|
2004
NEWS July through December
December 23, 2003
WorldWater Named
Exclusive PV Systems Supplier for 1 MW California College Contract
November 17, 2003
WorldWater Names
Carsten Bethge Vice President for International and Domestic
Sales
October 23, 2003
World’s
Largest Solar Pump is Unveiled at California Food Processor
September 25, 2003
WorldWater Inaugurates
Solar Municipal Water System in Cebu, Philippines
September 25, 2003
WorldWater
Elects David K. Lifschultz to Board of Directors
September 17, 2003
WorldWater Testifies
Before New York City Council on Blackout 2003
September 3, 2003
WorldWater Featured
in New York Times Patents Column
September 1, 2003
Carsten Bethge
Joins WorldWater as Domestic and International Sales Consultant
August 18, 2003
WorldWater
Corp. Awarded $300K Renewable Energy Grant
June 17, 2003
New Patent Issued
to WorldWater Corp for Automatic Solar Switching Technology
June 16, 2003
WorldWater Corp.
Hires Latham & Watkins as Legal Counsel
June 9, 2003
Debra J. Grady
Named Director of Marketing for WorldWater Corp.
March 27, 2003
Solar Energy Leader
WorldWater Corp. Joins International Center for Water Technology
in Launching a Solar Initiative to Further Solar Use in Water
Management
March 27, 2003
World’s
Largest Solar Irrigation Pump Unveiled at California Farm by
WorldWater Corp.
February 20, 2003
WorldWater Corp
and Winrock International Sign Contract |
|
| WorldWater
Named Exclusive PV Systems Supplier for 1 MW California College Contract |
| PENNINGTON, NJ, December
23/BUSINESS WIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, announced today that it has been selected
the exclusive supplier of a one megawatt PV system for Cerro
Coso College’s solar photovoltaic construction project.
The selection was made by Contra Costa Electric Company of Bakersfield,
CA, which won the contract from the Kern Community College District
earlier this month.
The full construction contract amount, payable to Contra Costa
Electric Co., is $8,963,053 for the program, by far the largest
such system for a community college. Construction is scheduled
to start immediately. The overall project currently is projected
for completion in June 2004.
With Contra Costa, we are very pleased to contribute to
what will be the leading edge of PV capabilities for college campuses
across the country, said Quentin T. Kelly, Chairman and CEO
of WorldWater.
Our team will make this facility a showcase to be duplicated
many times as the public recognizes the growing need for renewable
energy sources, said Richard M. Traynor, Vice President and
General Manager of Contra Costa Electric.
Cerro Coso College, part of the Kern Community College District,
is located in Ridgecrest, CA.
WorldWater Corp. is an international solar engineering and water
management company with unique, high-powered solar technology providing
solutions to water supply and energy problems. |
|
| WorldWater
Names Carsten Bethge Vice President for International and Domestic
Sales |
| -PENNINGTON,
NJ, November 17/BUSINESS WIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, announced today that Carsten Bethge has
been named Vice President for International and Domestic Sales.
Bethge’s responsibilities include directing all sales
activities for WorldWater internationally, including Asia and
Africa, as well as the U.S. market. He will make his headquarters
in California to further develop WorldWater’s fast-growing
solar water pumping and solar energy systems business there.
His responsibilities also include strategic planning, sales budgeting
and forecasting and creating and implementing a long-term domestic
and international sales plan.
Bethge previously was Vice President, Sales and Marketing for
Beckaert ECD Solar Systems and Senior Director, Worldwide Sales
for Siemens Solar Industries. He held other senior sales management
positions at Siemens Energy & Automation, and earlier was an
executive with AEG Corp., ABB Inc., Kearney-National, Gould, Inc.
and Allis Chalmers.
WorldWater Corp. is a full service solar energy and water management
company with unique high-powered solar technology providing solutions
to water supply and energy problems. The company recently developed
and patented AquaMax solar pumping systems capable of operating
pumps up to 600 hp, making it the first solar company in the world
with the power to deliver mainstream pumping capability. |
|
| World's’s
Largest Solar Pump is Unveiled at California Food Processor WorldWater
and Kern County Farm Bureau Inaugurate 350 hp Solar Compressor Pump
in San Joaquin Valley |
| -Edison,
CA October 23/BUSINESS WIRE/ |
The world’s largest solar
pump was introduced today at a ceremony at the Lehr Brothers Inc.
Big L Packing facility near Bakersfield. The unit operates a 350
hp hydracooler for processing potatoes at Lehr Brothers.
The event, hosted by WorldWater Corp. (OTC BB: WWAT) and the
Kern Country Farm Bureau, was attended by local and state dignitaries,
including members of the California State Assembly and Senate,
the Bakersfield City Council, the Board of Supervisors, the San
Joaquin Valley Air Pollution Control District and PG&E.
The Lehr Brothers’ 350 hp compressor pump is part of a proprietary,
state-of-the-art grid-tied solar system designed and installed
by WorldWater Corp. to reduce energy costs and provide alternative
power in the event of a grid power outage or power reduction.
This is going to help create a general improvement in the
air quality in this area, said Carsten Bethge, WorldWater’s
Vice President for Sales.
The event showcased WorldWater’s AquaMax solar pumping
system, which works in automatic combination with the electric
grid to power AC motors up to 600 hp from either the solar array
or the electrical grid, or from both sources if necessary. The
120 kW system features two solar arrays totaling over 10,000 square
feet, which also provide a shaded parking structure for farm equipment.
WorldWater Corp. is an international solar engineering and water
management company with unique, high-powered solar technology providing
solutions to water supply and energy problems. |
|
| WorldWater
Inaugurates Solar Municipal Water System in Cebu, Philippines National
Leaders to Witness World’s First Use of Prepaid Smart
Card Technology Delivering Potable Water |
| -PENNINGTON,
NJ, September 25/BUSINESS WIRE/ |
WorldWater (Philippines) Inc., a subsidiary of
WorldWater Corp. OTC
BB:WWAT.OB, and the Municipality of Ronda, Cebu, Philippines,
will inaugurate the world’s first solar powered, prepaid
municipal water distribution system on September 27 in Ronda. Former
Philippines President Fidel V. Ramos will be the keynote speaker.
Other Philippine national and area officials will attend the launch.
Ronda is located on the southwest coast of Cebu, an island in the
middle group of the Philippine archipelago.
For the first time, a municipal water distribution system utilizes
smart card technology as a financing solution for community water
production and to remove problems associated with the payment
collection process. The Ronda system uses WorldWater’s
proprietary AquaCard (Smart Card) debit card system, which
operates directly with WorldWater’s AquaMeter solar
pumping stations throughout the community. The project was made
possible by a commercial loan from the Philippine National Bank
(PNB), and required no special subsidies or grants.
This is one of the first times that PNB has been able to
lend to a municipality the size of Ronda, said Worldwater
(Phils.) President John Herrman. The bank’s willingness
is based on the collection security of the ‘AquaCard,’ which
enables the community to recover its costs and pay off the loan.
The AquaCard and AquaMeter system installed in Ronda
allows the community to offer clean, reliable drinking water to
residents, who pay for water via a debit card similar to a prepaid
phone card. The AquaCard is inserted into the AquaMeter solar
pumping station and the requested number of liters of water is
dispensed and the card is debited. A microchip on the card reads
when it needs to be recharged by the customer at the community
bank.
Funds collected by the community bank from customers are turned
over to the local government, which then repays the loans used
to purchase the equipment and installation from WorldWater. The
local municipality also receives a percentage of the funds for
other infrastructure improvements. WorldWater keeps an operations
and maintenance contract with the municipality for at least the
life of the 10-year loan.
Water purchased from the AquaMeter is not only clean, but
is also significantly less expensive than water purchased from
other sources. |
|
| WorldWater
Elects David K. Lifschultz to Board of Directors |
| -PENNINGTON,
NJ, September 25/BUSINESS WIRE/ |
David K. Lifschultz has been elected to the Board
of Directors of WorldWater Corp. OTC
BB:WWAT.OB, the company announced today.
Mr. Lifschultz is chairman of Genoil, Inc., a Canadian oil refining
technology company. Previously, he was CEO of Lifschultz Industries,
which was formed by the reverse acquisition by Lifschultz Fast
Freight of Hart Technologies.
Mr. Lifschultz brings a great deal of experience in hands-on
business and public market activities to our company, said
Quentin T. Kelly, Chairman and CEO of WorldWater. He is a
significant addition to our Board.
WorldWater is a full service solar energy and water management
company with unique high-powered solar technology providing solutions
to water supply and energy problems.
The company recently patented AquaMax pumping systems capable
of operating pumps up to 600 hp, making it the first solar company
in the world with the power to deliver mainstream pumping capability. |
|
| WorldWater
Testifies Before New York City Council on Blackout 2003 - Executives
Explain How Solar Technology Could Have Prevented Sewage Spill |
| -PENNINGTON,
NJ, September 17/BUSINESS WIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, testified yesterday before the New York
City Council Committee on Environmental Protection and Committee
on State and Federal Legislation’s oversight hearing on
Blackout 2003.
Appearing at the Council’s invitation, WorldWater Chairman
and CEO Quentin T. Kelly and Executive Vice President Anand Rangarajan
testified as to the impact WorldWater’s proprietary solar
technology might have made had it been in place as an alternative
power provider during the August 14th power outage in New York
City.
The testimony particularly focused on the impact WorldWater’s
solar power systems might have had had they been in place at the
City’s water treatment plants and pumping stations, where
loss of power caused 490 million gallons of untreated sewage to
spill into waterways surrounding New York City. According to Mr.
Kelly, This (WorldWater’s) approach could have eliminated
or greatly reduced the need for dumping untreated sewage into the
water streams.
Also testifying were the Midwest Independent System Operator (ISO),
the New York ISO, Consolidated Edison, the Northeast Power Coordinating
Council, the New York State Reliability Council, electric generators
and others.
Following the hearing, WorldWater was invited meet with New York
wastewater treatment and power plant officials. |
|
| WorldWater
Featured in New York Times Patents Column - Solar technology
automatically provides grid backup during blackout |
| -PENNINGTON,
NJ, September 3/BUSINESS WIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, was featured in The New York Times Patents
column on Monday, September 1, 2003.
The column, written by Patents columnist Teresa Riordan, emphasized
the ability of the automatic switching technology to switch a
system to backup solar power within seconds of a power failure,
such as the recent Northeast and Midwest power blackout. It also
noted that the switching takes place without any operator intervention.
The column noted that the technology was originally developed
to assist California farmers avoid grid power outages when irrigating
their crops on hot, dry days. Other likely adopters of the new
technology include water and sewage plants, like those that dumped
millions of gallons of raw sewage into waterways during the recent
blackout. Users may also include shopping centers and utilities,
the column said. It also is ideal for use in developing countries,
where electrical grid power frequently is unavailable.
The patent, number 6,583,522, was issued in June to Dr. Anand
Rangarajan, WorldWater’s Executive Vice President, and Thomas
McNulty, Director of Engineering.
The full text of the article can be found at NYTimes.com/2003/09/01/technology.
WorldWater Corp. is a full service solar energy and water management
company with unique high-powered solar technology providing solutions
to water supply and energy problems. |
|
| Carsten
Bethge Joins WorldWater as Domestic and International Sales Consultant |
| -PENNINGTON,
NJ, September 1/BUSINESS WIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, announced today that Carsten Bethge has
been named Domestic and International Sales and Marketing Consultant
for the solar energy and water management company.
Bethge previously was Vice President, Sales and Marketing for
Beckaert ECD Solar Systems and Senior Director, Worldwide Sales
for Siemens Solar Industries. He held other senior sales management
positions at Siemens Energy & Automation, and earlier was
an executive with AEG Corp., ABB Inc., Kearney-National, Gould,
Inc. and Allis Chalmers. He received his B.Sc. degree in electrical
engineering from the University of New Brunswick (Canada) and
a post-graduate Diploma in Management from McGill University.
Bethge’s responsibilities will include advising on the activities
of WorldWater’s sales force, strategic planning, sales budgeting
and forecasting, and creating and implementing a long-term domestic
and international sales plan. His initial focus will be helping
develop the company’s fast-growing solar water pumping and
solar energy systems market in California.
WorldWater Corp. is a full service solar energy and water management
company with unique high-powered solar technology providing solutions
to water supply and energy problems. The company recently developed
and patented AquaMax solar pumping systems capable of operating
pumps up to 600 hp, making it the first solar company in the world
with the power to deliver mainstream pumping capability. WorldWater
was the subject of a recent report by The Research Works, Inc.,
which can be found at www.stocksontheweb.com. |
|
| WorldWater
Corp. Awarded $300K Renewable Energy Grant |
| -PENNINGTON,
NJ, August 18/BUSINESS WIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, has been awarded a $300,000 grant by the
New Jersey Board of Public Utilities under its new REED (Renewable
Energy and Economic Development) Program. The grant will be used
to develop power electronics for controlling interaction between
the electric grid, solar power, and motors.
"WorldWater is very pleased to be a recipient of this inaugural
award, which will further the ongoing R&D critical to the
long-term commercial viability of renewable energy," said
Quentin T. Kelly, WorldWater's Chairman and CEO. WorldWater will
partner with Princeton Power Systems, Princeton, NJ for the project.
Winners of the competitive grants received awards ranging from
$50,000 to $500,000. The REED program provides funding that is
focused on growing the renewable energy industry in New Jersey
and making New Jersey the new "Silicon Valley" for renewable
energy economic development.
The project is expected to reduce the cost of electronic control
equipment, and the overall installed cost of a solar system, helping
to increase the number of solar systems in the agricultural, municipal
and industrial markets significantly. Over 90 percent of the contract
expenditure will take place in New Jersey, helping to increase
the reliability of power through deployment of large-scale solar
systems and positively impacting air quality statewide.
WorldWater Corp. is a full service solar energy and water management
company with unique high-powered solar technology providing solutions
to water supply and energy problems. The company recently developed
proprietary AquaMax(TM) solar pumping systems capable of operating
pumps up to 600 hp, making it the first solar company in the world
with the power to deliver mainstream pumping capability. |
|
| New
Patent Issued to WorldWater Corp. for Automatic Solar Switching Technology |
| -PENNINGTON,
NJ, June 17/PR NEWSWIRE/ |
WorldWater Corporation announced today that it
has been issued a patent for proprietary technology that enables
solar systems to perform multiple functions and to switch automatically
between solar and grid-tied power.
The U.S. Patent Office will formally issue patent number 6,583,522
on June 24 to WorldWater Corporation for a proprietary array
switching technology that makes it possible for a solar electric
system to provide multiple functions such as water pumping and
battery charging. It also enables a grid-tied solar system to
be switched automatically to power pumps, compressors and chillers
directly from solar if the grid goes down. The technology already
is in use in systems the company has installed in California.
WorldWater Corporation already holds one patent on this technology
and has three more pending or in process.
WorldWater Corporation is a full-service solar energy and water
management company with unique high-powered solar technology providing
solutions to water supply and energy problems. The company recently
developed proprietary AquaMax solar water pumping systems capable
of operating pumps up to 600 hp, making it the first solar company
in the world with the power to deliver mainstream electric pumping
capacity. |
|
| WorldWater
Corp. Hires Latham & Watkins as Legal Counsel |
| -PENNINGTON,
NJ, June 16/PR NEWSWIRE/ |
WorldWater Corp. has announced that Latham & Watkins
LLC has been appointed legal counsel for the solar energy and water
management company. The announcement was made by Quentin T. Kelly,
WorldWater’s Chairman and CEO.
"Latham & Watkins is not only one of the finest law
firms in the country," Mr. Kelly said "but also has
a particularly strong presence in California, an area in which
WorldWater is making tremendous strides. We are very pleased
to announce this relationship."
Latham & Watkins is one of the largest law firms in the U.S.
WorldWater Corp. is a full-service solar energy and water management
company with unique high-powered solar technology providing solutions
to water supply and energy problems. |
|
| Debra
J. Grady Named Director of Marketing for WorldWater Corp. - Former
Sales Executive for Forbes, CFO Publishing, National Geographic and
NJN Broadcasting Joins Solar Engineering/Water Management Firm |
| -PENNINGTON,
NJ, June 9/PR NEWSWIRE/ |
Debra J. Grady has been designated Director of
Marketing for WorldWater Corp. (WWAT:OTC.BB), it was announced
by Quentin T. Kelly, Chairman and CEO.
Ms. Grady’s background includes sales and marketing positions
with Forbes, where she was Director of Conference Sales, CFO
Publishing (Group Advertising Director), National Geographic
(Eastern Manager) and Harvard Magazine (Advertising Director).
Most recently she was senior marketing representative for NJN,
the PBS/NPR broadcast network in New Jersey. Early in her career
she was a reporter for two New England newspapers.
After attending Wellesley College, she graduated from the University
of Notre Dame with Magna Cum Laude honors in English. Ms. Grady
also did graduate course work in finance and marketing at Columbia
University Business School.
In her position at WorldWater, she will manage all international
and domestic corporate marketing activities, including advertising,
promotion and public relations, and coordinate the marketing activities
of the sales staff.
WorldWater is a solar engineering and water management company,
which has developed the patented technology (AquaMax) to
power pumps and motors up to 600 HP by solar alone or in hybrid
combination with the electric grid. The New Jersey company has
offices and sales activities in the US, particularly California,
where it has made recent sales in the agriculture, refrigeration
and water utility markets. Internationally, the company is operating
in the Philippines, where it is working with that government’s
Department of Agriculture developing a national irrigation program
utilizing the AquaMax pumping systems, and with Winrock International,
implementing water and solar power studies and projects in Mindanao. |
|
| Solar
Energy Leader WorldWater Corp. Joins International Center for Water
Technology in Launching a Solar Initiative to Further Solar Use in
Water Management |
| -PENNINGTON,
NJ, March 27/PR NEWSWIRE/ |
The International Center for Water Technology (ICWT)
has taken another step to partner with industry and encourage wide
spread adoption of water and energy technology that is economically
and environmentally beneficial by signing a Memorandum of Understanding
with solar energy industry leader WorldWater Corporation.
The MOU was signed at a reception at California State University,
Fresno on March 27.
The New Jersey-based WorldWater Corporation is a solar energy
company that develops and installs water and irrigation pumping
equipment utilizing new technology. The company recently dedicated
a proprietary state-of-the-art, 50 horsepower solar irrigation
pump system the only one of its size in the world at
the Mendota-based D.T. Locke Ranch.
The ICWT will launch a major Solar Initiative during Summer 2003
to encourage farmers, water districts and other agricultural water
users to utilize solar energy to pump a significant amount of their
annual irrigation water during peak electrical usage periods. The
new technology provided by WorldWater and high efficiency arrays
by other firms will enable an evolutionary shift in renewable energy
sources for agricultural water pumping.
The new Solar Initiative by ICWT will accomplish the following
goals:
- Reduce irrigation peak season energy loads
- Provide for small-scale distributed generation in agricultural
areas of utility grids that are transmission constrained
- Enable urban areas such as the San Francisco Bay Area to
use central station or imported power that would otherwise
have been used to pump irrigation water
- Enable California farmers and water districts to participate
in Net Metering projects and incentive-rebates for the purchase
of renewable energy equipment
- Reduce air emissions from stationary diesel engines that
convert to solar power thereby improving Central Valley air
quality
- Encourage ICWT Water Cluster members to develop and produce
water technology and irrigation equipment that is "solar
friendly" and energy efficient
- Provide a new source of high quality jobs for business building
and installation of new solar equipment on farms and for water
districts.
Attending the signing reception were California Energy Commissioner
Robert Pernell, ICWT Board Member, Ray Dunn, President Weir Floway
Inc., WorldWater Corporation Chairman and CEO Quentin Kelly, President
of WorldWater-California, Dr. Guy Phillips, Dr. Karl Longley, Dean
College of Engineer and Computer Sciences, CSU Fresno, and ICWT
Director Dr. David Zoldoske.
The ICWT is a collaborative venture between industry, academia
and public agencies across the country. Its goal is to develop
the technological advances that facilitate a shared vision of water
resource utilization among varied interests. The ICWT focuses on
research and development, industry testing and certification, public
policy and education and promotion of waster technology usage.
Information about the ICWT is available at www.icwt.net, or by
calling (559) 278-2066 |
|
| World’s
Largest Solar Irrigation Pump Unveiled at California Farm by WorldWater
Corp. —Inaugural ceremony
demonstrates economic, environment and energy benefits gained from
solar |
| -PENNINGTON,
NJ, March 27/PR NEWSWIRE/ |
The world’s first solar-powered 50
horsepower irrigation pump was unveiled at a commissioning ceremony
Thursday, March 27, at the D.T. Locke Ranch in Mendota, in California’s
San Joaquin Valley.
The proprietary state-of-the-art solar irrigation pump system the
only one of its size in the world provides several benefits
for agriculture, including a "clean air" alternative
energy source for pumping groundwater as well as long-term economic
savings in energy costs.
"This system can play a key role in the long-term viability
of California’s great agricultural industry," said Quentin
Kelly, Chairman and CEO of WorldWater Corporation, designer and
builder of the system. "Solar power offers farmers an alternative
energy source that is reliable, affordable and clean, which is
a significant plus for air quality in the San Joaquin Valley."
Joining Kelly and WorldWater-California President Dr. Guy Phillips
at the event were California Energy Commissioner Robert Pernell,
California Farm Bureau President Bill Pauli and International Center
for Water Technology Director David Zoldoske.
The event showcased WorldWater Corp.’s hybrid solar water
pumping system, "AquaMax," which at the Locke Ranch
features a 108 foot long solar array that captures the sun’s
energy to power a three-phase 36 kilowatt, 50 horsepower irrigation
pump. The controller converts solar DC current to AC, which powers
the pump from either the solar array or from the electrical grid,
or from both sources if necessary.
The system works as a hybrid in automatic combination with the
electric grid, allowing the electric meter to "spin" backwards,
called net metering, when the self-generating electricity isn’t
used in the field. Because of its independent energy-producing
abilities, the system provides farmers with an energy source for
continued irrigation during an electrical black- or brown-out.
The system also provides solar energy to power the nearby farm
shop, a house and domestic water well.
The AquaMax system offers a whole new approach and a significant
change in the air quality of irrigation and power pumping for farms,
ranches, dairies, water districts and food processing companies,
said Kelly.
WorldWater Corporation is a solar engineering and water management
engineering company active in developing countries and around the
world. In addition to designing, developing and marketing solar
technology, WorldWater Corporation’s full-service management
capabilities include advising and supplying farms, dairies, ranches
and water authorities on all phases of the water cycle, from finding
to pumping to delivering this precious resource.
Contact: Leon A. Woods, WorldWater-California (916) 449-3929
This document may contain Statements which constitute "forward-looking
statements." "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. Such forward-looking statements involve
known and unknown risks, and uncertainties expressed or implied
by such forward-looking statements and actual results could be
materially different from those projected. Actual events or results
may differ materially from those discussed in forward-looking statements
as a result of various factors, including, without limitation,
general economic and business conditions which may impact demand
for our solar generated pumps and electricity; changes in tax laws
and regulations; our ability to implement our marketing strategy
and to expand our business in the worldwide market; our ability
to build our production facility up to the level of efficiency
and output for our planned production; and changes in laws and
government regulations applicable to our business, including laws
in foreign nations. |
|
| WorldWater
Corp and Winrock International Sign Contract |
| -PENNINGTON,
NJ, February 20/PR NEWSWIRE/ |
WorldWater Corp. OTC
BB:WWAT.OB, and Winrock International of Morrilton,
Ark. and Arlington, Va. have signed a contract related to an
electrification project in the Philippines.
Winrock has an Agreement with the United States Agency for International
Development to support 160 barangays (communities) in the provinces
of Tawi Tawi and Basilan, southwest of Mindanao, and WorldWater
has been selected as a sub-contractor for an early assessment
phase.
The contract calls for WorldWater, a solar and water engineering
company, to research and prepare a report that characterizes the
water resource and sanitation conditions of the respective regions,
determine potential solutions for improved water resources development,
and identify associated costs and implementation requirements.
The work to be performed by WorldWater is to be concluded by July
3, 2003. The amount payable to WorldWater under the contract is
$86,935.
This document may contain Statements which constitute "forward-looking
statements." "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. Such forward-looking statements involve
known and unknown risks, and uncertainties expressed or implied
by such forward-looking statements and actual results could be
materially different from those projected. Actual events or results
may differ materially from those discussed in forward-looking statements
as a result of various factors, including, without limitation,
general economic and business conditions which may impact demand
for our solar generated pumps and electricity; changes in tax laws
and regulations; our ability to implement our marketing strategy
and to expand our business in the worldwide market; our ability
to build our production facility up to the level of efficiency
and output for our planned production; and changes in laws and
government regulations applicable to our business, including laws
in foreign nations. |
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