WorldWater Breaks Ground for Country's Largest Airport Solar System at Fresno Yosemite International
Thursday July 12, 3:00 pm ET
2-Megawatt, $16 Million Dollar Project Projected to Provide 40% of Airport's Annual Power
FRESNO, Calif.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB - News; 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.
ADVERTISEMENT
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.
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.
Forward Looking Statement:
Except for historical information contained herein, this document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in industries where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Other important factors that the Company believes might cause such differences are discussed in the risk factors detailed in the Company's 10-KSB and its quarterly reports on Form 10-QSB both as filed with the Securities and Exchange Commission, which include the Company's cash flow difficulties, dependence on significant customers, and rapid development of technology, among other risks. In assessing forward-looking statements contained herein, readers are urged to carefully read all cautionary statements contained in the Company's filings with the Securities and Exchange Commission.
Contact:
WorldWater & Solar Technologies
Jessie Sullivan, 609-818-0700 X20
JSullivan@worldwater.com
or
Press Contact:
Mike Breslin Productions LLC
Mike Breslin, 201-652-1287
mbrez@aol.com
|
