World of Investment - Das Finanzportal für Ihren Erfolg an der Börse!

Press Release Source: WorldWater & Power Corp.


Worldwater & Power Corp. to Provide Solar Electric System for Richard Stockton College of New Jersey
Friday March 3, 7:30 am ET


PENNINGTON, N.J., March 3, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced the signing of an agreement to install a solar electric power system on the campus of Richard Stockton College of New Jersey in Pomona.
ADVERTISEMENT


The project involves the installation of the photovoltaic system on the roof of a new building that houses faculty offices and academic space. The project is a collaborative effort between WorldWater & Power Corp. and Eastern Energy Services of Southampton, N.J. WorldWater & Power will provide engineering, materials and equipment required to complete the project in accordance with the proposal. Installation contracting services for the project, including permitting and the preparation of plans and drawings related to permitting and construction, will be provided by Eastern Energy Services under contract to the College. A rebate application for the project has been filed with the Customer Onsite Renewable Energy (CORE) program of the New Jersey Board of Public Utilities (NJBPU). Construction is expected to begin in four weeks.

Information about this and other construction projects underway at Stockton College of New Jersey is available at [URL]http://intraweb.stockton.edu/eyos/page.cfm?siteID=32&pageID=24[/URL] on the college's website.

About WorldWater & Power Corp:

WorldWater & Power 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 & Power Corp., visit the website at [URL]http://www.worldwater.com.[/URL]

For more information about Eastern Energy Services, see [URL]http://www.easternenergyservices.com[/URL]

The WorldWater & Power Corporation logo is available at: [URL]http://www.primezone.com/newsroom/prs/?pkgid=1629[/URL]



Contact:
WorldWater & Power Corp.
Media
Rose Mary Schwarz
(609) 818-0700, ext. 33
[EMAIL]rschwarz@worldwater.com[/EMAIL]

Lippert/Heilshorn & Associates, Inc.
Investor
Jody Burfening / Chris Witty
(212) 838-3777
[EMAIL]cwitty@lhai.com[/EMAIL]


--------------------------------------------------------------------------------
Source: WorldWater & Power Corp.

 

Press Release Source: NAI Global


NAI Global and WorldWater & Power Team to Provide Building Owners with Cost-Saving Solar Energy Services
Thursday March 9, 3:36 pm ET


PRINCETON, N.J., March 9 /PRNewswire-FirstCall/ -- NAI Global, the world's only managed network of independently owned commercial real estate brokerage firms, has signed an agreement with WorldWater & Power Corp. (OTC Bulletin Board: WWAT - News) to introduce their solar energy technology to the NAI Global network of commercial property managers and clients.
ADVERTISEMENT


NAI Global will work with WorldWater & Power to identify prospects for the purchase of equipment, electric power or services from WorldWater & Power, a developer and marketer of proprietary high-powered solar systems. In addition, NAI Global may aid in purchase negotiations and governmental approvals necessary for the construction of projects.

NAI Global and WorldWater & Power Corp. previously partnered in the donation of WorldWater & Power's MobileMax Pure(TM), a solar powered mobile water purification system, to Waveland, Mississippi, one of the hardest-hit communities by Hurricane Katrina. The system continues today to provide the only potable water to displaced residents and relief workers in the devastated area.

According to Gerald C. Finn, chairman, founder and CEO of NAI Global, "This agreement offers our clients worldwide a service that translates into significant savings as well as provides considerable conservation of energy and gives WorldWater & Power a way to introduce its innovative technology to a greater market."

"Our collaboration with NAI Global has the potential of being very beneficial for both firms," said Quentin T. Kelly, chairman of WorldWater & Power. "NAI strongly supports the use of solar energy, as we saw in our collaboration in Waveland. With our unique technology and NAI Global's commercial real estate network, we can quickly spread the benefits of solar power."

WorldWater & Power 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, visit [URL]http://www.worldwater.com[/URL] or contact Rose Mary Schwarz at 609.818.0700 ext. 33 or [EMAIL]rschwarz@worldwater.com[/EMAIL].

NAI Global is the worlds only managed network of independently owned commercial real estate services firms, with over 300 offices in over 40 countries. Since 1978, NAI Global clients have built their businesses on the power of NAI's expanding network. NAI Global's extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence and related consulting and advisory services. To learn more, visit [URL]http://www.naiglobal.com.[/URL]




--------------------------------------------------------------------------------
Source: NAI Global

 

Meiner Meinung nach immer noch verheißungsvoll diese Aktie!

 

Yahoo! My Yahoo! Mail Make Yahoo! your home page
Sign In
New User?Sign Up
Finance Home - Help



HomeInvestingNews & CommentaryRetirement & PlanningBanking & CreditLoansTaxesSpecial EditionsColumnistsPersonal FinanceInvesting IdeasMarketsCompany FinancesProvidersGet QuotesSymbol LookupFinance Search



Press Release Source: WorldWater & Power Corporation


WorldWater & Power Corp. Wins $1.9 Million Bid from Liberty Science Center for Two Solar Electric Systems
Monday April 3, 7:30 am ET


PENNINGTON, N.J.--(BUSINESS WIRE)--April 3, 2006--WorldWater & Power Corp. (OTCBB:WWAT - News), developer and marketer of proprietary high-power solar systems, today announced that it has won a $1.9 million dollar bid award to design and install two solar electric systems at the Liberty Science Center, the most visited science museum in New Jersey. After signing the award letter, Connie Claman, Vice President of Resource Administration for the Center, said, "We all look forward to working with WorldWater & Power to implement the solar power program at the Liberty Science Center. This will be a particularly appropriate installation for the expanded Science Center and will provide great visibility to the benefits of solar power to the citizens of the regions."
ADVERTISEMENT


One photovoltaic installation, a 122 kW unit, is to be mounted on the roof of the newly expanded Liberty Science Center facility and will face the Statue of Liberty as a symbol of clean, renewable energy. The other, a 105 kW installation, is a "Solar Walkway" that will lead from the bus parking lot to the center's main entrance. Here, overhead solar panels will serve double-duty as a canopy to protect visitors from the elements while generating electric power from the sun. Both units are expected to substantially reduce the Liberty Science Center's utility costs.

Quentin T. Kelly, WorldWater & Power's Chairman, also commented, "The Liberty Science Center is performing a valuable public service by educating visitors on the advantages of solar power. Most people are unaware that New Jersey has one of the highest, most active rebate programs for residential and commercial purchasers of solar electric systems in the country. New Jersey homeowners, public utilities and industries are seeing that the generous rebates in this state make our solar systems affordable and the substantial energy savings essentially pay for the equipment and installation. With rising utility rates, using supplemental solar power just makes economic sense." Cassandra Kling, WorldWater's Director of Business Development added, "They will not only save on utility costs with clean, reliable energy, but will be able to demonstrate to visitors that solar technology is a hardworking, practical solution to today's high energy costs. The installations also relate well to the energy exhibits inside the museum and the instruction in science."

About WorldWater & Power Corp.:

WorldWater & Power 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 & Power Corp., visit the website at [URL]www.worldwater.com.[/URL]

Forward Looking Statement:

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.



Contact:
WorldWater & Power Corporation
Jessie Sullivan, 609-818-0700 X20
[EMAIL]JSullivan@worldwater.com[/EMAIL]
or
Press Contact:
Mike Breslin Productions LLC
Mike Breslin, 201-652-1287
[EMAIL]mbrez@aol.com[/EMAIL]
or
Investor Contact:
Lippert/Heilshorn & Associates, Inc.
Jody Burfening, 212-838-3777
or
Chris Witty, 212-838-3777
[EMAIL]cwitty@lhai.com[/EMAIL]

--------------------------------------------------------------------------------
Source: WorldWater & Power Corporation

 

SK 0,54 $. Es sieht gut aus!

 

Press Release Source: WorldWater & Power Corp.


WorldWater & Power Corp. Provides Installation to Inaugurate New Solar System at DuPont
Tuesday April 11, 12:01 pm ET


PENNINGTON, N.J.--(BUSINESS WIRE)--April 11, 2006--WorldWater & Power Corp. (OTCBB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, announced that its Chairman, Quentin T. Kelly, participated today at the inauguration of DuPont's new solar energy program, featuring a system designed and installed by WorldWater, at DuPont's Chestnut Run facility in Wilmington, Del. Leading the inaugural event were DuPont Chairman and CEO Charles O. Holliday, Jr. and Delaware Governor Ruth Ann Minner.
ADVERTISEMENT





The 40 Kilowatt solar system, DuPont's solar generated electricity at one of its facilities, will convert the sun's energy into electricity for an R&D and business building at the site.

"As one of the earliest pioneers in practical solar powered solutions we are naturally proud that our 25 year effort has led to our participation in this leading edge project," Mr. Kelly said. "Moreover, to be involved with a world innovator in science like DuPont is a high distinction for our company."

DuPont offers the broadest portfolio in the market, with eight essential products. In addition to three sites in the U.S., the company is conducting research on solar energy in the U.K., Switzerland, China and Japan. DuPont has made a corporate commitment to have at least 10 percent of its power produced by renewable energy sources by 2010, some of which will be supplied through solar panel technology. Today, over five percent of its power is produced by renewable energy sources. Solar panels convert light into electrical energy through the use of photovoltaic solar cells. The cell assemblies are encapsulated into water-resistant panels for protection from moisture and impact.

WorldWater & Power Corporation is a leader in solar electric engineering, water management solutions and solar installations and products. Its high-powered, patented solar technology is at work in over 20 countries around the world. In the US, it provides solar electric, water pumping and purification technology to agribusinesses, industries, schools, communities, homeowners and emergency responders. The company is responsible for major breakthroughs in solar power technology and holds numerous solar-related patents.

For more information about WorldWater & Power Corp., visit the website at [URL]www.worldwater.com.[/URL]



Contact:
WorldWater & Power Corp.
Jessie Sullivan, 609-818-0700 X20
[EMAIL]JSullivan@worldwater.com[/EMAIL]
or
Press Contact:
Mike Breslin Productions LLC
Mike Breslin, 201-652-1287
[EMAIL]mbrez@aol.com[/EMAIL]
or
Investor Contact:
Lippert/Heilshorn & Associates, Inc.
Jody Burfening / Chris Witty, 212-838-3777
[EMAIL]cwitty@lhai.com[/EMAIL]

--------------------------------------------------------------------------------
Source: WorldWater & Power Corp.

 

Yahoo! My Yahoo! Mail Make Yahoo! your home page
Sign In
New User?Sign Up
Finance Home - Help



HomeInvestingNews & CommentaryRetirement & PlanningBanking & CreditLoansTaxesSpecial EditionsColumnistsPersonal FinanceInvesting IdeasMarketsCompany FinancesProvidersGet QuotesSymbol LookupFinance Search



Press Release Source: WorldWater & Power Corp.


WorldWater & Power Corp. Signs $295,000 Contract to Provide Solar Technology to Voorhees Township Public Schools
Tuesday April 25, 3:01 am ET
Rooftop Mounted Solar Unit at Middle School Will Sharply Reduce Operating Expenses


PENNINGTON, N.J., April 25, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced the signing of a $295,301 contract to provide design, engineering and solar equipment for the Voorhees Township Public Schools in Voorhees, New Jersey. The primary contractor for the project is Ray Angelini, Inc. (RAI) of Sewell, New Jersey. Construction will begin immediately for the installation of photovoltaic panel array on the roof of the Voorhees Middle School on Hollyoak Drive. WorldWater's patented electronics will automatically control power delivery to the school and manage the net metering of surplus electricity back to the utility to earn renewable energy credits.
ADVERTISEMENT


Quentin T. Kelly, Chairman of WorldWater & Power Corp. commented on the signing. ``This is our first solar installation for a school in New Jersey. We are highly optimistic that more school boards will take advantage of the generous rebates from New Jersey's Clean Energy Program that pay for about 50% of the solar equipment and installation. In addition, the school will be earning energy credits currently valued at $0.22 per kilowatt-hour while showing the community that solar power is a clean, highly cost-effective alternative to skyrocketing energy costs.''

Chris Sherring, WorldWater's Project Manager, added, ``School buildings are ideal candidates for solar installations. They usually have very large flat roofs that are not shaded by trees. Solar panel arrays are installed so they are non-penetrating to the roof structure and do not compromise waterproofing. The Voorhees' school will be generating solar power 'year round, but when it's closed during the hottest summer months, it will be earning very large renewable energy credits by sending solar generated electricity back to the utility company. This will sharply reduce their overall annual operating expenses.''

Camden County's Voorhees Township has had a population increase to more than 28,000 people over the past ten years. Median family income of the Township is one of the highest in South Jersey.

About Ray Angelini, Inc. (RAI):

RAI Contractors - Engineers is a New Jersey based firm that has been in business for more than 30 years. Licensed in New Jersey, Pennsylvania, and Delaware, RAI operates primarily in the tri-state area but has performed work as far West as Hawaii and in Europe in Germany and Portugal. RAI is made up of seven separate divisions designated as follows: General Construction/Design Build, Commercial Electrical Division, Industrial Electrical Division, Transit/Signaling/Heavy Rail Division, Communications/Data-com Division, TEGG/Energy Conservation & Maintenance Testing Division, Solar & Alternative Power Division.

About WorldWater & Power Corp:

WorldWater & Power Corp. is a leader in solar electric engineering, water management solutions, solar energy installations and products. Its solar technology is at work in over 20 countries around the world. In the U.S., it provides solar electric, water pumping and purification technology to agribusiness, industry, schools, communities, homeowners and emergency responders. The company is responsible for major breakthroughs in solar power technology and holds numerous solar-related patents.

For more information about WorldWater & Power Corp., visit the website at [URL]http://www.worldwater.com.[/URL]

The WorldWater & Power Corporation logo is available at [URL]http://www.primezone.com/newsroom/prs/?pkgid=1629[/URL]



Contact:
WorldWater & Power
Jessie Sullivan
(609) 818-0700 ext. 20
[EMAIL]JSullivan@worldwater.com[/EMAIL]

Mike Breslin Productions LLC
Press Contact:
Mike Breslin
(201) 652-1287
[EMAIL]mbrez@aol.com[/EMAIL]

Lippert/Heilshorn & Associates, Inc.
Investor Contact:
Jody Burfening
Chris Witty
(212) 838-3777
[EMAIL]cwitty@lhai.com[/EMAIL]


--------------------------------------------------------------------------------
Source: WorldWater & Power Corp.

 

WorldWater & Power Corp. and Saint Joseph of the Palisades High School Sign Contract for $1.3 Million Rooftop Solar System
School Selects WorldWater's Alternative Clean Energy Services, ACES, Plan to Reduce Electric Costs
E-mail | Print | | Disable live quotes Last Update: 3:01 AM ET May 1, 2006


PENNINGTON, N.J., May 1, 2006 (PRIMEZONE via COMTEX) -- WorldWater & Power Corp. (WWAT : worldwater & power corp com
News , chart, profile, more
Last: 0.440.000.00%

9:03am 05/01/2006

Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
WWAT0.44, 0.00, 0.0%) , developer and marketer of proprietary high-power solar systems, today announced that Saint Joseph of the Palisades High School of West New York, N.J., part of the Archdiocese of Newark, has contracted with WorldWater to purchase electrical energy for 10 years generated by a solar electric system. The solar panel array will be installed on the school's roof. Under WorldWater's Alternative Clean Energy Services (ACES) plan, St. Joseph's will not incur any start-up costs for the installation and the school will receives a 10% discount on their cost for power compared to their electric rate. The installation of the solar energy system at the school guarantees that the school will save money on electric costs immediately and on a long-term basis. The construction value of the project is $1.3 million.
WorldWater & Power Corp. will design, install, own and maintain the solar energy system on St. Joseph's roof. The school will remain connected to the electric grid and will receive power from both the utility and its solar rooftop unit.
"We expect our solar power will offset approximately 50% of the school's electricity and they will be buying that solar power at a 10% discount below their utility rate. Over the next 10 years, they will save a significant dollar amount for the school to put to other beneficial uses," said Quentin T. Kelly, Chairman of WorldWater & Power Corp.
In New Jersey, customers of electrical utilities can generate their own on-site solar power and receive kilowatt-hour for kilowatt-hour "net metering" credits for the power they return to the utility company. School buildings are particularly well suited for solar installations, because they usually have large, flat roofs and the solar panels used by WWPC can be installed to optimize solar energy collection -- turning an empty spot into a revenue producing asset. With WorldWater's ACES plan the customer assumes no risks, no start-up costs and no membership fees. The ACES plan guarantees the customer savings from the first day of service and every day thereafter for a minimum of 10 years. At the end of that term, the customer has the option of continuing to buy solar power at a discounted rate or buying the solar system at a reduced price to reap even more savings on electric cost. The ACES Plan allows customers to choose clean reliable solar energy instead of settling for traditional utility power and increasing utility rates.
St. Joseph of the Palisades High School is a parish owned Roman Catholic co-educational school with the mission of serving the spiritual, educational and social needs of students from the surrounding communities. Approximately 300 students, grades 9-12, are enrolled for the 2005-2006 academic year. Students participate in a rigorous college preparatory program, which has resulted in over 90% of graduates being accepted by colleges and universities. The school exceeds the graduation requirements of the Archdiocese of Newark and the State of New Jersey. Under the present administration, enrollment has increased by 35% in the high school over the past 3 years. During that time, several renovation projects have been completed to enhance the pool, student center, computer lab, auditorium, chapel, main office, library and conference rooms.
About WorldWater & Power Corp:
WorldWater & Power 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 & Power Corp., visit the website at [URL]www.worldwater.com.[/URL]
The WorldWater & Power Corporation logo is available at [URL]http://www.primezone.com/newsroom/prs/?pkgid=1629[/URL]
This news release was distributed by PrimeZone, [URL]www.primezone.com[/URL]
SOURCE: WorldWater & Power Corp.
WorldWater & Power
Jessie Sullivan
(609) 818-0700 ext. 20
[EMAIL]JSullivan@worldwater.com[/EMAIL]

Mike Breslin Productions LLC
Press Contact:
Mike Breslin
(201) 652-1287
[EMAIL]mbrez@aol.com[/EMAIL]

Lippert/Heilshorn & Associates, Inc.
Investor Contact:
Jody Burfening / Chris Witty
(212) 838-3777
[EMAIL]cwitty@lhai.com[/EMAIL]

 

Press Release Source: WorldWater & Power Corp.


WorldWater & Power Announces School Contract Worth $850,000 with North Jersey School
Thursday May 11, 7:30 am ET


PENNINGTON, N.J., May 11, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced the signing of a contract with the Gerrard Berman Day School, Solomon Schechter of North Jersey (GBDS-SSNJ) located in the Bergen County community of Oakland. Under the terms of the agreement, GBDS-SSNJ will purchase solar generated electricity from a system provided by WorldWater & Power that will be installed on the school's roof. GBDS-SSNJ will not pay for the system or installation but rather commits to buying solar electricity from a third party financing entity for the next ten years at a discounted rate, 10% below their electric utility rate.
ADVERTISEMENT


By accepting WorldWater's Alternative Clean Energy Services (ACES) plan, the school is guaranteed to save money over a 10-year period, as the solar electricity will provide approximately 50% of the school's power needs. At the end of the contract term, the school can buy the system at a discounted rate and save additional money. The school will remain connected to the electric grid and will receive power from the solar rooftop unit along with the electric utility. WorldWater & Power's technology will ensure automatic and seamless integration between both power sources. The construction value of this project is $850,000.

``We have received numerous inquiries about our ACES plan, and this contract represents the second award in just two weeks - following on the footsteps of St. Joseph's High School of the Palisades in West New York, N.J.,'' said Quentin T. Kelly, Chairman of WorldWater & Power Corp. ``Our ACES plan is definitely a 'win-win' for any New Jersey organization, particularly municipalities, schools or businesses with high power bills. The ACES plan allows organizations to benefit from solar savings over a long period of time, demonstrating that solar energy is a practical, cost-effective solution to today's high energy costs - costs which are expected to escalate.''

WorldWater & Power Corp. will design and maintain the solar energy system at the Gerrard Berman Day School. The installation partner for the project will be Clear Skies Group of West Hempstead, New York.

Ezra Green, CEO of Clear Skies Group, commented, ``We're proud to be working with WorldWater. We know they are a quality driven team because we have collaborated with them in the past to bring other successful renewable energy projects to New Jersey.''

In New Jersey, customers of electrical utilities can generate their own on-site solar power and receive kilowatt-hour for kilowatt-hour ``net metering'' credits for the power they return to the utility company. Many buildings in New Jersey are well suited for solar installations because they usually have large, flat roofs where solar panels can be installed to optimize solar energy collection - turning an empty area into a revenue-producing asset. With WorldWater & Power's ACES plan, the customer assumes no risks, no start-up costs and no membership fees. The ACES plan guarantees the customer savings from the first day of service and every day thereafter for a minimum of 10 years. At the end of that term, the customer has the option of continuing to buy solar power at a discounted rate or buying the solar system at a reduced price to reap even more savings on electric cost.

About WorldWater & Power Corp.:

WorldWater & Power 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 & Power Corp., visit the website at [URL]http://www.worldwater.com.[/URL]

The WorldWater & Power Corporation logo is available at [URL]http://www.primezone.com/newsroom/prs/?pkgid=1629[/URL]

About Clear Skies Group:

Clear Skies Group is one of the few solar energy integrators in the United States that has an in-house R&D department. It was started in order to develop the technologies needed for Clear Skies Group to offer a wide range of innovative products to ensure a comprehensive energy support system. Integration design, data processing, computer programming and data retrieval are just a few of the products and services that are available.



Contact:
WorldWater & Power Corp.
Jessie Sullivan
(609) 818-0700 X20
[EMAIL]JSullivan@worldwater.com[/EMAIL]

Mike Breslin Productions LLC
Press Contact:
Mike Breslin
(201) 652-1287
[EMAIL]mbrez@aol.com[/EMAIL]

Lippert/Heilshorn & Associates, Inc.
Investor Contact:
Jody Burfening / Chris Witty
(212) 838-3777
[EMAIL]cwitty@lhai.com[/EMAIL]


--------------------------------------------------------------------------------
Source: WorldWater & Power Corp.

 

WorldWater & Power Announces New Financing of Up To $6.9 Million
Tuesday May 16, 7:30 am ET


PENNINGTON, N.J.--(BUSINESS WIRE)--May 16, 2006--WorldWater & Power Corp. (OTCBB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that it has signed a term sheet for up to $5.0 million in financing through the sale of convertible debentures lead by an existing institutional investor. Additionally, the existing institutional investor has agreed to exercise warrants which will result in the infusion of $1.9 million of additional funds into the Company. The debentures are comprised of two tranches, with up to $3.0 million to be funded upon closing of the debenture transaction and up to $2.0 million to be advanced upon satisfaction of certain conditions. The debentures are convertible into common stock of the Company at the lower of the 10-day volume weighted average price prior to closing or $0.40 per share. The debenture agreement is subject to completion of due diligence and definitive documentation. WorldWater & Power expects to close the $3.0 million tranche and receiving funding within ten business days.
ADVERTISEMENT


"By providing additional financing to cover our growth requirements, an existing investment firm has shown its conviction in our technology and business model," commented Quentin T. Kelly, Chairman of WorldWater & Power Corp. "As we respond to the demands of the marketplace, we expect to see sequential growth which validates our unique applications, rapid response time, and dedication to customers seeking long-term solar solutions to their energy needs."

About WorldWater & Power Corp:

WorldWater & Power 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 & Power Corp., visit the website at [URL]www.worldwater.com.[/URL]



Contact:
WorldWater & Power Corp.
Jessie Sullivan: 609-818-0700 x20
[EMAIL]JSullivan@worldwater.com[/EMAIL]
or
Press Contact:
Mike Breslin Productions LLC
Mike Breslin, 201-652-1287
[EMAIL]mbrez@aol.com[/EMAIL]
or
Investor Contact:
Lippert/Heilshorn & Associates, Inc.
Jody Burfening, 212-838-3777
or
Chris Witty, 212-838-3777
[EMAIL]cwitty@lhai.com[/EMAIL]

--------------------------------------------------------------------------------
Source: WorldWater & Power Corp.