LOS ANGELES and DALLAS, Nov. 21, 2016 /PRNewswire/ -- OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today announced the designation of its subsidiary, Progressive Water Treatment (PWT), as its complete systems manufacturer. The decision comes on the heels of the completion of the company's fourth field study to date, in Kern County, California.
"A year ago, when we acquired the company, we were not ready to make PWT our systems manufacturer," said Riggs Eckelberry, OriginClear CEO. "PWT builds systems at the scale of regional power plants, and requires thoroughly field-proven technology. With the completion of our 2016 field study, we're confident that our technology is now ready for distribution. We plan to make PWT our first complete system manufacturer, for both licensees and end-users."
With help from its longtime suppliers of membranes and other components, PWT is building a showcase trailer-based system that incorporates OriginClear's patented Electro Water Separation™ (EWS) for a complete water treatment solution.
"I joined OriginClear for its technology," said Marc Stevens, President of Progressive Water Treatment. "I'm extremely happy to take it to market as a complete solution!"
"We have always been focused on licensing the technology, and this won't change," said Jean-Louis "JL" Kindler, President of OriginClear Technologies. "The difference is, licensees who aren't ready to manufacture our systems can now buy them from PWT. Of course, PWT will also be able to sell complete systems directly to end-users where we don't have a favored relationship with a licensee."
OriginClear's EWS with Advanced Oxidation (EWS:AOx™) effectively removes several organic contaminants and bacteria in water, preparing it for final polishing stages to operate efficiently and economically. It does this in a single pass, with minimal chemicals involved.
OriginClear commissioned a series of field studies to validate its technology, principally in the following locations:
In 2016, OriginClear successfully demonstrated its ability to decontaminate produced water for reuse in agricultural irrigation in Kern County, CA. The field study employed OriginClear's latest Advanced Oxidation invention, which OriginClear announced in March.
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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.