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To: Niels Larsen who wrote (364)10/29/2007 12:23:19 PM
From: Skywatcher  Respond to of 384
 
WorldWater & Solar Technologies Corp. Signs Full Merger Agreement with ENTECH, Inc.
Monday October 29, 3:01 am ET
Construction of 50-MegaWatt Plant to Begin Immediately for Spanish Projects

EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (WWAT), developer and marketer of proprietary high-power solar systems, and ENTECH, Inc. of Keller, Texas, a high- tech supplier of solar technology to NASA for space operations, announced today the execution of an Agreement and Plan of Merger pursuant to which ENTECH will merge with and into a wholly-owned subsidiary of WorldWater. Under the terms of the Agreement and Plan of Merger, WorldWater will pay the following consideration to ENTECH stockholders:

* $5 million in cash;
* Shares of common stock of WorldWater based on a formula which, assuming a $2.00 per share price of our common stock, would result in issuance to ENTECH stockholders of common stock valued at approximately $39,300,000; and

* Earn-out consideration calculated as 5% of WorldWater’s gross revenues determined in accordance with generally accepted accounting principles which will be paid until the accumulated total of such earn-out payments to the ENTECH stockholders equals $5,000,000.

In addition to the consideration to be paid to ENTECH’s stockholders, WorldWater will pay $1.3 million of ENTECH’s liabilities at closing and provide $5 million of working capital to commence the manufacture of the ENTECH 20x concentrator systems for a 50 MegaWatt plant in Spain. As a result of this transaction, it is anticipated that ENTECH’s current stockholders will own approximately 6.6% of the fully-diluted post-transaction common stock of WorldWater upon completion of the merger, which is conditioned upon obtaining the requisite stockholder approval to increase WWAT authorized common stock.

As a WorldWater subsidiary, ENTECH will maintain its identity, location, and business operations in both terrestrial and space solar energy. The Company anticipates that ENTECH will continue to perform its contract work for NASA, the U.S. Department of Defense, and other customers, as well as its internal R&D programs.

Starting immediately, the company will begin construction of a 50 MegaWatt plant in Spain, which is expected to be in full production of the ENTECH 20x concentrator solar systems beginning in the second quarter of 2008. WorldWater has signed a Letter of Intent with the Spanish firm M & G Promociones for installation of ENTECH systems for 10 MW in 2008, 10 MW in 2009, 10 MW in 2010 and 50 MW in each of 2011 and 2012. WorldWater also has signed an agreement with Prime Solar Senergy S.L. of Madrid and Barcelona to represent the company in obtaining further business in the burgeoning Spanish solar market.

“This complex merger has taken considerable time since we signed the original Letter of Intent in July 2006, and I appreciate the patience of our shareholders and employees, but we firmly believe that the transaction will prove to be a pivotal point in our company’s history. Together, we expect to become one of the lowest cost providers of solar energy in the world,” said Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies. “This year, we’ve seen explosive interest and tremendous growth opportunities in large solar installations, particularly in places like Spain and the Southwestern United States, and we are now in a position to take the lead in providing multi-megawatts of electricity for major projects.”

Dr. Walter Hesse, CEO of ENTECH, commented, “With the combined technologies of WorldWater and ENTECH, our solar systems will be capable of generating and delivering electrical and thermal energy on site to our customers at prices that are competitive with retail electric levels. ENTECH’s 20x patented concentrator technology combined with WorldWater’s proprietary control devices allow for the installation of large solar ‘farms’ with greatly reduced requirements for solar cell materials, and decreased reliance on rebates or other incentives for the funding of economically competitive installations.”



To: Niels Larsen who wrote (364)10/31/2007 2:04:21 PM
From: Skywatcher  Respond to of 384
 
WorldWater & Solar Technologies Corp. Creates New Position of Director of Communications
Wednesday October 31, 3:01 am ET

EWING, N.J., Oct. 31, 2007 (PRIME NEWSWIRE) -- WorldWater & Solar Technologies Corp. (WWAT), developer and marketer of proprietary high-power solar systems, announced today that Amy Copeman has joined WorldWater in the newly created position of Director of Communications. Amy will report directly to Quentin Kelly, Chairman and CEO, and Bob Magyar, Senior Vice President of Sales. Operating from the Company's headquarters in Ewing, Amy's primary responsibilities will include corporate and media relations, sales marketing communications, and strategic program planning and development.

``The Company is growing so fast that we needed a strong marketing and communications executive to focus on and coordinate the multiple aspects of sales support and corporate communications,'' said Quentin T. Kelly, Chairman and CEO. ``We are extremely pleased that Amy Copeman will fulfill that position. This is a pivotal time for the Company, particularly now that the merger agreement with ENTECH, Inc. has been signed, contributing to our enhanced role in the international solar market. Clearly it is more essential than ever that we communicate effectively to our shareholders.''

Prior to joining WorldWater, Amy was an executive in corporate communications with Wyeth Pharmaceuticals at their headquarters in Madison, NJ. She has also been employed by BergerBrown Communications and the Alden Group Public Relations as an Account Executive in New York City. Amy received her MA in Corporate Communications from Fairleigh Dickinson University and her BA from Rider University in NJ.



To: Niels Larsen who wrote (364)11/8/2007 7:32:26 PM
From: Skywatcher  Respond to of 384
 
WorldWater & Solar Technologies System Commissioned On Trenton Federal Courthouse -- First Solar Installation for U.S. General Services Administration's Mid-Atlantic Region
Thursday November 8, 3:51 pm ET
Ceremony Held November 8 at Courthouse

EWING, N.J., Nov. 8, 2007 (PRIME NEWSWIRE) -- WorldWater & Solar Technologies Corp. (WWAT), developer and marketer of proprietary high-power solar systems, the U.S. General Services Administration (GSA) and the State of New Jersey Board of Public Utilities (NJBPU) today commissioned the new solar system at the Clarkson S. Fisher Courthouse Annex in Trenton, New Jersey.

This is the first solar installation for the GSA Mid-Atlantic Region and the first GSA project for WorldWater. It is projected to yield an energy savings of approximately 50,000-kilowatt hours annually. Installed on the roof of the seven-story Annex, the photovoltaic array will provide a substantial portion of the building's electricity during daylight hours. When offices are closed, the Courthouse will earn net metering credits from PSE&G for system-generated electricity, further reducing the government's utility bill. The project was funded in partnership with the state of New Jersey through the Customer Onsite Renewable Energy (CORE) program administered by NJPBU.

Dignitaries attending the event included: Barbara L. Shelton, Regional Administrator, GSA Mid-Atlantic Region; Mark Ewing, Director, Center for Energy Expertise and Joseph Fiordaliso, Commissioner, State of NJ Board of Public Utilities. WorldWater executives also attended along with Ray Angelini of RAI, WorldWater's joint venture partner in the project, among others.

Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies stated, ``We are encouraged that state and federal governments are aggressively supporting solar power. The Federal Energy Bill that instituted the 30% investment tax credit is spurring investors, creating private sector jobs and benefiting the environment across the country. This milestone GSA project shows how state and federal interests can cooperate to show how public buildings can also benefit from solar, save on electricity, use less fossil fuel and avoid emitting tons of carbon dioxide into our air.''



To: Niels Larsen who wrote (364)11/21/2007 1:33:36 PM
From: Skywatcher  Respond to of 384
 
WorldWater & Solar Technologies Corp. to Unveil New Program at Association of California Water Agencies (ACWA) Fall Conference
Wednesday November 21, 12:30 pm ET
Dr. Anand Rangarajan to Spell Out Solar Program Requiring No Capital Investment to Increase Sustainability, Reduce Electric Costs and Eliminate Carbon Emissions

EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corporation (WWAT), developer and marketer of proprietary high-power solar systems announced today the introduction of WorldWater’s new “ACWA WATT Select Program,” offering solar systems to Association of California Water Agencies (ACWA) members at no investment cost and at energy prices equal to or below grid rates for 20 years or more. ACWA is a statewide association of public water agencies whose 440 members are responsible for about 90% of the water delivered in California.

Dr. Anand Rangarajan, Executive Vice President and Chief Technology Officer of WorldWater and Solar will introduce the program in a major speech to ACWA’s 2007 Fall Conference and Exhibition. The event will be held at Indian Wells, CA from Nov. 27-30.

Dr. Rangarajan will deliver a presentation entitled, “Solar Power Purchase Agreements--Improved Cost and Reliability Performance for Today’s Water Facilities.” He will be joined by Mr. Gary T. Arant, General Manager of the Valley Center Municipal Water District, an ACWA member district that is in the process of building a zero carbon emissions WorldWater solar system under a 20-year Power Purchase Agreement (PPA).

Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies stated, "ACWA is a national leader in championing critical water and related energy infrastructure and supply issues. Given the long-term water and energy demands facing California, the association is effective in driving awareness and helping to focus necessary water planning direction. We are pleased to be a “preferred ACWA vendor” and to have an opportunity to explain how our solar engineering systems and financing programs provide a value-added solution to the state’s water agencies.”

California’s water delivery infrastructure is investigating new ways to cost effectively manage and grow water delivery capability within the state. Dr. Rangarajan will explain the process of calculating savings and the benefits of deploying WorldWater’s proprietary AquaMax™ solar electric systems combined with the PPA finance model to enable water facility management to take advantage of significant long-term cost and environmental benefits.

WorldWater is a preferred solar provider to ACWA and has extensive experience working with California water agencies. In 2006, WorldWater’s patented AquaMax™ technology was installed at California’s Idyllwild Water District, becoming the first and only water utility in the world to be fully self-sustaining through solar power. In August, Valley Center Municipal Water District in San Diego County signed a 20-year PPA for WorldWater to build a 1.2 Megawatt solar system capable of powering multiple 350 hp pumps independent of the grid. Valley Center’s system will incorporate WorldWater’s AquaMax™, the only solar technology capable of powering electric pumps up to 1,000 hp and operate automatically in combination with the electric grid, battery and diesel power. The system will operate unattended and protect Valley Center from peak grid rates during sunny periods.

Dr. Rangarajan holds a Ph.D. in Engineering from the University of Wisconsin and spent several years at MIT’s Lincoln Laboratory. As a solar and water pump specialist, he has over 20 years experience in all aspects of the solar electric business. He has pioneered the development of several proprietary solar–driven water pumping systems, products and markets and his systems are in over 20 countries.

More than 1,600 local water officials are expected to attend the Association of California Water Agencies’ 2007 Fall Conference & Exhibition. Additional speakers include state and federal elected officials and water policy leaders who will discuss the status of California’s water; including recent federal court decisions and potential 2008 water initiatives. Themed, “The Time is Now,” the conference will officially begin Tuesday, Nov. 27 with ACWA committee meetings and continues through Friday, Nov. 30.



To: Niels Larsen who wrote (364)12/10/2007 1:46:50 PM
From: Skywatcher  Respond to of 384
 
WorldWater & Solar Technologies Corp. Receives Order to Supply Solar Powered Mobile MaxPure(TM) Units to Provide Clean Drinking Water and Electricity to Iraqi Farmers
Monday December 10, 3:01 am ET
Morrell Foundation Orders 12 of the WorldWater Portable Units for $900,000 To Donate to the U.S. Military for Distribution to Families in the Euphrates Valley--Each Unit Can Supply 30,000 Gallons Daily of Purified or Irrigation Water Plus Electrical Power for Lights, Motors and Tools
U.S. Army to Pick Up Systems at WorldWater Headquarters December 15 For Immediate Air Delivery to Baghdad--U.S. Marines Will Distribute to Sites Along Euphrates River

EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (WWAT), developer and marketer of proprietary high-power solar systems, today announced that the company will ship 12 of its Mobile MaxPure™ solar water and power-supply units for use by farmers and families in the Euphrates Valley of Iraq. The systems have been purchased for $900,000 and are being donated by the Morrell Foundation, an international charitable foundation that provides clean water to people in need. The portable Mobile MaxPure™ systems can each supply 30,000 gallons per day of clean drinking water or irrigation, plus electric power for Iraqi farmers and their families along the Euphrates River.
At the request of the U.S. Marines at Camp Fallujah, WorldWater and Morrell will supply the systems to the Military for assistance to the farmers. Mobile MaxPure™ is a stand-alone, sturdy and robust 7-foot cube that opens with the press of a button, unfolding a solar array which can deliver 3.2 kilowatts of electrical power and, with the Company’s patented AquaMax™ controls, can pump and purify up to 30,000 gallons of water daily. The unit can also desalinate brackish or sea water. It will operate from sunshine alone or in combination with a power grid. Mobile MaxPure™ is also equipped with a back-up generator and a battery bank for 24-hour use. Delivery of the Morrell donation of the 12 WorldWater units to the U.S. Military for Iraqi placement was organized and managed by Millennium KI, LLC, a military supply contractor for civil action and humanitarian products and works.

The units are scheduled for pick-up and delivery from WorldWater Headquarters in Ewing, NJ by the U.S. Army on December 15 for immediate air shipment to Baghdad and Marine distribution into the Euphrates Valley.

“The Iraqi farmers do not have reliable power from the electric grid to operate their irrigation pumps or treat their water for drinking,” said Quentin T. Kelly, Chairman & CEO of WorldWater & Solar Technologies Corp. “When we received an e-mail from the Marines at Camp Fallujah requesting water purification units, we moved immediately. Morrell and Millennium responded equally. I understand families are drinking directly from the river, which of course is seriously polluted. Within 30 minutes of Max’s arrival on site, the people will be able to drink purified water from the river and able to start irrigating crops.”

Paul Jeffries, CFO of the Morrell Foundation said, “Dedicated to providing hope and assistance to people across the world, we are so pleased to work with WorldWater & Solar Technologies Corp. and the U.S. Military to provide this equipment, which we believe will be essential in helping to improve the quality of life to residents along the Euphrates River, as well as enabling them to provide basic needs for themselves. Passionate about humanity and helping others, this is an excellent example of the wide variety of programs that Morrell offers to assist people around the world that have been affected by natural disasters, armed conflict or poverty.”

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 drive motors and pumps up to 1000 hp and provides solutions to a broad spectrum of the world’s electricity and water supply problems, including the capability of driving 1000 hp motors and pumps from sunshine independently or in conjunction with the electric grid. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com, or for information specifically on the Mobile MaxPure™ please visit www.worldwater.com/maxpure.



To: Niels Larsen who wrote (364)2/19/2008 2:37:11 PM
From: Skywatcher  Read Replies (1) | Respond to of 384
 
WorldWater & Solar Technologies Announces $35.64 Million Private Placement with The Quercus Trust
Wednesday February 13, 3:01 am ET

EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that it has raised $35.64 million from The Quercus Trust (“Quercus”) in a private placement of 20,000 shares of WorldWater Series F Convertible Preferred Stock at a price of $1,782.00 per share. Each share of the Series F Convertible Preferred Stock is convertible into 1,000 shares of WorldWater common stock. Quercus also received warrants to purchase 29 million additional shares of common stock at an exercise price of $1.815. Complete terms of the transaction will be described in a Form 8-K to be filed with the Securities and Exchange Commission.
“Thanks to the steadfast commitment of the Quercus Trust, WorldWater now has the funds critical to drive future growth,” said Quentin T. Kelly, Chairman and CEO. “A portion of the financing will be utilized to complete the construction of our 50 MW production plant in Texas, which is vital to the many large awards we are now pursuing. The funds will also be used to hire staff, support global expansion, and bolster our R&D. WorldWater is clearly positioned for a strong 2008 and, with the acquisition of ENTECH now complete, ramping up to meet the rapidly-developing demand for solar energy worldwide.”

Prior to February 8, 2008, The Quercus Trust and its affiliates owned shares of WorldWater common stock and preferred stock convertible into shares of WorldWater common stock representing approximately 11.5% of the equity ownership in the Company on a fully diluted basis. With this agreement, the Quercus Trust and its affiliates will own approximately 24.1% of the equity ownership in WorldWater on a fully diluted basis.



To: Niels Larsen who wrote (364)2/22/2008 1:17:30 PM
From: Skywatcher  Read Replies (1) | Respond to of 384
 
WorldWater & Solar Technologies Corp. Ships 12 Solar Powered Mobile MaxPure(R) Units to Iraq, Providing Clean Drinking Water and Electricity to Farmers and Their Families
Friday February 22, 3:01 am ET
Each Unit Requested by U.S. Marines at Camp Fallujah Will Supply up to 30,000 Gallons Daily of Purified or Irrigation Water Plus Electrical Power for Lights, Motors and Tools

EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTCBB:WWAT - News), developer and marketer of proprietary high-power solar systems, today shipped 12 of its Mobile MaxPure® solar water and power-supply units for immediate air delivery to Baghdad. The portable Mobile MaxPure® systems will supply up to 30,000 gallons per day of clean drinking water or irrigation, plus electric power for Iraqi farmers and their families along the Euphrates River. At the request of the U.S. Marines at Camp Fallujah, WorldWater and the Morrell Foundation are supplying the systems which will be distributed by the U.S. Marines as part of a humanitarian effort.

ADVERTISEMENT
Purchased for $900,000, the units have been donated by the Morrell Foundation, an international charitable foundation that provides clean water to people in need. Additional funding was also provided to cover the cost of transporting the units to Iraq. The WorldWater units were picked up today and loaded onto trucks for delivery to JFK International Airport.

Mobile MaxPure® is a stand-alone, sturdy and robust 7-foot cube that opens with the press of a button, unfolding a solar array which can deliver 3.2 kilowatts of electrical power and, with the Company’s patented AquaMax™ controls, can pump and purify up to 30,000 gallons of water daily. The unit can also desalinate brackish or sea water. It will operate from sunshine alone or in combination with a power grid. Mobile MaxPure® is also equipped with a back-up generator and a battery bank for 24-hour use.

“The units will arrive at Baghdad Airport next week, where the military will pick them up and distribute them for immediate use by farmers,” said Quentin T. Kelly, Chairman & CEO of WorldWater & Solar Technologies Corp. “Within 30 minutes of setting up a Mobile MaxPure® unit at its destination, the people living along the Euphrates River will be able to have their most basic needs met – clean water to drink and to grow their crops. Currently Iraqi farmers do not have reliable power from the electric grid to operate their irrigation pumps or to treat their water for drinking, and the river is seriously polluted. Our units will turn the brackish water from the river into clean water instantly.”