OriginClear Engages Baja Technologies for Development and Launch of ClearAqua Cryptocurrency to Unite the World in Making Clean Water Accessible to All

Rhea-AI Summary

OriginClear Inc. (OTC Pink: OCLN) announced the engagement of Baja Technologies Inc. for the development and launch of its new cryptocurrency, ClearAqua™. The initial step involves creating a white paper, expected in early October. CEO Riggs Eckelberry highlighted the decentralized approach to water treatment, which aims to empower communities worldwide to address water issues. The ClearAqua token will incentivize community members and streamline funding for water projects. ClearAqua.org will manage these initiatives, enabling various stakeholders to participate in solving water challenges.

Positive

• Engaged Baja Technologies Inc. to develop ClearAqua cryptocurrency.
• Decentralization of water treatment could attract global investment and participation.
• ClearAqua token incentivizes community involvement in addressing water issues.

Negative

• None.

CLEARWATER, Fla.--(BUSINESS WIRE)-- OriginClear Inc. (OTC Pink: OCLN), Total Outsourced Water™, has announced today it has engaged San Diego-based Baja Technologies Inc. to develop and help launch its new cryptocurrency, ClearAqua™. The first step in the process is the white paper, expected in early October.

Riggs Eckelberry, OriginClear CEO, explaining the ClearAqua concept in a recent video. Watch the presentation here: https://youtu.be/lK6H1xNz5Tk (Photo by OriginClear)

Riggs Eckelberry, OriginClear CEO, explained the concept in a recent video: https://youtu.be/lK6H1xNz5Tk

To stay informed about ClearAqua development, please register for OriginClear’s Weekly CEO Briefing, every Thursday at 5pm Pacific, 8pm Eastern, by clicking on www.oc.gold/ceo.

“Cryptocurrency has no boundaries”, said Riggs Eckelberry, OriginClear CEO.” A grandmother in Korea can contribute to cleaning up a mobile home park’s sewage problem in Alabama. It allows for anyone around the world to get involved and spreads the burden of changing the trillion-dollar water industry in a meaningful and impactful way. By aggregating resources, knowledge, and investment dollars, we believe we will be able to help dramatically improve the state of water by helping businesses cut the cord and take control over their own water treatment.”

Riggs Eckelberry added, “As Lux Research pointed out in 2016, decades of neglected maintenance have made our central water systems unable to respond to the growing pressures of population growth and business expansion. The solution is to act locally with on-site water treatment. We believe this decentralization can take the load off our more than 150,000 municipal water systems and help businesses save money and recycle water more. By sponsoring ClearAqua, we can also empower everyday people and communities to help solve these water problems in the USA and worldwide.”

ClearAqua is envisioned as a utility token, or coin, that is intended to reward holders for alerting the community to water situations, and for elected delegates to make proposals to address these situations. ClearAqua.org, a planned subsidiary of OriginClear, would manage these proposals and put them out to bid. Funding for the water projects could come from a variety of sources, including OriginClear’s Water On Demand™ subsidiaries. Payments for these projects could be streamlined with a future planned security token, named $H2O™.

As envisioned, participants would be compensated with a tax on transactions. Any non-profit or commercial organization involved in water could also connect with ClearAqua through partnership, and thus extend the community without boundaries.

Baja Technologies is currently developing the ClearAqua White Paper, to establish all projects goals and outlook, technical information, algorithms, formulas, functionalities, rules, mechanisms, and transactional data.

About OriginClear, Inc. OTC Pink: OCLN

America’s infrastructure is broken. And our government is spending nearly 100 billion dollars to fix the nation’s 150,000-plus water systems; but runaway inflation is defeating that effort. So, local businesses are taking the initiative to clean and recycle their own water. We’re helping them “cut the cord”, by developing outsourced pay-per-gallon programs and a future digital currency to streamline payments. To learn more about OriginClear®, please visit our website at www.originclear.com.

For more information, visit the company’s website: www.OriginClear.com

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OriginClear Safe Harbor Statement:

Matters discussed in this release contain forward-looking statements. When used in this release, 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 except as may be required under applicable laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005451/en/

Media Contact

The Pontes Group

Lais Pontes Greene (954) 960-6083

lais@thepontesgroup.com

www.thepontesgroup.com

Investor Relations:

Devin Angus

Toll-free: 877-999-OOIL (6645) Ext. 3

International: +1-323-939-6645 Ext. 3

Fax: 323-315-2301

ir@OriginClear.com

www.OriginClear.com

Source: OriginClear Inc.

FAQ

What is the purpose of OriginClear's new cryptocurrency, ClearAqua™?

ClearAqua™ aims to decentralize water treatment, allowing global community involvement in addressing water issues.

When is the ClearAqua white paper expected to be released?

The ClearAqua white paper is expected to be released in early October.

Which company is developing the ClearAqua cryptocurrency for OriginClear?

Baja Technologies Inc. is developing the ClearAqua cryptocurrency for OriginClear.

How does ClearAqua plan to fund water projects?

ClearAqua plans to fund projects through a utility token, community contributions, and potential partnerships.

What role does the ClearAqua token play in the community?

The ClearAqua token rewards community members for reporting water situations and allows elected delegates to propose solutions.