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Tells NYSSA Conference WorldWater Meeting Challenges With Low-Cost Solar Systems
PENNINGTON, N.J., June 12 /PRNewswire/ -- WORLDWATER CORP. (OTC Bulletin Board: WWAT) Chairman and Chief Executive Officer Quentin T. Kelly told The New York Society of Security Analysts 5th Annual Alternative Energy Conference on Monday that "More than one billion people in the developing world have no ready access to safe water and the need for reliable sources has become so urgent that governments may rise and fall based on solutions to the problem." He added that the United Nations estimates that $8 billion is spent annually by governments and international agencies to provide safe drinking water in developing countries and that $100 billion will be required over the next five years. "Sources for clean water are at a premium, particularly in the poorer nations which do not have the financial resources and technical means to generate new supplies," Mr. Kelly said. "Growing populations, famine and drought are exacerbating the problem in many of these countries, leading to instability and political unrest." Mr. Kelly noted that WorldWater Corp. is meeting this challenge as a full-service water management and solar engineering company specializing in solar pumps and solar electrical systems that provide clean water and electricity to users in developing countries around the world. "We have low-cost solar pumps operating in 17 countries around the globe," Mr. Kelly said. "They are a viable solution to providing clean water and electrical power to countries plagued by a lack of financial resources to meet the needs of their people." Mr. Kelly discussed how WorldWater Corp. meets these challenges. "WorldWater's low-cost, low-maintenance solar pumps can deliver more than 2000 gallons per minute from rivers for irrigation or drinking water from a depth down to 1,000 feet, four times the operating capability of competing systems and deliver 5 to 260 gallons per minute for household, village, or livestock drinking water," Mr. Kelly said. "Our community and residential solar power systems are simple, clean, and reliable, providing cost-effective electricity systems that include pre-wired control panels, solar batteries, fluorescent lights and DC (direct current) outlet and plug for appliances." Mr. Kelly said that WorldWater Corp. currently has solar pumping and solar electrical systems operating in many countries, including the Philippines, Sri Lanka, Pakistan, Ethiopia, Tanzania and Ecuador and is negotiating projects in other developing nations. The Company most recently was named by the government of Somalia to be the East African country's master consultant and contractor for all water and energy programs. Mr. Kelly also noted that in addition to providing critical services to sustain life, solar water and electrical systems help to create economic and political stability in many beleaguered nations.
The NYSSA's Alternative Energy Conference was designed to provide those attending an opportunity to listen to senior executives from leading alternative energy companies discuss how they are commercializing alternative energy sources such as distributed power, solar power, fuel cells, photovoltaics and wind power. The New York Society of Security Analysts, Inc. is a not-for-profit educational organization whose twin goals are to inform and educate investors and to advance the professional competence of investment professionals including portfolio managers, security analysts, investment advisors, and others involved in the investment process.
WorldWater Corp. is a full-service water management and solar engineering company specializing in solving water problems through use of solar energy. The Company produces and distributes the proprietary AquaSafe(TM) and AquaMax 2200(TM) solar water pumps, capable of delivering water in volumes from 5 gallons to more than 2000 gallons per minute.
www.worldwater.com
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