WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-power solar systems, announced today that Scott Albertson, WWAT Vice President and Production Manager has been named Vice President and General Manager of ENTECH, Inc., the wholly-owned subsidiary of WorldWater & Solar Technologies Corp. The merger with ENTECH was completed January 28, 2008, enabling WorldWater to start producing one of the world's lowest-cost, high-value solar solutions”ENTECH's 20X concentrator PV technology.
Mr. Albertson, who will manage the business operations of ENTECH, has been preparing the engineering and construction lines for ENTECH's 20X cells and systems since joining the Company in April, 2007. The ENTECH concentrator solar cell produces 20 times the energy of a standard solar cell by using its proprietary optics and lenses.
"Now that the merger with ENTECH is complete, Scott will be able to shift into full production in order to deliver on schedule the quantities needed to equip the large solar farms and distributed commercial energy we are negotiating to build in the U.S., Spain and Italy, said Dr. Frank W. Smith, Chief Operating Office of WorldWater & Solar Technologies Corp. "We expect these modules to change the economics of solar system installations.
Before joining WorldWater, Mr. Albertson was Vice President of BP Solar where he was responsible for Quality and Reliability Systems, Logistics and New Business Development. Prior to that he spent over a decade with Corning Incorporated, rising to Plant Manager and Business Unit Leader of their specialty cellular ceramics business. Mr. Albertson is a graduate of the United States Naval Academy with a B.S. degree in engineering, mathematics and operational analysis. He served in the U.S. Marine Corps as an Operations and Recon Officer. He later studied at the Sloan School of Management and the Corning Manufacturing and Management Programs at MIT.
About WorldWater & Solar Technologies Corp:
WorldWater & Solar Technologies Corp. is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that can generate and distribute electricity as well as drive 1000 horsepower motors and pumps from sunshine independently or in conjunction with the electric grid. The Company 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.
About ENTECH, Inc:
ENTECH provides advanced concentrator solar energy technology for a variety of applications, ranging from solar power arrays for spacecraft and terrestrial implementation to day lighting systems for commercial buildings. The company's patented solar power systems produce electricity from sunlight for applications on Earth (terrestrial power) and in space (spacecraft power). ENTECH's arched Fresnel lenses capture sunlight and focus it onto small solar cells, thereby reducing electricity costs compared to conventional flat-plate (planar) solar energy approaches. Additional information can be found at http://www.entechsolar.com.
Forward Looking Statements:
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.