New licensee DongYuan (DY) has placed an order for its first OriginClear demonstration system. DY was founded in 2009, focusing on heavy polluted industrial wastewater treatment, water recycling, brine processing, sludge drying and agriculture farming wastewater treatment. According to DongYuan, in 2012 the Chinese government honored it as a "High-New Technology Enterprise."
DongYuan joins Park Rich Environmental Technology and Ming Xu as active China partners. Industrialist Xu had originally agreed to fund a sales joint venture in China, but in response to recent progress in building a network of multiple licensees, has entered into a Partnership Memorandum of Understanding (MOU) pursuant to which the Company and Xu may enter into a license agreement and may launch an OriginClear Excellence Center, a joint venture intended to support licensees with technology training and maintenance, marketing and communications efforts, and providing additional resources such as synergistic third party technologies. However, there cannot be any assurance that any definitive agreements with Xu will be entered into.
"We are very excited that we have reached this understanding to launch our first OriginClear Excellence Center," said Kindler. "Not only could this be an excellent resource for supporting our licensees in China and elsewhere, but it could help us establish a high profile brand in the country, thus helping to protect our asset there."
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About OriginClear, Inc.
OriginClear (OTC/QB: OCLN) 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. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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SOURCE OriginClear, Inc.