|
2002
NEWS
December 23, 2002
WorldWater
Corp Announces New Orders for Its AquaMax Solar Water Pumping
Systems |
October 17, 2002
WorldWater
Corp. Adds Third Engineer in a Week to Meet New California Business |
October 16, 2002
WorldWater Corp.
Adds New Operations Manager to Expedite Sharply Increased Production |
October 14, 2002
WorldWater Corp.
Announces Appointment of Dr. Chris Sherring as Key Advisor to Company |
October 1, 2002
WorldWater Corp.
Signs to Install Largest Solar Pump in the World |
August 14, 2002
WorldWater
Corp. Signs Ground Breaking Contract To Enter California Agriculture
Market With Powerful Solar Irrigation Systems |
June 10, 2002
WorldWater Corp.
Ships First AQUACARD - Smart Card Systems to Philippines
to Begin Rural Water Utility Service |
May 29, 2002
WorldWater Corp. Invited
to Address World Bank Agency and U.N.’s Food and Agriculture
Organization at International Forum in Rome |
May 17, 2002
WorldWater Corp. Winning
Bidder for Another Project in Rural Philippines - Fourth Project
in Six Months |
April 9, 2002
WorldWater
Corporation Chairman Quentin T. Kelly Will Address the New York
Society of Security Analysts at its Alternative Energy Industry
Conference |
February 5, 2002
WorldWater Corp. Introduces
Hybrid Solar Pump System - Works With Existing Electrical Grid
or Diesel Generators |
January 10, 2002
WorldWater
Corp. Signs Equity Agreement With Kuekenhof Capital Management LLC |
January 7, 2002
Brenda G. Bergman
Named Project Manager of WorldWater Corp. Philippine Operations |
|
| WorldWater
Corp Announces New Orders for Its AquaMax Solar Water Pumping
Systems |
| PENNINGTON, NJ, October
17/PR NEWSWIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, has announced new orders for its proprietary
solar powered AquaMax water pumping systems in California
and New Jersey.
Four AquaMax systems have been ordered by the Joshua Water
Basin District (Joshua Tree, California) to operate two 500 hp
and two 300 hp well site pumps. The approximate 600 Kilowatt
order is subject to an environmental impact study the District
is conducting which is expected to be completed in January. The
Utility District’s order also includes a 90-day acceptance
clause following completion of each of the four equipment installations.
Total sale price is $4,000,000, half of which is to be paid in
the form of a rebate from Southern California Edison following
completion of the systems. Completion of this project is anticipated
by June 2003.
WorldWater also has been engaged by the Sacramento Municipal Utility
District to conduct a $77,000 solar irrigation study that is expected
to take six months.
WorldWater received its first order for a solar powered electrical
system in New Jersey from the Flatbrook Farm, Montague, New Jersey.
Flatbrook is an organic poultry and livestock farm. Total sale
price for the system is $175,000, of which $105,000 is expected
to be paid by Jersey Central Power and Light in the form of a rebate.
It is expected that this project will be completed in January 2003.
The previously reported project for the Locke Ranch in Firebaugh,
California, consisting of a 50 horsepower irrigation pumping system,
has been completed and the system is in operation.
This document may contain Statements which constitute forward-looking
statements within the meaning of the Private Securities Litigation
Act of 1995. Forward-looking statements include any
statement which is not of purely historical fact, such as statements
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof. Such forward-looking statements
involve known and unknown risks, uncertainties expressed or implied
by such forward-looking statements to be materially different from
those projected. Such factors include, among others, general economic
and business conditions which may impact demand for the Company’s
solar generated pumps and electricity; changes in tax laws and
regulations; the ability of the Company to implement its marketing
strategy and to expand its business in the worldwide market the
ability of the Company to build its production facility up to the
level of efficiency and output of its planned production and changes
in laws and government regulations applicable to the Company, including
laws in foreign nations. |
|
| WorldWater
Corp. Adds Third Engineer in a Week to Meet New California Business
– Environmental and Water
Scientist Dwight Roskos will Focus on Company’s Solar-Driven
Water Projects |
| PENNINGTON, NJ, October
17/PR NEWSWIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, the solar engineering and water management
company which is experiencing rapid growth in sales and production
of its newly developed high-powered solar AquaMax water
pumping systems, announced today the addition of Dwight Roskos
as Environmental and Water Specialist to handle technical matters
for water related programs and projects.
"With Mr. Roskos’ specialization in water engineering
issues, he will bring a great deal of knowledge to our pending
projects domestically and throughout the world," Quentin
T. Kelly, Chairman and CEO stated. "Additionally his priorities
will include implementing field installations of WorldWater’s
solar pumping systems, particularly in California and the Philippines."
WorldWater’s rapidly growing sales of its proprietary "AquaMax" has
created the Company’s urgent requirement to add to its production
and engineering operations. Earlier this week, the company announced
the addition of Dr. Chris Sherring of Princeton as key Operations
Advisor and Mike Palladino of Hamilton Township NJ as Operations
Manager.
After graduating with a Bachelor of Science degree in Environmental
Science and Resource Management from Lehigh University, Mr. Roskos
served in the Peace Corps in Bolivia. He subsequently worked with
Vincent Uhl Associates of Lambertville NJ, a group which works
very closely with WorldWater in its hydrogeological activities.
In recent weeks, WorldWater Corp. has signed two groundbreaking
contracts with California farms for $1.178 million to install its
newly developed proprietary solar irrigation and refrigeration
AquaMax pumping systems. In addition, the Company has several
other potential contracts involving vineyards and water utilities
in California with pumping systems ranging in size from 200 to
500 horsepower.
This document may contain Statements which constitutes forward-looking
statements within the meaning of the Private Securities Litigation
Act Of 1995. Forward-looking statements include any
statement which is not of purely historical fact, such as statement
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof. Such forward-looking statements
involve known and unknown risks, uncertainties expressed or implied
by such forward-looking statements to be materially different from
those projected. Such factors include, among other, general economic
and business conditions which may impact demand for the Company’s
solar generated pumps and electricity; changes in tax laws and
regulations; the ability of the company to implement its marketing
strategy and to expand its business in the worldwide market; the
ability of the Company to build its production facility up to the
level of efficiency and output of its planned production; and changes
in laws and government regulations applicable to the company, including
laws in foreign nations. |
|
| WorldWater
Corp. Adds New Operations Manager to Expedite Sharply Increased Production – Engineer
Michael Palladino to Oversee Rapid Growth of Shipments of Company’s
New High-Powered Solar Pumps |
| PENNINGTON, NJ, October
16/PR NEWSWIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, the solar engineering and water management
company which is experiencing rapid growth in sales and production
of its newly developed high-powered solar AquaMax water
pumping systems, announced today that Michael J. Palladino has
been appointed as Operations Manager of the Company. In this
capacity, he will assist in overseeing all aspects of engineering
operations and production.
"Mr. Palladino’s substantial engineering production
experience will help us meet our rising domestic and international
project demands," said Quentin T. Kelly, Chairman and CEO.
His previous experience includes positions as Engineering Manager
and Senior Project Manager for such firms as Hill-PHOENIX (Refrigeration)
of Trenton NJ, Victory Refrigeration of Cherry Hill NJ and Penn
Ventilation of North Wales PA. He received his Mechanical Engineering
degree from The College of New Jersey.
Mr. Palladino is the second senior operations officer to be hired
since October 1 by WorldWater, which in recent weeks has signed
groundbreaking contracts for $1.178 million with California farms
to install its newly developed proprietary solar irrigation and
refrigeration pumping systems. Dr. Chris Sherring was named key
Advisor in Operations earlier this week. In addition, the Company
has several other potential contracts involving vineyards and water
utilities in California with pumping systems ranging in size from
200 to 500 horsepower.
This document may contain Statements which constitutes "forward-looking
statements" within the meaning of the Private Securities Litigation
Act of 1995. "Forward-looking statements" include any
statement which is not of purely historical fact, such as statement
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof. Such forward-looking statements
involve known and unknown risks, uncertainties expressed or implied
by such forward-looking statements to be materially different from
those projected. Such factors include, among other, general economic
and business conditions which may impact demand for the Company’s
solar generated pumps and electricity; changes in tax laws and
regulations; the ability of the company to implement its marketing
strategy and to expand its business in the worldwide market; the
ability of the Company to build its production facility up to the
level of efficiency and output of its planned production; and changes
in laws and government regulations applicable to the company, including
laws in foreign nations. |
|
| WorldWater
Corp. Announces Appointment of Dr. Chris Sherring as Key Advisor
to Company – Expertise in
Solar Photovoltaics and Rural Development Cited as Invaluable to
Company’s Operations, Domestically and Internationally |
| PENNINGTON, NJ, October
14/PR NEWSWIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, a full-service water management and solar
engineering company specializing in powerful solar pumps and
solar electrical systems to provide clean water and electricity
to users both domestically and around the world, announced today
that Dr. Chris Sherring will act as key Advisor to the Company
on all matters involving corporate operations.
Dr. Sherring will be responsible for helping organize
and manage the company’s rapidly growing activities in
California, the Philippines and other areas around the world. Quentin
T. Kelly, Chairman and CEO, stated. His emphasis will be
in focusing project efforts and assisting in coordinating the
multiple segments that go into each individual project.
Dr. Sherring has over 20 years of experience in corporate senior
management and in providing sustainable development solutions for
the developing world. Besides managing a number of photovoltaics
companies, he has been instrumental in developing innovative and
sustainable rural energy solutions in Africa and Asia.
Dr. Sherring’s knowledge of the solar photovoltaics
business and his experience as a senior executive in companies
domestically and internationally will bring great value to WorldWater
as we ramp up to meet the new business stemming from our new, powerful
solar technology, Mr. Quentin Kelly said.
In recent weeks, WorldWater Corp. has signed two major contracts
with California farms to install its newly developed proprietary
solar irrigation and refrigeration pumping systems which together
total $1.78 million in purchases. In addition, WorldWater Corp.
has several other potential contracts involving vineyard operations
and water utilities in California with pumping systems ranging
in size from 200 horsepower to 500 horsepower.
This document may contain Statements which constitutes "forward-looking
statements" within the meaning of the Private Securities Litigation
Act of 1995. "Forward-looking statements" include any
statement which is not of purely historical fact, such as statement
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof. Such forward-looking statements
involve known and unknown risks, uncertainties expressed or implied
by such forward-looking statements to be materially different from
those projected. Such factors include, among other, general economic
and business conditions which may impact demand for the Company’s
solar generated pumps and electricity; changes in tax laws and
regulations; the ability of the company to implement its marketing
strategy and to expand its business in the worldwide market; the
ability of the Company to build its production facility up to the
level of efficiency and output of its planned production; and changes
in laws and government regulations applicable to the company, including
laws in foreign nations. |
|
WorldWater
Corp. Signs to Install Largest Solar Pump in the World —
Proprietary
AquaMax will Drive 300 HP Compressor Pump
for Food Processing Refrigeration; Second
Major Contract in 6 Weeks to Supply California
Agriculture Market with Proprietary High
Powered Solar Pumping Systems |
| PENNINGTON, NJ, October
1/PR NEWSWIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, announced today it has signed a contract
for $891,000 to drive a 300 horsepower compressor pumping system
with its proprietary AquaMax(TM) solar technology.
The unit will operate a HydraCooler for processing food
at the Lehr Brothers Inc. farm in Edison, California, said
Quentin T. Kelly, Chairman and CEO of WorldWater. Our newly
developed solar power technology enabling us to drive pump systems
up to 600 horsepower is opening the mainstream power market to
us, particularly in energy and air quality-conscious states.
California is first, but farms and water utilities in other states
as well are contacting us, he added.
Agriculture, water utilities and refrigeration are prime markets
for the high-powered solar pumping systems, according to Kelly.
The AquaMax operates alone or in combination with the electric
grid or diesel generators, and has the added values of cleaning
up the air and the environment as well as net metering (saving
unused self-generated solar electricity and `banking' it with the
electric utility for later use - literally running the meter backwards,)
reducing demand on the utility grid, according to Dr. Anand Rangarajan,
Executive Vice President of WorldWater.
The Lehr solar HydraCooler sytem should be in operation
by December of this year, he added.
WorldWater announced its first sale ($287,000) of the proprietary
AquaMax in August to drive a 50 horsepower irrigation pump
and light up outer buildings of the D.T. Locke Ranch in Firebaugh,
California. It is expected to begin operating in late October.
Last month, that sale represented the largest solar pumping system
to be scheduled for installation, but the new HydraCooler pump
is six times larger than that, declared Kelly. The Company is currently
in negotiation for even larger systems (500 hp) with other large
farms, municipal water utilities and wineries.
The system was introduced by WorldWater at the WorldAg Expo in
Tulare, California in February and then demonstrated at the California
State Fair (Farm Demo area) in August. State agriculture, water
resources and air quality officials are in continuing communication
with WorldWater for potential uses throughout California, according
to Kelly.
WorldWater is a solar engineering and water management engineering
company active in developing countries around the world, introducing
its technology for drinking water and irrigation as well as electrical
power for use in municipalities and rural areas.
The company is especially active in the Philippines, where its
wholly owned subsidiary, WorldWater (Phils) Inc., has signed agreements
for major irrigation and municipal water delivery for programs
scheduled for implementation over several years.
This document may contain Statements which constitutes "forward-looking
statements" within the meaning of the Private Securities Litigation
Act Of 1995. "Forward-looking statements" include any
statement which is not of purely historical fact, such as statement
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof. Such forward-looking
statements involve known and unknown risks, uncertainties expressed
or implied by such forward-looking statements to be materially
different from those projected. Such factors include, among
other, general economic and business conditions which may impact
demand for the Company's solar generated pumps and electricity;
changes in tax laws and regulations; the ability of the company
to implement its marketing strategy and to expand its business
in the worldwide market; the ability of the Company to build its
production facility up to the level of efficiency and output of
its planned production; and changes in laws and government regulations
applicable to the company, including laws in foreign nations. |
|
| WorldWater
Corp. Signs Ground Breaking Contract to Enter California Agriculture
Market with Powerful Solar Irrigation Systems — Company’s
Hybrid "AquaMax 2200" Will Drive 50 HP Irrigation
Pump for the D.T Locke Ranch in Fertile San Joaquin Valley
.
First and Only Solar Pumping System Powerful Enough to Operate 600
HP Motors |
| PENNINGTON, NJ, August
14/PR NEWSWIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, announced today it has broken new ground
for the world solar industry by signing the first contract to
supply powerful solar irrigation pumps to the California agriculture
market.
The company’s hybrid solar water pumping system, "AquaMax 2002",
will begin operating on the D.T. Locke Ranch in Firebaugh, California
this fall following signatures by rancher Daneward Locke and
Chairman and CEO Quentin T. Kelly of WorldWater Corp., manufacturer
and marketer of the proprietary high volume system.
This first system will drive a 50 hp motor for irrigation and
some lighting and is being purchased from WorldWater for $287,000,
with the buyer then benefiting from a rebate from PG&E, the
utility company, and availability of tax credits from the State
of California and the Federal Government, Mr. Kelly said. The hybrid "AquaMax" can
run pumps up to 600 hp, he added, and will supply that power alone
or as a hybrid in automatic combination with the electric grid
or with diesel generators. WorldWater can now arrange turnkey financing
for the farmers through a lease-to-purchase program, he said.
"This is a very important development in many ways technologically,
economically, environmentally because it opens a vast new
market for these high energy solar products supplying a high energy-demanding
industry," said Mr. Kelly. "California’s requirements
for agricultural power are enormous, but until now, with this proprietary
WorldWater system, solar could not play a serious role. "AquaMax" offers
a whole new approach and a significant change in the economics
and air quality of irrigation and power pumping for farms, ranches,
wineries, dairy and cattle farms and water districts."
A model of a similiar system will be demonstrated at the California
State Fair Farm Demo Exhibit in Sacramento from August 16 to September
2.
The Locke farm is located in the heart of the San Joaquin Valley,
which contributes approximately 50% of vegetables and fruits supplied
in the U.S. Mr. Kelly said his company is currently in negotiations
with several other farmers, wineries and water districts in the
region.
This document may contain Statements which constitutes forward-looking
statements within the meaning of the Private Securities Litigation
Act Of 1995. Forward-looking statements include any
statement which is not of purely historical fact, such as statement
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof. Such forward-looking statements
involve known and unknown risks, uncertainties expressed or implied
by such forward-looking statements to be materially different from
those projected. Such factors include, among other, general economic
and business conditions which may impact demand for the Company’s
solar generated pumps and electricity; changes in tax laws and
regulations; the ability of the company to implement its marketing
strategy and to expand its business in the worldwide market; the
ability of the Company to build its production facility up to the
level of efficiency and output of its planned production; and changes
in laws and government regulations applicable to the company, including
laws in foreign nations. |
|
WorldWater
Corp. Ships First AQUACARD - Smart Card Systems to Philippines
to Begin Rural Water Utility Service – By
Application of New Card, Communities are Able to Borrow from Banks
to Build Water Utility Service for the First Time
|
| PENNINGTON, NJ, June
10/PR NEWSWIRE/ |
WorldWater Corp. (OTC
BB:WWAT.OB, has shipped the first production models
of its proprietary AquaCard (Smart Card) and AquaMeter systems
to the island province of Cebu in the Philippines to initiate
utility water service in communities, according to the Company
Chairman and CEO Quentin T. Kelly.
The new debit card systems operate directly with WorldWater’s
solar water pumping stations in the community, Mr. Kelly said.
Residents insert the cards into the AquaMeters which then
deliver the requested number of liters of clean drinking water
from the solar pump near by. The microchip on the card reads
when the card needs to be recharged by the customer at the community
bank. The user can purchase up to 1000 liters per charge at a
cost-per-liter significantly less than he must pay for water
from other sources, Mr. Kelly explained.
The bank then turns over the money to the community government,
which uses the funds to pay back the loan used to purchase the
equipment and installation from WorldWater.
The process enables small communities to borrow funds from
banks for clean water utility service for the people for the first
time, said Dr. Anand Rangarajan, Exec. VP of WorldWater. These
cards actually mean the development of a new economy for rural
areas. Ronda, in central Cebu, is the first community to make use
of our program -- we have several other communities expected to
follow Ronda and, because of its practical economies, believe the
number will eventually become hundreds, possibly thousands, not
only in the Philippines but in developing countries all over the
world.
WorldWater established the smart card as a financing
solution for community water production as well as a method to
remove problems associated with the payment collection process,
Mr. Kelly added. Communities recover their costs of supplying the
equipment purchased from WorldWater and are able to offer a more
standardized utility service. WorldWater maintains a carrying charge
of some 10 per cent net of the card gross for service charges during
the life of the contract (currently 10 years).
After fully establishing this Water Utility Program, we
will alter the microchip on the AquaCard to make it a PowerCard and
supply the same service for rural electricity to be generated by
our solar systems, Mr. Kelly said.
The Company expects to implement the system in other countries
where it currently has business operations or will be operating.
This document may contain Statements which constitutes forward-looking
statements within the meaning of the Private Securities Litigation
Act Of 1995. Forward-looking statements include any
statement which is not of purely historical fact, such as statement
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof. Such forward-looking statements
involve known and unknown risks, uncertainties expressed or implied
by such forward-looking statements to be materially different from
those projected. Such factors include, among other, general economic
and business conditions which may impact demand for the Company’s
solar generated pumps and electricity; changes in tax laws and
regulations; the ability of the company to implement its marketing
strategy and to expand its business in the worldwide market; the
ability of the Company to build its production facility up to the
level of efficiency and output of its planned production; and changes
in laws and government regulations applicable to the company, including
laws in foreign nations. |
|
| WorldWater
Corp. Invited to Address World Bank Agency and U.N.’s Food
and Agriculture Organization at International Forum in Rome — Exec.
VP Dr. Anand Rangarajan to Highlight Company’s Solar Technology
Experience in Developing Countries |
| PENNINGTON, NJ, May
29/PR NEWSWIRE/ |
The Food and Agriculture
Organization (FAO) of the United Nations and the Global Environmental
Facility (GEF) of the World Bank have invited WorldWater Corp. (OTC
BB:WWAT.OB, to be one of the strategists in developing
productive uses of renewable energy at an invitation-only workshop
taking place June 18-20, 2002 at FAO headquarters in Rome, Italy.
The organizations have asked WorldWater’s Exec. VP Dr.
Anand Rangarajan to share WorldWater’s experiences in developing
countries and to help explore strategies and next steps for agencies
to identify and prepare productive use projects for renewable
energies, particularly solar.
The emphasis will be on helping transform the economies
of developing nations, said Quentin T. Kelly, Chairman & CEO
of WorldWater, and Dr. Rangarajan is particularly qualified
to discuss both the technical and economic elements of solar power.
WorldWater has developed very powerful hybrid solar water pumping
systems known as AquaMax which will be particularly useful
in supplying water for irrigation and for communities in developing
countries, according to Dr. Rangarajan. Afghanistan is expected
to be at the top of the agenda, although other developing countries
will also be discussed, he stated.
WorldWater Corp. is the solar engineering and water management
company which has been active in pioneering solar water pumping
and electrical power delivery in several developing nations, particularly
the Philippines and East African countries. It has recently started
introducing its advanced irrigation pumping systems into United
States agriculture, starting in California and New Jersey.
Contact: Quentin T. Kelly (609) 818-0700 |
|
WorldWater
Corp. Winning Bidder for Another Project in Rural Philippines
Company Signs Solar Electrification Contract Fourth Project
in Six Months |
| PENNINGTON, NJ, May
17/PR NEWSWIRE/ |
WorldWater Corp. (OTC
BB:WWAT.OB - news), announced today it has signed
another contract as winning bidder to supply solar power in the
Philippines.
The company will power a battery charging station as an experiment
for the Philippine Department of Energy, supplying power for
a community of 1000 in the Southern island of Mindanao, according
to Quentin T. Kelly, Chairman and CEO of the solar engineering
and water management engineering company.
"We will demonstrate our capability to charge this one station," said
John Herrman, President of WorldWater (Phils.) Inc, "and then
expect to follow up with many more battery stations among the islands
which the DOE is planning on funding for provinces."
Misamis Oriental, the province to be serviced first, is an agricultural
area in central Mindanao, Mr. Herrman said. WorldWater is already
working on three projects in the Philippines, Mr. Kelly stated,
performing a hydrogeological study on several islands as first
phase of a $52 million signed agreement to irrigate sections of
all the main islands, using the company's powerful new AquaMax(TM)
hybrid solar pumping systems; supplying water to communities in
the island province of Cebu; and supplying solar electricity to
rural communities in the northern island of Luzon.
This document may contain Statements which constitutes "forward-looking
statements" within the meaning of the Private Securities Litigation
Act Of 1995. "Forward-looking statements" include any
statement which is not of purely historical fact, such as statement
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof.
Such forward-looking statements involve known and unknown risks,
uncertainties expressed or implied by such forward-looking statements
to be materially different from those projected.
Such factors include, among other, general economic and business
conditions which may impact demand for the Company's solar generated
pumps and electricity; changes in tax laws and regulations; the
ability of the company to implement its marketing strategy and
to expand its business in the worldwide market; the ability of
the Company to build its production facility up to the level of
efficiency and output of its planned production; and changes in
laws and government regulations applicable to the company, including
laws in foreign nations.
SOURCE: WorldWater Corp.
(OTC
BB:WWAT.OB - news) |
|
| WorldWater
Corporation Chairman Quentin T. Kelly Will Address the New York Society
of Security Analysts at its Alternative Energy Industry Conference |
| PENNINGTON, NJ, April
9/PR NEWSWIRE/ |
WorldWater Corp. (OTC
BB:WWAT.OB - news), announced today that Chairman
and Chief Executive Officer Quentin T. Kelly will be presenting
several recent advances in solar technology to the New York Society
of Security Analysts at the Sixth Annual Alternative Energy Industry
Conference.
The conference will take place at the City Athletic Club, 50
West 54th Street, in New York City on Thursday, June 13, 2002.
His presentation will commence at 3:30 p.m.
Mr. Kelly, the only representative of the solar industry among
the featured speakers, will talk about the unprecedented opportunities
in both domestic and international markets for new solar technology,
particularly WorldWater’s powerful solar driven irrigation
pumps. These AquaMax systems can drive the largest irrigation
delivery systems, including pivots which require 100 horsepower
or more, thus sharply decreasing the demand for electrical grid
power. Additionally, the hybrid AquaMax works interchangeably
with the grid or with diesel generators, automatically switching
back and forth to the appropriate power source, using sunshine
during the day and the grid or diesel at night as required.
This opens up a huge new market for renewable energy, Mr.
Kelly said in discussing the upcoming speech. Solar was always
considered too weak and too expensive for mainstream power requirements,
but these new WorldWater developments take it out of the so-called
niche market and place it squarely in the front line of power delivery, he
declared. People in the market place, particularly in areas
like California, are just now learning about these developments.
Mr. Kelly will provide the Security Analysts with an overview
of WorldWater Corp. and its role as a full service solar engineering
and water management engineering company. WorldWater’s solar
pumps and solar electrical systems deliver clean water and electricity
to users in developing countries, particularly the Philippines
and soon Afghanistan.
But the recent energy difficulties in the U.S. have changed some
of the Company’s focus, Mr. Kelly said, citing its growing
irrigation power business in two states, California and New Jersey,
with sales opportunities now developing in several others.
The company produces and markets the patented AquaSafe and
AquaMax 2200 solar water pumps, delivering volumes from great
depths or surface water from 5 gallons per minute for drinking
to more than 2000 gallons per minute for irrigation. The company’s
other solar electric products include lanterns, power packs for
camping, lights and AquaMeter SmartCards for automatic debiting
of water purchase charges.
The conference will give those attending an opportunity to listen
to senior executives from leading alternative energy companies
discuss how they are commercializing alternative energy sources
such as solar power, fuel cells and wind power.
Contact Quentin T. Kelly, Chairman and CEO, WorldWater Corporation
(609) 818-0700
SOURCE: WorldWater Corp.
(OTC
BB:WWAT.OB - news) |
|
| WorldWater
Corp. Introduces Hybrid Solar Pump System - Works With Existing Electrical
Grid or Diesel Generators — Breakthrough AquaMax Hybrid
Can Operate Pumps up to 600 HP, Operating Alone or in Combination
with Other Generators Introduced at California's ‘World
Ag Expo,’ Feb. 12-14, World's Largest Agricultural Show |
| PENNINGTON, NJ, Feb
5/PR NEWSWIRE/ |
WorldWater Corp. (OTC
BB:WWAT.OB - news), ttoday announced it will introduce
its newly developed hybrid solar irrigation pumping system at
California's ``World Ag Expo'' Feb. 12-14.
This new hybrid, AquaMax , is a true breakthrough
in terms of both power and flexibility, said Quentin T.
Kelly, Chairman and CEO of WorldWater, the international solar
engineering and water management company based in New Jersey. It
will work alone or interchangeably with existing grid electricity
or diesel generators and operate pumps up to 600 HP, contributing
significantly to a farmer's bottom line by cutting electrical
or fuel costs whenever the sun is shining, which also happens
to be the peak cost period for grid users, he said.
The AquaMax will be extremely useful for farmers and
ranchers anywhere, of course, but we’re introducing it in
California because of the high energy costs there and the resultant
efforts by the State to encourage renewable power usage by rebates
and tax incentives, hoping to reduce demand on the grid, Mr.
Kelly added.
The system’s newly patented AquaDrive controller makes
it possible for the first time for solar technology to run powerful
off-the-shelf AC pumps, capable of driving large irrigation pivots
or drip irrigation systems, according to the Company’s Executive
Vice President, Dr. Anand Rangarajan. Other solar pumps are
generally limited to 5 HP, so this is a major technological advance, he
declared.
The hybrid system also ensures that the daily water requirement
for irrigation, or municipal water supply, for that matter, is
supplied irrespective of the weather conditions, even when there
is a low level of sunshine during winter or rainy seasons, Dr.
Rangarajan stated.
The AquaDrive controller converts solar DC
current to AC, then supplies the AC power to the pump from either
the solar array or the grid or diesel generator or simultaneously
from both sources, he said. Because of its power, the
AquaMax system could supply over 50% of many farmers or ranchers’ annual
needs by solar alone. The hybrid operation is programmed and completely
automatic, and thus manual intervention is not required to switch
from one power source to the other.
This document may contain Statements which constitutes forward-looking
statements within the meaning of the Private Securities Litigation
Act Of 1995. Forward-looking statements include any
statement which is not of purely historical fact, such as statement
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof. Such forward-looking statements
involve known and unknown risks, uncertainties expressed or implied
by such forward-looking statements to be materially different from
those projected. Such factors include, among other, general economic
and business conditions which may impact demand for the Company's
solar generated pumps and electricity; changes in tax laws and
regulations; the ability of the company to implement its marketing
strategy and to expand its business in the worldwide market; the
ability of the Company to build its production facility up to the
level of efficiency and output of its planned production; and changes
in laws and government regulations applicable to the company, including
laws in foreign nations.
SOURCE: WorldWater Corp.
(OTC
BB:WWAT.OB - news) |
|
WorldWater
Corp. Signs Equity Agreement With Kuekenhof Capital Management LLC — Equity
Investment by Financial Institution of $500,000 in International
Solar Water Pumping and Electrical Power Engineering Firm
|
| PENNINGTON, NJ, January
10/PR NEWSWIRE/ |
WorldWater Corp. (OTC
BB:WWAT.OB - news), announced today the signing of
a subscription agreement with Kuekenhof Capital Management L.L.C.
and two of its equity funds for immediate purchase of $250,000
of WorldWater common stock to be followed by additional $250,000
through exercise of company warrants.
We believe this is a significant time and opportunity
to invest in WorldWater because they are on the verge of potential
major growth over the next few months and years, said Michael
C. James, General Partner of Kuekenhof and a former partner of
Moore Capital Management, one of the largest hedge funds in the
world. WorldWater is in two of the fastest growing areas
of the world economy water and power and is in
position to climb very rapidly because its proprietary technology
provides such cost effective solutions to these water and energy
problems.
WorldWater Corp. is an international solar engineering and water
management company which markets the most powerful solar-driven
equipment in the world, according to Quentin T. Kelly, Chairman
and Ceo. Our AquaMax solar pump can deliver more than
2000 gallons of water per minute for irrigation, he said, which
means serious cost efficiencies for large farmers. We also lift
clean drinking water from wells of great depths with another of
our pumps, AquaSafe, he continued, and can supply
electricity for homes, schools and hospitals as the water and power
utility in rural communities.
This document may contain statements which constitutes forward-looking
statements within the meaning of the Private Securities Litigation
Act Of 1995. Forward-looking statements include any
statement which is not of purely historical fact, such as statement
concerning plans, objectives, goals, strategies and future events
and underlying assumptions thereof. Such forward-looking statements
involve known and unknown risks, uncertainties expressed or implied
by such forward-looking statements to be materially different from
those projected. Such factors include, among other, general economic
and business conditions which may impact demand for the Company's
solar generated pumps and electricity; changes in tax laws and
regulations; the ability of the company to implement its marketing
strategy and to expand its business in the worldwide market; the
ability of the Company to build its production facility up to the
level of efficiency and output of its planned production; and changes
in laws and government regulations applicable to the company, including
laws in foreign nations.
SOURCE: WorldWater Corp.
(OTC
BB:WWAT.OB - news) |
|
| WBrenda
G. Bergman Named Project Manager of WorldWater Corp. Philippine Operations – Projects
Include $52 Million Solar Agricultural Development and $10 Million
Rural Water and Power Utility Solar Program in Island Communities
of Cebu |
| PENNINGTON, NJ, January
7 /PR NEWSWIRE/ |
In line with its rapid
development of mainstream solar power projects in the Philippines,
WorldWater Corp.(OTC
BB:WWAT.OB - news) today announced the promotion
of Brenda G. Bergman to the new position of Project Manager of
Philippine Operations.
Starting immediately, WorldWater Corp. Chairman and CEO Quentin
T. Kelly announced she will be posted to Manila to commence operations
on the Company's major projects using its proprietary solar technology.
The projects include the recently signed $52 Million agricultural
development program and the $10 Million rural utility program
for communities in the island province of Cebu, both projects
starting this month.
First phase of the $52 Million program is a WorldWater engineering
and economic study, funded by the US Trade and Development Agency,
designed to create a basic groundwater map, establish appropriate
irrigation technology and measure the economic impact of the program.
Following completion of the study in June, the WorldWater solar
equipment will be installed over a period of two years, according
to Mr. Kelly. This major agricultural development project will
have a sovereign guarantee by the Philippine Government and 100%
financing by PNC Bank of Philadelphia, backed by US Export-Import
Bank, he declared. The rural water utility programs will be funded
by the communities themselves with long-term loans from Philippine
banks, he said.
WorldWater's powerful solar pumps can deliver more that 2000 gallons
of irrigation water per minute, Mr. Kelly said, adding that this
capability is some 10 times more powerful than other solar water
pumps in the world.
Dr. Anand Rangarajan, WorldWater Corp. Executive Vice President,
stated, ``Our activities are developing very quickly over there
and we needed to add American executives to our increasingly busy
Philippine staff to coordinate the multiplying business affairs
between the parent corporation and our subsidiary,'' he added.
Ms. Bergman will report to John Herrman, WorldWater Philippines'
new President who left for Manila last week to guide Company operations,
he said.
Ms. Bergman is a former Fulbright Scholar who has worked on water
related programs in several southern African countries, particularly
Zimbabwe, and for WorldWater in the Philippines. She is a 1998
Summa Cum Laude graduate of Boston College and is working on-line
toward her Masters in Water Resource Engineering from Loughborough
University in England.
This document may contain Statements which constitutes ``forward-looking
statements'' within the meaning of the Private Securities Litigation
Act Of 1995. ``Forward-looking statements'' include any statement
which is not of purely historical fact, such as statement concerning
plans, objectives, goals, strategies and future events and underlying
assumptions thereof. Such forward-looking statements involve known
and unknown risks, uncertainties expressed or implied by such forward-looking
statements to be materially different from those projected. Such
factors include, among other, general economic and business conditions
which may impact demand for the Company's solar generated pumps
and electricity; changes in tax laws and regulations; the ability
of the company to implement its marketing strategy and to expand
its business in the worldwide market; the ability of the Company
to build its production facility up to the level of efficiency
and output of its planned production; and changes in laws and government
regulations applicable to the company, including laws in foreign
nations.
SOURCE: WorldWater Corp.
(OTC
BB:WWAT.OB - news) |
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