Despite Record Rainfall, California’s Drought Is Far From Over
OriginClear’s CEO stresses importance of water reuse and conservation
Los Angeles – February 28, 2017 – OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today acknowledged the importance of focusing California’s efforts on water conservation and reuse despite recent the recent heavy rains.
“California and other parts of America are experiencing record levels of rainfall this year,” said Riggs Eckelberry, OriginClear CEO. “But water waste is still a problem. For example, in California alone, nearly 60% of freshwater allocated to farming is lost to evaporation and runoff. And in Los Angeles, 80% of the rain goes into the ocean.”
“The amazing rains of this season have given us a golden opportunity — to waste less water, clean it up for reuse, and be smarter about how we use it,” continued Eckelberry. “OriginClear is here to help – with a breakthrough water treatment technology and a strong network of water treatment companies, including Progressive Water Treatment.”
Last summer, OriginClear successfully completed a 60-day test of its technology in California’s Kern County, to help thoroughly clean produced water from oil and gas operations for reuse in agriculture.
In a sign of increasing adoption by the oil and gas industry, this year’s Hart Energy’s latest DUG (Developing Unconventional Gas) conference will feature a water forum, which will “deliver insights on best practices and new technologies used in the sourcing, treatment, transport and disposal of water in drilling and completion of shale wells.”
Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" 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, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. 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: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Return to Announcements»