Business
Water On Demand Will Now Focus Entirely On Water Fintech, Eliminating Competition with Water Companies
Water On Demand Will Now Focus Entirely On Water Fintech, Eliminating Competition with Water Companies.
About this update from Originclear, Inc.
[{"type":"text","content":"Daniel M. Early will transition out, continues as technical advisorCLEARWATER, FL – May 8, 2025– Water On Demand Inc. (WODI), a fintech focused company turning water systems into tax-investable assets, announces its plan to focus entirely on developing and providing financing services for, instead of competing with, water equipment companies.OZ FundWODI recently announced the first water infrastructure project planning to tap Opportunity Zone (OZ) tax benefits. WODI intends for its new OZ Fund to raise up to $100 million. Story HERE.TransitionAs a first step in the new plan, Daniel M. Early, President and Chief Engineer of the Modular Water Systems (MWS) business unit of WODI, has agreed to sunset the MWS unit over the coming 60 days, wrapping up all current projects and staying on as technical advisor to WODI.“WODI’s mission of financing water/wastewater systems as a service is where the market is trending,” said Dan Early. “I look forward to working with WODI as a financial partner on my own future endeavors and projects.”In return for elimination of all accrued royalties, the parties mutually agreed to the termination of WODI’s license to Mr. Early’s intellectual property. WODI also agreed to name Mr. Early a consultant, with the role of Technical Advisor to WODI. Not a Competitor“The water equipment business is historically very low-margin, with most such companies netting about 16% in net profits,” said Riggs Eckelberry, OriginClear CEO. “ Meanwhile, the water-as-a-service business model is extremely profitable. Focusing only on that business will make us a resource for water companies and not a competitor.”Tax Benefits“Until recently, our ‘Water Like An Oil Well’ initiative lacked the tax benefits that other industries like oil and gas enjoy,” said Ken Berenger, EVP and co-chairman of Water On Demand. “That’s now changed with the new water Opportunity Zone fund, which will be designed to provide favorable tax benefits.”“When you think of it,” added Berenger, “we could take years to build a few more water companies… when there are already thousands out there. Or, we could help them address the looming trillion-dollar funding deficit with innovative financing for their clients; that happens to be very profitable for Water On Demand. I’ve spoken to our shareholders and there is a great deal of excitement!”Water On D...