NEW YORK, Jan. 10, 2006 (PRIMEZONE) -- Crystal Research Associates, LLC announced today that it has issued an Executive Informational Overview(r) (EIO(r)) on Pennington, New Jersey-based WorldWater & Power Corp. (OTCBB:WWAT). The full 44-page report can be found at www.crystalra.com, or on WorldWater & Power Corp.'s website, www.worldwater.com .
WorldWater & Power Corporation ("WorldWater" or "the Company") is an international solar engineering and water management company with unique, high-powered solar technology solutions for both water supply and energy problems. The Company markets its patented AquaMax solar electric systems, capable of operating pumps and motors up to 600 horsepower (hp) for irrigation, refrigeration and cooling, and water utilities, making it a breakthrough product delivering mainstream pumping capacity powered by solar technology. The AquaMax System has an electronic board that reads and translates the output of direct current (DC) from solar panels, converting the flow into alternating current (AC) for delivery to water pumps in deep wells, rivers, or 3-phase AC motors. This hybrid solar irrigation system operates on solar power alone, or in combination with an electric grid or a diesel generator. WorldWater also developed the AquaMeter, a solar-powered pre-paid rural water supply device, enabling consumers to buy water with a prepaid electronic smart card. WorldWater additionally markets the Mobile MaxPure, a complete, trailer-mounted solar-powered system designed to pump and purify water for both drinking and food preparation. This system has the ability to draw surface water from lakes, streams, canals, ponds, rivers, wells or other sources and turn it into clean water for up to 5,000 people per day. This system was recently used in the recovery efforts along the U.S. Gulf Coast in the wake of Hurricane Katrina. WorldWater markets its SolPower photovoltaic (PV) power systems, designed for off-grid homes, schools, health clinics, and village community centers, producing electricity for lighting, television, radio, computers, and various other uses. The Company also markets the SolBrite, a solar-charged portable lantern. Formerly known as WorldWater Corp., the Company changed its name in September 2004 to WorldWater & Power Corp., and is headquartered in Pennington, New Jersey.
About Crystal Research Associates, LLC
Crystal Research Associates, LLC is an independent research firm that provides institutional-quality fee-based research to small and mid-cap companies. The Company's unique and novel product, the Executive Informational Overview(R) (EIO(R)), is free of investment ratings, target prices, and forward-looking financial models. The EIO(R) presents a crystal-clear, detailed report on a company (whether public or private) in a manner that is easily understood by the Wall Street financial community. The EIO(R) details a company's product/technology/service offerings, market size(s), key intellectual property (IP), leadership, growth strategy, competition, risks, audited financial statements, key events and other such fundamental information. Crystal Research Associates has offices in New York City, Delray Beach, Montreal, and Toronto. Crystal Research Associates has been compensated by WorldWater & Power Corp. in cash of $20,000 and 175,000 warrants. Please see back of report for complete Company disclosures.
Forward-Looking Safe Harbor Statement
To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Crystal Research Associates, LLC assumes no obligation to update any of the forward-looking statements in this release.