LOS ANGELES and DALLAS, Jan. 17, 2017 /PRNewswire/ -- OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today announced that its wholly-owned subsidiary, Dallas-based Progressive Water Treatment Inc. (PWT), recently completed the installation and startup of a $2 million boiler feedwater system for a power plant operated by a major Midwestern public utility. The project utilized all Dow Chemical products.
This is the third large power plant project that PWT designed, built, installed and successfully started up in 2016, bringing the total such orders to approximately $3.5 million for the year. The assignment was to replace an aging water treatment system dating back to the 80s, and has doubled plant capacity.
"Dow and Progressive Water Treatment have partnered to develop several treatment systems over the past 12 years," said Dow Chemical's Senior Account Manager, Tom McCandless. "PWT was the first original equipment manufacturer (OEM) in North America to design and build a system using 100 percent Dow products. We're addressing industry standards for better quality and reliability and we're looking forward to serving as the supplier on this new contract."
"PWT has built an excellent reputation over the twenty plus years of serving the water treatment industry with its design and build systems. We count several large public utilities among our longtime clients," said Marc Stevens, PWT's President. "This project was installed in one of our client's power plants in the South, and treats an onsite groundwater source for high pressure boiler feedwater. The primary processes to treat the ground water are Ultrafiltration, Reverse Osmosis and Electrodeionization, all sourced from Dow Chemical."
"The acquisition of Progressive Water Treatment, just over a year ago, has more than fulfilled our expectations," stated Bill Charneski, President of the OriginClear Group™. "We continue in our strategy to build a group of water treatment service companies that provide all market applications with all water treatment technologies. OriginClear intends to become the United States of Water."
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About Progressive Water Treatment, Inc.
Progressive Water Inc., of the OriginClear Group™, designs and manufactures a complete line of water treatment systems for municipal, industrial and pure water applications. The company utilizes a wide range of technologies, including chemical injection, media filters, membrane, ion exchange and SCADA technology, in turnkey systems. The company also offers a broad range of services including maintenance contracts, retrofits and replacement assistance. In addition, PWT rents equipment in contracts of varying duration. Customers are primarily served in the United States and Canada, with the company's reach extending worldwide from Japan to Argentina to the Middle East.
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. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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SOURCE OriginClear, Inc.