WorldWater and Solar Technologies Corp
WorldWater & Solar Technologies Corp. Receives Letter of Intent to Build Four Projects Totaling 3.25 MW in Italy
12/19/2007
Sales in Italy in Addition to Spain Reflect WorldWater & Solar's
Aggressive Strategy to Capture Expanding Share of European Solar
Market
EWING, N.J., Dec 19, 2007 (BUSINESS WIRE) --
WorldWater & Solar Technologies Corp. (WWAT.OB, OTC BB), developer and marketer of proprietary high-power solar systems, announced today that the Company has received a Letter of Intent (LOI) from Solar Dynamic Energy Ltd. (SDE) Of Milan and London to construct solar sites totaling 3.25 MW in Southern Italy. SDE will work with La Esco del Sole, a solar marketing and installation company that is one of the oldest solar companies in Italy with 25 years of experience. The four projects in Italy are:
-- 250 KW pilot site in Lecce
-- 1 MW installation in Palermo
-- 1 MW installation in Rome
-- 1 MW installation in Foggia
The LOI is subject only to contractual negotiations. WorldWater & Solar will engage SDE as its solar marketer in Italy. All projects are scheduled to begin construction in the second quarter of 2008. The new LOI reflects WorldWater's market strides in Europe following on the 3 MW project with Ingenium Energetica S.L. of Barcelona, announced on Dec. 13, and the 10 MW project with M&G Promociones de Vivienda Urbana S.A. of Madrid.
The solar projects for SDE and M&G Promociones will use the WorldWater-ENTECH 20x Concentrator Technology and modules, and are planned to be implemented as soon as the ENTECH modules are manufactured by WorldWater, with volume delivery expected in the Spring of 2008. The Ingenium project in Spain will use single access flat plate modules.
Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies stated, "This new project is part of WorldWater's aggressive push for a large market share in the rapidly expanding solar business in Europe - Spain, Italy and beyond. We intend to take full advantage of our ENTECH competitive pricing advantages and efficiencies throughout the Mediterranean countries, where the sunny climates are particularly responsive to our 20x concentrator technology."
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 can not only generate and distribute electricity, but can drive 1000 horsepower motors and pumps from sunshine independently or in conjunction with the electric grid, providing 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.
Forward Looking Statements:
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
SOURCE: WorldWater & Solar Techno
WorldWater & Solar Technologies Corp. Receives Letter of Intent to Build Four Projects Totaling 3.25 MW in Italy
12/19/2007
Sales in Italy in Addition to Spain Reflect WorldWater & Solar's
Aggressive Strategy to Capture Expanding Share of European Solar
Market
EWING, N.J., Dec 19, 2007 (BUSINESS WIRE) --
WorldWater & Solar Technologies Corp. (WWAT.OB, OTC BB), developer and marketer of proprietary high-power solar systems, announced today that the Company has received a Letter of Intent (LOI) from Solar Dynamic Energy Ltd. (SDE) Of Milan and London to construct solar sites totaling 3.25 MW in Southern Italy. SDE will work with La Esco del Sole, a solar marketing and installation company that is one of the oldest solar companies in Italy with 25 years of experience. The four projects in Italy are:
-- 250 KW pilot site in Lecce
-- 1 MW installation in Palermo
-- 1 MW installation in Rome
-- 1 MW installation in Foggia
The LOI is subject only to contractual negotiations. WorldWater & Solar will engage SDE as its solar marketer in Italy. All projects are scheduled to begin construction in the second quarter of 2008. The new LOI reflects WorldWater's market strides in Europe following on the 3 MW project with Ingenium Energetica S.L. of Barcelona, announced on Dec. 13, and the 10 MW project with M&G Promociones de Vivienda Urbana S.A. of Madrid.
The solar projects for SDE and M&G Promociones will use the WorldWater-ENTECH 20x Concentrator Technology and modules, and are planned to be implemented as soon as the ENTECH modules are manufactured by WorldWater, with volume delivery expected in the Spring of 2008. The Ingenium project in Spain will use single access flat plate modules.
Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies stated, "This new project is part of WorldWater's aggressive push for a large market share in the rapidly expanding solar business in Europe - Spain, Italy and beyond. We intend to take full advantage of our ENTECH competitive pricing advantages and efficiencies throughout the Mediterranean countries, where the sunny climates are particularly responsive to our 20x concentrator technology."
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 can not only generate and distribute electricity, but can drive 1000 horsepower motors and pumps from sunshine independently or in conjunction with the electric grid, providing 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.
Forward Looking Statements:
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
SOURCE: WorldWater & Solar Techno
