WWAT - World Water and Power

[Hippychix]

Have watch this one for a while and played it several times.. what i like about it is the company seems really legit.. i have watched it go from .30 something cents to now $2.33

WorldWater & Solar Technologies Corp. is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems.

looks like the OS is 165 million but i will double check

solar.. wave of the future??

[Hippychix]

July 18, 2007


WorldWater & Solar Technologies Announces Signing of Letter of Intent for Large Solar Farms in Spain

WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, today announced that the Company has signed a Letter of Intent with M&G Promociones de Vivienda Urbana S.A., a real estate developer in Spain, to build several solar farms in Lorca (Murcia), Spain over the next five years. The contract to be negotiated will reflect plans by M&G to build three 10-MegaWatt (MW) farms over the next three years, with implementation starting in 2008 – 10MW each year – along with two 50MW farms in the fourth and fifth years. Negotiations will begin within weeks in Madrid to conclude the contract, which will be subject to conditions including financing, licensing and other commercial and permitting issues.

“This Letter of Intent represents a new phase of growth for WorldWater,” stated Quentin T. Kelly, Chairman and CEO. “WorldWater has been chosen to provide complete turnkey systems and support for these massive solar electric farms in Spain, where renewable power is expected to provide long-term energy solutions with minimal environmental impact. We look forward to announcing the final terms of this agreement and see this as a transformational event for our company – validating both our technology and leadership in the industry. We expect to incorporate the solar concentrator technologies of both ENTECH, Inc., the firm we have signed a Letter of Intent to acquire, and EMCORE Corp., the company which invested in WorldWater last year to terrestrialize its space technology, in these multi-megawatt projects.”

About WorldWater & Solar Technologies Corp:

WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.

About M&G Promociones de Vivienda Urbana S.A.

[Hippychix]

July 12, 2007

WorldWater Breaks Ground for Country's Largest Airport Solar System at Fresno Yosemite International

2-Megawatt, $16 Million Dollar Project Projected to Provide 40% of Airport’s Annual Power

WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB) (formerly WorldWater & Power Corp.), developer and marketer of proprietary high-power solar systems, today held an official groundbreaking ceremony for the construction of a large scale solar electric system at Fresno Yosemite International Airport. The 2-megawatt installation is scheduled for completion by early 2008 and will be operated by WorldWater under a 20-year power-purchase contract awarded by the Fresno City Council. It is the largest solar project at any airport in the United States.

At the ceremony, Russ Widmar, Fresno Aviation Director said, “This is an exciting day for an airport that prides itself as a leader in technology. Our new solar system should save the airport about $13 million dollars over the next 20 years as well as help protect the environment with a major renewable energy source.”

Frank W. Smith, WorldWater’s Chief Operating Officer also commented, “Solar is the ideal power solution for airports. Approximately five acres of raised solar panels will not only provide electricity but shade for rental car lots. An additional 20 acres of ground mounted photovoltaic arrays were approved by the FAA for installation in a portion of the airport’s approach zone where occupied structures are not allowed, so otherwise unused real estate becomes a valuable asset.”

Quentin T. Kelly, Chairman and CEO of WorldWater & Solar Technologies Corp. commented on the event from the company’s headquarters in New Jersey. “This is an important milestone for solar in the United States and reflects our strengths as a company. We can design and build large scale, technologically efficient systems on fast-track schedules under power purchase agreements that require no out-of-pocket cost for the customer. The customer saves substantially on long term electric costs and we manage the system. It’s a formula for success!”

Fresno Yosemite International Airport is the major air transportation center for the City of Fresno and the San Joaquin Valley region. In 2006, it connected over 1.2 million passengers to destination throughout the United States as well as to Mexico

[shuebakka]

Personally, I love the idea of solar energy. It just makes so much sense to me that it is crazy to see us getting energy in other ways with the technology we have. The sun is (in my opinion) one of the only reasons we are on this planet, we just happen to be at the perfect distance to create mild year round temps (with the help of our atmosphere of course). A freak accident really. WHY NOT USE IT? Because it has a smaller profit margin than pumping dinosaurs out of the earth? And that once you buy it you don't need to purchase it again and again, just maintenance. Imagine that.

Really what are the drawbacks? Cost? Does it really cost that much, $16 million for 40% of an international airports' power. That's a HUGE project, and airports take A LOT of power. You know what will cost a lot, the economic crash that happens when we actually DO run out of fossil fuels and people can no longer get to their job over 30 miles away. When seeing the way money is spent in other ways in this world, complaining about cost seems a little ridiculous, especially when talking about something as important as our very future and our children's energy problems.

Just wish I saw this sooner :D

[iamadog]

posting on a forum is not my fortet i just googled the ceos name what came up was pleasantly surprising i dont copy and paste and you probabley have already read what i just read. Bottom line the company and their leader are definately for real:cool:

[Doc Holliday]

I'm liking the way the chart's shaping up for this one so I took an entry this morning @ 1.87. I can't find any fundamental reason for it's retraction yet so I'm just going to figure that this was one that was put on sale :p

[peakoil]

It looks like things are really on the up and up for this little solar company. Are you guys still investing in WWAT? I've read some very exciting stuff about new technololgy they are researching and am thinking of buying some. I'd love to hear some comments from other investors...

[Doc Holliday]

yea, I'm still in ... and out ... and back in :D
currently I'm in at 1.56 ... good luck with it :)

[greencat]

WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced results for the fourth quarter and twelve months ended December 31, 2007.

Revenue for the fourth quarter was $10.9 million, compared with $7.1 million reported in the fourth quarter of 2006 and $4.4 million in the third quarter of 2007. The increase in revenue was due primarily to the addition of several large contracts, including the Fresno Yosemite Airport. Some projects, however, including the Denver International Airport, were delayed due to logistical issues related to permitting and client finalization. Gross profit for the quarter was $0.6 million, versus $0.9 million in the prior-year period. Gross profit, and gross margins, were impacted by contract timing and startup costs tied to certain large projects currently underway. The Company’s net loss attributable to common shareholders for the fourth quarter of 2007 was $5.7 million, or $(0.03) per share, compared to a loss of $6.5 million, or $(0.04) per share, in the fourth quarter of 2006. The 2007 fourth quarter reflects additional investments in R&D, marketing, and operations to support WorldWater’s strategic growth initiatives.

For the twelve months ended December 31, 2007, WorldWater reported revenue of $18.5 million, compared with $17.3 million in 2006. Gross profit for the year was $1.7 million, versus $2.7 million in 2006. The net loss attributable to common shareholders for 2007 was $14.4 million, or $(0.09) per share, compared to a loss of $15.1 million, or $(0.11) per share, last year. In total, the Company installed 2.6 megawatts in 2007, versus 2.4 megawatts in 2006 and 275 kilowatts in 2005.

“2007 was, as expected, a pivotal year for WorldWater & Solar Technologies,” said Chairman Quentin T. Kelly. “We recorded our highest revenue ever – $18.5 million – and won some very large contracts, including innovative solar installations for the Denver International Airport and Fresno Yosemite Airport. In addition, we expanded our offices, hired critical staff, and signed letters of intent for a number of next-generation solar farms in Europe.

“More recently, since the start of 2008, we have seen several important events take place. We closed the acquisition of ENTECH, raised $35 million in funds from the Quercus Trust, and added key members to our Board of Directors – including David Gelbaum, the highly-regarded head of Quercus. These achievements bolster the company’s long-term growth outlook and solidify our leadership position in large, complex solar solutions. We now have ample funds to complete our 50 MW production line for ENTECH modules in Texas, and we hope to have this operation up and running in the next few quarters.

“We are also now in the process of finalizing many projects previously announced, while actively bidding on a plethora of new opportunities in the U.S. and abroad. We are seeing a significant number of projects that can leverage our ENTECH technology, and we anticipate these contracts will accelerate growth later this year. As for our already-announced letters of intent in Italy and Spain, we continue to wait for certain legislative issues to be resolved before the contracts can be concluded. In Italy, our 3.25 megawatt farm is moving forward but has seen delays tied to new legal requirements regarding photovoltaic applications. Likewise, in Spain, our projects – both the 3 MW solar farm in Aragon and the initial 10 MW one in Lorca – still await a decision by the Spanish Government on the exact incentive scheme (feed-in tariff) for solar power. As previously disclosed, the current feed-in tariff of 44 Euro cents per kilowatt hour is set to expire at the end of September, and the new government is now determining the feed-in tariff values going forward. While we cannot estimate the exact timing for the new tariff determination, which is out of our control, we remain optimistic that progress with our projects can soon be made, particularly given our representation in Spain and Italy and the overall strong support for alternative energy generation in Europe. WorldWater is strongly positioned for any contracts with our cost-efficient, ENTECH technology, whether or not the incentives are changed.

“In the meantime, we continue to bid on a record number of RFPs. With our recent capital infusion from the Quercus Trust and completion of the ENTECH acquisition, WorldWater enters 2008 better prepared than ever to take advantage of the many opportunities available to us. Given the many variables affecting our industry, however, we have determined that providing guidance is, for the time being, impractical. Whether the projects be small, like the sale of 12 Mobile MaxPure™ units destined for use by farmers in Iraq, or large projects such as complete energy systems for airports and solar farms, it is commonplace for governments and commercial enterprises to face interruptions or delays that have nothing to do with our products, technology, or service.

“We are very excited about the future for the company, both in 2008 and beyond. We appreciate our shareholders’ commitment and patience. With our extensive pipeline of projects, cutting-edge technology, and dedicated staff, we expect the coming years to provide long-term, attractive returns for our investors.”

About WorldWater & Solar Technologies Corp:

WorldWater & Solar Technologies Corporation is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.

[Klipper22]

Yesterday, the chart of WWAT was a great example of what a chart can do when it breaks the resistance of and ascending triangle.