Worldwater & Solar Tech. and Solargenix sign strategic MOU
WorldWater & Solar Technologies Corp. and Solargenix Energy, LLC Sign Strategic Memorandum of Understanding on Sales and Marketing Efforts
Pennington, NJ — May 24, 2007
Source: Solargenix.com /press release
http://www.solargenix.com/news.cfm
WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB), developer and marketer of proprietary high-power solar systems, and Solargenix Energy, LLC (SGX) headquartered in Sanford, North Carolina, announced today 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.