WorldWater & Power Corp. acquires assets of Calif.'s Quantum Energy Group
Developer of proprietary high-power solar systems acquires MJD Solutions Inc., d/b/a Quantum Energy Group, to assist with the design and construction of WorldWater projects...
PENNINGTON, NJ, Sept. 13, 2005 (PRNewswire-FirstCall) -- WorldWater & Power Corp., developer of proprietary high-power solar systems, today announced the acquisition of MJD Solutions, Inc., d/b/a Quantum Energy Group, to assist with the design and construction of WorldWater projects.
Quantum Energy Group, an energy, construction, and project management company based in Applegate, California, has completed more than 400 residential, commercial and institutional installations. They have been licensed contractors in the state of California since 1984, and as MJD Solar, began marketing and installing photovoltaic systems in California in 2001. With a background in engineering, design and construction, they have grown rapidly in California and have come to be recognized as a leader in photovoltaic design and installation.
The stock purchase of Quantum adds an important expansion of design and delivery capability to WorldWater's portfolio of solar electric and water management projects. WorldWater & Power will be assuming Quantum Energy Group's backlog of business in California, as well as its pipeline of new business opportunities.
"WorldWater & Power Corp. enables us to expand our capabilities and strengthen our combined business throughout the U.S., including New Jersey" said Matthew Nelson, CEO & President of Quantum Energy Group.
WorldWater & Power Corp. (www.worldwater.com) is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that provides solutions to a broad spectrum of the world's electricity and water supply problems.
Quantum Energy Group LLC (www.qegroup.net) is an energy consulting company specializing in reducing electricity costs for all types and sizes of commercial and industrial facilities. It's an authorized affiliate of Energy Automation Systems Inc.