ORIGINCLEAR INC.


Associated tags: Water, Climate change, Drinking, Government, Movement, OTC Markets Group, Energy, Utilities, Natural Resources, Other Natural Resources, Environment, Professional Services, Renewable energy, Construction & Property, Security (finance), Recycling

Locations: TEXAS, UNITED STATES, NORTH AMERICA, FLORIDA, PE, MALVERN, TX

Modular Water Systems and Klir Partner for Water On Demand Pilot Program

Retrieved on: 
Tuesday, April 9, 2024

(OTC Other: OCLN ), the Clean Water Innovation Hub™, announced today the selection of Klir, Inc. ( www.klir.com ) to support its planned Water On Demand pilot program focusing on mobile home parks (MHP) in the Greater Central Texas Region.

Key Points: 
  • (OTC Other: OCLN ), the Clean Water Innovation Hub™, announced today the selection of Klir, Inc. ( www.klir.com ) to support its planned Water On Demand pilot program focusing on mobile home parks (MHP) in the Greater Central Texas Region.
  • We are committed to supporting OriginClear's Water On Demand pilot program and look forward to delivering seamless, efficient solutions for managing water resources at the local level."
  • We are committed to supporting OriginClear's Water On Demand pilot program and look forward to delivering seamless, efficient solutions for managing water resources at the local level."
  • “We’re very excited that Klir has agreed to join in on our series of planned MWS systems working closely with Enviromaintenance,” said Daniel M. Early, PE, President of Modular Water Systems.

OriginClear’s Modular Water Systems and Enviromaintenance Partner for Water On Demand Pilot Program

Retrieved on: 
Tuesday, March 26, 2024

(OTC Other: OCLN ), the Clean Water Innovation Hub™, announced the signing of a Memorandum of Understanding (MOU) between Modular Water Systems (MWS) and Enviromaintenance of Georgetown, TX to collaborate on sales of standardized systems in the Greater Central Texas Region, from Waco to San Antonio.

Key Points: 
  • (OTC Other: OCLN ), the Clean Water Innovation Hub™, announced the signing of a Memorandum of Understanding (MOU) between Modular Water Systems (MWS) and Enviromaintenance of Georgetown, TX to collaborate on sales of standardized systems in the Greater Central Texas Region, from Waco to San Antonio.
  • The company plans to recommend Modular Water System’s fully integrated, modular wastewater treatment systems to MHPs, thereby providing mobile home park owners an affordable, reliable and efficient way to treat their wastewater.
  • The company plans to recommend MWS’s fully integrated, modular wastewater treatment systems to MHPs, thereby providing mobile home park owners an affordable, reliable and efficient way to treat their wastewater.
  • MWS, a division of OriginClear subsidiary Water On Demand™, manufactures a series of robust and durable wastewater treatment systems and has commercialized highly-standardized systems for MHPs, incorporating either IFAS (Integrated Film Activated Sludge) or MBR (Membrane Bio Reactor) treatment capabilities.

OriginClear’s Water On Demand In Strategic Partnership with the Intent to Acquire Manufacturer for its Proprietary Modular Products

Retrieved on: 
Wednesday, January 10, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240110217200/en/
    “Modular Water Systems (MWS) has tremendous growth potential due to its highly standardized, modular line of products.
  • The MOU enhances the strategic relationship and enables MWS to build its complete water systems right where the enclosures are manufactured, for maximum efficiency and speed.
  • “Modular Water Systems has tremendous growth potential due to its highly standardized, modular line of products.
  • “The solution is to let businesses treat and even recycle their own water, making better use of scarce fresh water.

OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Announce Business Combination to Create Nasdaq-Listed Company

Retrieved on: 
Tuesday, October 24, 2023

Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced that FRLA and Water On Demand Inc. (WOD), a subsidiary of OriginClear, Inc., have entered into a definitive business combination agreement (the "BCA").

Key Points: 
  • Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced that FRLA and Water On Demand Inc. (WOD), a subsidiary of OriginClear, Inc., have entered into a definitive business combination agreement (the "BCA").
  • The proceeds will be used to develop the Water On Demand water-as-a-service network, grow the Modular Water and Progressive Water business units, and carry out an aggressive acquisition program, which is expected to accelerate the existing growth.
  • The proceeds will be used to develop the Water On Demand water-as-a-service network, grow the Modular Water and Progressive Water business units, and carry out an aggressive acquisition program, which is expected to accelerate the existing growth.
  • The acquisitions will prioritize network management software, management and engineering staffing, and vertical integration through acquisition of component fabricators.

In Amended Letter Of Intent, OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Nominate A New Target For Merger

Retrieved on: 
Thursday, September 28, 2023

Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announce that FRLA and OriginClear subsidiary, Water On Demand Inc. (WODI), currently the sponsor of FRLA, have agreed to nominate a new target for acquisition by FRLA.

Key Points: 
  • Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announce that FRLA and OriginClear subsidiary, Water On Demand Inc. (WODI), currently the sponsor of FRLA, have agreed to nominate a new target for acquisition by FRLA.
  • The new target is Progressive Water Treatment Inc., a Texas corporation (PWT).
  • View the full release here: https://www.businesswire.com/news/home/20230928062773/en/
    Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announce that FRLA and OriginClear subsidiary, Water On Demand Inc., currently the sponsor of FRLA, have agreed to nominate a new target for acquisition by FRLA.
  • The new target is Progressive Water Treatment Inc., a Texas corporation (PWT).

OriginClear Merges Its Water On Demand and Progressive Water Treatment Subsidiaries

Retrieved on: 
Tuesday, September 26, 2023

OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its subsidiaries, Water On Demand™ Inc. (WODI) and Progressive Water Treatment Inc. (PWT).

Key Points: 
  • OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its subsidiaries, Water On Demand™ Inc. (WODI) and Progressive Water Treatment Inc. (PWT).
  • View the full release here: https://www.businesswire.com/news/home/20230926392581/en/
    OriginClear Inc. the Clean Water Innovation Hub™, announces that it recently merged its subsidiaries, Water On Demand™ Inc. (WODI) and Progressive Water Treatment Inc. (PWT).
  • (Graphic: OriginClear)
    In April, OriginClear transferred its Modular Water Systems division to WODI.
  • “By consolidating our powerhouse Progressive Water Treatment division with Water On Demand and Modular Water, we believe we have created outstanding enterprise value,” said Riggs Eckelberry, OriginClear CEO.

In the First Quarter, OriginClear Continued Its Substantial Revenue Growth

Retrieved on: 
Thursday, May 25, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230525005854/en/
    Modular Water Systems (MWS) contributed 58% of total revenue, or $1,155,803.
  • In April and subsequent to this Quarter, the Company transferred MWS to its subsidiary, Water On Demand.
  • Meanwhile, Cost of Sales for Q1 2023 was $1,875,319 compared to $1,458,855 for the same period in the prior year.
  • Modular Water Systems (MWS), which at the time was still a division of the Company, contributed 58% of total revenue, or $1,155,803.

OriginClear’s Subsidiary Water On Demand Signs MOU Regarding Acquisition of Established SaaS Developer

Retrieved on: 
Monday, May 22, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230522005695/en/
    Figure 1: The main steps of the Water On Demand Process, with potential acquisitions.
  • “Our plan is to acquire and maintain the Developer’s stable SaaS business, while also leveraging its expertise to help build our end-to-end water service network,” said Riggs Eckelberry, OriginClear and Water On Demand CEO.
  • “With this network up and running, any business could fully outsource its wastewater treatment and water transportation needs to Water On Demand without requiring upfront capital.” (Graphic: OriginClear)
    The MOU provides a framework for negotiating a definitive agreement for the acquisition of the Developer.
  • The acquisition of Developer and its intellectual property as contemplated by the MOU is intended to complement the MWS asset transfer.

OriginClear Presents Acquisition Roadmap for Water On Demand

Retrieved on: 
Tuesday, May 16, 2023

By uniting Modular Water with Water On Demand, we create the perfect synergy between the two.

Key Points: 
  • By uniting Modular Water with Water On Demand, we create the perfect synergy between the two.
  • Water On Demand is now well positioned to lead the new water managed services segment; and the only company in that segment to accept investments from everyday investors.” (Graphic - Water On Demand Inc.)
    The presentation is available by clicking this link on the Water On Demand site: Water On Demand with Modular Water Systems Q3-2023 .
  • In April, Water On Demand announced that it purchased Modular Water’s intellectual property and assets in exchange for 6 million shares of Water On Demand common stock.
  • “We anticipate this transaction will further benefit OriginClear shareholders as Water On Demand executes on its business plan.”
    “As governments are tasked with improving water quality, businesses are doing their part by treating and recycling their own water right on the spot,” said Riggs Eckelberry, OriginClear CEO and Chairman of Water On Demand.

OriginClear’s Revenue Increased 250% in 2022

Retrieved on: 
Thursday, April 20, 2023

(OTC Pink: OCLN ), the Clean Water Innovation Hub™, announces that in its 10-K Annual Report filing , 2022 revenue increased by 250% from $4,143,744 to $10,376,573, setting a new range for the company’s operations.

Key Points: 
  • (OTC Pink: OCLN ), the Clean Water Innovation Hub™, announces that in its 10-K Annual Report filing , 2022 revenue increased by 250% from $4,143,744 to $10,376,573, setting a new range for the company’s operations.
  • “2022 saw the realization of increased sales growth in 2021.
  • We are very proud of our operations teams as they delivered on the dramatic increase in business.”
    Annually, gross profit increased by 262% from $569,684 to $1,495,297 showing increased efficiency in purchasing.
  • Net loss for 2022 was $(10,790,721), compared to a net loss of $(2,117,781) for 2021.