WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-horsepower solar systems, and ENTECH, Inc., developer and manufacturer of advanced solar concentrating technology for terrestrial and space applications, announce that the companies signed an extension of the Letter of Intent to acquire ENTECH beyond the earlier announced date of December 27, 2006. The companies anticipate the closing before the end of January.

“We look forward to the successful conclusion of this transaction as soon as possible in the New Year,” said Quentin T. Kelly, Chairman of WorldWater & Power Corp.

Project Will Serve as Solar Study for U.S. Poultry Industry Partners Include University of Delaware and GE Energy

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, announced today that it has won a $500,000 contract from Allen Family Foods, Inc. to build a photovoltaic (PV) system to power an Allen poultry growout house in Laurel, Delaware. Growout houses are highly energy dependent in taking day-old chicks and raising them to maturity.

In Delaware, the cost of grid electricity has increased significantly over the past 12 months and the industry is looking to solar as a cost effective, sustainable energy source for the future of growout contractors throughout the U.S. The Delaware Green Energy Program has granted $250,000 to help fund the system, the University of Delaware will monitor the Allen project and GE Energy, the PV panel supplier, will contribute to the project evaluation study. Ray Angelini, Inc. (RAI) of Sewell, New Jersey is WorldWater's installation partner.

The poultry industry is one of the largest employers in Delaware, with some counties having the highest concentration of growout houses in the U.S. WorldWater's solar system will significantly reduce Allen's electricity costs and provide backup power in the event of grid outages to maintain the temperatures critical to large numbers of growing chickens.

Allen Family Foods, a third-generation family owned company, has been in the poultry business since 1919. Today it employs over 3,000 people in Delaware, Maryland and North Carolina. Along with breeding and hatching facilities, feed mills and processing plants, Allen has a farming division that produces feed grains, 28 company-owned growout farms and coordinates with 550 independent contractors that raise chicks for Allen.

Charles C. "Chick" Allen III, Chairman and CEO of Allen Family Foods, commented on the project, "I was happy to have the opportunity to collaborate on a research project that has the potential to reduce costs for these growers. I want to do anything I can to maintain the economic viability of the Delmarva poultry industry."

Quentin T. Kelly, Chairman of WorldWater & Power Corp., stated, "We are delighted to have this opportunity to demonstrate how WorldWater & Power's patented technology is uniquely suited to address the broad spectrum of electrical needs that a poultry farm presents in both a cost effective and environmentally friendly manner."

GE Energy is one of the world's leading suppliers of power generation and energy delivery technologies. GE Energy works in all areas of the energy industry, including renewable resources such as water, wind, solar and biogas. It is an industry leader in the integrated design of solar electric systems.

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WorldWater & Power Corp. (OTC BB:WWAT.OB-News), on Thursday said semiconductor products maker Emcore Corp. (EMKR.O: Quote, Profile, Research) agreed to buy a 26.5 percent stake on a diluted basis in WorldWater, for $18 million in cash.

In return, Emcore will receive convertible preferred stock and warrants of WorldWater, equivalent to about 31 percent equity ownership, Emcore said.

The companies agreed that Emcore would be the exclusive supplier of multi-junction solar cells, assemblies and concentrator subsystems to WorldWater with a contract of up to $100 million over the next three years. (Reporting by Sayantani Ghosh in Bangalore)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-horsepower solar systems, and EMCORE Corporation today jointly announced that they have signed a strategic partnership and that EMCORE has agreed to purchase 26.5% on a fully diluted basis of WorldWater for $18 million in cash. In return, EMCORE will receive convertible preferred stock and warrants of WorldWater.

The two companies also announced the formation of a strategic alliance and supply agreement under which EMCORE is the exclusive supplier of high-efficiency multi-junction solar cells, assemblies and concentrator subsystems to WorldWater with a contract valued at up to $100 million over the next 3 years.

On November 29, 2006, EMCORE invested $13.5 million in WorldWater, representing the first tranche of its $18 million investment. The investment of the remaining $4.5 million second tranche will occur once the definitive strategic agreement is signed and certain other conditions are met. The parties expect the execution of the definitive strategic agreement and second closing to occur before the end of the year. In connection with the investment, EMCORE will also gain two seats on WorldWater's Board of Directors.

"This strategic investment represents a shift in EMCORE's terrestrial photovoltaic strategy by becoming, with WorldWater, a solution provider rather than just a component supplier. This investment will add strategic strength to both of our companies," said Reuben F. Richards, Jr., President and CEO of EMCORE. "By connecting EMCORE's space and terrestrial cell technology with WorldWater's specialized electrical drives for applications such as pumping water for water utilities and irrigation for farms, we should command a significant segment of the rapidly growing distributed solar energy market in the U.S. and abroad. A significant percentage of the world's electrical consumption is used to run pumps and motors. WorldWater's broad marketing experience and capabilities combined with EMCORE's terrestrial solar cell and system technology will lead to significant market opportunities for utility scale power as well as for markets on the retail side of the meter such as water pumping for agriculture and village scale power. We are impressed with the progress WorldWater has made, particularly in the last year increasing revenues from $2 million in 2005 to a projected $17 million for 2006."

Quentin T. Kelly, WorldWater's Founder and Chairman, commented, "Our technological mix is key to this strategic partnership. Concentrated photovoltaic systems are the keys to reducing the cost per watt of power generated. In addition, this major financing from EMCORE will enable WorldWater to substantially increase our core business of blending and/or replacing the electric grid with solar power and supplying solar electric drives able to operate motors and pumps up to 600 hp for large commercial projects, whether in the agricultural, water utility or other industrial fields." Mr. Kelly added, "EMCORE's $18 million investment will help us to meet our working capital needs in expectation of achieving major growth in revenue next year."

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MCORE CORPORATION (Nasdaq: EMKR - News), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and solar photovoltaic markets, and WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of photovoltaic systems for terrestrial power generation including proprietary electrical motor drive technology for water pumping, today jointly announced that EMCORE has agreed to invest $18 million in WorldWater in return for an amount of convertible preferred stock and warrants of WorldWater, equivalent to an approximately 31% equity ownership in WorldWater, or approximately 26.5% on a fully diluted basis.

The two companies also announced the formation of a strategic alliance and supply agreement under which EMCORE is the exclusive supplier of high-efficiency multi-junction solar cells, assemblies and concentrator subsystems to WorldWater with a contract valued at up to $100 million over the next 3 years.

On November 29, 2006, EMCORE invested $13.5 million in WorldWater, representing the first tranche of its $18 million investment. The investment of the remaining $4.5 million second tranche will occur once the definitive strategic agreement is signed and certain other conditions are met. The parties expect the execution of the definitive strategic agreement and second closing to occur before the end of the year. In connection with the investment, EMCORE will also gain two seats on WorldWater's Board of Directors.

"This strategic investment represents a shift in EMCORE's terrestrial photovoltaic strategy by becoming, with WorldWater, a solution provider rather than just a component supplier. This investment will add strategic strength to both of our companies," said Reuben F. Richards, Jr., President and CEO of EMCORE. "By connecting EMCORE's space and terrestrial cell technology with WorldWater's specialized electrical drives for applications such as pumping water for water utilities and irrigation for farms, we should command a significant segment of the rapidly growing distributed solar energy market in the U.S. and abroad. A significant percentage of the world's electrical consumption is used to run pumps and motors. WorldWater's broad marketing experience and capabilities combined with EMCORE's terrestrial solar cell and system technology will lead to significant market opportunities for utility scale power as well as for markets on the retail side of the meter such as water pumping for agriculture and village scale power. We are impressed with the progress WorldWater has made, particularly in the last year increasing revenues from $2 million in 2005 to a projected $17 million for 2006."

Quentin T. Kelly, WorldWater's Founder and Chairman, commented, "Our technological mix is key to this strategic partnership. Concentrated photovoltaic systems are the keys to reducing the cost per watt of power generated. In addition, this major financing from EMCORE will enable WorldWater to substantially increase our core business of blending and/or replacing the electric grid with solar power and supplying solar electric drives able to operate motors and pumps up to 600 hp for large commercial projects, whether in the agricultural, water utility or other industrial fields." Mr. Kelly added, "EMCORE's $18 million investment will help us to meet our working capital needs in expectation of achieving major growth in revenue next year."

About EMCORE:
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optic, satellite and solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television (CATV) and fiber-to-the-premises (FTTP). EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide (GaAs) solar cells, Covered Interconnect Cells (CICs) and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar concentrator systems. For further information about EMCORE, visit http://www.emcore.com.

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WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-horsepower solar systems, today announced results for the third quarter ended September 30, 2006. Revenue for the third quarter was $6.5 million with gross margins of 22%. The company had given preliminary guidance of revenue in the range of $5.8 - $6.1 million for the quarter.

"We are very pleased to announce, as expected, our best quarter in the Company's history," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and project significantly stronger growth in 2007."

Financial Results:
Revenue for the third quarter was $6.5 million, compared with $0.6 million reported in the third quarter of 2005. Gross profit for the quarter was $1.5 million or 22.2% gross margin, versus a loss of $0.2 million in the prior-year period. The company posted an operating loss of $0.4 million compared with an operating loss of $1.4 million in the third quarter of 2005. Net loss for the third quarter was $0.8 million, or $(0.01) per share, compared to a loss of $4.8 million, or $(0.05) per share, in the prior-year period.

For the first nine months of fiscal 2006, WorldWater reported revenue of $10.3 million, versus $0.8 million in the same period last year. Gross profit was $1.9 million for the first three quarters of 2006, as compared with a loss of $(0.2) million in 2005. Net loss for the period was $6.3 million, or $(0.05) per share, versus a net loss of $7.5 million, or $(0.08) per share, in the same period last year.

To download full report click here.

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced that the company has been awarded a $346,694 contract by the U.S. General Services Administration (GSA) to build a solar electric system at the Clarkson S. Fisher U.S. Courthouse Annex in Trenton, New Jersey. The project is a joint venture with Ray Angelini, Inc. (RAI) of Sewell, New Jersey. The WorldWater winning bid calls for the installation of photovoltaic panels on the roof of the seven-story glass tower, which was completed in 1996. The solar system will provide a portion of the Annex's electricity and the Federal Government will earn "net metering'' credits for its solar electric production from PSE&G when the offices are closed. Approximately $147,500 of the construction cost will be paid in the form of a rebate from the New Jersey Clean Energy Program.

Quentin T. Kelly, Chairman of WorldWater & Power commented on the new contract, "As far as we know, this is the first contract awarded by the GSA Mid-Atlantic Region to build a solar electric system and we are proud to be the winning bidder. GSA's commitment to a clean, efficient energy benefits everyone with better air quality and helps taxpayers by lowering the operational costs of government facilities.''

GSA is a centralized, federal procurement, property management, policy development and information provision agency created by Congress to improve government efficiency and help federal agencies better serve the public. GSA is committed to incorporating principles of sustainable design and energy efficiency into all of its building projects. To evaluate and measure its green building achievements, all GSA new construction and substantial renovations must be certified through the Leadership in Energy and Environmental Design (LEED(r)) Green Building Rating System of the U.S. Green Building Council.

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WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced that the U.S. Patent and Trademark Office has granted the company a second patent application in one week.

The new invention, "AC/DC Hybrid Power Systems,'' relates to a hybrid electric system where solar DC power and AC grid power are blended together to deliver output power. By combining the two power sources, WorldWater can deliver power at a higher efficiency that results in lower cost. There are no external or internal switching components and the system is designed so both alternating and direct current sources are always available to maintain the required output power. The earlier patent granted and announced this week was "Maximum Power Point Speed Control.'' The new patents make six patents issued to WorldWater & Power Corp., with five more pending.

"It doesn't take an electrical engineer to recognize the major significance these technological advances bring to the industry and our customers...the benefits in cost saving and the flexibility to automatically call on grid or solar power are tremendous,'' said Quentin T. Kelly, Chairman of WorldWater & Power Corp.

The application of AC/DC Hybrid Power Systems is for solar powered electrical systems, motors, and water pumps, and works in conjunction with the company's other proprietary technologies that allow the operation of electric motors up to 600 horsepower on solar power alone.

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WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, announced here today the construction start of a $402,482 solar electric system at The International Center for Water Technology (ICWT) at California State University, Fresno's new building located on the Fresno campus. Founded in 2001, ICWT educates, promotes and assists in the development and adoption of innovative technologies that improve water utilization, reduce energy demand and positively affect air quality. The rooftop photovoltaic system incorporates WorldWater's proprietary Aquamax technology that is capable of powering electric motors up to 600 horsepower at variable speeds operating on solar power alone.

In making the announcement, David Zoldoske, ICTW's Director said, "The system will be a valuable teaching tool for students, but it's much more than that. This advanced technology ties into the Million Solar Roofs initiative recently signed into law by our Governor and it will be used as part of a business incubator for entrepreneurs interested in starting companies in the fields of water and renewable energy.''

The new building is a partnership between ICWT and the Central Valley Business Incubator. Five offices are available to start-up companies. They will have access to WorldWater's solar system to help advance their technologies. ICWT will also help with the development of business and marketing plans, and introductions to industry.

Quentin T. Kelly, Chairman of WorldWater & Power commented, "We are delighted to be associated with the International Center of Water Technology to help future farmers and water management professionals utilize solar to reduce grid demand and improve air quality.''

WorldWater & Power Corp. is one of only two companies selected by the Association of California Water Agencies (ACWA) as a Preferred Solar Partner. WorldWater recently built the world's first solar powered pumping system at a water utility for California's Idyllwild Water District.

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WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced that the U.S. Patent and Trademark Office has granted the company's patent application for "Maximum Power Point Speed Control.'' The new invention relates to the operation of AC Motors and Motor Drives that convert power from a DC source (such as sun power) to AC, and operates the motor at maximum power as the power from the DC source varies.

In making the announcement, Chairman Quentin T. Kelly commented, "This new technology is a continuation of WorldWater's pioneering advances in solar energy. Congratulations to Tom McNulty, our Director of Engineering, and Juan Horta, Electrical Design Engineer, the primary inventors.''

The WorldWater & Power development replaces hardware with software, enabling the motor to change speeds in order to operate optimally with the available power from the sun. It operates in conjunction with the company's other proprietary technologies that drive electric motors up to 600 horsepower on solar power alone.

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WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced the commissioning of the $295,301 WorldWater & Power solar system that was installed on the roof of the Voorhees Middle School in Voorhees Township, New Jersey. The photovoltaic array incorporates WorldWater's proprietary electronics that automatically control power to the school and manage net metering to the utility to earn renewable energy credits. The system will be monitored via a kiosk in the school library that provides science and environmental information to students, such as how much Carbon Dioxide the system saves from going into the atmosphere. Primary contractor for the project was Ray Angelini, Inc. (RAI) of Sewell, New Jersey.

Frank DeBerardinis, Assistant Superintendent of Business for the Voorhees Township Board of Education, commented on the finished project, "Our Board welcomes solar because of environmental impact and the cost savings. We have a cap on spending, so every penny we save on the non-instructional side we can put back in the classroom. Next summer we will do the second half of the Middle School roof with solar and expect to do all six of our buildings over the next several years.''

Voorhees Township Public Schools is taking advantage of the generous rebates from New Jersey's Clean Energy Program that pay for approximately 50% of the solar equipment and installation. In addition, the school is earning energy credits currently valued at $0.22 per kilowatt-hour while showing the community that solar power is a clean, highly cost-effective alternative to skyrocketing energy costs.

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WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-horsepower solar systems, today announced that senior executives from the company's New Jersey headquarters and California offices will attend Solar Power 2006. The company will also display its solar technology and feature recently completed projects at Booth #109. The event will be held at the San Jose Convention Center, San Jose, California, October 16-20.

"The Solar Power Conference and Expo is the largest business-to-business solar event in the United States and I always look forward to it. Our top executives view it as a prime opportunity to share information with industry colleagues and forge partnerships that help forward the deployment of our unique contribution to the industry, the ability to drive electric motors up to 600 horsepower on solar power alone,'' said Quentin T. Kelly, Chairman of WorldWater & Power Corp.

Organized by the Solar Electric Power Association (SEPA) and the Solar Energy Industries Association (SEIA), Solar Power 2006 has been growing rapidly each year. More than 4,000 people are expected to attend this year's event and more than 160 companies will exhibit.

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WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-horsepower solar systems, today announced preliminary results for the third quarter ended September 30, 2006 and provided guidance for the remainder of 2006 and for 2007. Revenue for the third quarter, a record, will be in the range of $5.8 - $6.1 million, and gross margins will also be at record highs. In addition, the company announced that it is making substantial progress toward completion in the fourth quarter of its largest installment to date, the $7.8 million Farm ACW avocado ranch in California. WorldWater & Power expects that revenue in the fourth quarter will be between $8.5 and $9.2 million, with additional improvement in gross profits.

"We are very pleased to announce that, as expected, we will post our best quarter in the company's history when we report full financial results in mid-November," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and have basis to project significantly stronger growth in 2007. We also expect to close the Entech acquisition by the end of 2006 and are currently submitting joint bids on projects as large as 50 Megawatts in size. In addition, geopolitical events continue to provide tremendous growth opportunities for the solar industry."

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced WorldWater's Project Manager, Mickey Ingles and Cassandra Kling, Director of Business Development for the Eastern U.S., will participate in a ribbon cutting ceremony to open a new solar irrigation system at the Egg Harbor Township Arboretum. The event will take place Thursday, October 5 at 11:00 AM at the Arboretum site located at 18 School House Road, Egg Harbor Township, New Jersey.

Engineers from WorldWater & Power worked closely with students from the Eagle Academy to design and build the new solar facility. The new two-story building accommodates rooftop photovoltaic panels and a solar electric pumping system to irrigate the 15-acre Arboretum grounds and supply water for drinking and for the restrooms within the building. The Arboretum is considering adding a solar powered classroom to the site and is looking forward to further collaboration with WorldWater.

"WorldWater and their entire crew were integral in collaborating with our students to bring us an off-the-grid, self-contained solar powered system, a vital component for the development of the site,'' said Bob Zentmeyer, Supervisor of Alternative Education at the Eagle Academy. Founded in 1999 by the Egg Harbor Township School District, the Eagle Academy serves the needs of at-risk youth, those falling through the cracks of the conventional educational system and dropping out of school.

After the students worked on the building's design with WorldWater, volunteer engineers prepared CAD drawings that conformed to building codes. WorldWater handled the installation and supervised students who built the braces for the solar panels and assembled the gravity-fed stand and tank for the solar unit. "Students got a taste of the technology and it was a real eye-opener for them, an incredible resource of information from World Water & Power. The inspector from the State said he has never seen anything like it,'' added Zentmeyer.

Egg Harbor Township, a municipality in southern New Jersey, donated the former trash dumpsite to the Egg Harbor Environmental Commission to provide open space for its 40,000 residents. In building the solar installation, Eagle Academy students also collaborated with the township's planning board, environmental commission, the Atlantic City Municipal Utilities Authority (ACMUA) and the New Jersey Department of Environmental Protection. The Arboretum Enhancement Project is funded through a grant form the Geraldine Dodge Foundation. Telephone for the Arboretum is (609) 926-1235.

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WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-horsepower solar systems, today announced the signing of a $446,250 contract with The Center for Great Expectations to build a roof-top solar power system for the Center's new facility under construction in Somerville, New Jersey.

Grants from the N.J. Clean Energy Program and N.J. Housing Mortgage Finance Agency will pay for 50% of the solar installation cost and The Center will earn Solar Renewable Energy Certificates (SCRE's) on a long-term basis. "We estimate that solar energy will provide close to 100% of the electrical needs of the facility,'' said Cassandra Kling, WorldWater's Director of Business Development for the Eastern U.S.

The new "green'' building was designed by the Prisco Group of Hopewell, N.J., to the Leadership in Energy and Environmental Design (LEED) standard of the U.S. Green Building Council. Prisco also incorporated high-energy efficient design, and environmentally preferable building materials into the project. Scott Prisco, Principal at the Prisco Group, said, "We are honored to provide a new building that will allow The Center to provide a safe harbor and home to these homeless women and children.''

The Center for Great Expectations serves homeless pregnant women between the ages of 13 and 40 and seeking treatment for the effects of alcohol or drug dependency, homelessness, domestic violence, and other emotional problems. Licensed through the N.J. Department of Human Services, Division of Youth and Family Services (DYFS) The Center is also a network provider for The Substance Abuse Initiative, part of the N.J. Department of Health and Senior Services. Peg Wright, President of the Center, said, "It is our goal to offer our residents the best environment we can, whether it is in the form of educational opportunities, a caring touch, or the air they breathe.'' (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced that it will participate in the Merriman Curhan Ford & Company Third Annual Investor Summit 2006 on September 18th, 2006 at the Mark Hopkins InterContinental Hotel in San Francisco. Quentin T. Kelly, chairman, Larry Crawford, chief financial officer, and Dr. Anand Rangarajan, executive vice president and chief of technology, will present at the conference at 3:00 p.m. Pacific Time. Management will discuss the company's growth strategy and outlook for 2007. More information about the conference can be found at: www.merrimanco.com.

A live audio webcast of the presentation will be accessible via the WorldWater & Power website after September 18th. To access the webcast and presentation materials, visit the Investor Relations section of the website at www.WorldWater.com. A replay of the webcast will be available for six months. (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-horsepower solar systems, today announced the confirmation of revenue guidance for the 3rd quarter 2006 of more than $5 million with continued improvement in gross margins.

The company also announced that it has completed or initiated $12.7 million in projects in 2006 and has completed more than 50 % of its largest project, the 1000 acre Farm ACW avocado ranch. Completion of that $7.8 million project in Fallbrook CA is scheduled for the 4th quarter, according to Quentin T. Kelly, Chairman of WorldWater and Power Corp.

Additional information about the state of the company's business will be reviewed at the Annual Shareholder Meeting on Friday, Sept. 8. A presentation will be provided on the company's website, as will the script of the speech by the Chairman, following the meeting. (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer of proprietary high-powered solar energy systems, today announced the completion of a $677,000 rooftop photovoltaic (PV) system for Valley Car Wash, Inc. of Van Nuys, California. The customer will receive a 42% rebate of the full installation cost from Southern California Gas Company.

This was a challenging, field-engineered, custom-designed system which was integrated into the existing facility without interrupting Valley's on-going operations," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "Car Washes use plenty of energy and we have supplied a system which will help Valley - and in the future other car washes - help manage those energy costs."

Since the beginning of the year, WorldWater has completed several other commercial and residential installations in California, New Jersey and Delaware, including: Atlantic County Utilities Authority (NJ); Cocopah tree nurseries (CA); DuPont (DE) and the Idyllwild Water District (CA). The Company has many other projects in pre-engineering or under construction, including: Farm ACW (CA); Liberty Science Center (NJ); L.A. Baking (CA); West Pico Foods (CA); Voorhees School District (NJ); Richard Stockton College (NJ); CIT Fresno (Center for Irrigation Technology under the auspices of California State University - Fresno) (CA); St. Joseph's School (NJ); an architectural model mansion in Rancho Santa Fe (CA); and a commercial building installation in Sewell (NJ).

The $7.8 million one-thousand acre Farm ACW avocado ranch project in Fallbrook, California is expected to be the largest farming operation in the world to be powered by solar electricity. The one-MegaWatt project is scheduled for completion in the 4th Quarter or early in 2007. (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced that, effective July 10, 2006, Larry Crawford was appointed Chief Financial Officer of the company, replacing James S. Brown, who will now assume a new role in project financing. Mr. Crawford was previously Chief Financial Officer and Executive Vice President of Escala Group and brings many years of experience in financial reporting and strategic planning. Mr. Brown will now focus on implementing appropriate mechanisms needed for financing the company's large backlog of projects.

"I am very pleased to announce these management changes, which will improve the execution of our company's growth strategy,'' said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "Larry brings a wealth of experience in public reporting and financial management, which we will require as our growth accelerates. Jim Brown's new role will streamline our efforts to accelerate the financing process.''

In addition, Mr. Kelly continued, "We are on track to achieve record revenue this year and are rapidly making progress with our largest customer to date -- the $7.8 million Farm ACW avocado ranch project in California. With our growing backlog of orders and potential pipeline of new business opportunities, along with our recent announcement to acquire ENTECH, we are very focused on executing our business plan this year and will be well positioned for 2007 and beyond.''

Larry Crawford
Prior to joining WorldWater & Power, Mr. Crawford served as Chief Financial Officer and Executive Vice President of Escala Group, Inc., a position held since 2001. He was previously Chief Financial Officer of Arzee Holdings, Inc., from 1996 to 2001, and Vice President of Finance and Chief Financial Officer of Talon, Inc., a subsidiary of Coats Viyella plc., from 1987 to 1996. Mr. Crawford is a certified public accountant and received his B.A. from Pennsylvania State University and an M.B.A. from the Lubin School of Business of Pace University.

James S. Brown
Mr. Brown joined WorldWater & Power in May, 2004. Prior to this, he served as an independent financial consultant and held senior executive positions in project finance with Energy Wholesales Operations, El Paso Energy International, Westmoreland Energy and AMVEST Corporation. (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced that it has entered into a Letter of Intent (LOI) with ENTECH, Inc. of Keller, TX, to acquire the company upon completion of the necessary due diligence and after obtaining appropriate financing. ENTECH, a private company formed in 1983, is a developer and manufacturer of advanced concentrating solar photovoltaic and thermal technologies for terrestrial and space power applications. ENTECH has developed record-breaking concentrator solar power systems, supplied solar power for space missions for NASA, and installed ground-based concentrating solar systems in North America.

With the combined technologies of WorldWater & Power and ENTECH, solar systems will be capable of generating and delivering electrical and thermal energy on site at prices competitive to retail prices without relying on rebates. ENTECH's patented concentrator technology also allows for the installation of massive solar "farms" with greatly reduced requirements for solar cell materials (silicon or multi-junction) and, when used in conjunction with WorldWater & Power's technology, greatly reduces the reliance on rebates or other incentives for economic installations. Due to the advantages of ENTECH's concentrator, only 5% of the amount of silicon used in flat plate solar modules is required by current ENTECH modules to generate the same electrical power. For example, 50 kilowatts of solar cells used in conventional flat plate solar modules generates one megawatt of electrical energy using the ENTECH modules.

Consequently, the ENTECH technology greatly lessens the impact of the silicon material shortage currently constricting flat plate solar panel supply. ENTECH is also developing even more cost-effective systems using multi-junction solar cells. ENTECH concentrators utilize a two-axis tracker to follow the sun's position throughout the day, maximizing energy production.

ENTECH's technology can produce photovoltaic electricity, or thermal energy (heat) for commercial uses such as for heating and/or air conditioning. When applied in a combined fashion for onsite power applications, the cost to the customer can be significantly less for electricity generated and for BTU of heat provided versus separate competing systems currently on the market, and can also be competitive with current retail energy prices.

WorldWater & Power plans to purchase ENTECH through a newly-formed, wholly-owned subsidiary. Financing will be obtained primarily through funding of the capital structure of the new subsidiary, and it is not anticipated that WorldWater cash or new shares will be utilized in the transaction. A portion of the value paid by WorldWater will be in the form of earn-out provisions.

As a WorldWater subsidiary, ENTECH will maintain its identity, location, and business operations in both terrestrial and space solar energy. ENTECH will continue to perform its highly successful contract work for NASA, the U.S. Department of Defense, and other customers, as well as its internal R&D programs leading to improved future products.

"Today marks a historic moment for WorldWater," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "In addition to our expanding business using our proprietary AquaMax(TM) drives, the pending acquisition of ENTECH, when completed, will give us unmatched solar concentrator applications, enabling us to compete on large-scale systems of one to 100 megawatts or more that can efficiently harness the sun's power for large industrial and municipal electricity supply. This will drive down costs and reduce the requirements for scarce silicon, a factor now pushing up the cost of solar PV cells and panels. We will be able to build large-scale solar farms using a fraction of the silicon required by conventional solar systems. In addition, with ENTECH's proven tracking technology, the capacity factor of our systems can be improved by up to 25%, while heat generated via solar concentration can be captured and utilized for food processing, HVAC or other applications."

Dr. Walter Hesse, Chairman and CEO of ENTECH, commented, "The combination of ENTECH's proprietary terrestrial applications with WorldWater's patented motor drive technology will clearly provide a superior value proposition to clients. We look forward to working together with WorldWater & Power as soon as the acquisition can be effected, and to continuing our state-of-the-art developments in terrestrial solar power and space solar power with NASA, the Department of Defense, and others, along with building large-scale solar power applications In fact, we are already preparing plans to bid on several multi-megawatt joint projects." (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced that it has canceled the financing with an institutional investor, previously announced May 16, 2006, due to the proposed terms and market conditions. The Company is reviewing other funding alternatives that offer more attractive terms and appropriately value WorldWater's existing backlog and business outlook. WorldWater is committed to its shareholders and to serving its expanding customer base as expeditiously as possible. (back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), a developer and marketer of proprietary high-power solar systems, today announced that the company is breaking ground this week on its largest project to date, the $7.8 million Farm ACW avocado ranch project in Fallbrook, CA. Construction for the system, approximating one megawatt in size, is anticipated to be substantially completed before the end of this year. Farm ACW is a leading avocado grower with over 50,000 trees, which will likely become the largest farming operation in the world to be powered by solar energy.

"All financing and permitting matters have finally been resolved after a year spent on several complex permit issues specific to this project," said Quentin T. Kelly, Chairman of WorldWater & Power. "The rebate has also been approved by the San Diego Renewable Energy Office, and WorldWater has already begun receiving payment from the client for its services. We look forward to completing this very significant project as expeditiously as possible for Farm ACW, transforming their avocado operations into a model of sustainable energy and smart agricultural development."

With the start of ACW, the company also reported that it has completed four major projects in 2006 and currently has the following additional projects under construction or in the pre-engineering phase: Valley Car Wash (CA); Voorhees School District (NJ); Richard Stockton College (NJ); an architectural model home in Rancho Santa Fe (CA); and a commercial building rooftop installation in Sewell (NJ). In addition, WorldWater has several residential solar operations underway in California and New Jersey. Overseas, the company is constructing six solar water village systems in Sri Lanka for the U.S. Trade and Development Agency. (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced the signing of a contract with the First Missionary Baptist Church of Littlerock, California to build a solar power and distribution system. Littlerock is a small city in Los Angles County approximately 40 miles northeast of the City of Los Angeles. The photovoltaic panels will be installed on the rooftop of the church's main sanctuary building and the WorldWater system will run in parallel with the church's public electric utility, Southern California Edison. The contract is subject to financing and approval of rebate.

In making the announcement, Quentin T. Kelly, Chairman of WorldWater & Power Corp. commented, "First Missionary is one of a growing number of California organizations, businesses, agribusinesses and homeowners investing in WorldWater solar systems and taking advantage of the state's liberal rebate and incentives programs, which along with New Jersey, are the highest in the nation. It's a wise decision for the church with immediate and substantial economic benefits.''

During times when the church is not using electricity, solar power generated by the WorldWater & Power system will send electricity to the public utility and earn First Missionary "net metering'' kilowatt-hour credits that can be used to pay for grid electricity as and when needed. The California Public Utility Commission's Solar Initiative Rebate Program will pay for approximately 25% of the cost of First Missionary's solar system. (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced the signing of contracts with homeowners in New Jersey and California to build photovoltaic solar electric systems to power their residences in parallel with their present electric utility company. The contract value of the systems in New Jersey and California is $160,540.

"More and more homeowners are seeing the fundamental economic advantages of investing in our solar systems. Huge increases in natural gas prices and rising electric utility rates are driving the interest in solar. When a homeowner investigates all the benefits of solar energy -- including the rebate programs, tax benefits and the opportunity to earn energy credits -- he sees a smart investment with very attractive returns,'' said Quentin T. Kelly, Chairman of WorldWater & Power Corp.

New Jersey and California offer the highest rebates and incentives in the nation to residents who purchase solar energy systems. (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced the signing of a contract with the Borough of Hightstown in Central New Jersey to build two solar power systems on water facilities, subject to financing. One installation will serve a water treatment plant and public works garage, while the other will power a wastewater treatment facility. Construction value of the complete project is $4.9 million.

On signing the contract, Mayor Robert Patten of Hightstown said, "We are proud to offer our community clean power that saves money - from the first day through at least 10 years - by working with WorldWater & Power Corp. Our water utilities can be powered by the WorldWater solar systems with no capital outlay and with reduced annual electricity costs guaranteed. I am confident that WorldWater & Power Corporation will be a long term partner in assisting Hightstown to become more prosperous and efficient."

Under WorldWater's Alternative Clean Energy Service (ACES) plan, the Borough of Hightstown will purchase solar electricity from an external financial entity, arranged by WorldWater, at a rate that is guaranteed to be lower than the rate they would pay their conventional electric utility. WorldWater & Power will design, install and maintain the system. Solar power will automatically run in parallel with the public utility for seamless and improved reliability.

Quentin T. Kelly, Chairman of WorldWater & Power Corp. commented, "We're delighted to be working with the forward-looking officials in Hightstown. With the general rise in costs of government services, more and more New Jersey municipal and county governments are considering our solar electric systems as a logical, environmentally smart way to reduce operating costs and better serve their residents. In particular I congratulate Hightstown's Mayor, Robert Patten, and the Borough Council for their leadership in recognizing the added values of clean, economical solar power." (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced that it has signed a term sheet for up to $5.0 million in financing through the sale of convertible debentures lead by an existing institutional investor. Additionally, the existing institutional investor has agreed to exercise warrants which will result in the infusion of $1.9 million of additional funds into the Company. The debentures are comprised of two tranches, with up to $3.0 million to be funded upon closing of the debenture transaction and up to $2.0 million to be advanced upon satisfaction of certain conditions. The debentures are convertible into common stock of the Company at the lower of the 10-day volume weighted average price prior to closing or $0.40 per share. The debenture agreement is subject to completion of due diligence and definitive documentation. WorldWater & Power expects to close the $3.0 million tranche and receiving funding within ten business days.

"By providing additional financing to cover our growth requirements, an existing investment firm has shown its conviction in our technology and business model," commented Quentin T. Kelly, Chairman of WorldWater & Power Corp. "As we respond to the demands of the marketplace, we expect to see sequential growth which validates our unique applications, rapid response time, and dedication to customers seeking long-term solar solutions to their energy needs." (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced the signing of a contract with the Gerrard Berman Day School, Solomon Schechter of North Jersey (GBDS-SSNJ) located in the Bergen County community of Oakland. Under the terms of the agreement, GBDS-SSNJ will purchase solar generated electricity from a system provided by WorldWater & Power that will be installed on the school's roof. GBDS-SSNJ will not pay for the system or installation but rather commits to buying solar electricity from a third party financing entity for the next ten years at a discounted rate, 10% below their electric utility rate.

By accepting WorldWater's Alternative Clean Energy Services (ACES) plan, the school is guaranteed to save money over a 10-year period, as the solar electricity will provide approximately 50% of the school's power needs. At the end of the contract term, the school can buy the system at a discounted rate and save additional money. The school will remain connected to the electric grid and will receive power from the solar rooftop unit along with the electric utility. WorldWater & Power's technology will ensure automatic and seamless integration between both power sources. The construction value of this project is $850,000.

`We have received numerous inquiries about our ACES plan, and this contract represents the second award in just two weeks - following on the footsteps of St. Joseph's High School of the Palisades in West New York, N.J.,'' said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "Our ACES plan is definitely a 'win-win' for any New Jersey organization, particularly municipalities, schools or businesses with high power bills. The ACES plan allows organizations to benefit from solar savings over a long period of time, demonstrating that solar energy is a practical, cost-effective solution to today's high energy costs - costs which are expected to escalate.''

WorldWater & Power Corp. will design and maintain the solar energy system at the Gerrard Berman Day School. The installation partner for the project will be Clear Skies Group of West Hempstead, New York.

Ezra Green, CEO of Clear Skies Group, commented, "We're proud to be working with WorldWater. We know they are a quality driven team because we have collaborated with them in the past to bring other successful renewable energy projects to New Jersey.''

In New Jersey, customers of electrical utilities can generate their own on-site solar power and receive kilowatt-hour for kilowatt-hour "net metering'' credits for the power they return to the utility company. Many buildings in New Jersey are well suited for solar installations because they usually have large, flat roofs where solar panels can be installed to optimize solar energy collection - turning an empty area into a revenue-producing asset. With WorldWater & Power's ACES plan, the customer assumes no risks, no start-up costs and no membership fees. The ACES plan guarantees the customer savings from the first day of service and every day thereafter for a minimum of 10 years. At the end of that term, the customer has the option of continuing to buy solar power at a discounted rate or buying the solar system at a reduced price to reap even more savings on electric cost. (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced that Saint Joseph of the Palisades High School of West New York, N.J., part of the Archdiocese of Newark, has contracted with WorldWater to purchase electrical energy for 10 years generated by a solar electric system. The solar panel array will be installed on the school's roof. Under WorldWater's Alternative Clean Energy Services (ACES) plan, St. Joseph's will not incur any start-up costs for the installation and the school will receives a 10% discount on their cost for power compared to their electric rate. The installation of the solar energy system at the school guarantees that the school will save money on electric costs immediately and on a long-term basis. The construction value of the project is $1.3 million.

WorldWater & Power Corp. will design, install, own and maintain the solar energy system on St. Joseph's roof. The school will remain connected to the electric grid and will receive power from both the utility and its solar rooftop unit.

"We expect our solar power will offset approximately 50% of the school's electricity and they will be buying that solar power at a 10% discount below their utility rate. Over the next 10 years, they will save a significant dollar amount for the school to put to other beneficial uses,'' said Quentin T. Kelly, Chairman of WorldWater & Power Corp.

In New Jersey, customers of electrical utilities can generate their own on-site solar power and receive kilowatt-hour for kilowatt-hour "net metering'' credits for the power they return to the utility company. School buildings are particularly well suited for solar installations, because they usually have large, flat roofs and the solar panels used by WWPC can be installed to optimize solar energy collection -- turning an empty spot into a revenue producing asset. With WorldWater's ACES plan the customer assumes no risks, no start-up costs and no membership fees. The ACES plan guarantees the customer savings from the first day of service and every day thereafter for a minimum of 10 years. At the end of that term, the customer has the option of continuing to buy solar power at a discounted rate or buying the solar system at a reduced price to reap even more savings on electric cost. The ACES Plan allows customers to choose clean reliable solar energy instead of settling for traditional utility power and increasing utility rates.

St. Joseph of the Palisades High School is a parish owned Roman Catholic co-educational school with the mission of serving the spiritual, educational and social needs of students from the surrounding communities. Approximately 300 students, grades 9-12, are enrolled for the 2005-2006 academic year. Students participate in a rigorous college preparatory program, which has resulted in over 90% of graduates being accepted by colleges and universities. The school exceeds the graduation requirements of the Archdiocese of Newark and the State of New Jersey. Under the present administration, enrollment has increased by 35% in the high school over the past 3 years. During that time, several renovation projects have been completed to enhance the pool, student center, computer lab, auditorium, chapel, main office, library and conference rooms. (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced the signing of a contract with the Eagle Academy of Egg Harbor Township, New Jersey. The contract calls for WorldWater to provide engineering, materials and supervision to assist at-risk youths in building a solar powered water pump to supply drinking water and irrigation at a 14-acre arboretum preservation site in Egg Harbor Township. This project is being funded by a grant from the New Jersey Board of Public Utilities, which provides grants for solar energy projects in New Jersey.

Quentin T. Kelly, Chairman of WorldWater & Power Corp. commented on the signing. "These students will learn about solar power, gain valuable technical skills and help protect the environment with renewable energy through a team effort. New Jersey is fast becoming one of the solar energy capitals of the world. As noted earlier, WorldWater & Power recently signed a contract for a solar installation at the Liberty Science Center, the most visited science museum in New Jersey. Our industry will need more solar engineers and technicians, and the students at the Eagle Academy will get a valuable, practical education in solar electricity.''

In 1999, the Eagle Academy was founded by the Egg Harbor Township School District to serve the varied and unique needs of at risk youth, those falling through the cracks of the conventional educational system and dropping out of school. Since that time, the Academy has helped a large number of students graduate with a diploma. Much of this was accomplished with hands-on learning through community service projects.

Egg Harbor Township, a municipality in southern New Jersey, donated the site to the Egg Harbor Environmental Commission to provide open space for its 40,000 residents. In building the solar installation, Eagle Academy students will collaborate with the township's planning board, environmental commission, the Atlantic City Municipal Utilities Authority (ACMUA) and the New Jersey Department of Environmental Protection. The Arboretum Enhancement Project is funded through a grant form the Geraldine Dodge Foundation.

Cassandra Kling, Director of Business Development, Eastern U.S., stated, "We are so pleased to be able to partner with the school on this ambitious project. We look forward to helping the community with solar options, just as we do throughout New Jersey and the world.'' (Back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer and marketer of proprietary high-power solar systems, today announced the signing of a $295,301 contract to provide design, engineering and solar equipment for the Voorhees Township Public Schools in Voorhees, New Jersey. The primary contractor for the project is Ray Angelini, Inc. (RAI) of Sewell, New Jersey. Construction will begin immediately for the installation of photovoltaic panel array on the roof of the Voorhees Middle School on Hollyoak Drive. WorldWater's patented electronics will automatically control power delivery to the school and manage the net metering of surplus electricity back to the utility to earn renewable energy credits.

Quentin T. Kelly, Chairman of WorldWater & Power Corp. commented on the signing. "This is our first solar installation for a school in New Jersey. We are highly optimistic that more school boards will take advantage of the generous rebates from New Jersey's Clean Energy Program that pay for about 50% of the solar equipment and installation. In addition, the school will be earning energy credits currently valued at $0.22 per kilowatt-hour while showing the community that solar power is a clean, highly cost-effective alternative to skyrocketing energy costs.''

Chris Sherring, WorldWater's Project Manager, added, "School buildings are ideal candidates for solar installations. They usually have very large flat roofs that are not shaded by trees. Solar panel arrays are installed so they are non-penetrating to the roof structure and do not compromise waterproofing. The Voorhees' school will be generating solar power 'year round, but when it's closed during the hottest summer months, it will be earning very large renewable energy credits by sending solar generated electricity back to the utility company. This will sharply reduce their overall annual operating expenses.''

Camden County's Voorhees Township has had a population increase to more than 28,000 people over the past ten years. Median family income of the Township is one of the highest in South Jersey.

About Ray Angelini, Inc. (RAI):
RAI Contractors - Engineers is a New Jersey based firm that has been in business for more than 30 years. Licensed in New Jersey, Pennsylvania, and Delaware, RAI operates primarily in the tri-state area but has performed work as far West as Hawaii and in Europe in Germany and Portugal. RAI is made up of seven separate divisions designated as follows: General Construction/Design Build, Commercial Electrical Division, Industrial Electrical Division, Transit/Signaling/Heavy Rail Division, Communications/Data-com Division, TEGG/Energy Conservation & Maintenance Testing Division, Solar & Alternative Power Division. (back to top)

WorldWater & Power Corp. (OTC BB:WWAT.OB-News), developer of proprietary high-powered solar energy systems, today announced that it has obtained requisite financing and all applicable rebates for the solar electric system to be installed at Valley Car Wash, Inc. of Van Nuys, California.

Construction will begin within weeks on the $676,000 project. Located on Van Nuys Boulevard in the heart of the San Fernando Valley, the rooftop photovoltaic (PV) installation will substantially reduce the car wash's electrical costs. Valley recently received approval of a 42% rebate of the full installation cost by Southern