LOS ANGELES, and DALLAS, Dec. 13, 2016 /PRNewswire/ -- OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today announced that its Dallas-based Progressive Water Treatment (PWT) division has seen a post-election increase in quotations for large system sales.
"In the month since the election, we have seen a significant increase in quotations for major projects," said Marc Stevens, President of PWT. "Buyers appear to be reassured about the business climate and are calling us to move ahead. This indicates to me that we will see strong growth in 2017."
Certain customers are interested in modernizing their systems, instead of stretching the life of older, less-efficient equipment. Stevens pointed to an existing customer, an energy company which until now, has opted to take the cheapest option which was to replace the fewest membranes they could. As a result, an opportunity to sell consumable products was upgraded to a potential system sale.
"The plant feels it will be better off spending money on new equipment instead of patching together the old," Stevens said.
"The new administration's triple focus on business, energy and water is the perfect trifecta for our industry," said Riggs Eckelberry, OriginClear CEO. "Especially in the energy sector, more water will need to be treated and buyers appear encouraged and seem willing to invest in large capital projects."
Despite these strong indications, the OriginClear CEO cautioned there can be no guarantees that this activity will lead to increased business.
The incoming administration has begun to make appointments that reflect its stated plans to build up water infrastructure. The Fresno Bee reported in an editorial that "Rep. Devin Nunes, R-Tulare, a bulldog on water, is an executive member of Trump's transition team. The incoming administration also has appointed a Westlands Water District lobbyist, David Bernhardt, to head the Interior Department transition team that will make recommendations on policies and personnel."
Follow us on Twitter
Like us on Facebook
Signup for our Newsletter
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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/originclear-reports-leap-in-large-system-quotes-since-election-300377060.html
SOURCE OriginClear, Inc.