Texas, United States [RenewableEnergyWorld.com] WorldWater & Solar Technologies Corp. announced that it has changed its corporate name to Entech Solar Inc., effective January 12, 2009. The company’s ticker symbol will remain WWAT temporarily until it is reassigned a new one. Entech Inc. will continue as a subsidiary of Entech Solar Inc.
“Entech Solar is a name that more accurately reflects the transformation of our business since our acquisition of Entech in January 2008,” said Frank Smith, Entech Solar’s CEO. “Today, we are a concentrating solar technology company focused on providing our advanced, cost-competitive modules to commercial and industrial customers. Entech’s core strategy will be on manufacturing and selling the company’s breakthrough ThermaVolt™ product, a combined photovoltaic and thermal concentrating solar system.”
WorldWater & Solar Technologies acquired Entech Inc. in January 2008. Entech has been researching and developing concentrating solar systems for 25 years. Since the acquisition, the company has dedicated its resources to commercializing its ThermaVolt system, which produces both electricity and thermal energy.
In conjunction with the name change, Entech Solar has also relocated its headquarters from Ewing, New Jersey, to Fort Worth, Texas, where its, 70,000 square foot, 200-megawatt capacity manufacturing facility is located.