- OriginClear sees opportunity in global water-services market focusing on its closed-loop wastewater systems
- CEO Riggs Eckelberry discusses opportunities in the Middle East, Europe, India and domestic markets, calling company a “stunning opportunity” for large investors
- Riggs cites OriginClear’s success in Bakersfield, California, through licensee ECT Services & Solutions
OriginClear Inc. (OTC: OCLN) CEO Riggs Eckelberry described his company’s expectations for an “amazing year” in 2020 in a recent teleconference. Additionally, Eckelberry told MoneyTV host Donald Baillargeon that the company presents a “stunning opportunity” for large investors (http://ibn.fm/7XpbG). “We’re locking down on what I think is going to be an amazing year next year,” Eckelberry said in the interview. The company has been leading the global water movement, making significant strides in empowering partners around the world in their search for water independence.
During the teleconference, Eckelberry updated listeners on OriginClear’s progress worldwide regarding installations and opportunities with partners and licensees. The CEO specifically mentioned OriginClear’s Modular Water Systems™, Progressive Water Treatment, and proprietary Electro Water Separation™ products. Eckelberry also discussed his recent television interview and provided an update on the company’s global initiatives, focusing on OriginClear’s agreement to enter a joint venture to develop a demonstration unit in the Permian Basin in the Middle East.
OriginClear licenses its technology worldwide and is building a network of customer-facing water brands to expand its global market presence. The company is also working to identify next-generation water-recycling systems, such as its Instant-Infrastructure™ concept. The company’s mission is to help return water to its original and clear condition, focusing on closed-loop systems, which operate independently without the need for manual input. This empowers independent partners to take control of their own water management without the need for technical operating expertise. Additionally, OriginClear can improve the environmental, social and governance (ESG) ratings of clients through improved water management – a critically sought-after designation in today’s business world.
Eckelberry referred to OriginClear’s progress worldwide and its interest in licensee companies such as Aqua D&P in Romania and Depuporc in Spain, as well as Permionics, its partner in India. He also reviewed the company’s success in Bakersfield, California (http://ibn.fm/55WnN), and discussed opportunities in Houston, Texas.
In addressing the growth of OriginClear, Eckelberry discussed possible acquisitions in the future. “We are continuing to make progress on the acquisition line,” he said. “More people are showing up or want to do it. We can create an offering for the specific purpose of funding these acquisitions, and that, of course, is asset based.”
In its 10-Q SEC filing, OriginClear also specified its acquisition opportunities. “OriginClear is seeking to acquire companies to help industrial water users treat their water themselves, and often reuse it. We believe that assembling a group of water-treatment companies is an opportunity for significant growth and increased company value for the shareholders,” the filing noted.
OriginClear deploys advanced technologies as a leader in the self-reliant water revolution. The company offers point-of-use modular and prefabricated systems that create durable assets and water independence. OriginClear leads a megatrend of businesses that are treating their own water with on-premise systems enabling high purification and recycling levels.
For more information, visit the company’s website at www.OriginClear.com
NOTE TO INVESTORS: The latest news and updates relating to OCLN are available in the company’s newsroom at http://ibn.fm/OCLN
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