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Originclear - OCLN STOCK NEWS

Welcome to our dedicated page for Originclear news (Ticker: OCLN), a resource for investors and traders seeking the latest updates and insights on Originclear stock.

OriginClear (OCLN) delivers innovative water treatment solutions through advanced purification systems and a global licensing model. This news hub provides investors and stakeholders with timely updates on the company’s progress in sustainable water management.

Access official press releases, technology announcements, and partnership developments in one centralized location. Track updates on earnings reports, regulatory milestones, and advancements in OCLN’s blockchain-enabled WaterChain initiative.

Discover critical updates across key areas: technology innovations in pollutant removal, strategic licensing agreements with global partners, and sustainability initiatives addressing water scarcity challenges. Bookmark this page to stay informed about OriginClear’s role in transforming water treatment through energy-efficient solutions.

News

OriginClear and ‘Shark Tank’ Star Kevin Harrington to Tackle America’s Water Crisis with Novel Crowdfunding Solution

Rhea-AI Summary
OriginClear, Inc. announces Kevin Harrington, a 'Shark Tank' star, joins board of advisors to enhance wastewater treatment strategies for businesses, potentially alleviating urban stress and boosting recycling rates.
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OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Seek to Combine under Form S-4 Registration Statement

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OriginClear, Inc. (OCLN) and Fortune Rise Acquisition Corporation (FRLA) announce a proposed business combination with OCLN subsidiary Water On Demand, offering decentralized water management solutions without upfront capital expenditures.
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OriginClear’s Water On Demand In Strategic Partnership with the Intent to Acquire Manufacturer for its Proprietary Modular Products

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OriginClear Inc. (OCLN) and Plastic Welding and Fabrication, Ltd. (PWF) have announced a strategic partnership for the acquisition of PWF by OriginClear's subsidiary, Water On Demand, Inc. This acquisition aims to bring manufacturing in-house for the Modular Water Systems division, enhancing efficiency and speed of production. The agreement is expected to establish the first in-house manufacturing facility for WODI's Modular Water Systems division.
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OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Announce Business Combination to Create Nasdaq-Listed Company

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Fortune Rise Acquisition Corporation and OriginClear Inc. have entered into a definitive business combination agreement. The transaction represents a pro forma equity valuation of approximately $72 million of the Combined Company. The proceeds will be used to develop the Water On Demand water-as-a-service network, grow the Modular Water and Progressive Water business units, and carry out an aggressive acquisition program.
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In Amended Letter Of Intent, OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Nominate A New Target For Merger

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Fortune Rise Acquisition Corporation and OriginClear Inc. have agreed to nominate Progressive Water Treatment Inc. as the new target for acquisition. Progressive Water Treatment has shown increased revenue since 2021, creating compelling value for the intended merger. The parties will work towards definitive agreements, with FRLA proposing to acquire 100% of PWT's outstanding equity securities. The newly-combined entity anticipates trading publicly on Nasdaq under a new trading symbol.
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OriginClear Merges Its Water On Demand and Progressive Water Treatment Subsidiaries

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OriginClear Inc. consolidates subsidiaries to create better enterprise value for potential merger with Fortune Rise Acquisition Corporation. Combined revenues for 2022 were $10,376,573, a 250% increase from 2021. Gross profits also saw a similar increase. OriginClear retains a commanding percentage of the new combined company.
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In the First Quarter, OriginClear Continued Its Substantial Revenue Growth

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OriginClear’s Subsidiary Water On Demand Signs MOU Regarding Acquisition of Established SaaS Developer

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OriginClear Inc.'s subsidiary, Water On Demand, has entered into a memorandum of understanding to acquire an established SaaS Developer. The acquisition will help build an end-to-end water service network, allowing businesses to outsource their wastewater treatment and water transportation needs. Talks are in an early stage and may not succeed.
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OriginClear Presents Acquisition Roadmap for Water On Demand

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OriginClear’s Revenue Increased 250% in 2022

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OriginClear Inc (OTC Pink: OCLN) reported a remarkable 250% increase in revenue for 2022, rising from $4,143,744 to $10,376,573. This growth is unprecedented for an equipment business, as stated by COO Tom Marchesello. The company's gross profit also saw a substantial increase of 262%, reaching $1,495,297.

However, operational losses rose to $(6,582,722) from $(6,045,452), indicating ongoing challenges. The net loss increased significantly to $(10,790,721), largely due to changes in other income and expenses. Overall, while revenue growth is promising, the rising operational and net losses present concerns for potential investors.

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Originclear

OTC:OCLN

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OCLN Stock Data

3.43M
15.56B
18.28%
Waste Management
Industrials
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United States
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