Partnership opens potential 2017 installations in a market growing at 12% annually
Los Angeles, CA /PRNewswire/ - OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today announced that the company has entered into a license agreement with Permionics Global Technologies LLP, the emerging technologies division of Permionics Membranes Pvt Ltd, a leading Indian filtration and membrane solutions provider for process, waste water recycling and water treatment.
Founded in 1980, Permionics states it has more than 10,000 projects and installations in India and other countries. Supported by strong in-house research and development, engineering and manufacturing, Permionics believes it was the first to commercialize a complete membrane-based solution entirely developed in India.
OriginClear's is the first in the array of technologies that the Global Technologies division is adding to this solution. The division has begun to integrate OriginClear's breakthrough high-speed water cleanup technology, Electro Water Separation with Advanced Oxidation (EWS:AOx™) into Permionics' offerings.
"Our relationship with OriginClear comes at a strategic time. As in several other countries in Asia, regulations are catching up to address critical environmental issues and the demand is growing for comprehensive, reliable systems that can treat a complete range of contaminants," said Mr. Satyajai Mayor, Managing Director of Permionics Membranes and Permionics Global Technologies. "In addition to multiple future prospects, we have identified at least five current projects where EWS:AOx could be a strategic addition. Some of these are due for delivery before the end of 2017, and we are already working together with OriginClear's engineers on the technology integration. This technology will make recycling systems more reliable and robust by removing difficult-to-treat contaminants."
"This is further proof – on top of our Malaysian partnership with filtration systems manufacturer Osmocell – that OriginClear's proprietary Advanced Oxidation process could be transformative in specific industry verticals," said Jean-Louis "JL" Kindler, President of OriginClear's Technology Division. "We believe that working with already established stakeholders, who understand the need and benefits of EWS:AOx as an upstream treatment solution for their processes, is our best and shortest pathway to achieve rapid commercial success, in a very conservative business environment."
As part of the licensing agreement, Permionics has agreed to purchase an EWS lab unit, which the company will use to optimize the process for local waste waters, and to pursue immediate commercial opportunities.
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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. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
SOURCE: OriginClear, Inc.Copyright 2017 PR Newswire. All Rights Reserved