Empresas y finanzas

WorldWater & Solar Technologies Appoints Dr. Frank W. Smith as CEO



    WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer
    and marketer of proprietary high-horsepower solar systems, today
    announced that, in line with its planned succession and effective
    immediately, Dr. Frank W. Smith has been promoted from COO to Chief
    Executive Officer and elected to the Board of Directors of WorldWater
    & Solar Technologies Corp. As previously announced, former CEO Quentin
    T. Kelly retires from the CEO position and will continue as
    non-executive Chairman of the Board of WorldWater.

    Dr. Smith, 49, has served as Executive Vice President and COO of
    WorldWater since February of 2007 and brings over 20 years of
    experience in strategic planning, business development, and operations
    management. Prior to his joining WorldWater, Dr. Smith served as Vice
    President of Strategy and Business Development at EMCORE Corporation,
    where he identified target acquisitions, managed the due diligence
    process, and provided strategic direction for the company.

    "Frank has shown the vision and experience to take WorldWater to
    the next level by providing highly effective management solutions for
    our company as our business grows," said Quentin T. Kelly, Chairman of
    the Board. "He has the appropriate hands-on expertise to lead the
    Company to profitable operations and to tackle the challenges that
    come with rapid growth. Frank was hired last year with the intention
    of bringing him into the role of CEO. He has demonstrated his
    capabilities, and as a result, we expect a smooth transition in the
    coming weeks. I am extremely proud and honored to have led our company
    from a small start-up firm to a top-tier, publicly-held provider of
    alternative energy systems, and, as Chairman, I will continue to focus
    my interests on benefiting WorldWater but as a long-term strategist
    with an eye toward increasing new business development. The Board and
    I know that Frank will handle the Chief Executive responsibilities
    most effectively."

    Dr. Smith added, "WorldWater is at a critical juncture in its
    corporate history. The solar business is growing at an accelerating
    pace, as demand for clean energy continues to increase throughout the
    globe. In this expanding market, we are well positioned to take
    advantage of numerous growth opportunities. We now need to execute to
    plan and improve our financial results - which we clearly intend to
    do. I have never been more excited about an opportunity than I am
    about implementing WorldWater´s growth strategy and building its
    business both in the U.S. and internationally."

    About WorldWater & Solar Technologies

    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 not
    only generate and distribute electricity, but can drive 1000
    horsepower motors and pumps from sunshine independently or in
    conjunction with the electric grid, providing 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.