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WorldWater & Power Achieves Record Revenue for Quarter and Gives Guidance for Fourth Quarter Tuesday October 10, 12:39 pm ET PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-horsepower solar systems, today announced preliminary results for the third quarter ended September 30, 2006 and provided guidance for the remainder of 2006 and for 2007. Revenue for the third quarter, a record, will be in the range of $5.8 - $6.1 million, and gross margins will also be at record highs. In addition, the company announced that it is making substantial progress toward completion in the fourth quarter of its largest installment to date, the $7.8 million Farm ACW avocado ranch in California. WorldWater & Power expects that revenue in the fourth quarter will be between $8.5 and $9.2 million, with additional improvement in gross profits. ADVERTISEMENT "We are very pleased to announce that, as expected, we will post our best quarter in the company\'s history when we report full financial results in mid-November," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and have basis to project significantly stronger growth in 2007. We also expect to close the Entech acquisition by the end of 2006 and are currently submitting joint bids on projects as large as 50 Megawatts in size. In addition, geopolitical events continue to provide tremendous growth opportunities for the solar industry." 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 Corp. Jessie Sullivan, 609-818-0700 X20

 

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Press Release Source: WorldWater & Power Corp. WorldWater & Power Corp. Granted New U.S. Patent For 'Maximum Power Point Speed Control' Monday October 23, 7:30 am ET Solar Company Now Has Five Patents Issued and Six Pending PENNINGTON, N.J., Oct. 23, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that the U.S. Patent and Trademark Office has granted the company's patent application for ``Maximum Power Point Speed Control.'' The new invention relates to the operation of AC Motors and Motor Drives that convert power from a DC source (such as sun power) to AC, and operates the motor at maximum power as the power from the DC source varies. In making the announcement, Chairman Quentin T. Kelly commented, ``This new technology is a continuation of WorldWater's pioneering advances in solar energy. Congratulations to Tom McNulty, our Director of Engineering, and Juan Horta, Electrical Design Engineer, the primary inventors.'' The WorldWater & Power development replaces hardware with software, enabling the motor to change speeds in order to operate optimally with the available power from the sun. It operates in conjunction with the company's other proprietary technologies that drive electric motors up to 600 horsepower on solar power alone. 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 electricity, motor drives and water pumping and purification technology to agribusiness, water utilities, 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 [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 X20 [EMAIL]JSullivan@worldwater.com[/EMAIL] Press: Mike Breslin Productions LLC Mike Breslin (201) 652-1287 [EMAIL]mbrez@aol.com[/EMAIL] -------------------------------------------------------------------------------- Source: WorldWater & Power Corp.

 

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Press Release Source: WorldWater & Power Corp. WorldWater & Power Corp. Begins Construction of $402,482 Solar System at International Center for Water Technology Tuesday October 24, 7:30 am ET FRESNO, Calif., Oct. 24, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, announced here today the construction start of a $402,482 solar electric system at The International Center for Water Technology (ICWT) at California State University, Fresno's new building located on the Fresno campus. Founded in 2001, ICWT educates, promotes and assists in the development and adoption of innovative technologies that improve water utilization, reduce energy demand and positively affect air quality. The rooftop photovoltaic system incorporates WorldWater's proprietary Aquamax technology that is capable of powering electric motors up to 600 horsepower at variable speeds operating on solar power alone. In making the announcement, David Zoldoske, ICTW's Director said, ``The system will be a valuable teaching tool for students, but it's much more than that. This advanced technology ties into the Million Solar Roofs initiative recently signed into law by our Governor and it will be used as part of a business incubator for entrepreneurs interested in starting companies in the fields of water and renewable energy.'' The new building is a partnership between ICWT and the Central Valley Business Incubator. Five offices are available to start-up companies. They will have access to WorldWater's solar system to help advance their technologies. ICWT will also help with the development of business and marketing plans, and introductions to industry. Quentin T. Kelly, Chairman of WorldWater & Power commented, ``We are delighted to be associated with the International Center of Water Technology to help future farmers and water management professionals utilize solar to reduce grid demand and improve air quality.'' WorldWater & Power Corp. is one of only two companies selected by the Association of California Water Agencies (ACWA) as a Preferred Solar Partner. WorldWater recently built the world's first solar powered pumping system at a water utility for California's Idyllwild Water District. 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 US, 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 [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 X20 [EMAIL]JSullivan@worldwater.com[/EMAIL] Mike Breslin Productions LLC Press Contact: Mike Breslin (201) 652-1287 [EMAIL]mbrez@aol.com[/EMAIL] -------------------------------------------------------------------------------- Source: WorldWater & Power Corp.

 

Yahoo!My Yahoo!Mail Make Y! your home pageYahoo! SearchSearch:Sign In New User? Sign UpFinance Home -Help HomeInvestingNews & OpinionRetirementBanking & CreditLoansInsuranceSmall BizSpecial EditionsColumnistsPersonal FinanceInvesting IdeasMarketsCompany FinancesProvidersGet QuotesSymbol LookupFinance Search Press Release Source: WorldWater & Power Corp. WorldWater & Power Corp. Granted Second U.S. Patent in One Week Wednesday October 25, 7:30 am ET AC/DC Hybrid Power Systems PENNINGTON, N.J., Oct. 25, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that the U.S. Patent and Trademark Office has granted the company a second patent application in one week. ADVERTISEMENT The new invention, ``AC/DC Hybrid Power Systems,'' relates to a hybrid electric system where solar DC power and AC grid power are blended together to deliver output power. By combining the two power sources, WorldWater can deliver power at a higher efficiency that results in lower cost. There are no external or internal switching components and the system is designed so both alternating and direct current sources are always available to maintain the required output power. The earlier patent granted and announced this week was ``Maximum Power Point Speed Control.'' The new patents make six patents issued to WorldWater & Power Corp., with five more pending. ``It doesn't take an electrical engineer to recognize the major significance these technological advances bring to the industry and our customers...the benefits in cost saving and the flexibility to automatically call on grid or solar power are tremendous,'' said Quentin T. Kelly, Chairman of WorldWater & Power Corp. The application of AC/DC Hybrid Power Systems is for solar powered electrical systems, motors, and water pumps, and works in conjunction with the company's other proprietary technologies that allow the operation of electric motors up to 600 horsepower on solar power alone. 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 electricity, motor drives and water pumping and purification technology to agribusiness, water utilities, 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 X20 [EMAIL]JSullivan@worldwater.com[/EMAIL] Mike Breslin Productions LLC Press Contact: Mike Breslin (201) 652-1287 [EMAIL]mbrez@aol.com[/EMAIL] -------------------------------------------------------------------------------- Source: WorldWater & Power Corp.

 

Press Release Source: WorldWater & Power Corp. WorldWater & Power Corp. Wins Its First U.S. General Services Administration Contract Bid for Solar System at Federal Courthouse in Trenton Wednesday November 1, 11:47 am ET PENNINGTON, N.J., Nov. 1, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTC BB:WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that the company has been awarded a $346,694 contract by the U.S. General Services Administration (GSA) to build a solar electric system at the Clarkson S. Fisher U.S. Courthouse Annex in Trenton, New Jersey. The project is a joint venture with Ray Angelini, Inc. (RAI) of Sewell, New Jersey. The WorldWater winning bid calls for the installation of photovoltaic panels on the roof of the seven-story glass tower, which was completed in 1996. The solar system will provide a portion of the Annex's electricity and the Federal Government will earn ``net metering'' credits for its solar electric production from PSE&G when the offices are closed. Approximately $147,500 of the construction cost will be paid in the form of a rebate from the New Jersey Clean Energy Program. ADVERTISEMENT Quentin T. Kelly, Chairman of WorldWater & Power commented on the new contract, ``As far as we know, this is the first contract awarded by the GSA Mid-Atlantic Region to build a solar electric system and we are proud to be the winning bidder. GSA's commitment to a clean, efficient energy benefits everyone with better air quality and helps taxpayers by lowering the operational costs of government facilities.'' GSA is a centralized, federal procurement, property management, policy development and information provision agency created by Congress to improve government efficiency and help federal agencies better serve the public. GSA is committed to incorporating principles of sustainable design and energy efficiency into all of its building projects. To evaluate and measure its green building achievements, all GSA new construction and substantial renovations must be certified through the Leadership in Energy and Environmental Design (LEED(r)) Green Building Rating System of the U.S. Green Building Council. 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 US, it provides solar electric, water pumping and purification technology to water utilities, 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 visit [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 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. For more information visit [URL]http://www.raiservices.com[/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] -------------------------------------------------------------------------------- Source: WorldWater & Power Corp.

 

Press Release Source: WorldWater & Power Corp. WorldWater & Power Announces Third Quarter Results Tuesday November 14, 4:30 pm ET Achieves Record Revenue for the Quarter of $6.5 million Record Gross Margins of 22% PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Power Corp. (OTCBB:WWAT.OB - News), developer and marketer of proprietary high-horsepower solar systems, today announced results for the third quarter ended September 30, 2006. Revenue for the third quarter was $6.5 million with gross margins of 22%. The company had given preliminary guidance of revenue in the range of $5.8 - $6.1 million for the quarter. ADVERTISEMENT "We are very pleased to announce, as expected, our best quarter in the Company\'s history," said Quentin T. Kelly, Chairman of WorldWater & Power Corp. "We are on course for continued improvement during the fourth quarter and project significantly stronger growth in 2007." Financial Results: Revenue for the third quarter was $6.5 million, compared with $0.6 million reported in the third quarter of 2005. Gross profit for the quarter was $1.5 million or 22.2% gross margin, versus a loss of $0.2 million in the prior-year period. The company posted an operating loss of $0.4 million compared with an operating loss of $1.4 million in the third quarter of 2005. Net loss for the third quarter was $0.8 million, or $(0.01) per share, compared to a loss of $4.8 million, or $(0.05) per share, in the prior-year period. For the first nine months of fiscal 2006, WorldWater reported revenue of $10.3 million, versus $0.8 million in the same period last year. Gross profit was $1.9 million for the first three quarters of 2006, as compared with a loss of $(0.2) million in 2005. Net loss for the period was $6.3 million, or $(0.05) per share, versus a net loss of $7.5 million, or $(0.08) per share, in the same period last year. 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]

 

Press Release Source: WorldWater & Power Corp. WorldWater & Power Corp. and EMCORE Corporation Announce Stock Purchase and Strategic Partnership Agreement Thursday November 30, 7:30 am ET EMCORE Agrees to Invest $18 Million Companies to Cooperate in System Development and Terrestrial Marketing of Solar Concentrator Cell and Systems Technology PENNINGTON, N.J.--(BUSINESS WIRE)--WorldWater & Power Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-horsepower solar systems, and EMCORE Corporation today jointly announced that they have signed a strategic partnership and that EMCORE has agreed to purchase 26.5% on a fully diluted basis of WorldWater for $18 million in cash. In return, EMCORE will receive convertible preferred stock and warrants of WorldWater. ADVERTISEMENT The two companies also announced the formation of a strategic alliance and supply agreement under which EMCORE is the exclusive supplier of high-efficiency multi-junction solar cells, assemblies and concentrator subsystems to WorldWater with a contract valued at up to $100 million over the next 3 years. On November 29, 2006, EMCORE invested $13.5 million in WorldWater, representing the first tranche of its $18 million investment. The investment of the remaining $4.5 million second tranche will occur once the definitive strategic agreement is signed and certain other conditions are met. The parties expect the execution of the definitive strategic agreement and second closing to occur before the end of the year. In connection with the investment, EMCORE will also gain two seats on WorldWater's Board of Directors. "This strategic investment represents a shift in EMCORE's terrestrial photovoltaic strategy by becoming, with WorldWater, a solution provider rather than just a component supplier. This investment will add strategic strength to both of our companies," said Reuben F. Richards, Jr., President and CEO of EMCORE. "By connecting EMCORE's space and terrestrial cell technology with WorldWater's specialized electrical drives for applications such as pumping water for water utilities and irrigation for farms, we should command a significant segment of the rapidly growing distributed solar energy market in the U.S. and abroad. A significant percentage of the world's electrical consumption is used to run pumps and motors. WorldWater's broad marketing experience and capabilities combined with EMCORE's terrestrial solar cell and system technology will lead to significant market opportunities for utility scale power as well as for markets on the retail side of the meter such as water pumping for agriculture and village scale power. We are impressed with the progress WorldWater has made, particularly in the last year increasing revenues from $2 million in 2005 to a projected $17 million for 2006." Quentin T. Kelly, WorldWater's Founder and Chairman, commented, "Our technological mix is key to this strategic partnership. Concentrated photovoltaic systems are the keys to reducing the cost per watt of power generated. In addition, this major financing from EMCORE will enable WorldWater to substantially increase our core business of blending and/or replacing the electric grid with solar power and supplying solar electric drives able to operate motors and pumps up to 600 hp for large commercial projects, whether in the agricultural, water utility or other industrial fields." Mr. Kelly added, "EMCORE's $18 million investment will help us to meet our working capital needs in expectation of achieving major growth in revenue next year." 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] About EMCORE: EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optic, satellite and solar power markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high-speed data and telecommunications networks, cable television (CATV) and fiber-to-the-premises (FTTP). EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide (GaAs) solar cells, Covered Interconnect Cells (CICs) and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar concentrator systems. For further information about EMCORE, visit [URL]http://www.emcore.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 Jessie Sullivan, 609-818-0700 ext. 20 [EMAIL]JSullivan@worldwater.com[/EMAIL] -------------------------------------------------------------------------------- Source: WorldWater & Power Corp.