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WorldWater Corp. Contracts with
Quinault Indian Nation for Renewable Energy Project
US Department of Energy Funds Project; Agreement Further Validates
WorldWater's Leadership in Renewable Energy
PENNINGTON, N.J., Sep 10, 2004 (BUSINESS WIRE) -- WorldWater Corporation (WWAT)
the world's sole provider of cutting-edge patented high-powered solar
technology with diverse commercial applications in a broad range of
industries, announced today that it has been selected by the Quinault Indian
Nation (QIN) of Washington State to assess implementation of renewable energy
systems for the tribe's Quinault Beach Resort and Casino.
The Quinault Nation secured the highly competitive grant under the US
Department of Energy's (DOE) Tribal Energy Program. The DOE instituted the
program to encourage tribal self-sufficiency in power generation. There are
hundreds of Native American tribes throughout the United States eligible for
the grants.
WorldWater won the energy assessment project as a result of its unique status
as a provider of powerful and economically practical solar energy and
water-pumping systems, and a deep technical understanding of both the
challenges and applications involved in a range of renewable energy sources.
WorldWater's technology and expertise has enabled the creation of several of
the world's largest solar-powered commercial and industrial water-pumping,
irrigation and refrigeration systems.
"Renewable energy incorporates the Quinault philosophy of living in harmony
with the environment, but it is a way of life that increasingly applies to
people the world over, as fossil and other fuel sources are depleted and
become more costly," said Quentin T. Kelly, WorldWater's Chairman and CEO.
"Governments and businesses at home and abroad are searching for sustainable
energy solutions, and the work WorldWater is doing with the Quinault will
serve as a valuable energy-assessment model as the world shifts to a renewable
energy economy."
The Quinault Nation's territory comprises 210,000 acres and is situated along
the Pacific coastline west of Seattle and the Puget Sound. In the study,
WorldWater will examine strategies for use of solar, wind, wave and other
renewable energy sources at the Quinault resort, situated near rustic and
ecologically sensitive national parklands and wildlife havens on the
Washington State coastline. Upon completion, WorldWater will present the
Nation with a plan that will detail options for the use of a comprehensive
range of renewable energy sources.
About WorldWater:
WorldWater Corp., is a full-service, international solar engineering and water
management company with unique, high-powered and patented solar technology,
that 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 and only solar company in the world with the power to
deliver mainstream 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(TM) 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(TM) 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
SOURCE: WorldWater Corp.
WorldWater Corp.
Debra J. Grady, 609-818-0700 ext. 14
or
Investor Relations
Trilogy Capital Partners
Paul Karon, 800-342-1467
paul@trilogy-capital.com
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