PENNINGTON, N.J., Sept. 7, 2004 (PRIMEZONE) -- WorldWater Corporation (OTCBB:WWAT), the world's sole provider of cutting edge patented high-volume solar powered technology with diverse commercial applications in a broad range of industries, announced today that it has executed a $2 million contract for its proprietary AquaMax(tm) pumping system at a California citrus ranch. The announcement was made by Quentin T. Kelly, WorldWater chairman and CEO.
WorldWater's proprietary and patented AquaMax(tm) system will drive a high powered 200 horsepower pumping system at the facility, establishing the most powerful solar powered irrigation system in the world. The project represents a quantum leap forward in the deployment of large-scale solar power pumping technology and demonstrates the viability of solar power for broad applications in virtually all industries anywhere in the world.
"While many of the world's finite energy sources are being depleted at a disquieting rate, as evidenced by the current global oil crisis. WorldWater's ability to harness the unlimited power of the sun with our proprietary AquaMax systems represents breakthrough technology," said Mr. Kelly. "Our patented technology can deliver up to 600 horsepower - more than 100 times as powerful as the nearest competitors -- making ours the only products available anywhere in the world that can deliver the water-pumping horsepower required for large scale commercial applications. Installations such as the one at this California agricultural facility clearly demonstrate how WorldWater has enabled solar power to achieve an unparalleled level of practicality and cost-effectiveness for a broad spectrum of commercial mainstream uses."
"California is one of the leading states in the development of solar and renewable energy, and is the proving ground of many of the world's most advanced solar power systems," continued Mr. Kelly. "This new ranch irrigation system is just the latest in a series of major projects in development for WorldWater in California."
Among WorldWater's recent milestones powered by its AquaMax(tm) solar power technology in California are:
-- Supply of a powerful one megawatt solar system for Cerro
Coso Community College in Ridgecrest, projected to furnish
an unprecedented 60% of the institution's electricity
requirements;
-- Design and installation of the world's largest solar-powered
commercial refrigeration system, for a 350 horsepower
hydracooler for a food processing facility in Edison;
-- Development of a 50 horsepower solar pumping system for an
agricultural facility in Firebaugh.
About WorldWater
WorldWater Corp., a full-service, international solar engineering and water management company with unique, high-powered and patented solar technology, provides solutions to a broad spectrum of the world's water supply and energy problems. The Company's recently patented AquaMax(tm) solar pumping systems, capable of driving motors up to an unprecedented 600 horsepower, make WorldWater the first solar company in the world with the power to deliver mainstream motor-drive and pumping capability. The Company is also a pioneering provider of solar powered water systems in the Philippines and developing nations in Africa and Asia.
WorldWater seeks to achieve significant revenue growth and earnings leverage by marketing its proprietary solar technology through multiple channels to a broad spectrum of institutional and private parties anywhere in the world. Prior to the development of the AquaMax technology, solar powered motors were limited in output to only 5 horsepower, and thus incapable of pumping the volume of water required for large scale systems. WorldWater's proprietary AquaMax systems can drive motors up to a revolutionary 600 horsepower, generating significant commercial opportunities for exploitation by WorldWater and vastly expanding the range of applications for clean, renewable solar power in commercial, municipal and institutional mainstream applications. Each day, more solar energy bathes Earth than its 5.9 billion inhabitants consume in equivalent electric power in 27 years, according to the U.S. Department of Energy's National Renewable Energy Laboratory in Golden, Colorado. With many international and domestic governmental agencies increasingly concerned about clean air and water conservation, WorldWater is well positioned to implement its patented AquaMax(tm) systems for the supply of all power needed for the largest irrigation and cooling systems in the world - with no pollution and no excess pumping to foul the air or excessively drain the natural water resource.
It is the opinion of WorldWater's management and board of directors that no other company is better positioned to capitalize on the worldwide demand for next-generation solar technology, as represented by the Company's patented technology. The energy generated by WorldWater is pollution-free, fully renewable, reliable, highly scalable and requires lower operating costs. WorldWater's early-mover advantage, and its next generation solar technology, will enable the Company to exploit a broad range of high revenue and high profit opportunities in both the public and private sectors in multiple worldwide markets, facilitating additional contracts to increase revenues while concurrently lowering costs and increasing margins. For more information about WorldWater and its next-generation proprietary technology, visit the website at www.worldwater.com, or for investor-specific information at www.trilogy-capital.com