WorldWater Corp. CEO Sees Urgent Need for Reliable Clean Water And Electrical Power Sources in Developing Nations Around the World
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.