Collaboration with Kirloskar Brothers Ltd. Established to Develop Irrigationand Other Water Management Systems to Aid Rural and Urban PoorPennington, NJ, October 5, 2004 —WorldWater & Power Corporation (OTC BB: WWAT), a maker of high-horsepower solar energy systems, has established a strategic alliance with Kirloskar Brothers Ltd., a major Indian pump manufacturer, to develop water management systems to provide improved water and power supplies for rural and urban poor around the world.Under the five-year pact, WorldWater and Kirloskar will develop projects that combine WorldWater’s proprietary solar power technology with Kirloskar’s broad range of pump and motor products. As outlined in a Memorandum of Understanding (MOU) signed by both companies, the partnership will help both companies meet their common objectives of bringing sustainable agricultural development and improvement of living and working conditions for rural and urban poor.The MOU outlines broadly how the companies will work to use solar power to bring clean water, irrigation and dependable power supplies to people in developing and war-torn nations, where public infrastructure is inadequate or damaged. Iraq and Afghanistan are among the many developing countries where Kirloskar has implemented sales of its products.“Kirloskar brings a wealth of experience and longstanding business relationships in markets worldwide. This strategic alliance will enable us to employ our AquaMax™ products and other solar technology in markets we would not otherwise reach,” said Quentin T. Kelly, CEO of WorldWater.R.K. Srivastava, Whole Time Director of Kirloskar Brothers Ltd., said “WorldWater’s solar technology is a strong complement for our pumping products, Working together, we believe we will be able to make a significant difference for a great many people who desperately need improved water and power supplies.”About Kirloskar Brothers Ltd.Kirloskar Brothers is a division of the Kirloskar Group, a $600 million engineering conglomerate, with businesses in manufacturing, agriculture and other areas. Kirloskar Brothers is one of India’s largest manufacturers of pumps, engineered electrical and pumping systems, products and related engineering services and management. They conduct business around the world, exporting products and services to 70 countries, including the United States. The company has been in operation for more than a century, has offices on every continent, and is one of India’s largest employers.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™ solar pumping systems, capable of driving motors up to an unprecedented 600 horsepower, make WorldWater the first and only solar company in the world with the power to deliver mainstream pumping capability. The Company is also a provider of solar powered water systems in the Philippines and developing nations in Africa and Asia.WorldWater & Power seeks to achieve revenue growth by marketing its proprietary solar technology through multiple channels to a broad spectrum of institutional and private parties in the world. Prior to the development of the AquaMax™ technology, solar powered motors were limited in output to about 5 horsepower, and thus incapable of pumping the volume of water required for large scale systems. WorldWater’s proprietary AquaMax™ systems can drive motors up to 600 horsepower, creating significant commercial opportunities for WorldWater and expanding the range of applications for clean, renewable solar power in commercial, municipal and institutional mainstream applications. Each day, more solar energy bathes Earth than its 5.9 billion inhabitants consume in equivalent electric power in 27 years, according to the U.S. Department of Energy's National Renewable Energy Laboratory in Golden, Colorado. With many international and domestic governmental ag encies increasingly concerned about clean air and water conservation, WorldWater is well positioned to implement its patented AquaMax(TM) systems for the supply of power needed for large irrigation and cooling systems in the world - with no pollution and no excess pumping to foul the air or excessively drain the natural water resource.It is the opinion of WorldWater’s management that WorldWater is positioned to capitalize on the worldwide demand for next-generation solar technology, as represented by the Company’s patented technology. The energy generated by WorldWater is pollution-free, fully renewable, r eliable, highly scalable and requires lower operating costs. WorldWater’s early-mover advantage, and its proprietary solar technology, will enable the Company to a broad range of opportunities in both the public and private sectors in multiple worldwide markets. For more information about WorldWater, visit the website at www.worldwater.com, or for investor-specific information at www.trilogy-capital.
Did you enjoy this great article?
Check out our free e-newsletters to read more great articles..
