Entech Solar, formerly WorldWater & Solar Technologies, (OTC BB:
WWAT.OB), a leader in concentrating solar energy systems, announced
today that it has appointed David Gelbaum as Chairman of its Board of
Directors. Mr. Gelbaum replaces Quentin Kelly, who resigned as an
employee and director of the Company and director of the Company’s
subsidiary ENTECH, Inc., effective January 7, 2009. Mr. Kelly founded
the Company in 1984.
"On behalf of Entech Solar, I would like to extend my sincere gratitude
to Quentin Kelly for his service to the Company," said Mr. Gelbaum. "I
am delighted to help lead Entech Solar in its new direction and toward
continued growth." Mr. Gelbaum is a trustee of The Quercus Trust, one of
North America's largest clean technology funds.
In conjunction with Mr. Gelbaum’s appointment to Chairman of the Board,
Joseph Bartlett, a corporate and securities lawyer, has been appointed
as a Director of Entech Solar, and Hong Hou and Reuben Richards have
resigned from the Board.
These changes follow the Company’s announcement today that it has
changed its name from WorldWater & Solar Technologies Corp. to Entech
Solar, Inc., marking a new direction for the Company whose core business
is now manufacturing and selling concentrating solar energy systems.
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