WorldWater and ENTECH prepare to concentrate

WorldWater & Solar Technologies (OTCBB: WWAT) (formerly WorldWater & Power Corp.), has started tooling up to produce concentrating solar panels based on technology from ENTECH.

The company has begun what it calls "engineering procedures for the manufacturing line of ENTECH panels" at its headquarters in Keller, Texas for delivery of product in early 2008.

WorldWater announced plans to acquire the company several months ago (see WorldWater acquiring solar developer ENTECH.)

Full closure of the acquisition cannot take place until new shares are authorized at the forthcoming Special Shareholder meeting anticipated in late August/September 2007, the company acknowledged today.

“We are together in our efforts to meet manufacturing goals and timelines,” said Quentin T. Kelly, Chairman and CEO of Worldwater & Solar Technologies.

“We are undertaking these actions in anticipation of the closing by end of summer.”

ENTECH provides advanced solar energy technology for a variety of applications, ranging from daylighting systems for commercial buildings to solar power arrays for spacecraft.

The company's Fresnel lens approach captures sunlight and focus it onto small solar cells, reducing electricity costs compared to conventional flat-plate (planar) solar energy approaches.

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