LOS ANGELES, Dec. 1, 2016 /PRNewswire/ -- OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today commented on consistent statements made by President-elect Trump that his administration will focus on clean water. These statements support existing trends to decentralize water treatment, improve recycling and develop water infrastructure.
"Candidate Trump took a strong position on clean water, especially after he visited Flint, Michigan in September," said Riggs Eckelberry, OriginClear CEO. "It is now a major policy position of the incoming administration, whose support for a major infrastructure initiative specifically targets our crumbling water systems."
On Facebook, President-elect Trump stated: "Everyone deserves clean air and safe drinking water regardless of race or income. Water infrastructure will be a big priority."
On Trump's website, the infrastructure section supports long-term investments in clean water. The policy states: "Make clean water a high priority. Develop a long-term water infrastructure plan with city, state and federal leaders to upgrade aging water systems. Triple funding for state revolving loan fund programs to help states and local governments upgrade critical drinking water and wastewater infrastructure."
While Eckelberry cautioned that there cannot be any assurance that any initiatives of the incoming administration will lead to increased revenue for OriginClear, he noted that water investments are already increasing ahead of any actions the Trump administration may take.
As an indication of the general trend, water infrastructure company Forterra recently reported a strong third quarter and filed a registration statement with the Securities and Exchange Commission for a public offering.
And a recent EPA survey found that $271 billion is needed to maintain and improve the nation's wastewater infrastructure, including the pipes that carry wastewater to treatment plants, the technology that treats the water, and methods for managing stormwater runoff.
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About OriginClear, Inc.
OriginClear is a leading provider of water treatment solutions and the developer of a breakthrough water cleanup technology serving the rapidly growing $500 billion world market. Through its wholly owned subsidiaries, OriginClear provides systems and services to treat water in a wide range of industries, such as municipal, pharmaceutical, semiconductors, industrial, and oil & gas. To rapidly grow this segment of the business, we strategically acquire profitable and well-managed water treatment companies, which allow us to expand our global market presence and technical expertise. To enable a new era of clean and socially responsible water treatment solutions, we invented Electro Water Separation™, a breakthrough high-speed water cleanup technology using multi-stage electrolysis, that we license worldwide to water treatment equipment manufacturers. Water is our most valuable resource, and the mission of the "Family of OriginClear Companies" is to improve the quality of water and help return it to its original and clear condition. To learn more about OriginClear®, please visit our website at www.originclear.com.
OriginClear Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. Without limiting the generality of the foregoing, there cannot be any assurance that the Company will consummate any acquisitions. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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SOURCE OriginClear, Inc.