OriginClear licensee Depuporc S.L. to build complete systems powered by OriginClear Technology
Los Angeles, CA /PRNewswire/ - OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, recently announced that its licensee in Spain, Depuporc S.L., has signed a commercial contract to supply complete mobile treatment systems to pig farm operators. The units have a daily capacity of 120m3, or 31,700 gallons per day. Depuporc intends to integrate OriginClear's breakthrough Electro Water Separation™ with Advanced Oxidation (EWS:AOx™) technology in the systems it deploys.
The contract outlines orders beginning with 12 machines in the first year, tripling to 36 units by the third year. Between component sales and royalties, OriginClear believes that this project will generate about half a million dollars in the first year, also tripling by year three.
CEO Riggs Eckelberry discussed the contract in a sponsored appearance on MoneyTV: https://www.originclear.com/video/originclear-to-earn-half-million-dollars-in-spanish-deal
"We licensed the OriginClear technology to optimize and improve the patented manure treatment process that we have developed over the past years," said Francisco Longares, CEO of Depuporc SL. "We did several tests with various animal farming effluents, including one particularly successful test that our team published on video, and this confirmed our opinion of EWS:AOx. We are extremely happy to see that our efforts are now materializing into commercial results."
OriginClear's EWS:AOx will form the core of a complete mobile system designed and built by Depuporc in Spain. Large solids will be removed before EWS:AOx, with a polishing stage afterwards, to ensure discharge water quality will meet stringent European Union water quality standards.
"The Spanish market is undoubtedly huge and as such, a first commercial implementation has tremendous value to us," said Jean-Louis "JL" Kindler, President of OriginClear Technologies. "In addition, a success there will set an example for other major markets in the animal effluent industry, namely the US and China, where we are already present and active."
With over 28 million animals, Spain is now the world's third largest pork meat exporter after China and the U.S. Furthermore, increased industrialization has seen the average number of animals per farm nearly quadruple, from 122 to 467, in less than 15 years. This also concentrates the production of manure in Spain, which is currently estimated at 62 million cubic meters per year. This is equivalent to covering the whole area of New York's Central Park in manure, to the height of a five-floor building (17 meters or 55 feet).
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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®, For more information, visit 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 2018 PR Newswire. All Rights Reserved