23.11.2004: Meldung: WorldWater to Install Solar Powered Pumping System
Company"s AquaMax(TM) to Drive Pumps for Idyllwild Water District
WorldWater & Power Corporation, maker of high-horsepower solar energy systems, has finalized a contract to install a 57-horsepower solar-powered pumping system at the Idyllwild Water District, in Idyllwild, California. It is the first use of large solar pumps by a water utility and the first use of WorldWater"s AquaMax(TM) for this purpose, according to Quentin T. Kelly, WorldWater Chairman and CEO.
WorldWater, a full service provider of solar power solutions, will handle all aspects of installation of the $309,000 system. Half of that cost will be reimbursed to the Idyllwild Water District by Southern California Edison under the California rebate plan, which encourages use of solar and other renewable energy sources in the state. The contract is subject to an environmental review under the California Environmental Quality Act.
There are 450 public water districts and utilities in California to which WorldWater is proposing use of its proprietary solar powered AquaMax(TM) to replace use of diesel pumps and to reduce use of grid electric pumps, in order to address the state"s air quality problems and high electricity costs.
"We are very pleased to be partnering with WorldWater on this project," said Terry Lyons, General Manager of the Idyllwild Water District. "In addition to providing electrical power to overcome power brown-outs, WorldWater"s solar technology will enable Idyllwild to be the first water district to use solar power to operate its major wells and booster pumps, while providing additional cost savings and environmental benefits to our mountain community."
The WorldWater solar system will power one of Idyllwild"s basic water delivery systems. It is anticipated to save the Water District approximately 70 percent of electrical costs on the meter system where it will be installed. The WorldWater system and products will provide all of the environmental advantages associated with clean solar power, and will serve as a backup source of electricity in the event of black- or brown-outs from the regional electrical supply grid.
"This is a breakthrough for clean energy use by the water utility companies -- it provides them the added value of backup power as well as saving significant amounts of money on their electric costs. Our solar power system will provide an important solution to the problems of grid power service and price fluctuations that all utilities in California face," said Mr. Kelly. "The fact that our AquaMax(TM) is capable of driving systems up 600-horsepower means that we can provide solar power solutions to nearly every water utility, no matter how large."
Work on the Idyllwild project will begin immediately following successful conclusion of the environmental study. Idyllwild is located in the San Jacinto Mountains between Los Angeles and Palm Springs, CA.
About WorldWater & Power Corp.
WorldWater & Power 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 are capable of driving motors up to 600 horsepower. For more information about WorldWater, visit the website at www.worldwater.com, or for investor-specific information, www.trilogy-capital.com.
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.
WorldWater & Power Corp.
Debra J. Grady, 609-818-0700, ext. 14
Trilogy Capital Partners
Paul Karon, 800-342-1467
Source: WorldWater & Power Corp.