Sector: Energy Sub-Industry: Wind Energy Fully Reporting: Yes
		Summary: The company is active in the field of the wind development and is currently pursuing a project at a Military facility in the USA.

Price at Research Launch:	$1.51	|	52-Week Range:	$1.51-$1.80

Prepared by: Ludlow Capital Research (Equity Research Analyst - Mark Blackwell)

Business Summary  Mass Megawatts Wind Power, Inc., a development stage company, engages in the production of wind turbines and sale of wind generated electricity in the United States. It develops prototype wind energy production equipment. Mass Megawatts Wind Power intends to build, patent, and operate wind energy generated power plants utilizing its licensed MultiAxis Turbine technology. The company was founded in 1997 under the name as Mass Megawatts, Inc. and changed its name to Mass Megawatts Power, Inc. in 2001. Further, it changed its name to Mass Megawatts Wind Power, Inc. in 2002. The company is based in Worcester, Massachusetts. The Company's Web site is www.massmegawatts.com. Stock Performance In the past 30 trading days, we  have saw an increase in share price with the announcement of the manufacturing facility in Lycoming County.		Quantitative Evaluations  Ludlow Capital Rating: A- D C B- B B+ A- A A+   Volatility: High Low Average High Technical Rating: NEUTRAL   Relative Stock Strength: 84  84 1 Lowest Highest 99

Ludlow Energy Ventures Upgrades Mass Megawatts Wind Power Inc. to A-
Last Updated: July 08, 2008 - 3:38pm EST

(NEW YORK)-- New York based Ludlow Energy Ventures, Inc initiates research coverage on Mass Megawatts Wind Power Inc (OTC: MMGW), a company focused on the development of low cost wind energy facilities in the United States. 

SUMMARY

On April 16, Mass Megawatts announced a contract agreement with the United States Army for the deployment of a 50kw wind facility. This wind operation will be constructed at the U.S Army Intelligence Headquarters located in Fort Huachuca, Arizona and will assist the governmental organization in its ongoing mission to expand is renewable energy capacity. The U.S. Army and Fort Huachuca is highly aggressive in their efforts to pursue the use of renewable energy and American energy independence. Both issues are vital to national and world security. This project is being coordinated by Ameresco Inc., a energy facilitator for the U.S Army whom will assist MMGW with the deployment of the facility in Fort Huachuca. The companies projections expect for the project to produce $920,000 in its first year of operations with an EPS of $0.07. 

It is expected that with future demand for energy at the site, additional wind plants could be capable of supplying and generating over ten MW/h of electricity per year. 

In addition to this the company came out with an announcement on July 8th stating that they will be opening a new manufacturing facility in Lycoming County. This strategic location has been chosen as the planned facility will be near numerous planned projects in the Pennsylvania and New York Area. The company's management has also deemed this to be a great located due to the state's dedication to the development of renewable energy capacity to there grid system.

RESEARCH OPINION

Mark Blackwell, Research Analyst with Ludlow Energy Ventures commented, "This first 50kw facility has a special significance in that it could consequently yield additional contracts at the existing facility or the other 50+ military facilities around the country. In addition to this the manufacturing facility confirms that the company has capacity to expand operations in Pennsylvania and New York, which are two states committed to the increased development of renewable energy capacity.

The company’s patented MultiAxis Turbosystem is projected to cost ~$0.03/kwh, which is currently lower than other wind technologies on market. With these three selling points, Ludlow Energy Ventures has commenced research coverage on MMGW, with an ‘optimistic’ A- rating and a near-term price target of $2.95-$2.90 per share."

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About Mass Megawatts Wind Power Inc.

Mass Megawatts Wind Power, Inc. is a leading producer and operator of high grade wind facilities in and around the United States. The company’s patented technology, the MultiAxis Turbosystem, is expected to produce electricity at a cost of a cost of $0.024/kWh. The company has recently signed a power agreement with the U.S Army to build a 50kW facility, which will commence construction this spring. The Company's Web site is www.massmegawatts.com 

About the Wind Energy Sector

Ludlow Energy Ventures has a keen interest in the wind energy sector due to the vast growth patterns that have been taking place over the past five years. Although, wind power produces ~1.3% (or 200Twh/year) of electricity globally, the wind sector has seen a fivefold increase in generation from 2000 to 2007. In 2007 the US alone added the most new capacity of 5.2 GW which equates to a  45.1% increase followed by China with 3.3 GW of new capacity. In addition to this, we are witnessing expanding growth in areas such as China and India as these countries are seeing massive growth in relation to green energy demand.

About Ludlow Energy Ventures, Inc.

Based in New York City, Ludlow Energy Ventures is a venture capital and research advisory firm with a specific focus on the renewable and alternative energy markets. The goal of the firm is to promote investments into alternative and renewable energy projects and ventures worldwide. Ludlow Energy Ventures owns and operates the Ludlow Energy Indices, which tracks a wide basket of US traded large and small cap alternative energy stocks. www.ludlowenergy.com 

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Contact:

Ludlow Energy Ventures, Inc.
Sarah Kapchinske

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