tvicon
WorldWater logo
Home
Site Map
Contact Us
spacer 2008 News/press
spacer spacerPress Release Archives 1999 thru 12.31.2007
spacer spacerFinancials and Quarterly Results
spacer spacerPress Contact
spacer


spacer  
spacer  
spacer  

2004 NEWS July through December

June 16, 2004
WorldWater Delivers One Megawatt for PV Project on Schedule

June 7, 2004
WorldWater Corp. Opens New California Headquarters Near San Francisco

May 27, 2004
WorldWater Corp. Names James S. Brown VP-Chief Financial Officer

May 19, 2004
WorldWater Corp. Ships Additional $1.75 Million Of Solar Equipment To Cerro Coso College Project

May 18, 2004
WorldWater Corp. Awarded Major Energy Grant from 1st Rochdale Cooperative

April 27, 2004
WorldWater Corp. Executive Authors Two White Papers for International Online Water Conference

April 19, 2004
WorldWater Corp. Shipping Additional $1.3 Million of Solar Equipment to California College Job Site

April 6, 2004
WorldWater Corp. Executes $3.64 Million Institutional Financing Agreement

April 5, 2004
WorldWater Corp. Chairman Interviewed on NPR's Marketplace about Risks, Rewards of Iraqi Contracts

March 19, 2004
WorldWater Corp. Signs Agreement with Counterpart International - Leading NGO with Projects in 36 Countries

March 15, 2004
WorldWater Corp. Chairman Authors Section of New Business Book on Company Leadership

March 8, 2004
WorldWater Corp. Shipping $1 Million of PV Equipment to California College Job Site

March 4, 2004
WorldWater Corp. to Exhibit Proprietary Solar Technology in Iraq Trade Expo in Baghdad

February 26, 2004
WorldWater and Water Tech Ag Supply Enter into Distribution Agreement for Southern California Agricultural Market

February 23, 2004
WorldWater Chairman to Address Institutional Investors on Company’s Growth, Prospects

February 13, 2004
WorldWater Announces Construction Company Start of 1 MW California College Solar Project

February 6, 2004
WorldWater Corp. Signs Memorandum of Understanding with The Sandi Group to Form Iraqi Joint Venture

January 29, 2004
WorldWater Corp. Announces Accomplishments and Milestones of 2003

January 28, 2004
WorldWater Announces Sharp Increase in Sales Orders for 2004 and Revenue Estimate for 2003


WorldWater Delivers One Megawatt for PV Project on Schedule
PENNINGTON, NJ, June 16/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today that it has completed supplying the massive one megawatt PV system installation at Cerro Coso Community College in Ridgecrest, CA. WorldWater, serving as exclusive PV equipment supplier, has delivered several million dollars worth of components in the $8,963,053 project contracted to Contra Costa Electric of Bakersfield, CA. The project represents the largest PV installation ever implemented on any community college campus.

"Obviously, a project of this magnitude required a great deal of coordination with our contractor, Contra Costa Electric. We delivered over 6000 Sharp Electronics solar modules, as well as the inverters and distribution equipment required. Over several weeks, we transported the equipment by 16 semi-tractor trailer trucks from Southern California, Tennessee, and New Jersey, and we made our contributions right on schedule,'' says Quentin T. Kelly, WorldWater's Chairman and CEO.

"WorldWater exceeded our expectations on this project, ensuring that all timetables were met and providing solar expertise that helped the project proceed smoothly and cost-effectively,'' said Richard M. Traynor, Vice President and General Manager of Contra Costa Electric. "They have been an excellent partner.''

About WorldWater & Power Corp.


WorldWater Corp. Opens New California Headquarters Near San Francisco — Growing Firm Establishes Head in Foster City
PENNINGTON, NJ, June 7/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today that because of its rapid growth in California, the Company is opening its Western headquarters office in Foster City, near San Francisco.

The Company's Vice President of Sales, Carsten Bethge, will operate corporate sales from the new office, relocating and increasing sales and technical staff and inventory from the Company's two smaller offices in Sacramento and Solana Beach. "The new Foster City office will provide WorldWater Corporation with a stronger presence on the West Coast of the USA, enabling us to better serve our markets for solar systems in California,'' said Mr. Bethge.

WorldWater Chairman and CEO Quentin T. Kelly stated: "Because our business now stretches across the state, we need a geographical focal point that reflects that expansion -- and Foster City gives us the access we need.''

About WorldWater & Power Corp.


WorldWater Corp. Names James S. Brown VP-Chief Financial Officer
PENNINGTON, NJ, May 27/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today that it has named James S. Brown to the position of Vice President-Chief Financial Officer, effective immediately.

Mr. Brown has extensive financial experience in the energy industry. He was Director of Structured Finance, Americas, for Entergy Wholesale Operations, Houston, TX; Project Finance Director for El Paso Energy International, Houston; and VP-Finance for Westmoreland Energy, Charlottesville, VA. He also held executive finance positions with AMVEST Corp., Charlottesville, and earlier, was a senior accountant for Deloitte, Haskins & Sells (Deloitte & Touche), where he obtained his CPA.

A graduate in Business Administration from Georgetown University, Mr. Brown earned an MBA from Texas A&M University.

"Jim Brown brings a wealth of financial experience at this crucial time of strong growth in our company,'' said Quentin T. Kelly, WorldWater's Chairman and CEO. "Jim has the kind of experience we need, both domestically and internationally, to help deal with the positive changes facing our company now and into the future.''

Mr. Brown succeeds Terri Harris, former VP-Controller.


WorldWater Corp. Ships Additional $1.75 Million of Solar Equipment to Cerro Coso College Project
PENNINGTON, NJ, May 19/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today that it is shipping an additional $1.75 million of equipment to the Cerro Coso Community College solar project jobsite in Ridgecrest, CA, the largest PV installation on any U.S. community college campus. The current shipments supplement earlier shipments in March and April, when the company shipped $1 million and $1.3 million, respectively, in supplies to the site for the one-megawatt project. WorldWater is the exclusive PV supplier for the college and its prime contractor, Contra Costa Electric, Inc. of Bakersfield, CA.

"We'll be sending a truckload of solar equipment every day during the last week of May,'' reports WorldWater Chairman and CEO Quentin T. Kelly, commenting on the magnitude of the project.

Implementation of the full $8.9 million contract by Contra Costa will supply the college with Sharp Electronics solar modules as well as inverters and distribution equipment, reducing the school's overall energy consumption while supplying 50-60% of its total electricity. Construction, which began in February of this year, is scheduled for completion in June 2004. Work-in-progress photos may be accessed via the WorldWater website at http://www.worldwater.com/WW/wwpages/california.html#cerro.


WorldWater Corp. Awarded Major Energy Grant from 1st Rochdale Cooperative
PENNINGTON, NJ, May 18/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today that it has been awarded a grant of $377,500 from 1st Rochdale Cooperative Group Ltd. of New York City, the nation’s first urban electricity cooperative.

A Memorandum of Understanding has been signed between WorldWater and 1st Rochdale to join forces in developing solar projects in New York.  “The combination of our technology and project implementation expertise, together with 1st Rochdale’s aspiration to provide green power to its customer base, is expected to bring cost effective solar power solutions to thousands of customers,” stated Dr. Anand Rangarajan, WorldWater’s Executive Vice President.

According to 1st Rochdale’s Executive Vice President Gregory Wortham, “Working with WorldWater will help us advance (our) mission in a significant way.”

1st Rochdale (www.1strochdalenyc.coop) was founded in 1997 to provide families and businesses in New York City and Westchester County with dependable, affordable, and clean energy resources.  Through its involvement with the International Program of the National Rural Electric Cooperative Association (NRECA International), 1st Rochdale has expanded its efforts globally, creating a clear synergy with WorldWater’s scope of activity.


WorldWater Corp. Executive Authors Two White Papers for International Online Water Conference
PENNINGTON, NJ, April 27/BUSINESS WIRE/

Dr. Anand Rangarajan, Executive Vice President of WorldWater Corp. (OTC BB:WWAT.OB - News) has written two papers on the Company's unique, high-powered solar technology that will be featured on the IDS Water 2004 international online conference. The conference will launch May 10 at http://www.idswater.com, and is presented in association with the U.N.-sponsored Water Supply and Sanitation Collaboration Council (WSSCC).

Dr. Rangarajan's first paper demonstrates how municipal water systems and wastewater treatment plants can reduce their electricity costs and also have back up power capability in the event of power outages, using WorldWater's new AquaMax™ solar motor drive technology for applications up to 600 hp.

His second paper is a case study of WorldWater's installation of its unique AquaMeter™ rural municipal water system, which uses solar energy and prepaid "smart cards'' in the Philippines. Because of the reliable fee collection method, the municipality of Ronda was able to borrow 100 percent of the project cost from the Philippine National Bank. This project was implemented on a purely commercial basis, without the need for subsidies, and residents' cost for water has been reduced as well.

IDS Water 2004 is an online conference and exhibition highlighting the latest developments in the water industry. It is presented by Industry IDS, an internet-based conference organizer.

About WorldWater & Power Corp.


WorldWater Corp. Shipping Additional $1.3 Milliion of Solar Equipment to California College Job Site
PENNINGTON, NJ, April 19/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today it will ship an additional $1.3 million of photovoltaic equipment to the job site at Cerro Coso College in Ridgecrest, CA over the next two weeks.  The Company earlier shipped $1 million of the project equipment to the college in March.

WorldWater is the exclusive PV supplier for the one-megawatt project, which is the largest PV installation on a U.S. college campus.  The company will ship six truckloads of solar panels from Sharp Electronics and other equipment to the site by the beginning of May, in keeping with the project’s scheduled June completion.  Construction on the project began in February.

The total construction contract of $8.9 million was awarded in December to Contra Costa Electric of Bakersfield, CA, which selected WorldWater for the PV systems supply.  The project is expected to supply between 50 and 60 percent of the total electricity requirements of the college.

Work-in-progress photos of the Cerro Coso project can be accessed via http://www.cerrocoso.edu/iwv/pvf/01.htm.


WorldWater Corp. Executes $3.64 Million Institutional Financing Agreement — Company Has Call on Funds Totaling $7.28 Million
PENNINGTON, NJ, April 6/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today that it has received a $3.64 million common stock purchase commitment, with a call on an additional $3.64 million at WorldWater's option, for a total of $7.28 million. SBI Brightline VIII, LLC, an affiliate of SBI-USA, LLC, will provide the investment, subject to certain conditions.

Among the terms and conditions, the financing is contingent on the effectiveness of a Registration Statement with the Securities and Exchange Commission covering the securities to be issued in this transaction. WorldWater Corp. has now received an advance of $800,000 from SBI Brightline in the form of a loan bridging the period before the Registration effective date.

The SBI agreement provides financing without resets or pricing adjustments. By having fixed price financing, the Company can elect to draw down the capital needed without the risks and uncertainties inherent in an equity credit line.

"This financing provides the needed capital to fund our growth strategy," said Quentin T. Kelly, Chairman and CEO of WorldWater Corp. "Our management team will focus the new resources on expanding our distribution network, supporting sales personnel, servicing our customers, and continuing to improve our technology. We are better positioned than ever to capitalize on the exciting opportunities we feel exist in the solar energy and water management industries, both in the United States and overseas."

"We are very excited to be involved with WorldWater," said Shelly Singhal, Managing Director of SBI USA. "We believe there is tremendous value in alternative energy solutions and that WorldWater has the technology and management to allow it to play an integral role in implementing these solutions worldwide."

About SBI USA: Based in Irvine, California, 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 member of the SOFTBANK Investment Group and a division of First Securities USA, Inc., member NASD/SIPC.

About WorldWater & Power Corp.

Forward Looking Statements
This document may contain statements which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. "Forward-looking statements" include any statement which is not of purely historical fact, such as statements concerning plans, objectives, goals, strategies and future events and underlying assumptions thereof. Such forward-looking statements involve known and unknown risks, and uncertainties expressed or implied by such forward-looking statements could be materially different from those projected. Such factors include, among others, general economic and business conditions which may impact demand for the Company's solar generated pumps and electricity; changes in tax laws and regulations; the ability of the Company to implement its marketing strategy and to expand its business in the worldwide market; the ability of the Company to build its production facility up to the level of efficiency and output of its planned production; and changes in laws and government regulations applicable to the Company, including laws in foreign nations.


WorldWater Corp. Chairman Interviewed on NPR's Marketplace about Risks, Rewards of Iraqi Contracts
PENNINGTON, NJ, April 5/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) Chairman and CEO Quentin T. Kelly was interviewed April 1 on NPR's Marketplace business program by host David Brown about the risks and potential rewards of pursuing contracts in Iraq, particularly in light of events this past week in Falluja.

WorldWater had been scheduled to participate in a trade expo in Baghdad, which was indefinitely postponed Thursday following the killings of four American contractors in Falluja on Wednesday.

WorldWater has been actively pursuing Iraqi contracts, and a team of seven WorldWater engineers, led by Dr. Anand Rangarajan, is scheduled to depart for Baghdad for high-level meetings with U.S. contracting companies and Iraqi ministries this weekend. Those plans have not been altered by the Falluja killings, Mr. Kelly stated in the interview. Participation on the team going to Baghdad has been on a volunteer basis from the start, he said. "I spoke to each engineer individually stating that I would not ask them to go and each one said, 'I want to go.'"

Mr. Kelly noted that WorldWater has proprietary solar technology and water management expertise which could be of great value in bringing water and electricity to the Iraqi people, particularly with the high-powered AquaMax(TM) solar pump. Also, the company has operated in areas with significant security concerns in the past, including the Moro Islamic Liberation Front (MILF) rebel camp in the Philippines, Pakistan, Afghanistan, and Somalia.

Marketplace, which is produced by Minnesota Public Radio, has the largest cumulative audience for any business program on radio or television in the country.


WorldWater Corp. Signs Agreement with Counterpart International - Leading NGO with Projects in 36 Countries — Joint Development Projects Planned for Philippines, Iraq and Afghanistan
PENNINGTON, NJ, March 19/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today that it has signed a Memorandum of Understanding with Counterpart International (CPI), a Washington, D.C.-based non-governmental organization (NGO), to collaborate on agricultural and irrigation development and water management projects. The initial joint efforts will focus on projects in the Philippines, Afghanistan and Iraq, according to Don Feil, Vice President of CPI and Quentin T. Kelly, Chairman and CEO of WorldWater.

CPI is currently implementing projects in Northern Iraq for the U.S. Department of State and the United Nations High Commissioner on Refugees (UNHCR), including emergency resettlement, community reconstruction and economic development.

Both WorldWater and Counterpart are already independently operating in the Philippines: WorldWater has a wholly owned subsidiary, WorldWater Philippines, Inc., and Counterpart has a Philippine-registered subsidiary, Counterpart Philippines, and an investment facility, EnviroVentures.

A 38-year old non-profit, Counterpart International (www.counterpart.org) is one of the leading NGOs providing microcredit and technical assistance to micro-, small and medium-sized businesses in emerging economies. CPI implements projects in more than three-dozen countries through a network of 17 international program offices. Its organization-wide donor portfolio is more than $80 million, which is complemented by an additional $100 million of in-kind donations through its community and humanitarian assistance program.


WorldWater Corp. Chairman Authors Section of New Business Book on Company Leadership
PENNINGTON, NJ, March 15/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) has contributed a section of the upcoming book Inside the Minds: The Green Company, to be published in May 2004 by Aspatore Books.

Inside the Minds: The Green Company is an insider's perspective on the strategic thinking behind leading and evolving an environmentally conscious company. It features groundbreaking CEOs on the benefits and economic rewards of operating an environmentally-conscious company. Other contributors to the book include Yves Couette, President and CEO, Ben and Jerry's, Steven Zwolinski, CEO, GE Energy-Wind Energy Segment, and Steve Demos, Founder and President, White Wave, Inc., the largest producer and marketer of soymilk products in the U.S.

Mr. Kelly's chapter, "The Environmental Nexus: Where Water and Solar Power Meet" discusses the global water and energy crisis -- and the solutions that WorldWater Corp. provides to both water and energy problems. "Water and energy are the source and pulse of our lives and their supplies are rapidly dwindling," Mr. Kelly says. "We all need to increase the use of the technologies available to help resolve these crucial problems."

WorldWater is fortunate, Mr. Kelly notes, because, as opposed to many businesses, "the more profit our company makes, the more society benefits - clean air, fresh water for drinking and food production, light and clean power for healthy home and industrial use. We earn money by enhancing the world's quality of life."

The book is part of Aspatore's "Inside the Minds" series, which provides readers with proven business intelligence from C-level executives (Chairman, CEO, CFO, CMO, Partner) at respected companies nationwide. The book will be available at Barnes & Noble, Borders, Amazon.com and other booksellers nationwide or from www.Aspatore.com


WorldWater Corp. Shipping $1 Million of PV Equipment to California College Job Site
PENNINGTON, NJ, March 8/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today that it will ship $1 million of photovoltaic equipment this month to the job site at Cerro Coso Community College in Ridgecrest, CA. WorldWater is the exclusive PV supplier for the one-megawatt project, which is the largest PV installation on a U.S. college campus.

Construction on the project began in February and is scheduled for completion in June 2004. The total construction contract of $8.9 million was awarded in December 2003 to Contra Costa Electric, Inc. of Bakersfield, CA, which selected WorldWater for the PV systems supply.

The equipment being shipped includes solar modules from Sharp Electronics, inverters, combiner boxes, isolation transformers and electronic components. The project design consists of 6 1/2 acres of ground mounted solar modules and a freestanding concrete building that will house the inverters, distribution equipment and allows for student laboratory space. The project's goal is to reduce overall energy consumption at the college, and is expected to supply between 50 and 60% of the total electricity requirements of the college.


WorldWater Corp. to Exhibit Proprietary Solar Technology in Iraq Trade Expo in Baghdad
PENNINGTON, NJ, March 4/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced today it will participate in the Destination Baghdad Expo, with its Iraqi partner The Sandi Group, from April 5 through 8 at the Baghdad International Fairgrounds.

The Destination Baghdad Expo is sponsored by the Iraqi-American Chamber of Commerce and Industry, in cooperation with the Iraqi Governing Council, the Coalition Provisional Authority and the Federation of Iraqi Chambers of Commerce. Corporate sponsors of the Expo include Motorola, General Electric, Canon, Computer Associates and DHL. Other exhibitors include Microsoft, Federal Express, Parsons Engineering, Samsung Corp. and Daewoo International, as well as the Sandi Group.

WorldWater's exhibit with Sandi will feature the company's proprietary solar technology (AquaMax(TM)) which can operate motors and water pumps up to 600 hp by solar alone or in combination with the electric grid. This mainstream power capability enables the AquaMax(TM) to drive pumps for water utilities and wastewater treatment plants of Baghdad and other communities independently (when the electric grid is slowed or not working) or in combination with the grid or diesel generators.

About WorldWater & Power Corp.

The Sandi Group (www.thesandigroup.com) is a developer, contractor, logistical support provider and investor in Iraq. The company has interests in Iraq in real estate, hotels, banking, air passenger and cargo transport, agriculture, water treatment, office supplies and oil and business development.


WorldWater and Water Tech Ag Supply Enter into Distribution Agreement for Southern California Agricultural Market
PENNINGTON, NJ, February 26/BUSINESS WIRE/

WorldWater Corp. (OTC BB:WWAT.OB - News) announced that it has entered into an agreement with Water Tech Ag Supply, a leading provider of products and services to the agriculture industry in the Southwest and Mexico. Water Tech Ag Supply will initially sell WorldWater's solar irrigation and solar farming systems to its customer base in Southern California. Water Tech Ag Supply's sales staff has completed initial training for WorldWater products and has initiated customer proposals in the targeted region.

"We are extremely pleased to be working with a partner that is so well established and highly regarded in the California agriculture industry," commented Quentin Kelly, CEO of WorldWater Corp. "This is further evidence that we are executing our strategy of partnering with large and well qualified companies in order to leverage existing distribution infrastructure, shorten sales cycles and bring our products to a wider market." Recently, WorldWater has announced new relationships with Contra Costa Electric (a division of Emcor), and with The Sandi Group of Iraq.

About Water Tech Ag Supply Water Tech Ag Supply is a major regional full service distributor offering agricultural, nursery ornamental, and turf customers a wide range of products and services. These include rental equipment, irrigation design, irrigation installation, pumping systems, pest control consulting, soil nutrient management, fertilizers, and other agronomic products to commercial growers in the Southwest and Mexico. For more information, see http://www.agsupply.com.


WorldWater Chairman to Address Institutional Investors on Company’s Growth, Prospects
PENNINGTON, NJ, February 23/BUSINESS WIRE/

Quentin T. Kelly, Chairman and CEO of WorldWater Corp. (OTC BB:WWAT.OB - News), will address the Institutional Investor Forum 2004 conference February 25 in New York. Mr. Kelly will discuss the many milestones his company reachedin 2003 as well as the more than $4 million in sales orders for completion already received in 2004.

Institutional Investor Forum 2004 will take place at the Warwick Hotel and is sponsored by Symposium, LLC.

WorldWater Corp. is an international solar engineering and water management company with unique, high-powered solar technology providing solutions to water supply and energy problems


WorldWater Announces Construction Company Start of 1 MW California College Solar Project
PENNINGTON, NJ, February 13/BUSINESS WIRE/

Following a formal groundbreaking ceremony on February 5, construction has begun on the nation's largest college installation of a photovoltaic (PV) system, it was announced by WorldWater Corp. OTC BB:WWAT.OB - News), the exclusive PV supplier for the project. The one-megawatt system is being installed at Cerro Coso Community College, Ridgecrest, CA by the prime contractor, Contra Costa Electric, Inc. of Bakersfield, CA.

The total Cerro Coso construction contract of $8.9 million was awarded in December to Contra Costa Electric, which selected WorldWater Corp. for the PV systems supply.

The project design consists of 6 1/2 acres of ground mounted Sharp Electronics solar modules and a freestanding concrete building that will house the inverters, distribution equipment and allows for student laboratory space. The project's goal is to reduce overall energy consumption at the college. It is scheduled for completion in June 2004.


WorldWater Corp. Signs Memorandum of Understanding With The Sandi Group to Form Iraqi Joint Venture
PENNINGTON, NJ, February 5/BUSINESS WIRE/

WorldWater Corp. OTC BB:WWAT.OB, announced today that it has signed a Memorandum of Understanding (MOU) with The Sandi Group, Inc. for the purpose of forming a Joint Venture to solicit contracts in Iraq in the areas of Public Works and Water and Power Sector Rehabilitation. The two companies intend to bid on contracts which will utilize WorldWater’s proprietary solar power and water management services, technology and products. The companies have already entered a bid on at least one project in Baghdad.

About The Sandi Group – The Sandi Group, with offices in the United States, Iraq, and other countries, is a developer, contractor, logistical support provider and investor in Iraq. Its founder and chairman is Mr. Rubar Sandi, who is also Chairman of Corporate Bank Business Group and founder of the Iraq-U.S. Business Council. The Sandi Group has interests in Iraq in real estate, hotels, banking, air passenger and cargo transport, agriculture, water treatment, office supplies, oil and business development.

About WorldWater & Power Corp.


Worldwater Corp. Announces Accomplishments and Milestones of 2003
List of “Firsts” in Solar Business includes Largest Irrigation and Refrigeration Compressor Pumps, Largest College Campus PV Installation in Nation
-PENNINGTON, NJ, January 29/BUSINESS WIRE/

WorldWater Corp. OTC BB:WWAT.OB, announced today the Company’s most significant accomplishments and milestones achieved during 2003.

Installed world’s largest solar irrigation pumping system – WorldWater installed a 50 Horsepower irrigation pumping system at the D.T. Locke Ranch in Mendota, CA. This is the largest solar irrigation pumping system in the world.

Installed world’s largest solar-powered refrigeration compressor system – WorldWater installed a solar-powered compressor pump to operate a 350 Horsepower Hydracooler at Lehr Brothers, Inc., a potato processing facility near Bakersfield, CA. This is the largest solar-driven compressor pump in the world.

Participated in a successful bid for supply of the largest PV installation on a college campus in the US (Cerro Coso College, Ridgedale, CA), scheduled for completion by the prime contractor, Contra Costa Electric Inc., in June, 2004.

Installed world’s first commercial“smart card”/solar drinking water delivery system – WorldWater subsidiary, WorldWater (Philippines) Inc. inaugurated the world’s first commercial solar powered, prepaid municipal water distribution system in September 2003, in Ronda, Cebu, Philippines. The Company’s proprietary AquaCardTM system enabled the Philippine National Bank to finance the project, which , because of its commercially sustainable economics, may be replicated in rural communities throughout the Islands.

Expanded intellectual property portfolio – WorldWater was issued a new U.S. patent for its automatic switching technology, which enables a grid–tied system to switch to backup solar power within a fraction of a second of a power failure. The proprietary devices sense power interruption and switch automatically to the WorldWater solar equipment to keep power flowing to pumps, compressors, chillers or other motors if the grid goes down. The technology was featured in the New York Times Patents column on September 3, 2003.The Company already held one related patent and has three more in process.

Established key partnerships – WorldWater continued to establish relationships with important partners in the energy field, such as WinRock International, The International Center for Water Technology, Princeton Power Systems, Contra Costa Electric Inc., and, internationally, the Sandi Group, the largest Iraqi civilian construction and industrial building company.

"We are very pleased with our progress in 2003?, stated Quentin T. Kelly, Chairman and CEO of WorldWater Corp." We were able to make our first major sales and implementations in our key markets. Now that we have proven that the technology works well and can be implemented in a timely and efficient manner, we hope to expand our revenues in 2004?.


WorldWater Corp. Announces Sharp Increase in Sales Orders for 2004 and Revenue Estimate for 2003
-PENNINGTON, NJ, January 28/BUSINESS WIRE/

WorldWater Corp. OTC BB:WWAT.OB, today announced that it has already received sales orders for completion in 2004 in excess of $4 million. This represents an increase of over 300% from estimated revenue in 2003 of approximately $1,200,000.

Summary of Sales Growth:
2002 — $643,541
2003 (Est.) — $1,200,000
2004 (Current Orders) — $4,000,000 plus

The Company cannot give any guidance at this time regarding projected earnings or losses for 2004.

WorldWater is a full service international solar energy and water management company with unique high-powered solar technology providing solutions to water supply and energy problems.

The company recently patented AquaMax™ pumping systems capable of operating pumps up to 600 hp, making it the first solar company in the world with the power to deliver mainstream pumping capability.

"Forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. "Forward-looking statements" include any statement which is not of purely historical fact, such as statements concerning plans, objectives, goals, strategies and future events and underlying assumptions thereof. Such forward-looking statements involve known and unknown risks, and uncertainties expressed or implied by such forward-looking statements could be materially different from those projected. Such factors include, among others, general economic and business conditions which may impact demand for the Company’s solar generated pumps and electricity; changes in tax laws and regulations; the ability of the Company to implement its marketing strategy and to expand its business in the worldwide market; the ability of the Company to build its production facility up to the level of efficiency and output of its planned production; and changes in laws and government regulations applicable to the Company, including laws in foreign nations.


About WorldWater & Power Corp.
WorldWater 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, capable of driving motors up to an unprecedented 600 horsepower, make WorldWater the first and only solar company in the world with the power to deliver mainstream pumping capability. The Company is also a pioneering provider of solar powered water systems in the Philippines and developing nations in Africa and Asia.

WorldWater seeks to achieve significant revenue growth and earnings leverage by marketing its proprietary solar technology through multiple channels to a broad spectrum of institutional and private parties anywhere in the world. Prior to the development of the AquaMax(TM) technology, solar powered motors were limited in output to only 5 horsepower, and thus incapable of pumping the volume of water required for large scale systems. WorldWater's proprietary AquaMax(TM) systems can drive motors up to a revolutionary 600 horsepower, generating significant commercial opportunities for exploitation by WorldWater and vastly expanding the range of applications for clean, renewable solar power in commercial, municipal and institutional mainstream applications. Each day, more solar energy bathes Earth than its 5.9 billion inhabitants consume in equivalent electric power in 27 years, according to the U.S. Department of Energy's National Renewable Energy Laboratory in Golden, Colorado. With many international and domestic governmental agencies increasingly concerned about clean air and water conservation, WorldWater is well positioned to implement its patented AquaMax(TM) systems for the supply of all power needed for the largest irrigation and cooling systems in the world - with no pollution and no excess pumping to foul the air or excessively drain the natural water resource.

It is the opinion of WorldWater's management and board of directors that few other companies are better positioned to capitalize on the worldwide demand for next-generation solar technology, as represented by the Company's patented technology. The energy generated by WorldWater is pollution-free, fully renewable, reliable, highly scalable and requires lower operating costs. WorldWater's early-mover advantage, and its next generation solar technology, will enable the Company to exploit a broad range of high revenue and high profit opportunities in both the public and private sectors in multiple worldwide markets, facilitating additional contracts to increase revenues while concurrently lowering costs and increasing margins. For more information about WorldWater and its next-generation proprietary technology, visit the website at www.worldwater.com, or for investor-specific information at www.trilogy-capital.com

Contact: WorldWater & Power Corp. Debra J. Grady, 609-818-0700 — dgrady@worldwater.com
Investor Relations: Trilogy Capital Partners — Paul Karon, 800-342-1467 — paul@trilogy-capital.com


wwtop.gif

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

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

HOME COMPANY PRODUCTS &
services
SOLAR
PROJECTS
FINANCIALS NEWS Entech careers CONTACT SITE MAP
200 Ludlow Drive • Ewing, NJ 08638 • Tel: 609-818-0700 • Fax: 609-818-0720