OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today announced its recognition of a major shift toward decentralization in water treatment. OriginClear believes that more industrial water users are treating their dirty water on-site, creating growth opportunities for local water service companies. OriginClear acquired Dallas, Texas-based Progressive Water Treatment last year and has announced its intention to continue to aggressively acquire such companies.
“We’ve been in talks with companies in the water sector that are reporting fast growth,” said Bill Charneski, President of the OriginClear Group. “It’s an indication of a potential major change in the existing growth rate of revenues in the water industry at large, reportedly between 2 and 20% per year, depending on the subsector.”
To discuss this trend, industry research firm Lux Research has scheduled a webinar on “The Future of Decentralized Water” today at 11 a.m. Eastern Standard Time. For details and registration, click here.
Lux Research stated: “New technologies…can decentralize water and wastewater infrastructure while improving water reuse by treating to a high standard at a small scale close to the source of generation. Additionally, new automated analytics offer solutions for these more complex decentralized solutions.”
“You could say that ‘water is the new solar’,” said Riggs Eckelberry, OriginClear CEO. “There's one important difference: while a solar panel requires very little service in its lifetime, water is extremely service-intensive, and each user has unique challenges dealing with their own water process. Therefore, we see a very large opportunity for local water service companies.”
Eckelberry concluded, “It is not unreasonable to believe that a fast-growing company could be created from aggregating water treatment companies that are small today, but potentially growing far in excess of industry growth rates to date. It is our intention to be that company.”
Recently, the Industrial Water Technology Markets report published by Global Water intelligence (GWI) stated that “Industrial water is the fastest growing sector of the global water market, according to the Food and Agriculture Organization. The market for industrial water treatment technologies is set to expand by more than 50% over the next five years, from an estimated $7 billion in 2015 to more than $11 billion in 2020.” (PRWeb)
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About OriginClear, Inc.
OriginClear serves the rapidly growing $500 billion world market as a leading provider of water treatment solutions and the developer of a breakthrough water cleanup technology. 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 Advanced Oxidation, 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 statements looking
forward. Actual results, performance or achievements could differ
materially from those contemplated, expressed or implied by the
statements that look forward contained herein. These statements that
look forward 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.
Abstract:
OriginClear recognizes major shift toward
decentralization in water treatment; water viewed as the “New Solar”
with added services and maintenance, benefiting local service companies.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160628005599/en/