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WorldWater Corp. to Install Largest Solar Pump in the World
at Edison, California
Proprietary AquaMax will Drive 300 HP Compressor Pump for Food Processing
Refrigeration;
source: press
release 2002.10.1
WorldWater
Corp. OTC BB:WWAT.OB, announced today it has signed a contract
for $891,000 to
drive a 300 horsepower compressor pumping system with its proprietary
AquaMax(TM) solar
technology.
The unit will operate a HydraCooler for processing food
at the Lehr Brothers Inc. farm in Edison,
California, said Quentin T. Kelly, Chairman and CEO of WorldWater.
Our newly developed solar power
technology enabling us to drive pump systems up to 600 horsepower
is opening the mainstream power
market to us, particularly in energy and air quality-conscious states.
California is first, but farms and
water utilities in other states as well are contacting us,
he added.
Agriculture, water utilities and refrigeration are prime markets
for the high-powered solar pumping
systems, according to Kelly.
The AquaMax operates alone or in combination with the electric
grid or diesel generators, and has
the added values of cleaning up the air and the environment as well
as net metering (saving unused
self-generated solar electricity and `banking' it with the electric
utility for later use - literally running the
meter backwards,) reducing demand on the utility grid, according
to Dr. Anand Rangarajan, Executive
Vice President of WorldWater.
The Lehr solar HydraCooler sytem should be in operation
by December of this year, he added.
WorldWater announced its first sale ($287,000) of the proprietary
AquaMax in August to drive a 50
horsepower irrigation pump and light up outer buildings of the D.T.
Locke Ranch in Firebaugh,
California. It is expected to begin operating in late October.
Last month, that sale represented the largest solar pumping system
to be scheduled for installation,
but the new HydraCooler pump is six times larger than that, declared
Kelly. The Company is currently
in negotiation for even larger systems (500 hp) with other large
farms, municipal water utilities and
wineries.
The system was introduced by WorldWater at the WorldAg Expo in
Tulare, California in February and
then demonstrated at the California State Fair (Farm Demo area)
in August. State agriculture, water
resources and air quality officials are in continuing communication
with WorldWater for potential uses
throughout California, according to Kelly.
WorldWater is a solar engineering and water management engineering
company active in developing
countries around the world, introducing its technology for drinking
water and irrigation as well as
electrical power for use in municipalities and rural areas.
The company is especially active in the Philippines, where its
wholly owned subsidiary, WorldWater
(Phils) Inc., has signed agreements for major irrigation and municipal
water delivery for programs
scheduled for implementation over several years.
This document may contain Statements which constitutes "forward-looking
statements" within the meaning of the Private
Securities Litigation Act Of 1995. "Forward-looking statements"
include any statement which is not of purely historical fact, such
as statement concerning plans, objectives, goals, strategies and
future events and underlying assumptions thereof. Such
forward-looking statements involve known and unknown risks, uncertainties
expressed or implied by such forward-looking
statements to be materially different from those projected. Such
factors include, among other, general economic and business
conditions which may impact demand for the Company's solar generated
pumps and electricity; changes in tax laws and
regulations; the ability of the company to implement its marketing
strategy and to expand its business in the worldwide market;
the ability of the Company to build its production facility up to
the level of efficiency and output of its planned production; and
changes in laws and government regulations applicable to the company,
including laws in foreign nations.
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