OriginClear’s Modular Water Systems Books Record Month

Rhea-AI Summary

OriginClear Inc (OTC Pink: OCLN) reported approximately $1.5 Million in purchase orders for May 2022, significantly higher than the $1,774,880 received for all of 2021. The orders include diverse projects such as waste management for a power plant and wastewater lift stations. The company plans to further develop its Modular Water Systems division, launching it as a separate entity with substantial ownership. President Daniel Early emphasized rising demand for modular systems to alleviate municipal sewage connections.

Positive

• May 2022 purchase orders totaled approximately $1.5 Million, a strong showing compared to total 2021 orders of $1,774,880.
• Plans to establish Modular Water Systems as a standalone entity could enhance shareholder value.
• Rising demand for modular water systems indicates potential growth opportunities.

Negative

• None.

May purchase orders reached approximately $1.5 Million

CLEARWATER, Fla.--(BUSINESS WIRE)--

OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that its Modular Water Systems™ (MWS) business division received purchase orders for approximately $1.5 Million in May of 2022. This compares to $1,774,880 in purchase orders for the entire year 2021.

OriginClear Chief Engineer, Dan Early, inspecting newly fabricated EveraMOD™ lift station components at the fabrication facility. Prepackaged EveraMOD lift stations arrive on site fully assembled for easy installation and are built with superior technology, next-generation materials. Due to their durability, capability and affordability, EveraMOD lift stations are experiencing widespread adoption among consulting and specifying engineers nationwide and both demand and orders are rapidly rising. Original inventor, Daniel Early PE, is a highly respected water industry veteran who holds multiple patents for innovations that drive Modular Water Systems™ products such as EveraMOD. (Photo: OriginClear)

“Our May purchase orders included a mix of waste management for a power plant, off-grid sewage management for a summer camp, and wastewater lift stations for both a lakeside development and a highway travel stop,” said Daniel M. Early P.E., OriginClear Chief Engineer and President of the MWS division. “In addition to our normal industrial business, we are seeing rising demand for modular water systems to reduce the need for municipal sewage connections.”

MWS owns a master license for Mr. Early’s five international patents for prefabricated, highly-durable modular water treatment and pumping products. This proprietary technology frequently qualifies as “Basis of Design” for projects, which means that competitors cannot easily undercut MWS.

Modular Water Systems, which has been integrated with OriginClear’s Dallas, Texas-based Progressive Water Treatment, is becoming its own business unit. Its growing EveraMOD™ wastewater lift station product line was featured in a recent video at a manufacturing site.

In its role as the Clean Water Innovation Hub, OriginClear management plans to continue to build its various business divisions and, in time, launch them as separate entities and potential public companies themselves, in which OriginClear would retain a substantial stake.

“We believe that developing a series of profitable public company candidates could deliver far more shareholder value than trying to maintain multiple divisions in a single company,” said Riggs Eckelberry, OriginClear CEO. “We intend these startups to be highly focused ‘pure plays,’ while OriginClear assures all central services, such as Legal, HR, IT and marketing.”

The first such launch is OriginClear’s new Water On Demand™ (WOD) unit, which has achieved funding for its first commercial pilot program. Using long-term service contracts, WOD offers relief from capital expense (CapEx) for local businesses and housing communities, and intends to use local water companies to build and provide onsite support, for maximum scalability.

To standardize these nationwide water systems, the Company plans to license the MWS modular, prefabricated designs to these water companies and expects this to be a significant source of high-margin revenues for MWS.

About OriginClear Inc.

OriginClear leads the self-reliant water revolution, democratizing water investment by developing a marketplace to connect investors with water projects; and commercializing modular, prefabricated, filter-free advanced systems for faster sanitation worldwide. With America’s broken infrastructure and 100 billion dollars of government spending to fix the nation’s 150,000-plus water systems, OriginClear is helping them “cut the cord”, by developing outsourced pay-per-gallon programs and a future digital currency to streamline payments. Our line of Modular Water products and systems is key to the self-reliant water treatment revolution as they create “instant infrastructure” – fully engineered, prefabricated and prepackaged systems that use durable, sophisticated materials.

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," “plans” 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, and if or when the Company will receive and/or fulfill its obligations under any purchaser orders. 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/20220616005379/en/

Media Contact

The Pontes Group

Lais Pontes Greene (954) 960-6083

lais@thepontesgroup.com

www.thepontesgroup.com

Investor Relations and Press Contact:

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 were the purchase order figures for OriginClear Inc (OCLN) in May 2022?

OriginClear Inc reported approximately $1.5 Million in purchase orders for May 2022.

How do May 2022 purchase orders for OCLN compare to 2021?

The purchase orders for May 2022 significantly exceed the total of $1,774,880 for all of 2021.

What plans does OriginClear have for its Modular Water Systems division?

OriginClear plans to develop Modular Water Systems into a separate entity, potentially increasing shareholder value.

What types of projects contributed to the May 2022 purchase orders for OCLN?

The May 2022 purchase orders included waste management for a power plant and wastewater lift stations for various developments.