First OriginOil Licensee Completes Demonstration System Incorporating OriginOil's EWS For The Treatment Of Frack Water
LOS ANGELES--(BUSINESS WIRE)--
OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water, announced today that Pearl H20, an affiliate of PACE and OriginOil’s first licensee, installed a commercial scale 1200 bbl/day Pearl Blue™ treatment system last month and began a performance testing phase for treating frac flowback and produced water from the Monterey shale formation.
The Pearl Blue treatment system embeds EWS into a complete mobile system which Pearl H20 believes is the most cost effective way to deliver a fracking fluid with no scaling salts. Removing scale is an essential step in recycling flowback water. Recycling water in this manner saves scarce California fresh water, and reduces the heavy trucking and disposal costs involved in hydraulic fracturing, or ‘fracking.’
The system is described in a brochure published by Pearl H20 and available at http://www.originoil.com/pdf/PearlBlue_Brochure.
“The Pearl Blue System is a complete engineered solution that provides the optimal treatment of flowback or produced water in a cost effective turnkey package. The system provides high quality treatment necessary for reuse, removes the majority of scaling salts, and provides a clear, odorless, oil free water ready for reuse,” said Andy Komor, VP of Environmental Water for PACE. “We are demonstrating the unit to a number of interested parties over the next few weeks and believe the demand for a system that efficiently cleans water continuously to our high standard is huge for the Oil and Gas Industry.”
“We are excited that our first licensee has built the first commercial scale system in the world that incorporates our EWS technology,” Bill Charneski, President of OriginOil’s Oil & Gas Division, stated. “We have a great deal of confidence in the performance anticipated from Pearl Blue.”
Pearl H20 was the first company to participate in OriginOil’s “Powered by OriginOil™” strategy of deploying its unique technology across global markets to Original Equipment Manufacturers (OEMs) who will integrate it seamlessly into their systems and under their own brand.
“Pearl H20 has done an exceptional job of engineering our technology into its industrial-grade Pearl Blue system,” said Riggs Eckelberry, OriginOil CEO. “We intend to fully support their rollout of a system that specializes in de-scaling water for safe frack water recycling.”
Under the terms of the OEM agreement, OriginOil has granted a license to Pearl H2O to bundle OriginOil’s high-speed and chemical-free CLEAN-FRAC technology within Pearl H2O’s complete frac water cleanup system.
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About OriginOil Inc.
OriginOil has developed a breakthrough water cleanup technology for the oil & gas, algae and other water-intensive industries. Unlike other technologies, the company's patent-pending Electro Water Separation™ process rapidly and efficiently removes organic material from large quantities of water without the need for chemicals. For the oil & gas industry, OriginOil is helping clean up produced water and recycle fracking water, to reduce harm to the environment and lower costs. For the emerging algae industry, OriginOil is making large-scale harvest possible. And in aquaculture, OriginOil is helping improve yields and making seafood healthier by dramatically reducing the levels of toxic ammonia and bacteria in water. For a world short on clean water, OriginOil is the lower-cost and cleaner answer. To learn more about OriginOil®, please visit our website at www.originoil.com.
OriginOil 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.
First OriginOil licensee completes demonstration system incorporating OriginOil’s EWS for the treatment of frack water; Pearl H2O enters performance testing phase for 1500 barrel per day system for treating flowback water from the Monterey formation
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