WorldWater & Solar Technologies Corp., (OTC BB: WWAT.OB), a leader in
concentrating solar energy systems, announced today that it has changed
its corporate name to Entech Solar, Inc. (the “Company”), effective
January 12, 2009. The Company’s ticker will remain “WWAT.OB” temporarily
until the Company is reassigned a new one. ENTECH, Inc. will continue as
a subsidiary of Entech Solar, Inc.
“Entech Solar is a name that more accurately reflects the transformation
of our business since our acquisition of ENTECH in January 2008,” said
Frank Smith, Entech Solar’s CEO. “Today, we are a concentrating solar
technology company focused on providing our advanced, cost-competitive
modules to commercial and industrial customers. Entech’s core strategy
will be on manufacturing and selling the company’s breakthrough
ThermaVolt™ product, a combined photovoltaic and thermal concentrating
solar system.”
WorldWater & Solar Technologies acquired ENTECH, Inc. in January 2008.
ENTECH has been researching and developing concentrating solar systems
for 25 years, making it one of the most experienced concentrating solar
companies in the industry. Since the acquisition, the Company has
dedicated its resources to commercializing its ThermaVolt system, which
produces both electricity and thermal energy, making it one of the most
efficient solar systems today.
“We have seen a lot of solar technologies, but haven’t found anything as
exciting as the ThermaVolt system, which is a true game changer for the
industry. We believe it will be the leader in the combined heat and
power market,” said David Anthony, Director of Entech Solar and Managing
Director of 21 Ventures.
In conjunction with the name change, Entech Solar has also relocated its
headquarters from Ewing, NJ, to Fort Worth, TX, where its
state-of-the-art, 70,000 square foot, 200MW capacity manufacturing
facility is located.
About Entech Solar
Entech Solar is a leading provider of concentrating solar energy
systems. Entech designs, manufactures and installs systems that provide
both electricity and thermal energy for commercial and industrial
applications. Entech uses its proprietary concentrating photovoltaic and
thermal (CPVT) technology to deliver the ThermaVolt™ system, which
produces cost-competitive distributed energy. For more information,
please visit www.entechsolar.com.
Entech Solar Press:
Amy Copeman, 609-818-0700 ext. 58
acopeman@entechsolar.com
or
Entech
Solar Investor Relations:
Chris Witty, 646-438-9385
cwitty@darrowir.com
