Originclear - OCLN STOCK NEWS

OriginClear Inc. (OTC Pink: OCLN) has announced the spin-off of its Water On Demand™ business, a fintech venture dedicated to financing private water utility programs. This initiative addresses the needs of underserved businesses reliant on municipal water systems. The spin-off allows investors to potentially earn royalties from these projects, with early investors receiving equity grants and dilution-protected shares. CEO Riggs Eckelberry emphasized the importance of clean water as a vital asset amid dollar inflation, anticipating the potential for significant investments in the sector.

OriginClear Inc. (OCLN) announced its 2021 financial results, reporting unchanged revenue of $4,143,744 from 2020. Sales grew over 40%, with booked orders surpassing $12 million. Quarterly sales jumped more than 200%, reaching $2,340,143 in Q4 2021. However, gross profit decreased by 7% to $569,684, and the net loss for 2021 was $(2,117,781), significantly down from a net income of $13,261,365 in 2020. The loss from operations increased by 25.85% to $(5,929,452).

OriginClear Inc. (OTC Pink: OCLN) announced a strategic partnership with Envirogen Technologies to enhance its Water On Demand™ service, which offers fully-outsourced water treatment solutions. This collaboration aims to leverage Envirogen's operational expertise to scale investor-financed projects. Additionally, OriginClear reported reaching a $1 million milestone in dedicated capital as part of a potential $300 million private placement. The partnership seeks to address America's deteriorating water infrastructure and create a evolving market for water investments.

OriginClear Inc. (OTC Pink: OCLN) announced a significant milestone, achieving $1 million in dedicated capital as part of its Water On Demand™ program. This initiative allows commercial clients to manage water treatment without substantial upfront costs. Furthermore, the company plans to allocate a portion of a $300 million private placement toward this program, offering investors 25% royalties on net profits secured by equipment interests. OriginClear aims to partner with regional water service firms to expand its services in response to increasing demand for private water treatment solutions.

OriginClear Inc (OTC Pink: OCLN) announced the appointment of Andrea d’Agostini as President and Chief Strategic Officer. His focus will be on expanding the $300 million Water On Demand™ program and enhancing the company’s visibility while preparing for a potential NASDAQ listing. d’Agostini has a proven track record in renewable energy with experience in elevating companies to multinational status. Additionally, Ken Berenger is promoted to Executive Vice President, recognizing his contributions to Water On Demand.

OriginClear reported a 20% revenue increase in Q3 2021, reaching $1,120,687 compared to $931,422 in Q2. Gross profits surged by 87% to $330,351, reflecting improved operational efficiency despite a narrowed operating loss of $(1,323,074).

Compared to Q3 2020, revenues rose 22%, while gross profits recovered from a loss to a positive figure. The company is optimistic about future growth, especially with the launch of its Water On Demand program.

OriginClear Inc. (OTC Pink: OCLN) reported the receipt of its first six-figure investment in their Water On Demand program aimed at making water treatment accessible through a pay-per-gallon model. This innovative system allows commercial users to avoid substantial capital expenses associated with water systems. The program includes Design-Build-Own-Operate contracts, introducing a new revenue generation model for water treatment. The demand for such solutions has increased due to deteriorating national water infrastructure, requiring an estimated $271 billion to maintain.

OriginClear Inc. (OTC Pink: OCLN) is set to present at the 14th annual Virtual LD Micro Main Event on October 14, 2021, at 10:00 AM EDT. The presentation, led by VP of Business Development Ken Berenger, will highlight the company's innovative technologies aimed at transforming the water industry. OriginClear specializes in outsourced pay-per-gallon water treatment solutions. The event can be attended virtually or in-person in Los Angeles, CA. This presentation provides an opportunity to engage with the company's mission and advancements in water technology.

OriginClear Inc. (OTC Pink: OCLN) has deployed its first Pondster™ brand modular lagoon treatment system at a mobile home park in Troy, Alabama. The innovative system uses a biofilm treatment process, showing significant water quality improvement in just eight days. The company aims to expand its offerings to similar facilities and highlights the necessity for such solutions due to increasing regulations and high connection expenses to municipal systems, which can exceed $750,000.