President-elect’s commitment to clean water supports current investment trends
Los Angeles, CA – December 1, 2016 – OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today commented on consistent statements made by President-elect Trump that his administration will focus on clean water. These statements support existing trends to decentralize water treatment, improve recycling and develop water infrastructure.
“Candidate Trump took a strong position on clean water, especially after he visited Flint, Michigan in September,” said Riggs Eckelberry, OriginClear CEO. “It is now a major policy position of the incoming administration, whose support for a major infrastructure initiative specifically targets our crumbling water systems.”
On Facebook, President-elect Trump stated: “Everyone deserves clean air and safe drinking water regardless of race or income. Water infrastructure will be a big priority.”
On Trump’s website, the infrastructure section supports long-term investments in clean water. The policy states: “Make clean water a high priority. Develop a long-term water infrastructure plan with city, state and federal leaders to upgrade aging water systems. Triple funding for state revolving loan fund programs to help states and local governments upgrade critical drinking water and wastewater infrastructure.”
While Eckelberry cautioned that there cannot be any assurance that any initiatives of the incoming administration will lead to increased revenue for OriginClear, he noted that water investments are already increasing ahead of any actions the Trump administration may take.
As an indication of the general trend, water infrastructure company Forterra (NASDAQ: FRTA) recently reported a strong third quarter and filed a registration statement with the Securities and Exchange Commission for a public offering.
And a recent EPA survey found that $271 billion is needed to maintain and improve the nation's wastewater infrastructure, including the pipes that carry wastewater to treatment plants, the technology that treats the water, and methods for managing stormwater runoff.