LOS ANGELES, June 28, 2018 /PRNewswire/ -- OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, announced today that as its incubation of WaterChain drew to a close, it invited water industry stakeholders and cryptocurrency experts to advise on its WaterChain™ business model, technology and consortium.
WaterChain aims to help address the worldwide water infrastructure shortage by using blockchain and cryptocurrency to create a new, decentralized ecosystem of water producers.
Led by WaterChain's chief advisor and designated CEO David Metzler, the discussion included economic, technology and regulatory considerations, and the planned WaterChain Consortium of water and crypto industry stakeholders.
"We are now actively getting industry feedback on the WaterChain model and consortium," said Eckelberry.
"It was truly an honor to be in a room with that many smart people," added Metzler. "It is vital to us that WaterChain be a solid, viable solution and it was gratifying to have so many brilliant people with different skillsets willing to come together to solve such a massive and important problem."
Mr. Eckelberry's June 21 appearance on MoneyTV included video of the meeting (watch video)
It is still very early in the WaterChain project, so there is no assurance this effort will succeed, or that we will successfully fund, and eventually develop, a cryptocurrency or blockchain offering.
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.
Press Contact: Tyler Lyon Interdependence Public Relations 847-212-6302 [email protected]