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Technology Stocks : Worldwater Corp -- Ignore unavailable to you. Want to Upgrade?

To: gizmo&jack who wrote (10)	5/3/1999 12:11:00 PM
From: TonyM	Read Replies (1) \| Respond to of 384

where did you find this information.

To: gizmo&jack who wrote (10)	5/3/1999 12:25:00 PM
From: Dave Gore	Respond to of 384

Well whatcha know: WWAT NEWS JUST RELEASED! This one puts WWAT into the really credible category. $250K grant and working with Rutger's University. (PR NEWSWIRE) WorldWater Corp. Wins $250,000 Technology Grant from New Jersey Commission on Science and Technology Company Will Partner with Rutgers University in Developing Drip Irrigation Systems Powered by Proprietary Solar Energy Systems PENNINGTON, N.J., May 3 /PRNewswire/ -- WorldWater Corp. (OTC Bulletin Board: WWAT) of Pennington, NJ, has been awarded a $250,000 grant from the New Jersey Commission on Science and Technology to develop a cost effective method of operating so-called drip irrigation systems with the Company's proprietary solar pumping equipment. WorldWater will act in partnership with Rutgers University to develop the products which will "have the potential to expand the crop potential of agricultural land in New Jersey and other parts of the United States, and should be well-positioned for strong sales in international markets," according to the official statement from the Commission. WorldWater Corp. is a water and solar engineering company which has developed powerful solar pumping systems capable of delivering irrigation water from rivers in volumes up to 2,000 gallons per minute or drinking water from wells several hundred feet deep. The Company is already operating its pumps in 16 countries in Africa and Asia, with pending contracts for power and water delivery projects in South Asia and the Horn of Africa (East Africa). Under the State's "Technology Transfer Program," the grant is "intended to support the acquisition and exploitation of new technologies by New Jersey companies." Comments by the judges regarding the WorldWater-Rutgers project included the following written quotations: "The commercialization plan and potential (is) rated very high."; "The team is up to the task. The plan is reasonable and worthy. The scientific validity of drip irrigation systems and the company's access to current markets bodes well for the project."; "The Company could become a leader in irrigation systems technology worldwide with good impact in New Jersey." SOURCE WorldWater Corporation -0- 05/03/99 /CONTACT: Quentin T. Kelly, CEO, or Thomas Leyden, VP-Marketing, of WorldWater, 609-818-0700/ /Web site: worldwater.com (WWAT)