Subject: CON
First Sale for OriginClear's Modular Water Treatment Division
LOS ANGELES, Aug. 14, 2018 /PRNewswire/ -- OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today announced that on July 25, 2018, its Modular Water Systems division (www.modularwater.com), received its first order totaling about $60,000.
The order was for a brewery wastewater treatment plant that will use a heavy reinforced plastic system invented and patented by Daniel "Dan" Early P.E. (Professional Engineer), President of OriginClear's Modular Water Systems unit.
"Dan brought in his first sale within 30 days as president of Modular Water Systems," said Riggs Eckelberry, OriginClear CEO. "These sales can take months of lead time, so that is an amazing performance."
Recently, OriginClear hired Brian Pearce as Operations Manager, with the priority mandate of supporting the rollout of Modular Water Systems. Previously, Pearce served as Chief Operating Officer of Beyond Security, a security software company. In addition to hiring Brian, OriginClear is beefing up its accounting and service staff, and investing in manufacturing software.
Modular Water Systems is domiciled at OriginClear's wholly-owned subsidiary, Progressive Water Treatment of McKinney, Texas, and will rely on Progressive's manufacturing facilities until it develops its own in-house facilities.
The heads of these units will discuss these and other plans at OriginClear's First Water Conference, to be held on August 16th in the La Kretz Innovation Center.
"We plan to have candid and proactive discussions about our expansion plans," said Bill Charneski, president of the OriginClear Group. "Ultimately, we want to move to a standardized Modular Water Systems product line, and Progressive Water Treatment's capabilities are key to this plan."
Modular Watertm designs and delivers prefabricated wastewater treatment products to customers and end-users that have to clean their own wastewater. It uses Structurally Reinforced Thermoplastic (SRTP) materials to focus on developing water and wastewater collection, conveyance, and treatment systems that have high performance and sustainability.
Typical customers include schools, small communities, institutional facilities, real estate developments, factories, and industrial parks.
Dan Early has pioneered the use of heavy reinforced plastic materials to create modular "water-systems-in-a-box". Not only is reinforced thermoplastic faster and cheaper to build, but it has at least three times the lifespan as compared with concrete-and-steel construction. His inventions have led to the patented Wastewater System & Method for which OriginClear holds world exclusive rights.
In a 2016 Water Online guest column, "The Water Revolution: Moving To A Decentralized System," Riggs Eckelberry stated: "Instead of rebuilding our current infrastructure, we can equip water users to treat their own water with small, modular water treatment systems that can be built and installed locally. The opportunity is clear: move to a decentralized structure."
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About OriginClear, Inc.
By 2020, the global water services industry is forecasted to be a trillion-dollar industry ? and yet, 80% of all sewage in the world still goes untreated. Our mission is to provide expertise, technology, and capital to help make clean water available for all. We license our breakthrough technology worldwide to treat heavily polluted waters and also remove harmful micro-contaminants from drinking water, using minimal energy, chemicals, and materials. We are building a network of profitable water service companies to expand our global market presence and our technical expertise. Water is our most valuable resource, and the mission of OriginClear 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:
Kaitlyn Finegan
Antenna Group
415-977-1914
[email protected]
Investor Relations OriginClear:
Tom Becker
Toll-free: 877-999-OOIL (6645) Ext. 3
International: +1-323-939-6645 Ext. 3
Fax: 323-315-2301
[email protected]
www.OriginClear.com
SOURCE OriginClear, Inc.
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