|
2004
NEWS July through December
December
10, 2004
WorldWater Unveils World's Largest Solar
Irrigation Pumping System
December 3, 2004
WorldWater & Power CEO Quentin T. Kelly
to Address Thieme Consulting's Small Cap Conference 2004 at Berlin
Stock Exchange
November 22, 2004
WorldWater Contracts to Install California's
First Solar Powered Pumping System for a Public Water Utility
November 16, 2004
WorldWater Reports Third Quarter Financial Results
October 25, 2004
Talking Stocks Updates its Report on
WorldWater & Power Corporation
October 22, 2004
WorldWater & Power Announces Successful
Completion of World's Largest Solar Powered Irrigation System
October 22, 2004
WorldWater & Power Corp. Announces Appointment
of Douglas L. Washington to Vice President of Marketing and International
Operations
October 20, 2004
WorldWater & Power Celebrates Dedication
of One Megawatt Solar Power System at Cerro Coso Community College
in California
October 15, 2004
WorldWater Strengthens Technology Portfolio
with Key Patent Filing to Enhance AquaMax Solar Power Pumps
October 14, 2004
Fifty Dollar Oil Helping Fund Alternative
Energy Projects
October 1, 2004
WorldWater & Power Forms Strategic Alliance
with Major India-Based Manufacturer of Water Pump Systems to
Take Solar Technology Worldwide
October 1, 2004
WorldWater & Power Presents Strategic
Goals and Accomplishments at New Jersey Technical Council Showcase
for Technology-Sector Growth Companies
September 29, 2004
WorldWater & Power to Present at
Southern California Investment Association Conference
September 27, 2004
WorldWater & Power Exercises First
Segment of Three-Part Stock Sale to Investment Bank in $1.19
Million Transaction
September 21, 2004
WorldWater & Power Corp. Hires Award-Winning
Solar Engineer Mark Pokryska
September 20, 2004
Alternative Energy Market Gaining Share
September 17, 2004
WorldWater & Power Announces Revenue
Guidance for 2004 And 2005
September 15, 2004
WorldWater & Power Adds Solar Veteran
Lawrence Slominski to Growing California Sales Team
September 14, 2004
WorldWater Corp. Changes Operating Name
to WorldWater & Power Corp.
September 13, 2004
WorldWater Chairman Reports Vibrant Revenue Growth
to Shareholders at Annual Meeting, Validating Company Strategy
September 13, 2004
US Department of Energy Funds Solar Program
September 13, 2004
WorldWater Corp. Contracts with Quinault
Indian Nation for Renewable Energy Project
September 10, 2004
WorldWater Corp. to Hold Annual
Shareholder Meeting at 3pm EST Today in New Jersey
September 9, 2004
WorldWater Corp. Names Cassandra Kling Director
of Business Development for Eastern U.S.
September 7, 2004
Financial Incentives Boost Solar Applications
September 4, 2004
WorldWater Corp. Executes $2 Million Contract
for World's Largest Solar-Powered Irrigation System
August 30, 2004
WorldWater Corp. Announces Strategic
Initiatives
August 26, 2004
Roiled by Oil: How Stock Markets Spent Their Summer Vacation
August 21, 2004
New Growth Seen in Alternative Energy Markets
August 20, 2004
WorldWater Reports Record Revenue of $3.3 Million
for Second Quarter 2004
July 13, 2004
WorldWater Vice President Speaks at National
Solar Conference |
|
| WorldWater & Power
Corp. Announces Breakthrough Milestones Of 2004 Company Revenues
Rise More Than 300 Per Cent During Year |
| PENNINGTON,
NJ, January 26/PRIMEZONE/ |
WorldWater & Power Corporation (OTC
BB:WWAT.OB - News), announced today the Company's
most significant accomplishments and milestones achieved during
2004. The company registered a revenue increase in excess of
300 per cent over 2003 results, from $1.28 million to more than
$5.6 million, it was stated by Quentin T. Kelly, Chairman and
CEO.
ADVERTISEMENTInstallation of world's largest solar powered irrigation
system - WorldWater & Power installed a 200 hp solar-powered
irrigation system at a commercial citrus ranch in California.
WorldWater's proprietary AquaMax solar drive powers the
$2 million dollar water pumping installation, which is the largest
solar-driven irrigation system in the world. The state-of-the-art
solar irrigation system at the 400-acre Seley Red Grapefruit
Ranch ``will contribute to cleaner air and more efficient use
of water resources,'' Quentin T. Kelly, WorldWater's Chairman
and CEO, said at the commissioning ceremony in Borrego Springs,
CA. ``Seley Ranches is an example.... of the wise use of our
limited natural resources,'' Mr. Kelly told the audience of California
political, environmental and agricultural dignitaries.
Exclusive equipment supplier for world's largest community college
photovoltaic installation - For the massive one megawatt PV system
installation at Cerro Coso Community College in Ridgecrest, California,
WorldWater completed on-schedule delivery of more than 6000 solar
modules, inverters and distribution equipment for the project,
the largest PV installation ever implemented on any community college
campus. It is expected to generate 60 percent of the college's
electricity requirements and, according to college officials, will
save the college more than $300,000 in annual electricity costs.
California's first solar powered pumping system for a public water
utility - WorldWater finalized a contract to install a 57 hp solar-powered
pumping system in Idyllwild, California. The WorldWater system
will power one of Idyllwild's basic water delivery systems, and
is expected to save the Water District approximately 70 percent
of electrical costs on the meter system where it will be installed.
Half of the $309,000 cost will be reimbursed to the Idyllwild Water
District by Southern California Edison under the California rebate
plan. There are 440 public water utilities and districts in California.
Major energy grant award - WorldWater was awarded a NYSERDA (New
York State Energy Research and Development Authority) grant of
$377,500 from 1st Rochdale Cooperative Group Ltd. of New York City,
the nation's first urban electricity cooperative. WorldWater will
work with 1st Rochdale in developing solar projects in New York.
The effort ``is expected to bring cost effective solar power solutions
to thousands of customers,'' said Dr. Anand Rangarajan, Executive
Vice President of WorldWater & Power.
Change of operating name - In September, Chairman and CEO Quentin
T. Kelly announced a new operating name, WorldWater & Power
Corporation. The new name, said Kelly, ``conveys a more accurate
picture of what we deliver to our customers. In addition to water
engineering, our company provides power to drive 600 hp motors
and pumps with our proprietary solar technology.''
Opening of Eastern Sales office and Western headquarters office
- WorldWater opened a new Eastern Sales office at its headquarters
in Pennington and a new Western headquarters office in Foster City,
near San Francisco. The new offices will help to provide better
services for the company's growing business in New Jersey and New
York, and for California and other Western states.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com. |
|
| WorldWater
Unveils World's Largest Solar Irrigation Pumping System AquaMax
System Powers 200 HP Pump at California Citrus Ranch |
| PENNINGTON,
NJ, December 10/PRIMEZONE/ |
WorldWater & Power Corporation (OTC
BB:WWAT.OB - News), maker of solar energy systems,
today unveiled the world's largest solar-powered irrigation pumping
system during a commissioning ceremony at Seley Ranches, Borrego
Springs, CA.
Attending the event were California Public Utility Commissioner
Carl Wood, Eric Larsen, President of the San Diego Farm Bureau,
Quentin T. Kelly, WorldWater's Chairman and CEO, and officials
of San Diego Gas & Electric (SDGE) and the San Diego Regional
Energy Office (SDREO).
“Seley Ranches is leading the way by installing a state-of-the-art
solar irrigation system, which will contribute to cleaner air and
more efficient use of water resources,” said WorldWater's
Mr. Kelly. “This is consistent with Seley Ranches' forward
thinking on issues such as use of organic farming methods and integrated
pest management. Seley Ranches is an example to others in the farming
community of the wise use of our limited natural resources.”
WorldWater's proprietary and patented AquaMax system drives
a 200 horsepower pumping system at the Seley Ranches facility.
The 267 kW system is grid-connected, and can operate independently
from the solar array, from the electrical grid, or from both sources
if necessary. This also allows the system to “net meter,” that
is, return excess solar electricity to the utility for credit if
it is not required in the field.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com. |
|
| WorldWater & Power
CEO Quentin T. Kelly to Address Thieme Consulting's Small Cap Conference
2004 at Berlin Stock Exchange |
| PENNINGTON,
NJ, December 3/BUSINESS WIRE/ |
WorldWater & Power Corporation (OTC
BB:WWAT.OB - News), maker of high-horsepower solar
energy systems, has announced that Company Chairman and CEO Quentin
T. Kelly will address investors at Thieme Consulting's Third
Annual Small Cap Conference 2004 at the Berlin Stock Exchange
on Dec. 4, 2004. The conference is sponsored by the American
financial firm Thieme Consulting Inc., based in Germany and New
York.
Mr. Kelly will speak on WorldWater & Power's business plan
and its proprietary solar technology. That patented technology
(called "AquaMax(TM)"), which enables the company to
operate motors and pumps up to 600 hp by solar power alone or
in combination with the electric grid or diesel generators, has
helped drive the company's rapid growth from revenues of $644,000
in 2002 and $1.2 million in 2003 to more than $6 million to date
in 2004.
WorldWater & Power Corporation, a full service solar engineering
and water management company, is the only company in the world
with the capability of harnessing this level of power from the
sun to drive pumps and motors of this magnitude. The company's
systems can also generate electricity to send back to the grid
for credit or to supplant the grid in case of power interruption.
WorldWater & Power has recently completed the installation
of the world's largest solar-driven irrigation system, employing
the AquaMax(TM) to power a 200-horsepower pump on a California
citrus ranch. Earlier this year, it completed supply of One Megawatt
of solar equipment to Cerro Cosa College in California, the largest
solar installation of any community college in the U.S., generating
an estimated 60% of the college's electricity requirements and,
according to college officials, saving more than $300,000 per year
in electricity costs.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax(TM) solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| WorldWater
Contracts to Install California’s First Solar Powered Pumping
System for a Public Water Utility Company’s AquaMax to
Drive Pumps for Idyllwild Water District |
| PENNINGTON,
NJ, November 22/BUSINESS WIRE/ |
WorldWater & Power Corporation (OTC
BB:WWAT.OB - News), maker of high-horsepower solar
energy systems, has finalized a contract to install a 57-horsepower
solar-powered pumping system at the Idyllwild Water District,
in Idyllwild, California. It is the first use of large solar
pumps by a water utility and the first use of WorldWater's AquaMax for
this purpose, according to Quentin T. Kelly, WorldWater Chairman
and CEO.
WorldWater, a full service provider of solar power solutions,
will handle all aspects of installation of the $309,000 system.
Half of that cost will be reimbursed to the Idyllwild Water District
by Southern California Edison under the California rebate plan,
which encourages use of solar and other renewable energy sources
in the state. The contract is subject to an environmental review
under the California Environmental Quality Act.
There are 450 public water districts and utilities in California
to which WorldWater is proposing use of its proprietary solar powered
AquaMax(TM) to replace use of diesel pumps and to reduce use of
grid electric pumps, in order to address the state's air quality
problems and high electricity costs.
"We are very pleased to be partnering with WorldWater on
this project," said Terry Lyons, General Manager of the Idyllwild
Water District. "In addition to providing electrical power
to overcome power brown-outs, WorldWater's solar technology will
enable Idyllwild to be the first water district to use solar power
to operate its major wells and booster pumps, while providing additional
cost savings and environmental benefits to our mountain community."
The WorldWater solar system will power one of Idyllwild's basic
water delivery systems. It is anticipated to save the Water District
approximately 70 percent of electrical costs on the meter system
where it will be installed. The WorldWater system and products
will provide all of the environmental advantages associated with
clean solar power, and will serve as a backup source of electricity
in the event of black- or brown-outs from the regional electrical
supply grid.
"This is a breakthrough for clean energy use by the water
utility companies -- it provides them the added value of backup
power as well as saving significant amounts of money on their electric
costs. Our solar power system will provide an important solution
to the problems of grid power service and price fluctuations that
all utilities in California face," said Mr. Kelly. "The
fact that our AquaMax(TM) is capable of driving systems up 600-horsepower
means that we can provide solar power solutions to nearly every
water utility, no matter how large."
Work on the Idyllwild project will begin immediately following
successful conclusion of the environmental study. Idyllwild is
located in the San Jacinto Mountains between Los Angeles and Palm
Springs, CA.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| WorldWater
Reports Third Quarter Financial Results Nine Month Revenue
Jumps 245% |
| PENNINGTON, NJ, November
16/BUSINESS WIRE/ |
WorldWater & Power Corporation (OTC
BB:WWAT.OB - News), maker of high-horsepower solar
energy systems, today announced financial results for its third
quarter and the nine months ended September 30, 2004.
Revenue for the quarter ended September 30, 2004 was $61,040,
compared to $76,817 in revenue for the quarter ended September
30, 2003. Revenue for the nine-month period ended September 30,
2004 was $4,217,514, compared to $1,224,078 for the comparable
period in 2003, an increase of 245%. The Company sustained a
net loss of $2,262,016 for the quarter ended Sept. 30, 2004,
compared to a net loss of $1,232,707 for the same quarter last
year.
For the nine months ended Sept. 30, 2004 and 2003, the Company
has incurred a net loss of $5,861,209 and $2,848,113, respectively.
The company started and completed the engineering and essential
construction phases of the $2 million Seley Citrus Ranch project
in California in the third quarter but could not recognize any
portion of that sum as revenue because the company's completed
contract revenue recognition accounting policy only allows booking
of revenues upon project completion, stated Quentin T. Kelly, WorldWater
Chairman and CEO. That serving utility, San Diego Gas & Electric,
has now notified Seley that the project is authorized to interconnect
with the electric grid, thus achieving the accounting milestone
required to record the revenue in the fourth quarter.
"The Company has generated record revenue this year, as evidenced
by the significant increase in the year-to-date results," said
Mr. Kelly. "We have now put into place several important solar
power projects that have demonstrated the commercial viability
of our solar power products and services, and are beginning to
realize the market potential of our proprietary technologies."
As noted above, WorldWater recorded modest revenues in the quarter
ended September 30, 2004, a result of the Company's conservative
completed contract revenue recognition accounting policy. WorldWater
booked the majority of its nine-month 2004 revenue in the second
quarter, and expects to show another significant increase in the
fourth quarter ending December 31, 2004.
In addition to not reporting any Seley project revenues in the
third quarter, the Company recorded an anticipated loss of $394,000,
attributable to a valuation guarantee of Renewable Energy Credits
(REC's) to be generated by the Seley Ranch project. The REC market
in the state of California is evolving now and is not yet well
established and liquid. In other states, including New Jersey,
the RECmarket is trading as high as $0.175 per Kilowatt hour.
In a separate announcement, the Company declared that because
of its revenue growth in 2004 and its expected continued growth
in 2005, WorldWater has determined at this time not to exercise
its call on an additional $3.64 million option available from investment
bank SBI USA. The Company has now drawn down two full tranches
of its original equity option from SBI USA totaling $2.3 million.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
Talking
Stocks Updates its Report on WorldWater & Power Corporation
WorldWater & Power Corporation Confirms the Completion
of Two Major Solar Installations |
| DALLAS, Oct. 25, 2004 (PRIMEZONE) |
TalkingStocks.com, a leading online destination
for small-cap investors, has updated its report on WorldWater & Power
Corporation (OTC
BB:WWAT.OB - News), a world leading producer of patented,
high-power solar energy applications. In the report, Jeff Bishop,
a Senior Analyst for Talkingstocks.com, reiterates his ``Long Term
Accumulate'' recommendation and positive outlook for the stock.
In the report he makes the following statements regarding WorldWater:
``The company's news releases in just the last week -- on Friday,
October 22 and on Wednesday, October 20 -- stated that WorldWater
has completed two major projects: the 200 HP irrigation pumping
system at the Seley citrus ranch, by far the largest solar irrigation
system in the world; and the Cerro Coso Community College 1 megawatt
photovoltaic (PV) project. While this news may not receive much
attention from the general market, they mark significant milestones
that deserve to be noted. These are not simply more projects for
the firm, but important demonstrations that the company's technology
performs exactly as promised.''
Bishop continues, ``For those unfamiliar with the Cerro Coso
project, it generates a full 1 megawatt (Mw) of electricity making
it one of the largest PV installations in the entire world. This
is far beyond the energy capability of the few solar panels that
are placed on residential homes to produce power. This is a landmark
project for the company and demonstrates to the entire world
that WorldWater is prepared to do big things. Many companies
create novel ideas that get a few headlines. Some even convince
investors to fund research for the idea. Very few companies are
able to take a truly innovative product all the way from start
to finish; that is, from idea to development to the market. What
investors need to realize about WorldWater is that it has a revolutionary
product and that it does perform as promised. Once the market
sees how well projects like the Seley solar irrigation system
and Cerro Coso operate, we believe that WorldWater will have
a difficult time meeting demand for its installations.''
The report may be viewed in its entirety by visiting TalkingStocks.com,
or by clicking the link below:
http://www.talkingstocks.com/reports/WWAT_102504.php
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| WorldWater & Power
Announces Successful Completion of World's Largest Solar Powered
Irrigation System
— Company's Proprietary AquaMax Motors Drive 200 Horsepower
Pumping System at California Citrus Ranch |
| PENNINGTON, NJ, October
22/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News), maker of high-horsepower solar
energy systems, has announced the successful installation of
a 200 horsepower solar-powered irrigation system at a commercial
citrus ranch in California. The announcement was made by Quentin
T. Kelly, WorldWater Chairman and CEO.
WorldWater's proprietary AquaMax solar-driven motors are
powering the $2 million dollar water pumping installation in
California's San Diego County. It is the largest solar-driven
irrigation system in the world.
"This project is the latest in a series of successful implementations
of our AquaMax technology and our engineering and design
services that are demonstrating the viability of our solar power
solutions in large-scale commercial agriculture and other high
power applications," said Mr. Kelly. "Our ability to
design and install this irrigation system on schedule and within
budget is also a great endorsement of the practicality and cost-effectiveness
of WorldWater's products and our engineering services."
Completion of the irrigation project comes just days after the
Oct. 8 formal dedication of another major solar system built with
WorldWater's proprietary technology: a one megawatt, $8.9 million
installation at the Cerro Coso Community College, expected to generate
60% of the school's electricity requirements.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
WorldWater & Power
Corp. Announces Appointment of Douglas L. Washington to Vice President
of Marketing and International Operations
Former Johnson & Johnson Executive
Brings Extensive Background in Domestic and International Marketing
and Business Development
|
| PENNINGTON, NJ, October
22/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) maker of solar energy systems,
has announced the appointment of Douglas L. Washington to the
position of Vice President of Marketing and International Operations.
The announcement was made by Quentin T. Kelly, WorldWater Chairman
and CEO.
As Vice President of Marketing and International Operations,
Mr. Washington's responsibilities will include directing the
preparation of new domestic marketing approaches for the Sales
department and assisting sales in the identification and acquisition
of new business opportunities. He will also help develop special
projects in the U.S. market to take advantage of WorldWater's
proprietary AquaMax motor-drive technology to supply power
for supermarkets, office and apartment buildings, industrial
power, schools, state activities and commercial business.
Internationally, Mr. Washington will help develop business in
those countries where WorldWater currently has activities, including
the Philippines, as well as new potential markets in Iraq and Africa.
Prior to joining WorldWater, Mr. Washington spent several years
at Johnson & Johnson, where he served as Worldwide Director
of New Business Development, Consumer Sector, and Director of Business
Development, Advanced Materials Company. He developed business
opportunities with a variety of governmental, educational and other
research institutions in the United States and in countries in
Asia, Africa and elsewhere.
Later, he worked as a private consultant, specializing in biotechnology
and consumer water programs. Mr. Washington had been working on
a consulting basis for WorldWater for several months prior to joining
the company full time.
"Doug has repeatedly demonstrated his astute, thorough approach
to marketing management," said Mr. Kelly. "During his
years with Johnson & Johnson, he established a breadth of knowledge
fitting very closely with WorldWater's activities. He is quite
familiar with the African and Philippine markets in particular,
not just with water issues but business culture and performance
overall, including both private and government sectors."
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
WorldWater & Power
Celebrates Dedication of One Megawatt Solar Power System at Cerro
Coso Community College in California
Southern California Edison Actuates System — College
Estimates Up to 60 Percent of its Electricity will be Supplied
by Solar System |
| PENNINGTON, NJ, October
20/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) maker of solar energy systems,
is sharing in the dedication of one of America's largest solar
power projects, a 1 megawatt system at Cerro Coso Community College
in Ridgecrest, California. WorldWater supplied the solar equipment
for the $8.9 million construction project.
The system was formally dedicated by President Sharon K. Dyer
and other officials of the College. Also in attendance were State
and local government representatives and officials of Southern
California Edison, Contra Costa Electric -- which served as the
project's prime contractor -- and Sharp Electronics, which manufactured
the panel segment of the solar equipment supplied by WorldWater.
Dr. Chris Sherring, WorldWater Vice President of Operations,
represented WorldWater.
The photovoltaic system -- the largest ever installed on any community
college campus -- is expected to both reduce the institution's
power needs and provide approximately 60% of the school's electrical
needs. The college expects saving a minimum of $300,000 per year
in electric bills, which savings will be directed toward academics.
WorldWater provided several million dollars' worth of components
on schedule during the several months of the building phase.
“The dedication of the Cerro Coso Community College system
is much more than a symbolic achievement for WorldWater & Power,” said
Quentin T. Kelly, WorldWater Chairman and CEO. “We are proud
that our work on this ambitious solar energy system has contributed
to this successful conclusion, on schedule and within budget.”
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| WorldWater
Strengthens Technology Portfolio with Key Patent Filing to Enhance
AquaMax Solar Power Pumps — "No-Load Motor Cutoff" Solution
Can be Implemented Even in Non-Solar AC Pumping Systems; Technology
Licensing Possible |
| PENNINGTON,
NJ, October 15/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) maker of solar energy systems,
has filed for a patent with the U.S. Patent Office that enables
its proprietary AquaMax pumping systems to automatically
shut down in low-water and low-load conditions, preventing motor
damage. The announcement was made by Quentin T. Kelly, WorldWater
Chairman and CEO.
The "No-Load Motor Cutoff" technology is a key enhancement
to WorldWater's AquaMax solar powered pumping systems.
It enables the immediate shutdown of the pumping motor in situations
where the water level falls below the pump motor's water intake,
stopping the flow of water through the pump system.
In such zero-flow -- also referred to as "no-load" --
situations, the pump motors can start to run at dangerously high
speeds, leading to overheating and motor burn-out. Water levels
can drop below operational levels for a variety of common reasons,
including seasonal variations in water supply, or through over-pumping
-- situations where pumps extract water from wells or other water
supplies faster than it is replaced.
All submersible AC electric pump motors -- whether solar or conventionally
powered -- must be equipped to shut down in response to no-load
situations to avoid serious damage. WorldWater's no-load technology
can be readily adapted for any AC motors.
WorldWater's cutoff switch solution works by electronically comparing
motor speed and power consumption to detect no-load conditions
and trigger safety shut-downs. It performs more reliably and cost
effectively than previous motor cutoff methods, such as traditional
electro-mechanical float-switch systems, according to Mr. Kelly.
WorldWater may license the technology to conventional pump and
motor control manufacturers.
"The no-load motor cutoff method is another important step
in our ability to provide value for customers of our AquaMax solar
powered pumping systems," said Mr. Kelly.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| Fifty
Dollar Oil Helping Fund Alternative Energy Projects |
| TORONTO, October
14/BUSINESS WIRE/ |
AXcess News/SP (www.axcessnews.com)
released a story about alternative energy projects getting a boost
from higher energy prices. With Oil trading in the $50 range, more
alternative energy projects are being funded worldwide. Many of
these projects were not feasible when oil was trading in the $30
range, but as it passed $40 a barrel, wind projects started to
make sense and with oil now over fifty, solar projects are beginning
to appear in greater numbers.
Add tax incentives, rebates and grants, and it becomes more
understandable as to why these alternative energy projects are
on the rise.
UK energy minister Mike O'Brien announced that 17 new solar power
projects throughout the UK were chosen for funding worth £1.4
million, out of total Government funding of £40 million.
"Solar power could become one of the main renewable energy
sources for future decades," said O'Brien.
O'Brien went on to say, "This latest round of successful
applications is proof of its growing appeal throughout the country.
These projects will help take us a step closer to achieving our
renewable energy target of 10% of electricity by 2010 and into
the decades beyond."
Honeywell and Cathedral City, Calif. announced a $2.7 million
Energy Savings Performance Contract for building and energy efficiency
improvements that will help reduce the city's annual operating
costs by 33 percent.
In Vermont, Governor James Douglas said his administration had
funded over $1 million in renewable energy projects over the last
two years but that $143,000 in renewable energy incentives was
still available. Governor Douglas said Vermont aided 200 projects
in total.
In Benson, Arizona, the Sulphur Springs Valley Electric Cooperative
members may soon be eligible to receive reimbursements, provided
they utilize solar.
Under terms of the program, home and business owners would be
reimbursed $4 per watt with a 2,000 watt maximum set per household,
5,000 for small businesses, for a maximum of $8,000 for homeowners,
or half the cost of installation for the solar/photovoltaic or
PV unit.
Pennington, New Jersey-based WorldWater & Power Corporation
(OTC
BB:WWAT.OB - News) renegotiated $800,000 in loans from
HIT Credit Union and Hong Kong League Central Credit Union into
a $1 million line of credit, reducing interest from 18% to 15%
while extending its term to October 2005.
WorldWater has been aggressively promoting its products at conferences
across the country since beefing its staff last month when regional
manager Lawrence Slominski and solar engineer Mark Pokryska joined
the company.
With Slominski pushing more sales, WorldWater's improved financing
terms should come in handy in California where community energy
programs are being explored by municipalities, schools and private
enterprise. The company already has the largest agricultural solar
pumping project under way in that state and had completed an alternative
energy project for a community college there, saving the school
60% in annual energy costs.
Shares of WorldWater were unchanged Wednesday, closing at $.235
on light volume of 230,415 shares. Honeywell closed down 22 cents
at $35.12 on light volume of 2,651,700. The companies’ 90-day
average daily trading volumes were reported to be (WWAT) 412,727
and (HON) 3,125,000 shares.
Evergreen Solar, a competitor to WorldWater, closed down 7 cents
at $3.23. Evergreen said last Thursday vice president of strategic
planning, Mark Farber, resigned from the board but would remain
in his capacity as vp.
Energy Conversion Devices, Inc. got a boost, closing up $2.27,
or 14.07%, to end the session at $18.40 after the U.S. Senate cleared
the way for the passage of a favorable tax bill announced Monday.
Energy Conversion's shares have climbed steadily from Monday's
opening price of $14.80. Over 1,342,290 shares were traded Wednesday
with the 90-day average daily trading volume reported to be 129,181
shares.
More news on the investment horizon for the alternative energy
sector can be found at AXcess News: http://www.axcessnews.com.
This is an excerpt from the complete story.
About AXcess News:
Dubbed the "Yahoo! of small cap business news" by Gordon
Borrell, one of America's leading media and research gurus, AXcess
News is fast becoming a known commodity for both the serious investor
and people in general looking for informed articles and insightful
columns. http://www.axcessnews.com |
|
| WorldWater & Power
Forms Strategic Alliance with Major India-Based Manufacturer of Water
Pump Systems to Take Solar Technology Worldwide — Collaboration
with Kirloskar Brothers Ltd. Established to Develop Irrigation and
Other Water Management Systems to Aid Rural and Urban Poor |
| PENNINGTON,
NJ, October 5/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) a maker of high-horsepower solar
energy systems, has established a strategic alliance with Kirloskar
Brothers Ltd., a major Indian pump manufacturer, to develop water
management systems to provide improved water and power supplies
for rural and urban poor around the world.
Under the five-year pact, WorldWater and Kirloskar will develop
projects that combine WorldWater's proprietary solar power technology
with Kirloskar's broad range of pump and motor products. As outlined
in a Memorandum of Understanding (MOU) signed by both companies,
the partnership will help both companies meet their common objectives
of bringing sustainable agricultural development and improvement
of living and working conditions for rural and urban poor.
The MOU outlines broadly how the companies will work to use solar
power to bring clean water, irrigation and dependable power supplies
to people in developing and war-torn nations, where public infrastructure
is inadequate or damaged. Iraq and Afghanistan are among the many
developing countries where Kirloskar has implemented sales of its
products.
"Kirloskar brings a wealth of experience and longstanding
business relationships in markets worldwide. This strategic alliance
will enable us to employ our AquaMax products and other solar
technology in markets we would not otherwise reach," said
Quentin T. Kelly, CEO of WorldWater.
R.K. Srivastava, Whole Time Director of Kirloskar Brothers Ltd.,
said, "WorldWater's solar technology is a strong complement
for our pumping products. Working together, we believe we will
be able to make a significant difference for a great many people
who desperately need improved water and power supplies."
About Kirloskar Brothers Ltd.
Kirloskar Brothers is a division of the Kirloskar Group,
a $600 million engineering conglomerate, with businesses in
manufacturing, agriculture and other areas. Kirloskar Brothers
is one of India's largest manufacturers of pumps, engineered
electrical and pumping systems, products and related engineering
services and management. They conduct business around the world,
exporting products and services to 70 countries, including
the United States. The company has been in operation for more
than a century, has offices on every continent, and is one
of India's largest employers.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| WorldWater & Power
Presents Strategic Goals and Accomplishments at New Jersey Technical
Council Showcase for Technology-Sector Growth Companies — Solar
Power Company's CFO Delivers Detailed Overview to Gathering of Investment
Community |
| PENNINGTON, NJ, October
1/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) a maker of high-horsepower solar
energy systems, was a featured presenter today at the New Jersey
Technical Council's Growth Company Showcase, the company has
announced. The presentation, by WorldWater CFO James Brown, included
a detailed overview of the burgeoning solar power marketplace,
and described the impact and opportunity of WorldWater's proprietary
products, technology and services in the solar market.
The New Jersey Technical Council's (NJTC) Growth Company Showcase
is an annual event established to enhance long-term interaction
and cooperation between technology companies and members of the
investment community. The conference showcased many of the region's
most prestigious public and private companies and attracted an
audience of fund managers, investment bankers, stock analysts,
venture capitalists, business writers and other investment professionals.
Mr. Brown's address today summarized WorldWater's annual double-digit
sales growth during the last three years. He discussed challenges
and opportunities for the future, as well as several of WorldWater's
recent important milestones and achievements, including successful
sales and implementations of the Company's patented AquaMax(TM)
and other solar power products. Among the Company's solar projects
noted: a 200-horsepower irrigation system at a California citrus
ranch, a 350-horsepower system for a hydracooler at a food processing
facility, and a net metering system expected to generate up to
60% of electricity needs for a community college campus.
Mr. Brown's presentation also included WorldWater's strategic
marketing initiatives and alliances for the coming year, including
the growth of both core competencies and expansion into new markets.
About New Jersey Technology Council
The New Jersey Technology Council provides business support, networking
opportunities, information, advocacy and recognition of technology
companies and their leaders. Founded in 1996, NJTC's 1,200-plus
member companies work together to support their own enterprises
while advancing New Jersey's status as a leading technology center
in the United States.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| WorldWater & Power
to Present at Southern California Investment Association Conference — Investment
Community to Receive Update On New Developments In Company's Solar
Products and Technology |
| PENNINGTON, NJ, September
29/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) announced today that the Company
will be presenting at the Southern California Investment Association
(SCIA) Conference Oct. 2, in Newport Beach, Ca.
SCIA holds regular forums as part of its mission to facilitate
stock support and capital formation for select companies. The
organization is a national alliance of more than 200 firms and
investment professionals, including NASD member firms, investment
bankers, investment advisors, analysts, capital formation services,
investor relations, industry consultants, securities attorneys,
media and accredited investors. The organization's goal is to
assist its member network and to build exposure and support for
small-to-medium listed and emerging-growth companies by providing
a bimonthly forum. The SCIA forums showcase cutting-edge national
and international presenting companies.
"We are pleased to present the WorldWater & Power story
to the Southern California investment community as well as the
investment community at large," said Chairman and CEO Quentin
T. Kelly. "We look forward to reporting on some of WorldWater's
important successes and milestones during the past year, which
include the implementation of several notable solar systems based
on our proprietary AquaMax(TM) motors, in a variety of agricultural,
industrial and commercial applications. We'll discuss the various
ways we have strengthened our core competencies, as well as some
of the new strategic partnerships we've formed with manufacturers
and other organizations around the world."
For more information about the SCIA or its conferences, visit
their website at www.sciaonline.org.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| WorldWater & Power
Exercises First Segment of Three-Part Stock Sale to Investment Bank
in $1.19 Million Transaction
— Common Stock Purchase Commitment Worth Additional $2.45 Million |
| PENNINGTON, NJ, September
27/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) providing the next generation of
cutting-edge patented high-power solar energy technology with
diverse commercial applications in a broad range of industries,
announced today that it has drawn down the first tranche totaling
$1.19 million in a multi-stage agreement with an investment bank.
The investment banking firm SBI-USA has committed to purchase
at least three tranches of common stock from WorldWater, subject
to certain conditions of timing and other standard contractual
matters. The second and third stock tranches would bring WorldWater
an additional $2.45 million.
SBI has also made available to the Company a call on an additional
$3.64 million at WorldWater's option, for a total of $7.28 million
in potential funding, according to Chairman and CEO Quentin T.
Kelly.
"This infusion of capital enables us to continue supporting
our rapid growth," said Mr. Kelly. WorldWater's revenues have
climbed from $643,000 in 2002 to $1.28 million in 2003 to $4.1
million in the first six months of 2004, and the Company is now
completing installation of a $2 million solar irrigation project
in California, he said.
About SBI-USA LLC:
Based in Irvine, CA, SBI-USA is a full-service investment
banking firm committed to providing financing solutions for
emerging growth companies in the United States and Asia. SBI-USA
is a division of First Securities USA, Inc., member NASD/SIPC.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| WorldWater & Power
Corp. Hires Award-Winning Solar Engineer Mark Pokryska
— Veteran Aerospace Engineer Designed Solar Array for Mars
Mission |
| PENNINGTON,
NJ, September 21/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) providing the next generation of
cutting-edge patented high-power solar energy technology with
diverse commercial applications in a broad range of industries,
announced that it has signed award-winning solar power engineer
Mark Pokryska as Project Manager.
Pokryska comes to WorldWater from Lockheed Martin's Commercial
Space Systems Company where he worked in the Systems Engineering
Group. Among his groundbreaking work and accomplishments as a
top engineer there were his contributions to the design of solar
power systems for use in outer space exploration.
Mr. Pokryska brings nearly twenty years of experience in solar
energy design and project management to WorldWater, with a specialization
in photovoltaic (PV) power generation. He was the lead Solar Array
Design Engineer for Lockheed Martin on NASA's Mars Observer program.
The solar array design of this spacecraft represented the first
time solar technology was used for power on a Mars mission. His
work on the project won him both Individual and Group Achievement
commendations from NASA.
"There are few engineers in America with Mark's depth of
knowledge and capabilities in advanced solar technology," said
Quentin T. Kelly, WorldWater's Chairman and CEO. "His stellar
career and unique experience designing mission-critical solar power
systems will enhance WorldWater's ability to implement robust and
inventive energy solutions for our customers around the world.
We are privileged to have him join our organization."
A graduate of New Mexico State University, Mr. Pokryska's work
in solar began at the New Mexico Solar Energy Institute, where
he also gained valuable experience in the solar thermal, wind and
biomass renewable energy fields. He has published several articles
on PV research and development and his expertise includes the ability
to test, analyze and evaluate the technical problems associated
with solar and other renewable energy systems.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| Alternative
Energy Market Gaining Share |
| New York, NY, September
20/MARKET WIRE/ |
AXcess News (www.axcessnews.com)
released a story covering a string of events last week that fueled
new interest in alternative energy stocks. Last week saw the creation
of an alternative energy stock index, the government supporting
the export of nuclear technology to India and the Middle East Policy
Council examining the current state of the oil market with uncertainty.
As crude oil prices continue to show no signs of relief in an
already nervous energy investment sector, the Middle East Policy
Council released a statement Friday saying that future oil market
costs were unpredictable.
James Placke of Cambridge Energy Resources was quoted in an AXcess
News story Friday as saying, "Saudi Arabia wants the oil price
to remain low enough so that consuming nations do not seek alternatives
to oil as their principal source of energy."
Friday also ushered in news on WorldWater & Power's (OTC BB:WWAT.OB
- News) 2004 revenue forecast. WWAT forecast revenue in excess
of $6 million for the year, a 400% increase over 2003 figures.
Quentin T. Kelly, WorldWater Chairman and CEO said in a statement, "It
should be clear to the investment community that WorldWater & Power
is a company experiencing extraordinary growth with year-over-year
revenue numbers in the triple digits."
Kelly lauded over those figures crediting management for being "highly
proactive in aggressively laying the groundwork" for revenue
growth in 2005.
WorldWater & Power (OTC
BB:WWAT.OB - News) closed Friday at $.245, up .017
cents or 7.46% on volume of 261,989 shares.
Not all the alternative energy stocks proved to end the week up
as strong. Fuelcell Energy closed down 15 cents at $10.62, Plug
Power, Inc. closed down 23 cents at $5.96, Ultralife Battery closed
down 67 cents at $15.28 and Evergreen Solar, a competitor of WorldWater,
closed down .049 cents at $2.73.
More news on the investment horizon for the alternative energy
sector canbe found at AXcess News: http://www.axcessnews.com.
This is an excerpt from the complete story.
About AXcess News:
Dubbed the "Yahoo! of small cap business news" by
Gordon Borrell, one of America's leading media and research
gurus, AXcess News is fast becoming a known commodity for both
the serious investor and people in general looking for informed
articles and insightful columns. http://www.www.axcessnews.com |
|
| WorldWater & Power
Announces Revenue Guidance for 2004 And 2005 — Forecast Calls
for Minimum 2004 Revenues of $6 Million Representing 400%+ Increase
Over 2003 |
| PENNINGTON, NJ, September
17/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) capitalizing on worldwide demand
for next-generation solar power through the provision of cutting-edge
patented high-power solar energy technology, today announced
revenue guidance for the twelve-month periods ending 2004 and
2005. The announcement was made by Quentin T. Kelly, WorldWater
Chairman and CEO.
|
|
| WorldWater & Power
Adds Solar Veteran Lawrence Slominski to Growing California Sales
Team — Former Key Executive for United Solar Brings Extensive
Experience to WorldWater's Rapidly Expanding Business |
| PENNINGTON,
NJ, September 15/BUSINESS WIRE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) providing the next generation of
cutting-edge patented high-power solar energy technology with
diverse commercial applications in a broad range of industries,
announced that it has added Lawrence Slominski to its fast-growing
California sales team. Mr. Slominski will serve as Regional Manager,
Technical Sales Support, according to Carsten Bethge, Vice President
of Sales for WorldWater.
"Larry has a solid background in both solar energy and
irrigation systems," said Mr. Bethge. "As a mechanical
engineer, his experience spans the design, evaluation, and implementation
of photovoltaic (PV) systems in America and abroad." Early
career work in the Peace Corps. led to Mr. Slominski's nomination
as National Energy Planner for the Federated States of Micronesia.
Back in the US, Mr. Slominski worked in several energy-related
positions, including associations with United Solar Ovonic, Maxwell
Technologies Inc. and United Solar Systems Corp., where he held
key positions in product development, sales and marketing.
WorldWater has recently expanded and reorganized its California
sales offices to better serve the state's fast-growing demand for
solar products.
Added Quentin T. Kelly, WorldWater Chairman and CEO: "Few
solar professionals can match Larry Slominski's experience and
caliber in both sales and engineering. With demand for solar products
growing, we're glad that WorldWater continues to attract the top
people in the industry, who want to implement the most important
new solar projects."
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
WorldWater
Corp. Changes Operating Name to WorldWater & Power Corp.
Chairman & CEO Makes Announcement at Annual Shareholders'
Meeting |
| PENNINGTON,
NJ, September 14/PRIMEZONE/ |
WorldWater & Power Corp. (OTC
BB:WWAT.OB - News) is the new operating name of WorldWater
Corp., it was announced by Quentin T. Kelly, Chairman & CEO
of the Company.
The announcement was made and the Company's new logo revealed
at the annual Shareholders' Meeting, which was held last Friday,
September 10, at the Hopewell Valley Golf Club, located near
the Company's Pennington, N.J. headquarters.
"Operating our business as WorldWater & Power Corp. conveys
a more accurate picture of what we deliver to our customers,''
said Mr. Kelly. "In addition to water engineering, our company
provides power to drive 600 hp motors and pumps with our proprietary
solar technology, and that capability also needs to be reflected
in our name.''
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| WorldWater
Chairman Reports Vibrant Revenue Growth to Shareholders at Annual
Meeting, Validating Company Strategy — Company Revenues for
Current Year Up More than 400% Over Previous Full Year For Fourth
Consecutive Year of Double-Digit Growth |
| PENNINGTON, NJ, September
13/BUSINESS WIRE/ |
WorldWater Corp. (OTC
BB:WWAT.OB - News) providing the next generation of
cutting-edge patented high-volume solar powered technology with
diverse commercial applications in a broad range of industries,
presented shareholders at Friday's annual stockholders' meeting
with a range of positive news and revenue upturns, including
reports of the company's biggest sales year ever.
Orders completed or in progress this year are already in excess
of $6 million, said Quentin T. Kelly, WorldWater Chairman and
CEO, representing more than a 400% increase over last year's
sales of $1.28 million. The Company's proprietary AquaMax(TM)
solar power technology continues to demonstrate its power and
flexibility in a range of large-scale, industrial applications.
"The Company is performing extraordinarily well," said
Mr. Kelly. "Our technology and products have now been proven
time and again in the field and in the marketplace, as demonstrated
by our strong revenue growth during the last year. We're moving
steadily into new areas and have made solid strides in sales growth
and capitalization, enabling WorldWater to continue to attract
top professionals in the water and energy industries."
Mr. Kelly also announced start of construction of a $2.1 million
solar-powered irrigation project at a California citrus ranch,
expected to become the largest solar irrigation system in the world
when complete. Shareholders also learned the Company's new operating
name: WorldWater & Power Corp., a change that reflects the
firm's expanding capabilities and expertise in solar and renewable
energy. The stock symbol - WWAT.OB -- will stay the same.
On Friday, WorldWater also announced its selection by the Quinault
Indian Nation of Washington State to assess implementation of renewable
energy systems for the tribe's Quinault Beach Resort and Casino.
The study is being funded by a grant from the US Department of
Energy's Tribal Energy Program.
About WorldWater & Power Corp.:
WorldWater & Power Corp. is a full-service, international solar
engineering and water management company with unique, high-powered
and patented solar technology that provides solutions to a broad
spectrum of the world's water supply and energy problems. The Company's
recently patented AquaMax solar pumping systems are capable
of driving motors up to 600 horsepower. For more information about
WorldWater, visit the website at www.worldwater.com.
Cautionary Language
Except for historical information contained herein, this document
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks and uncertainties that may cause
the Company's actual results or outcomes to be materially different
from those anticipated and discussed herein. Further, the Company
operates in industries where securities values may be volatile
and may be influenced by regulatory and other factors beyond
the Company's control. Other important factors that the Company
believes might cause such differences are discussed in the risk
factors detailed in the Company's 10-KSB and its quarterly reports
on Form 10-QSB both as filed with the Securities and Exchange
Commission, which include the Company's cash flow difficulties,
dependence on significant customers, and rapid development of
technology, among other risks. In assessing forward-looking statements
contained herein, readers are urged to carefully read all cautionary
statements contained in the Company's filings with the Securities
and Exchange Commission. |
|
| US
Department of Energy Funds Solar Program |
| PENNINGTON, NJ, September
13/MARKET WIRE/ |
AXcess News (www.axcessnews.com)
released a story covering alternative energy stocks that focused
on the US Department of Energy's funding of an alternative energy
resource program for the Quinault Indian Nation in which WorldWater
Corporation (OTC
BB:WWAT.OB) was chosen to assess implementation of renewable
energy systems for the tribe's Quinault Beach Resort and Casino.
Over the last ten years, the DOE's Tribal Energy Program, and
its predecessor programs, has provided $17 million in funds for
90 renewable energy projects across Indian Country.
Over the last two years, the Program has entered into agreements
with 38 tribes and provided $7.5 million to tribes to explore and
pursue renewable energy options.
WorldWater announced the QIN agreement Friday. That news marked
the first DOE program of this type for the developer of solar powered
pumping technology.
Friday's news follows a string of recent projects, each a model
for more sales within their respective market applications.
The company's annual shareholder meeting was also held Friday
in Hopewell, New Jersey. CEO Quentin Kelly said, "I'm looking
forward to telling the shareholders about the past year's many
important milestones, especially the successful projects where
we've been able to demonstrate the real-world viability of our
products and technology in several of the world's largest solar
power projects."
Kelly's company introduced new employees and updated shareholders
on the move to its Fullerton California office as well showing
a video that illustrated WorldWater's products.
Reactions by shareholders were mixed as 3,866,544 shares traded
hands Friday, pushing WorldWater's shares down 7 cents or 24.17%
in a frenzy of trading more than fifteen times the 90-day average
daily trading volume of 246,954 shares.
Alternative energy stocks, known for their sensitivity to market
conditions, had mixed results Friday as energy investors grew nervous
over rising oil prices and hurricane Ivan's approach across the
Gulf of Mexico. WorldWater's shares ( | |