WorldWater & Solar Technologies Corp. And Solargenix Energy Sign Strategic Memorandum

Pennington, NJ — WorldWater & Solar Technologies Corp., developer and marketer of proprietary high-power solar systems, and Solargenix Energy, LLC (SGX) headquartered in Sanford, North Carolina, have announced 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.

SOURCE: WorldWater & Solar Technologies Corp.