PENNINGTON, N.J., April 25, 2006 (PRIMEZONE) -- WorldWater & Power Corp. (OTCBB:WWAT), developer and marketer of proprietary high-power solar systems, today announced the signing of a $295,301 contract to provide design, engineering and solar equipment for the Voorhees Township Public Schools in Voorhees, New Jersey. The primary contractor for the project is Ray Angelini, Inc. (RAI) of Sewell, New Jersey. Construction will begin immediately for the installation of photovoltaic panel array on the roof of the Voorhees Middle School on Hollyoak Drive. WorldWater's patented electronics will automatically control power delivery to the school and manage the net metering of surplus electricity back to the utility to earn renewable energy credits.
Quentin T. Kelly, Chairman of WorldWater & Power Corp. commented on the signing. "This is our first solar installation for a school in New Jersey. We are highly optimistic that more school boards will take advantage of the generous rebates from New Jersey's Clean Energy Program that pay for about 50% of the solar equipment and installation. In addition, the school will be earning energy credits currently valued at $0.22 per kilowatt-hour while showing the community that solar power is a clean, highly cost-effective alternative to skyrocketing energy costs."
Chris Sherring, WorldWater's Project Manager, added, "School buildings are ideal candidates for solar installations. They usually have very large flat roofs that are not shaded by trees. Solar panel arrays are installed so they are non-penetrating to the roof structure and do not compromise waterproofing. The Voorhees' school will be generating solar power 'year round, but when it's closed during the hottest summer months, it will be earning very large renewable energy credits by sending solar generated electricity back to the utility company. This will sharply reduce their overall annual operating expenses."
Camden County's Voorhees Township has had a population increase to more than 28,000 people over the past ten years. Median family income of the Township is one of the highest in South Jersey.
About Ray Angelini, Inc. (RAI):
RAI Contractors - Engineers is a New Jersey based firm that has been in business for more than 30 years. Licensed in New Jersey, Pennsylvania, and Delaware, RAI operates primarily in the tri-state area but has performed work as far West as Hawaii and in Europe in Germany and Portugal. RAI is made up of seven separate divisions designated as follows: General Construction/Design Build, Commercial Electrical Division, Industrial Electrical Division, Transit/Signaling/Heavy Rail Division, Communications/Data-com Division, TEGG/Energy Conservation & Maintenance Testing Division, Solar & Alternative Power Division.
About WorldWater & Power Corp:
WorldWater & Power Corp. is a leader in solar electric engineering, water management solutions, solar energy installations and products. Its solar technology is at work in over 20 countries around the world. In the U.S., it provides solar electric, water pumping and purification technology to agribusiness, industry, schools, communities, homeowners and emergency responders. The company is responsible for major breakthroughs in solar power technology and holds numerous solar-related patents.
For more information about WorldWater & Power Corp., visit the website at www.worldwater.com.
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