posted
I'm looking for a strong open. When I look at the chart linearly it seems that this stock has not seen price movement like this in a while, so I don't have a concrete idea as to what might happen.
PENNINGTON, N.J., Jul 05, 2007 (BUSINESS WIRE) -- WorldWater & Solar Technologies Corp. (WWAT.OB) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, today announced that the Company and ENTECH, Inc. have begun engineering procedures for the manufacturing line of ENTECH panels at their headquarters in Keller, TX for delivery of product in early 2008. Full closure of the acquisition of ENTECH by WorldWater cannot take place until new shares are authorized at the forthcoming Special Shareholder meeting anticipated in late August/September 2007.
"We are together in our efforts to meet manufacturing goals and timelines," said Quentin T. Kelly, Chairman and CEO of Worldwater & Solar Technologies Corp., also speaking for Dr. Walter Hesse, CEO of ENTECH, Inc. "We are undertaking these actions in anticipation of the closing by end of summer."
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.
About ENTECH, Inc.
ENTECH provides advanced solar energy technology for a variety of applications, ranging from daylighting systems for commercial buildings to solar power arrays for spacecraft. The company's patented solar power systems produce electricity from sunlight for applications on Earth (terrestrial power) and in space (spacecraft power). ENTECH's Fresnel lenses capture sunlight and focus it onto small solar cells, thereby reducing electricity costs compared to conventional flat-plate (planar) solar energy approaches. Additional information can be found at www.entechsolar.com.
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WorldWater Breaks Ground for Country's Largest Airport Solar System at Fresno Yosemite International 2-Megawatt, $16 Million Dollar Project Projected to Provide 40% of Airport’s Annual Power
WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, today held an official groundbreaking ceremony for the construction of a large scale solar electric system at Fresno Yosemite International Airport. The 2-megawatt installation is scheduled for completion by early 2008 and will be operated by WorldWater under a 20-year power-purchase contract awarded by the Fresno City Council. It is the largest solar project at any airport in the United States.
At the ceremony, Russ Widmar, Fresno Aviation Director said, “This is an exciting day for an airport that prides itself as a leader in technology. Our new solar system should save the airport about $13 million dollars over the next 20 years as well as help protect the environment with a major renewable energy source.”
Frank W. Smith, WorldWater’s Chief Operating Officer also commented, “Solar is the ideal power solution for airports. Approximately five acres of raised solar panels will not only provide electricity but shade for rental car lots. An additional 20 acres of ground mounted photovoltaic arrays were approved by the FAA for installation in a portion of the airport’s approach zone where occupied structures are not allowed, so otherwise unused real estate becomes a valuable asset.”
Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies Corp. commented on the event from the company’s headquarters in New Jersey. “This is an important milestone for solar in the United States and reflects our strengths as a company. We can design and build large scale, technologically efficient systems on fast-track schedules under power purchase agreements that require no out-of-pocket cost for the customer. The customer saves substantially on long term electric costs and we manage the system. It’s a formula for success!”
Fresno Yosemite International Airport is the major air transportation center for the City of Fresno and the San Joaquin Valley region. In 2006, it connected over 1.2 million passengers to destination throughout the United States as well as to Mexico
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