WorldWater & Solar Technologies Appoints Dr. Frank W. Smith as CEO

EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, today announced that, in line with its planned succession and effective immediately, Dr. Frank W. Smith has been promoted from COO to Chief Executive Officer and elected to the Board of Directors of WorldWater & Solar Technologies Corp. As previously announced, former CEO Quentin T. Kelly retires from the CEO position and will continue as non-executive Chairman of the Board of WorldWater.

Dr. Smith, 49, has served as Executive Vice President and COO of WorldWater since February of 2007 and brings over 20 years of experience in strategic planning, business development, and operations management. Prior to his joining WorldWater, Dr. Smith served as Vice President of Strategy and Business Development at EMCORE Corporation, where he identified target acquisitions, managed the due diligence process, and provided strategic direction for the company.

“Frank has shown the vision and experience to take WorldWater to the next level by providing highly effective management solutions for our company as our business grows,” said Quentin T. Kelly, Chairman of the Board. “He has the appropriate hands-on expertise to lead the Company to profitable operations and to tackle the challenges that come with rapid growth. Frank was hired last year with the intention of bringing him into the role of CEO. He has demonstrated his capabilities, and as a result, we expect a smooth transition in the coming weeks. I am extremely proud and honored to have led our company from a small start-up firm to a top-tier, publicly-held provider of alternative energy systems, and, as Chairman, I will continue to focus my interests on benefiting WorldWater but as a long-term strategist with an eye toward increasing new business development. The Board and I know that Frank will handle the Chief Executive responsibilities most effectively.”

Dr. Smith added, "WorldWater is at a critical juncture in its corporate history. The solar business is growing at an accelerating pace, as demand for clean energy continues to increase throughout the globe. In this expanding market, we are well positioned to take advantage of numerous growth opportunities. We now need to execute to plan and improve our financial results – which we clearly intend to do. I have never been more excited about an opportunity than I am about implementing WorldWater’s growth strategy and building its business both in the U.S. and internationally."

About WorldWater & Solar Technologies

WorldWater & Solar Technologies Corp. is a full-service, international solar electric engineering and water management company with unique, high-powered and patented solar technology that can not only generate and distribute electricity, but can drive 1000 horsepower motors and pumps from sunshine independently or in conjunction with the electric grid, providing solutions to a broad spectrum of the world's electricity and water supply problems. For more information about WorldWater & Solar Technologies Corp., visit the website at www.worldwater.com.