PENNINGTON, N.J., May 18, 2004 (PRIMEZONE) -- WorldWater Corporation (OTCBB:WWAT) announced today that it has been awarded a grant of $377,500 from 1st Rochdale Cooperative Group Ltd. of New York City, the nation's first urban electricity cooperative.
A Memorandum of Understanding has been signed between WorldWater and 1st Rochdale to join forces in developing solar projects in New York. "The combination of our technology and project implementation expertise, together with 1st Rochdale's aspiration to provide green power to its customer base, is expected to bring cost effective solar power solutions to thousands of customers," stated Dr. Anand Rangarajan, WorldWater's Executive Vice President.
According to 1st Rochdale's Executive Vice President Gregory Wortham, "Working with WorldWater will help us advance (our) mission in a significant way."
1st Rochdale (www.1strochdalenyc.coop) was founded in 1997 to provide families and businesses in New York City and Westchester County with dependable, affordable, and clean energy resources. Through its involvement with the International Program of the National Rural Electric Cooperative Association (NRECA International), 1st Rochdale has expanded its efforts globally, creating a clear synergy with WorldWater's scope of activity.
WorldWater Corp. (www.worldwater.com), a full-service, international solar engineering and water management company with unique, high-powered solar technology, provides solutions to water supply and energy problems. The Company recently patented AquaMax(tm) solar pumping systems, capable of driving motors up to 600hp, making WorldWater the first solar company in the world with the power to deliver mainstream pumping capability.