WorldWater & Solar Technologies, Corp. (originally
WorldWater & Power Corp.) was founded in 1984 by Quentin T. Kelly in response to a vacuum he saw in the private sector in supplying water and power to developing nations. Initially, the Company was a consulting and research and development (R&D) firm, and focused on providing water and power solutions to emerging nations in Africa, South Asia, South America and the Caribbean.
Princeton
to NASDAQ
With
help from a team of Princeton University engineers,
the Company developed its first patented product
in 1992, a solar thermal power system. In
1997, the Company went public via a reverse merger
and became WorldWater & Power Corp. Recently
renamed WorldWater & Solar Technologies, Corp.
is a fully reporting company. Its shares are traded
on the NASDAQ Bulletin Board under the symbol WWAT.OB.
International
Beginnings
The same year, the first 25 production models
of the AquaSafe solar-powered water
pump were installed in the Philippines under
a directive from former President Fidel V.
Ramos. A Philippine subsidiary, WorldWater
(Phils) Inc., was formed and a local management
team was installed to pursue business in
the Philippines. The Company’s AquaSafe solar
pumps and SolPower stand-alone photovoltaic
power systems have been installed in 20 countries
worldwide.
In
1998, WorldWater's Chairman and former CEO, Quentin
T. Kelly, was named to the New Jersey Inventors
Hall of Fame for his achievements as Small
Business Inventor of the Year.
Patent
Development
In
2001, the Company was awarded a second patent for
its most significant technological breakthrough:
WorldWater's engineers broke the threshold of solar
pumping capability from the industry standard of
approximately 5 horsepower to up to 600 horsepower. WorldWater’s
solar systems now had a sharply increased power
capability, and were able to operate industrial-size
pumps and motors in the U.S. agricultural, water
utility, viticulture and manufacturing sectors. This
was followed in 2003 by a patent for the Company’s
automatic switching technology, which enables a
grid-connected system in the event of a
daylight power outage to automatically and
instantaneously switch to solar power alone without
any interruption in power and without any operator
intervention. WorldWater & Solar Technologies,
Corp. is the only solar company in the world with
these capabilities. Another breakthrough in 2006
U.S. Market
WorldWater & Solar
Technologies, Corp. is rapidly growing in the U.S.
market due to the ever-rising costs of electricity,
the problem of energy shortages in some areas,
and the state and federal government incentives
offered to tackle these problems. The private
and public sectors have embraced the entrance of
WorldWater’s Aqua-series high-powered solar
power systems because of their unique capabilities.
The multiple valuable applications of WorldWater & Solar
Technologies, Corp.’s signature AquaMax system
utilized in the U.S. market have launched the company’s
services into solid demand in California and New
Jersey, states where incentives for solar energy
are particularly strong. Currently, WorldWater
has installed and has mutual agreements to install
solar power systems for agriculture, educational
institutions, water utilities and municipalities.
WorldWater’s corporate headquarters are located in Ewing,
NJ, midway between New York City and Philadelphia.
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