OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed way to clean up very large quantities of water, today announced that its Hong Kong subsidiary, OriginOil (HK), has partnered with Beijing Puresino Science & Technology, to promote the application of EWS in water treatment for the chemical industry as well as urban wastewater and soil remediation.
“We believe there is an enormous opportunity for EWS in China’s vast water management market. We are extremely excited by this opportunity to put our technology to work with one of China’s leading solutions providers,” said OriginOil Director and Chief Commercial Officer, Jean-Louis “JL” Kindler. “We believe that our cooperation with this group will be a major step for our development plans in Asia.”
Beijing Puresino Science & Technology is a member of the Poten Environment Group, an integrated water solutions & services provider with 20 years’ experience in the industry and more than 30 branches throughout China. Puresino boasts a large production facility near Beijing and a deep patent portfolio. The company also distributes a number of outside technologies to the Chinese market.
“We have submitted to OriginOil a series of projects that we are currently engaged in and we were very satisfied with their proposed solutions,“ said Zujian Wang, VP Poten Capital (Beijing) Investments. “We strongly believe that OriginOil’s technology will make a significant difference in the field and will provide our group with a major competitive advantage in addressing the environmental issues that our country is currently facing.”
OriginOil and Beijing Puresino will start collaboration immediately by studying projects in Puresino’s portfolio.
“China’s budget for water cleanup this year alone is 330 billion dollars,” said Nicholas Eckelberry, OriginOil co-founder and Chief Research Officer. “On my visits I was impressed with the urgency and dedication of our potential partners. This country is committed to handling its environmental problems and we hope to make an impact with our innovative EWS technology.”
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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.
Abstract:
OriginOil Hong Kong signs first strategic agreement with Puresino Science & Technology; Beijing-based partner is equipment arm of major wastewater solutions company Poten Enviro
Key Words:
originoil, OriginOil Hong Kong, Beijing Puresino Science & Technology, Poten Environment group, originoil inc, ooil, China water management, Electro Water Separation, OriginClear, EWS, origin oil, waste water, flow back produced water, JL Kindler, Zujian Wang, Nicholas Eckelberry
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