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.
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.
OriginClear Inc (OCLN) has secured a $1.8 million purchase order from a major U.S. power utility under a Master Services Agreement with its subsidiary, Progressive Water Treatment (PWT). The total expected revenue under the MSA is $5 million, dependent on future orders. This contract marks a significant return to large power plant contracts for PWT, which previously held notable projects with the utility. Additionally, OriginClear’s Modular Water Systems division recorded nearly $900,000 in orders in June, indicating strong demand.
OriginClear Inc (OTC Pink: OCLN) has appointed Prasad Tare as its new Chief Financial Officer. With over 15 years of experience in public accounting and financial reporting, Tare is expected to enhance the company’s risk management and audit activities. CEO Riggs Eckelberry highlighted Tare's expertise in improving focus on critical areas within the organization. Tare expressed enthusiasm about contributing to the company’s mission of enhancing water safety and developing innovative financing solutions. The company is based in Clearwater, Florida.
OriginClear Inc (OCLN) has appointed Ricardo Fabiani Garcia, a seasoned technologist and investor, to its Board of Advisors. Garcia will assist in the development of the company's $H2O cryptocurrency project aimed at enhancing payment systems for outsourced water services. He brings extensive experience in managing complex technological programs and will guide the management in resource allocation and roadmap setup. Previously, the company filed a patent for a blockchain payment incentive system for water treatment services, marking a strategic move towards digital finance in the water sector.
OriginClear Inc (OTC Pink: OCLN) announced its CEO's participation in the LD Micro Invitational XI virtual investor conference from June 8-10, 2021. The presentation will focus on the development of Water On Demand total outsourcing and a prospective water coin, $H2O. The company recently filed a patent application leveraging blockchain and NFT technology for efficient payment distribution for outsourced water services. The LD Micro event aims to showcase 180 companies, highlighting the best performers and newcomers in the small-cap sector.
OriginClear Inc (OTC Pink: OCLN) has filed a trademark application for the mark $H2O, aimed at representing its planned blockchain payment system for water services. CEO Riggs Eckelberry stated that this initiative will streamline payments and reduce errors. The company also filed a patent for using blockchain and NFTs in payment distribution for outsourced water treatment. While the current Water On Demand system operates using standard financial channels, OriginClear is exploring blockchain solutions to enhance user experience and benefits for investors and partners.
OriginClear Inc (OTC Pink: OCLN) reported a 14% revenue increase, totaling $4.1 million for the year ending December 31, 2020, compared to $3.6 million in 2019. Gross profit surged 65% to $611,775, up from $370,866. However, losses from operations also rose by 21%, reaching $4.7 million, up from $3.9 million in the prior year. CEO Riggs Eckelberry commended the team for achieving revenue growth despite COVID-related challenges. The company focuses on innovative water solutions, aiming to address issues in the water systems sector.
OriginClear Inc (OTC Pink: OCLN) announced the filing of a patent application titled “System And Method For Water Treatment Incentive”. This innovation leverages blockchain technology and NFTs to streamline payment distribution for outsourced water treatment services, billed on a pay-per-gallon basis, amid rising inflation. CEO Riggs Eckelberry emphasized the cumbersome nature of current payment processes and the potential of this technology to create a more efficient marketplace. The move aligns with increasing outsourcing trends in water management due to economic pressures.
OriginClear Inc. (OTC Pink: OCLN) has launched a wholly-owned subsidiary, Water On Demand #1, Inc., to provide businesses a pay-per-gallon model for water treatment services. With federal funding for water treatment systems declining to 9%, companies are seeking outsourced solutions. The average quote for Modular Water Systems is $232,246, highlighting the attractiveness of minimizing capital expenses. By adopting a Design-Build-Own-Operate model, businesses can avoid managing water treatment, potentially increasing revenue streams for OriginClear.
OriginClear Tech, a division of OriginClear, Inc. (OTC Pink: OCLN), has offered its expertise at no charge to the owners of Tampa Bay's Piney Point phosphate plant to assist in addressing the toxic wastewater leak. The company claims that the remediation costs proposed by others are excessively high, asserting it can provide a more cost-effective solution. Following a breach on March 26, 2021, approximately 173 million gallons of untreated wastewater have entered the bay. OriginClear emphasizes the urgency of the situation, with COO Tom Marchesello highlighting their commitment to help.
