WorldWater & Power Corp. (WorldWater), incorporated on April 3, 1985, is an international solar engineering and project management company with high-powered solar electric technology and expertise. The Company delivers product and service offerings, from solar-powered equipment and installations, both fixed and mobile, to large-scale, turnkey solar energy and water system solutions, specializing in variable frequency drive (VFD) applications. The foundation and enabler for these offerings is the Company's solar technology, including its AquaMax System, AquaDrive Controller, AquaMeter Water Meter, and soon to be introduced MobileMaxPure. WorldWater has placed emphasis on markets in California, New Jersey, Delaware, and their surrounding states to address the needs of residential, commercial and industrial customers, in both the public and private sectors. The Company continues to submit proposals to various foreign governments in need of solving water supply and energy problems using the solar technology. Solar Power Systems WorldWater's photovoltaic (PV) net-metering systems are designed to zero out electric usage charges for residential, commercial, industrial and governmental applications. The systems generate clean electricity from the sun and, when the power from the sun exceeds the amount consumed by the facility, are able to spin the meter backwards, thus accumulating credit from the local electric utilities. These systems allow organizations to manage their present and future energy costs by significantly reducing the energy purchased from the utility. Therefore, hedging escalation of electricity charges over time, the net-metered client will be significantly less affected. Solar Water Systems The Company's AquaMax solar electric system, capable of operating pumps and motors up to 600 horsepower for irrigation, refrigeration and cooling, and water utilities, delivers mainstream pumping capacity powered by solar technology. The system has an electronic board that reads and translates the output of direct current (DC) from solar panels, converting the flow into alternating current (AC) for delivery to the electric grid, water pumps or any three-phase AC motor. These hybrid solar irrigation pumps are able to operate on solar alone or in combination with the electric grid or diesel generators. There is limited ongoing maintenance cost associated with the sun power source used to drive the irrigation equipment. AquaMax high-yield hybrid irrigation pumps take solar water pumping systems to unprecedented production levels. WorldWater has the technological capability to drive motors and pumps up to 600 hp, delivering thousands of gallons of water per minute by solar energy alone, or in automatic combination with the electric grid or diesel generators. Irrigating fields in remote areas with solar power requires no fuel costs, limited maintenance, while generating no noise and no pollution. With WorldWater's hybrid systems, if sunlight is not available or decreases as a result of cloud cover, the AquaMax can automatically switch to an alternate power source: diesel generation, batteries, or the electric grid. The AquaDrive controller converts solar DC to AC, then supplies the AC power to a motor or pump from either the solar array or the grid (or other sources, such as diesel generators, wind generators) or simultaneously from both sources. The hybrid operation is programmed to be completely automatic so manual intervention is not required to switch from one power source to the other. WorldWater has crossed another technological threshold in the deployment and use of photovoltaics into previously conventional electricity areas. Idyllwild Water District in California is the first water utility to use solar to save up to 70% of the energy of its operation. This is due to WorldWater's technology running its booster pumps and operating its major wells while also being available to perform net metering, while providing back-up power capability in the event of grid power interruption. Should the gird fai