Scott; [WWAT}
WorldWater & Power Corp. Signs $1.145 Million Contract to Provide Solar Power for California Embroidery Plant; With New Contract, Company Announces Revenue Guidance for 2006
PENNINGTON, N.J., Dec 21, 2005 (BUSINESS WIRE) --
WorldWater & Power Corp. (OTC BB: WWAT), developer of proprietary high-powered solar energy systems, today announced that it has signed a $1,145,800 contract to build and install a solar electric power generation system for Quality Embroidery in Los Angeles, California. The photovoltaic (PV) system will provide electricity for the company, and is expected to substantially reduce electrical usage costs for the facility.
With the signing of this contract, on top of its earlier announced 2005 contract backlog of $23 million, the Company issued Revenue Guidance for 2006, projecting Revenue of $25 million to $35 million.
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