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PENNINGTON, N.J., Oct 10, 2006 (BUSINESS WIRE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced preliminary results for the third quarter ended September 30, 2006 and provided guidance for the remainder of 2006 and for 2007. Revenue for the third quarter, a record, will be in the range of $5.8 - $6.1 million, and gross margins will also be at record highs. In addition, the company announced that it is making substantial progress toward completion in the fourth quarter of its largest installment to date, the $7.8 million Farm ACW avocado ranch in California. WorldWater & Power expects that revenue in the fourth quarter will be between $8.5 and $9.2 million, with additional improvement in gross profits.
"We are very pleased to announce that, as expected, we will post our best quarter in the company's history when we report full financial results in mid-November," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and have basis to project significantly stronger growth in 2007. We also expect to close the Entech acquisition by the end of 2006 and are currently submitting joint bids on projects as large as 50 Megawatts in size. In addition, geopolitical events continue to provide tremendous growth opportunities for the solar industry."
-------------------- What can i say??I'm a greedy B*stard Posts: 312 | Registered: Mar 2006
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WWAT : Press Release Source: WorldWater & Power Corp.
WorldWater & Power Corp. Wins Its First U.S. General Services Administration Contract Bid for Solar System at Federal Courthouse in Trenton Wednesday November 1, 11:47 am ET
PENNINGTON, N.J., Nov. 1, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that the company has been awarded a $346,694 contract by the U.S. General Services Administration (GSA) to build a solar electric system at the Clarkson S. Fisher U.S. Courthouse Annex in Trenton, New Jersey. The project is a joint venture with Ray Angelini, Inc. (RAI) of Sewell, New Jersey. The WorldWater winning bid calls for the installation of photovoltaic panels on the roof of the seven-story glass tower, which was completed in 1996. The solar system will provide a portion of the Annex's electricity and the Federal Government will earn ``net metering'' credits for its solar electric production from PSE&G when the offices are closed. Approximately $147,500 of the construction cost will be paid in the form of a rebate from the New Jersey Clean Energy Program.
Quentin T. Kelly, Chairman of WorldWater & Power commented on the new contract, ``As far as we know, this is the first contract awarded by the GSA Mid-Atlantic Region to build a solar electric system and we are proud to be the winning bidder. GSA's commitment to a clean, efficient energy benefits everyone with better air quality and helps taxpayers by lowering the operational costs of government facilities.''
GSA is a centralized, federal procurement, property management, policy development and information provision agency created by Congress to improve government efficiency and help federal agencies better serve the public. GSA is committed to incorporating principles of sustainable design and energy efficiency into all of its building projects. To evaluate and measure its green building achievements, all GSA new construction and substantial renovations must be certified through the Leadership in Energy and Environmental Design (LEED(r)) Green Building Rating System of the U.S. Green Building Council.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
filing should be out within the next couple of weeks. (in the past they have filed for the extention...) Made a little a couple of weeks ago..would be nice to do it again...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by T e x: "high-horsepower solar systems"
anybody got a clue what that means?
WorldWater & Power 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 & Power’s patented AquaMax™ technology takes solar energy to a whole new level that no one else in the industry can replicate:
* The ability to drive large-scale pumps and motors directly from solar power— all the way up to commercial-grade 600 horsepower. * A grid-disconnect feature which enables the solar array to continue operating in the event of an electrical grid failure, providing systems back-up power. * A switching ability that offers freedom of choice in powering pumps and motors via solar alone, the electric grid alone, or as a seamless blend.
Our patented ability to harness the sun's power opens new doors to a wide range of mainstream applications including but not limited to agribusiness and irrigation, water utilities, food processing plants, and refrigeration and cooling systems.
Global water and energy needs are growing more urgent with each passing day. It is WorldWater & Power's conviction that these needs can be met, and we have found an environmentally responsible, cost-effective, safe, and reliable means of delivery that no other firm can match. Having built its business around this fundamental mission, and on the principle that water and energy are precious commodities, WorldWater & Power has positioned itself solidly to meet the national and global challenges ahead.
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