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On Tuesday, April 10, 2007, the Fresno City Council will consider a large solar power generating project planned for Fresno Yosemite International Airport. The solar project will cover approximately 25 acres and is just one of the City’s latest initiatives as an environmental leader to improve sustainability and energy efficiency. The Airport solar project will be the single largest solar installation at any airport in the country.
Mayor Autry stated, “This project further establishes Fresno as a national leader amongst municipal governments in the innovative use of renewal energy and protecting the environment.”
The Airport solicited proposals from the solar energy industry and subsequently completed negotiations with World Water & Power Corporation to install, operate, and maintain a 2 megawatt solar power generating system. This project will provide up to 40% of the Airports annual power consumption through the use of 100% renewable energy sources. The Airport will save approximately $12.8 million in energy cost over a 25 year period. World Water & Power expects to complete the solar project in the spring of 2008.
The Airport will be able to take advantage of the California Public Utilities Commission (CPUC) renewable energy incentive programs, which are administered by PG& E. These programs, known as SGIP for 2006 and CSI for 2007 offer financial incentives to customers who install generation facilities that contribute to their energy needs.
“This is truly an exciting opportunity for the City’s environmental efforts,” stated Council President Henry T. Perea. “I am extremely supportive of solar energy, and have eagerly anticipated moving forward with this project.”
Mayor Autry and Council President Perea will be rolling out “Fresno Green: The City of Fresno’s Strategy for Achieving Sustainability in recognition of this year’s Earth Day. This plan will include the Airport’s solar project as well as over 20 strategies for positioning Fresno as a good steward of the earth’s natural resources and a leader in sustainable policies.
-------------------- What can i say??I'm a greedy B*stard
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WorldWater & Power Announces Award of 20-Year Solar Electric Power Purchase Contract for Fresno Yosemite International Airport Thursday April 12, 7:30 am ET Two Megawatt Project Valued at $16 Million
PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Power Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that it has been awarded a 20-year solar electric power purchase contract by the Fresno City Council for the sale of solar electricity from a 2 MW state-of-the-art solar electric power system to be located at the Fresno Yosemite International Airport. This project represents the largest solar electric project at any airport in the United States. WorldWater will design, build and operate the solar system over the 20 year contract. Fresno solicited proposals from a number of potential providers and subsequently chose WorldWater & Power to install, operate, and maintain this solar array - which is expected to eventually provide up to 40% of the airport's annual power consumption. In total, Fresno is projected to save nearly $13 million in energy costs over 25 years. WorldWater expects to complete the installation by early 2008, making Fresno a leader in utilizing renewable sources to reduce its energy costs and protect the environment. ADVERTISEMENT
"This is a major achievement for WorldWater and follows on the heels of last year's record revenue," commented Quentin T. Kelly, Chairman and CEO of WorldWater. "We won the competitive bid, validating our expertise, experience and advanced technology. We are extremely pleased with the decision of Fresno to take advantage of WorldWater's system to maximize energy performance, resulting in long-term savings for the people of California."
About WorldWater & Power Corp.
WorldWater & Power Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Power Corp., visit the website at www.worldwater.com.
Contact: WorldWater & Power Jessie Sullivan, 609-818-0700 ext. 20 JSullivan*worldwater.com or Press: Mike Breslin Productions LLC Mike Breslin, 201-652-1287 mbrez*aol.com
-------------------------------------------------------------------------------- Source: WorldWater & Power Corp.
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WorldWater & Power Announces Name Change Move Reflects Leadership in Solar Solutions
“WorldWater & Solar Technologies Corp.”
WorldWater & Power Corp. (OTC BB: WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that the Board of Directors has approved a change in its corporate name to WorldWater & Solar Technologies Corp. The stock symbol WWAT.OB remains the same.
The new name reflects the company’s growing leadership role in producing, installing, and servicing some of the largest, most advanced solar powered solutions available today – with patented, high-powered technology that delivers renewable energy on a cost-effective basis.
“Our company has grown and, with it, our reputation in the market for providing state-of-the-art adaptive technologies for renewable solar power,” stated Quentin T. Kelly, Chairman and CEO. “With revenue expected to nearly double in 2007, we recognized the time was right to highlight the engineering advances that make us uniquely qualified for large solar projects, which can provide substantial savings for clients in future energy expense while often addressing water supply requirements. This year continues to be one of transformation – and our new name reflects that.”
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corp. is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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WorldWater & Solar Technologies Announces First Quarter Results Company on Track for Record-Setting Year
WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced results for the first quarter ended March 31, 2007. Revenue for the first quarter was $0.9 million, with gross profit of $0.2 million.
“We continue to be very excited about prospects for 2007, even as the first quarter showed declines versus last year on a revenue and bottom line basis due to contract timing,” said Quentin T. Kelly, Chairman of WorldWater & Solar Technologies Corp. “Gross margin improved to 21.0% from 6.7% in the first quarter of 2006, but revenue fell as WorldWater put in place a new strategy to pursue larger megawatt and multi-megawatt contracts – which take longer to bid and negotiate, with greater lead times for production and installation. However, as was recently announced, WorldWater won its largest project ever in the quarter – a $16 million, 2 megawatt system for Fresno Yosemite International Airport, which is now in pre-engineering and will result in substantial revenue for the company during the second half of 2007. In addition, we are actively bidding on numerous large projects and hope to announce additional contracts as soon as possible.
“We see sequential improvement in revenue every quarter this year, and the company is maintaining its full-year sales guidance of $30-$35 million – at least doubling our full year production to approximately 5 megawatts. Revenue will be concentrated in the third and fourth quarters, similar to last year, and we remain on track for profitability.”
Mr. Kelly continued, “In line with our rapid growth, we recently announced that the company’s name had changed – which we view as appropriate given our increasing leadership in providing state-of-the-art adaptive technologies for renewable solar power. We are leveraging our expertise to build and install some of the largest, most advanced solar solutions worldwide. As the need for renewable energy shows no signs of abating, our cost-effective solutions are being very favorably received in the market.
“Lastly, let me just add that while WorldWater is well positioned for strong growth this year, our discussions with ENTECH continue. We will keep our shareholders informed as appropriate going forward. In closing, let me remind everyone that our Annual Meeting is May 24; we look forward to seeing you then.”
Financial Results
Revenue for the first quarter was $0.9 million, compared with $2.0 million reported in the first quarter of 2006. Gross profit for the quarter was $0.2 million, versus $0.1 million in the prior-year period. The net loss for the first quarter of 2007 was $2.1 million, or $(0.01) per share, compared to a loss of $3.6 million, or $(0.03) per share, in the first quarter of 2006.
About WorldWater & Solar Technologies Corp:
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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WorldWater & Solar Technologies Names Scott Albertson New VP of Production PENNINGTON, N.J., May 21, 2007 (PRIME NEWSWIRE) -- WorldWater & Solar Technologies Corp. (OTCBB:WWAT), developer and marketer of proprietary high-power solar systems, today announced that, effective immediately, Scott Albertson has joined the company as Vice President of Production. Mr. Albertson, who previously served as a consultant to WorldWater for several months, has over 20 years experience in manufacturing operations, including with British Petroleum (BP) and Corning. In his last position at BP, he was Vice President of Procurement, Logistics, and Supply Chain Management for the company's Crystal Silicon operations.
"We felt it was imperative to bring Scott on as a full time employee given our need for manufacturing expertise as we ramp up production for the larger systems being installed this year," stated Quentin T. Kelly, Chairman and CEO. "As we take WorldWater to the next level in designing and supplying some of the largest solar systems in the market, Scott's experience will prove invaluable to our organization."
Scott Albertson
Mr. Albertson has been a manufacturing consultant since 2004, providing strategic counsel to companies experiencing rapid growth in their operations. Prior to this, he served as Vice President of Procurement, Logistics, and Supply Chain Management at British Petroleum (BP), overseeing the company's Crystal Silicon operations worldwide. He had previously been Vice President of BP's Thin Film Technologies business, heading up the Technology and Engineering group and managing two thin film solar plants (one utilizing Amorphous Silicon, the other Cadmium Telluride). Prior to coming to BP in 1998, Mr. Albertson was with Corning, where he had served since 1987 in roles of increasing responsibility within the manufacturing group of the Environmental Division.
Mr. Albertson graduated from the U.S. Naval Academy with a B.S. in engineering and math, and a concentration in operations analysis. He spent seven years with the USMC Special Forces before starting with Corning.
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.
WorldWater & Solar Technologies Announces Signing of New Letter of Intent with ENTECH Parties Anticipate Closing During Summer
WorldWater & Solar Technologies Corp. (OTC BB: WWAT) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, today announced that Chairman and CEO Quentin T. Kelly and ENTECH, Inc. Vice President - Corporate Business Robert R. Walters signed a final Letter of Intent defining the terms for the acquisition of ENTECH, Inc., developer and manufacturer of advanced solar concentrating technology. The definitive agreement is expected to be completed before the end of the second quarter, with closing scheduled soon thereafter. As part of the agreement, WorldWater will pay ENTECH shareholders $6.3 million in cash consideration along with $12 million in WorldWater common stock. The deal also includes earn-out provisions for ENTECH’s stockholders and management if certain performance benchmarks are met. Additional terms were not disclosed.
“We greatly appreciate our shareholders’ patience as we worked hard to structure an appropriate transaction this past year,” stated Quentin T. Kelly, Chairman and CEO. “While it has clearly taken longer than expected to finalize the terms of this important acquisition, we remain very excited about the opportunities that ENTECH brings to WorldWater. ENTECH’s solar concentrator technology greatly enhances the efficiency of large solar applications, utilizing 95% less silicon to generate power than required by conventional flat plate solar modules. As a combined entity, we can provide solar systems capable of generating and delivering electrical and thermal energy at a price competitive with the grid – even before rebates. We have been working with ENTECH on a number of megawatt and multi-megawatt RFPs and look forward to consummating this transaction in the very near future. This is an exciting time for our two companies.”
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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WorldWater & Solar Technologies' CEO Travels with Governor Schwarzenegger on Trade Mission to Canada WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that Quentin T. Kelly, WorldWater Chairman and CEO, is traveling in Toronto and Vancouver this week with California Governor Arnold Schwarzenegger on the Governor’s Trade Mission to Canada from May 29 to May 31. He will also participate in the California-Canada Conference on Clean Technologies in Vancouver.
Mr. Kelly was invited by Governor Schwarzenegger due to the Company’s leading role in building prominent solar energy projects in California, including the recently-announced Fresno airport solar complex as well as the largest solar-powered agricultural system in the world and only self-sustaining water utility.
“The Governor has been a leader in promoting clean, renewable energy alternatives, and our work in California has demonstrated the impact that solar applications can have in reducing power consumption, protecting the environment, and addressing agricultural requirements,” Mr. Kelly said. “We look forward to bringing our same technology to Canada, which has shown a sincere dedication to reducing its reliance on traditional energy sources and improving the environment.”
About WorldWater & Solar Technologies Corp.
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One day a man named ullnvrknw came to this board and repeated to buy all you can at .30,.20 and then .14. It was a bumpy ride but a ride that came to glory. Now i tell you to hold all you have and do not be tempted to take your profits at $1 but at $4.
-------------------- What can i say??I'm a greedy B*stard
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There's a couple of gaps from the past 10 days or so that may need to be filled before it climbs much higher...around .65 and again around .58 take a look at the chart... GLTA!
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