WorldWater & Solar Technologies Corp. and Solargenix Energy, LLC Sign Strategic Memorandum of Understanding on Sales and Marketi
24 Mai 2007 - 7:31PM
Business Wire
WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB),
developer and marketer of proprietary high-power solar systems, and
Solargenix Energy, LLC (SGX) headquartered in Sanford, North
Carolina, announced today the signing of a Strategic Memorandum of
Understanding that is expected to lead to the expansion and
increased efficiency of the marketing and sales forces of both
companies. WorldWater is an international solar engineering and
water management company with unique, high-powered solar technology
providing solutions to power and water supply problems; Solargenix
is in the business of maximizing patented solar collection
technology and other patents and know-how to convert the sun�s
light into a variety of temperature ranges for thermal heat, with
worldwide experience in energy and environmental engineering, solar
design and building construction. The Companies expect to offer a
full spectrum of solar power capabilities for industrial,
residential and commercial buildings -- from lighting to heating,
from driving motors and pumps to hot water supply and HVAC. The
companies believe that these collaborative applications of their
respective technologies will contribute to increased marketing and
sales with attendant increased revenues, profitability and market
shares for both companies. Solargenix Energy, LLC is a 45%
stakeholder in Acciona Solar Power, Inc. (formerly Solargenix
Energy, Inc) the company currently developing a 70MW solar thermal
power plant in Boulder City, Nevada. The Strategic Memorandum of
Understanding between Solargenix and WorldWater does not involve
Acciona Solar Power, Inc., but contemplates exploration of the
viability of using WorldWater�s patented photovoltaic solar
technologies in the large scale power plant business. Solargenix
concentrates its current business on commercial, industrial and
residential installations and has commissioned a number of
installations in Chicago as part of its multi-year contract with
the City of Chicago. Solargenix worldwide patents in solar thermal
products and systems are based on the science of non-imaging optics
developed at the University of Chicago by world renowned scientist
Dr. Roland Winston. Non-Imaging Optics improves the efficiency of
converting solar energy to thermal energy. The Winston Series CPC
solar collector developed by Solargenix and manufactured in its
Chicago facility was awarded the Top Ten Green Building Product
award in 2004 by GreenSpec Directory and the Top One Hundred
Products by Building Products Magazine in 2005. The Winston CPC
collector is capable of producing temperatures up to 200 degrees F
for commercial and industrial applications. About WorldWater &
Solar Technologies Corp.: WorldWater & Solar Technologies Corp.
(OTC BB:WWAT.OB) 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 US, it provides solar electric, water pumping and
purification technology to water utilities, 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 visit www.worldwater.com. About Solargenix Energy, LLC:
Solargenix is the leading provider in the design, manufacturing,
integration and deployment of solar thermal renewable energy
systems that address the cooling, heating and power needs of
residential and commercial markets. For more information visit
www.solargenix.com.