first sales is an important step toward helping the company plan the high volume production of its units in the future. Mass Megawatts anticipates the cost reduction of producing wind power with 40 per cent less cost than traditional wind power plants using several innovations. Some of the wind energy production improvements use less material and a reduction of custom made parts in comparison with other wind power plants.
