WorldWater Signs Contract For $280,000 For Solar System In Model Residence
May 23, 2005 -- financialwire.net
WorldWater & Power Corp. (OTCBB: WWAT), maker of proprietary high-power solar systems, has announced the signing of a contract for $280,000 to install a solar electric generation and distribution system in a prestigious architectural model residence in Southern California.
"The project represents entry into the high-end residential market in the initial stage of the architectural design process," said CEO Quentin T. Kelly. "We couldn't be more pleased to have our technology used in a design by a world-renowned architect like Ken Ronchetti."
"Design seeks to unify an owner's vision and lifestyle with the environment. Solar power is a natural fit. WorldWater's work with us on energy balances and solar production in the early stages were key to this part of the project," noted architect Ken Ronchetti.
"This project represents a strong foothold for WorldWater & Power in the growing market for residential and small commercial solar electric systems in California,'' said WorldWater Regional Manager Larry Slominski. "The California legislature is working hard to pass a multi-year Million Solar Roofs Initiative (Senate Bill 1, 2/28/2005), which has a goal of achieving 3,000 megawatts of installed solar electric systems over ten years to reduce energy outages and improve air quality standards throughout the state. We compliment the owner, architect and builder for their choice to use solar.'"
WorldWater & Power Corp. is enrolled in Beacon Equity Research's professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important measure of a company's commitment to transparency and Good Governance.
On February 17, 2005, Investrend Research affiliate Beacon Equity Research analyst Shailesh Dhuri, CFA rated the company "Outperform," with a target of $0.50.
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