OriginClear’s Modular Water Systems Books Record Month
May purchase orders reached approximately $1.5 Million
CLEARWATER, Fla.–(BUSINESS WIRE)–$OCLN #cleanwater—OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that its Modular Water Systems™ (MWS) business division received purchase orders for approximately $1.5 Million in May of 2022. This compares to $1,774,880 in purchase orders for the entire year 2021.
“Our May purchase orders included a mix of waste management for a power plant, off-grid sewage management for a summer camp, and wastewater lift stations for both a lakeside development and a highway travel stop,” said Daniel M. Early P.E., OriginClear Chief Engineer and President of the MWS division. “In addition to our normal industrial business, we are seeing rising demand for modular water systems to reduce the need for municipal sewage connections.”
MWS owns a master license for Mr. Early’s five international patents for prefabricated, highly-durable modular water treatment and pumping products. This proprietary technology frequently qualifies as “Basis of Design” for projects, which means that competitors cannot easily undercut MWS.
Modular Water Systems, which has been integrated with OriginClear’s Dallas, Texas-based Progressive Water Treatment, is becoming its own business unit. Its growing EveraMOD™ wastewater lift station product line was featured in a recent video at a manufacturing site.
In its role as the Clean Water Innovation Hub, OriginClear management plans to continue to build its various business divisions and, in time, launch them as separate entities and potential public companies themselves, in which OriginClear would retain a substantial stake.
“We believe that developing a series of profitable public company candidates could deliver far more shareholder value than trying to maintain multiple divisions in a single company,” said Riggs Eckelberry, OriginClear CEO. “We intend these startups to be highly focused ‘pure plays,’ while OriginClear assures all central services, such as Legal, HR, IT and marketing.”
The first such launch is OriginClear’s new Water On Demand™ (WOD) unit, which has achieved funding for its first commercial pilot program. Using long-term service contracts, WOD offers relief from capital expense (CapEx) for local businesses and housing communities, and intends to use local water companies to build and provide onsite support, for maximum scalability.
To standardize these nationwide water systems, the Company plans to license the MWS modular, prefabricated designs to these water companies and expects this to be a significant source of high-margin revenues for MWS.
About OriginClear Inc.
OriginClear leads the self-reliant water revolution, democratizing water investment by developing a marketplace to connect investors with water projects; and commercializing modular, prefabricated, filter-free advanced systems for faster sanitation worldwide. With America’s broken infrastructure and 100 billion dollars of government spending to fix the nation’s 150,000-plus water systems, OriginClear is helping them “cut the cord”, by developing outsourced pay-per-gallon programs and a future digital currency to streamline payments. Our line of Modular Water products and systems is key to the self-reliant water treatment revolution as they create “instant infrastructure” – fully engineered, prefabricated and prepackaged systems that use durable, sophisticated materials.
For more information, visit the company’s website: www.OriginClear.com
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OriginClear Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements. When used in this release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect,” “plans” 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, and if or when the Company will receive and/or fulfill its obligations under any purchaser orders. 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 except as may be required under applicable laws.
Contacts
Media Contact
The Pontes Group
Lais Pontes Greene (954) 960-6083
lais@thepontesgroup.com
www.thepontesgroup.com
Investor Relations and Press Contact:
Devin Angus
Toll-free: 877-999-OOIL (6645) Ext. 3
International: +1-323-939-6645 Ext. 3
Fax: 323-315-2301
ir@OriginClear.com
www.OriginClear.com
