PENNINGTON, N.J., Feb. 13, 2004 -- WorldWater Corp. has signed a memorandum of understanding (MOU) with The Sandi Group, Inc., forming a joint venture to solicit contracts in Iraq in the areas of public works and water and power sector rehabilitation.
The two companies intend to bid on contracts which will utilize WorldWater's proprietary solar power and water management services, technology and products. The companies have already entered a bid on at least one project in Baghdad.
About The Sandi Group - The Sandi Group, with offices in the United States, Iraq, and other countries, is a developer, contractor, logistical support provider and investor in Iraq. Its founder and chairman is Rubar Sandi, who is also Chairman of Corporate Bank Business Group and founder of the Iraq-U.S. Business Council. The Sandi Group has interests in Iraq in real estate, hotels, banking, air passenger and cargo transport, agriculture, water treatment, office supplies, oil and business development.
About WorldWater Corp. - WorldWater is a full service international solar energy and water management company with unique high-powered solar technology providing solutions to water supply and energy problems. The company recently developed and patented AquaMax™ solar pumping systems capable of operating pumps up to 600 hp, making it the first solar company in the world with the power to deliver mainstream pumping capability.
For further information, link to The Sandi Group - www.corporatebankintl.com -- link to WorldWater Corp. - www.worldwater.com
