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1999 NEWS

December, 1999
Water from Plastic Cards
November 18, 1999
WorldWater Corp. (WWC) and LGU Guarantee Corp. (LGUGC) to Facilitate Financing of Water Projects
November 16, 1999
WorldWater Technology to Address Cebu's Perennial Water Problem

Water from Plastic Cards
CEBU CITY, Philippines, December, 1999  PRNewswire/

Imagine yourself dispensing fresh and sparkling drinking water out of a vending station run on plastic cards, much like you would with cash and your ATM card.

Incredible?

Again, imagine this: you are having that plastic card refreshment in the uplands of a province in the Philippines some 350 miles from Manila, and accessible only by a half-day grueling hike.

Get lost, you'd say. Wake up, we tell you. The situation we describe is hardly make believe at all.

At a launching of the Cebu Potable Water Project, that scenario was laid out by Dr. Anand Rangarajan, Vice President of WorldWater Corp.(OTC BB:WWAT.OB - news)of New Jersey, USA. Founded in 1984 by Quentin T. Kelly, who himself holds patents on water applications, WorldWater has proprietary products in solar power that defy convention and open photovoltaic technology to more practical applications.

How does one draw water without a pump? How do you run a water pump if you have neither diesel generator nor a connection to a power grid? In fact, even when you can draw water manually, where do you get the power to operate a water dispensing machine that could read credits in a magnetic strip?

Key to all the questions are the proprietary products and technology of WorldWater.

First, WorldWater rendered redundant the cumbersome and expensive storage batteries that had been key to the practical use of solar energy, i.e., collect the energy through photovoltaic panels to store them in batteries, convert to AC, then use. Truly a cumbersome process that padded the costs.

Second, WorldWater established a "smart card'' which, when inserted into its solar pumps even in the most remote locations, brings forth a liter of clean water delivered from the well.

WorldWater's solution simplifies the pumping as well as the payment collection process, and allows the use of solar energy in real time. People buy the ``smart card'' for a specific numbers of liters (or gallons) from the WorldWater solar pump, like a telephone charge card. With its proprietary controller box, an off-the-shelf AC pump or other associated equipment can run directly and smoothly on the power from the photovoltaic cells.

Significantly, the most practical application of this product is for remote location sources of water not accessible to conventional power supply.

With WorldWater technology, the self-contained pumping and "smart card'' systems, removed and isolated from the conventional grid power source, can still operate pumping, storing, dispensing, recording and auditing/bookkeeping functions solidly on solar power.

So, next time you see a country boy brandishing a plastic card, don't be too hasty with your judgment. He could simply be out to get a glass of water.

SOURCE: WorldWater Corp.
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WorldWater Corp. (WWC) and LGU Guarantee Corp. (LGUGC) to Facilitate Financing of Water Projects
CEBU CITY, Philippines, November 18, 1999/ PRNewswire/

WorldWater Corp.(WWC) (OTC BB:WWAT.OB - news) and LGU Guarantee Corp. (LGUGC) signed today a memorandum of Understanding for Water Development Programs of various Local Government Units (LGU) in Cebu province. First project is expected to be the Cebu Potable Water Project for US $20 million.

WWC, a Nasdaq listed company based in New Jersey, USA, is a full-service water management and solar energy company that will help LGU's gain access to development financing.

LGUGC, a private fund to guarantee qualified projects of local government units, said "it will take the risk" for projects that may not be routinely bankable.

The MOU is a vital component to the Cebu Potable Water Project (CPWP) launched recently, as financing of locally initiated projects has always been a stumbling block to rural development.

Cebu provincial Governor Pablo Garcia, in his brief remarks, said he had no doubt in the technical feasibility of the water project but he was concerned about the funding. But, he added, LGUGC's participation with WorldWater would make the difference in bringing the project to success.

Also involved in CPWP are the United States Trade Development Agency (USTDA), the Department of Interior and Local Governments (DILG), and the Cebu-based Total Solutions Technology, Inc.

USTDA is funding the assessment study that would verify the feasibility of the project, which is estimated will cost up to US $20 million.

LGUGC President and Chief Executive Officer, Jesus G. Tirona, said the financing arrangements that would connect the rural communities with funds that would otherwise be beyond their reach is built on a strategic alliance between the towns and Cebu province on the one hand, and LGUGC and the funding institutions, on the other LGUGC's intervention hastens the transfer of technologies such as those developed by WorldWater.

SOURCE: WorldWater Corp.
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WorldWater Technology to Address Cebu's Perennial Water Problem
CEBU CITY, Philippines, Nov. 16, 1999/PRNewswire 

The United States Trade Development Agency (USTDA) and WorldWater Corporation (OTC BB:WWAT.OB - news) of Pennington, New Jersey, USA, have signed an agreement with the island province of Cebu to undertake the feasibiltiy of rural development using solar power.

The USTDA will fund the study to be conducted by WorldWater with US $235,470 (P9.42M) as the first phase of a US $20 million project.

A project agreement leading to the grant to be extended through the Department of Interior and Local Governments (DILG) was recently signed here even while a companion Memorandum of Understanding on project financing was concluded between LGU Guarantee Corp. (LGUGC) and WorldWater Corp. It is anticipated that the LGUGC, a partnership of the Development Bank of the Philippines and a consortium of private banks, will guarantee financing of the follow-up US $20 million Cebu water project.

The feasibility development agreement was signed for WorldWater by its founding chairman Quentin T. Kelly, and for the USTDA by US Embassy Deputy Chief of Mission Michael Malinowski. Director Norman Toledo represented DILG while Governor Pablo Garcia signed for the province.

The Cebu Potable Water Project (CPWP) launched the other day is a result of the Cebu Provincial Board and  the Governor Obtaining USTDA assistance in the conduct of feasibility studies required by the project. The MOU on project financing, on the other hand, was signed by WorldWater's Quentin T. Kelly and LGUGC President and CEO Jesus G. Tirona. Sustainable water supply has always been a problem in Cebu, even in the countryside where water may not yet be in short supply. But this is not a situation unique to the area.

According to Kelly, out of the world's total water, 97% is saline, and of the remaining 3%, half of that is glacial. Only about three quarters of one percent is clean and safe, as the rest has been polluted. By his estimates, nine million, mostly children, die from unsafe drinking water every year. Nearly two billion have no access to clean water, he added.

The asssessment phase of the project would include an evaluation of the known water supply and sources and the associated distribution systems.

According to WorldWater Vice President Dr. Anand Rangarajan, WorldWater's experience in installing solar pump water systems in remote locations show the problem is in bringing the water to the communities that need it. The usual method of remote water supply is diesel-powered pumping. But this has been shown impractical because of handling and maintenance cost. The revolutionary controller box developed by WorldWater for its solar pumping system allows off-the-shelf use of AC pumps whifh otherwise would have required expensive batteries. This has made alternative technology affordable.

Gov. Garcia said that as early as 1997, they had looked to solar power as the alternative for generating water supply in the towns of the island of 2 million population.

"Rural water development using solar power was identified as a priority undertaking under the Cebu Socio-Economic and Environmental Development (Cebu-SEED) initiative," Gov. Garcia explained.

Working with the Cebu-based Total Solutions Technology, Inc. (TSTI) of Ronald Diola, WorldWater, TSTI and DILG have organized a 40-man assessment group broken down into 10 teams of engineers, hydrogeologists and social development workers. Some 136 barangays in 32 towns will be covered, with the initial study to also include social acceptability of the project.

CPWP proponents are also working towards a "paradigm shift" based on the solar power technology that would make full cost recovery on the project feasible, according to Dr. Rangarajan.

In a tie-up with the LGUGC, access to international and domestic financial institutions can be facilitated.

While the high cost of conventional systems (because of maintenance costs or distribution line investments) may not be bankable, a solar powered one designed for remote locations may, it was pointed out by LGU Guarantee Corp. President Tirona.

WorldWater today has such systems installed in 19 countries, particularly in Asia and Africa. Other remote areas whre access to conventional power is difficult, especially in energing countries, are also being equipped with WorldWater's proprietary solar systems.

SOURCE: WorldWater Corp.
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Press Contact:
Amy Copeman
WorldWater & Solar Technologies
Phone: 609-818-0700
ACopeman@worldwater.com

Investor Contact:
Chris Witty
Darrow Associates, Inc.
Phone: 646-438-9385
cwitty@darrowir.com

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