Water Like An Oil Well™ can generate long-term royalties from private water treatment
Clearwater, FL – March 23, 2022 – OriginClear Inc. (OTC Pink: OCLN), which helps the world invest in clean water, announced today that its pioneering Water On Demand™ program has reached its first $1 million milestone in dedicated capital. The Company is evaluating the first pilot opportunity to enable a commercial customer to treat its dirty water by the gallon as a managed service, instead of the client having to come up with significant up-front capital.
Like an Oil Well
This milestone is the first capital set aside from a private placement of up to $300 million, at least half of which is to be allocated to Water On Demand subsidiaries for investment in productive water systems, returning 25% royalties, calculated as net profits on their total investments. Investor royalty payments are secured by an interest in the underlying equipment as evidenced by a security agreement. The full terms are available at this page.
“For decades, everyday investors have earned generational royalties from oil and gas partnerships,” said Riggs Eckelberry, OriginClear CEO. “Now, investors can do the same with water, a far more essential commodity.”
“Delivering water systems as a managed service is not new”, continued Eckelberry. “What’s new is the idea of enabling accredited investors to directly invest in clean water.”
To expand rapidly, OriginClear plans to work with regional water service companies to build and operate the water treatment systems it finances.
Types of Customers
The Company is currently evaluating opportunities to fund private water treatment sites using Water On Demand capital. One potential client has a 50,000 gallon per day waste water treatment requirement. While no project is guaranteed, it represents an ideal pilot opportunity.
OriginClear has identified types of customers who could most benefit from a service-based offering. These include Mobile Home Parks or MHPs; campgrounds & RV parks; new real estate developments that are being built beyond city sewage systems; small to midsize commercial operators of food & beverage manufacturing such as breweries; food processing; flavor and fragrance manufacturing; smaller labs & compounding facilities; and agriculture specialty industries such as egg protein producers, supplements, spices, and CBD oil production.
A New Model
“Due to the growing ability to work remotely, families are moving from cities to rural and semi-rural locations,” said Tom Marchesello, OriginClear COO. “This is driving housing developments in locations that are beyond the reach of sewage. That means contracting for private water treatment. Providing these services on a ‘pay for use’ model is much more affordable for a property owner or homeowner’s association.”
“There are many cases where onsite water treatment is preferable, and capital is lacking,” continued Marchesello. “We see an investing opportunity that over time, could become a principal way for businesses to deal with water treatment problems that are just not their core business.”
In recent years, the Federal government has contributed progressively less money (see graph) to municipalities, leading to underfunded infrastructure and the need for industry and agriculture to do more water treatment on their own.
Prime Time Media
In December 2021, OriginClear’s “Water On Demand” received prime time news attention when CEO Eckelberry was interviewed on Newsmax TV’s Wake Up America Sunday morning show. The interview is available here: https://youtu.be/WVzQohS21KA
About OriginClear Inc.
OriginClear leads the self-reliant water revolution, democratizing water investment by developing a marketplace to connect investors with water projects; and commercializing modular, prefabricated, filter-free advanced systems for faster sanitation worldwide. With America’s broken infrastructure and 100 billion dollars of government spending to fix the nation’s 150,000-plus water systems, OriginClear is helping them “cut the cord”, by developing outsourced pay-per-gallon programs and a future digital currency to streamline payments.
Our line of Modular Water products and systems is key to the self-reliant water treatment revolution as they create “instant infrastructure” – fully engineered, prefabricated and prepackaged systems that use durable, sophisticated materials.
For more information, visit the company’s website: www.OriginClear.com
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OriginClear Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements. 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.
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 our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization, and if or when the Company will receive and/or fulfill its obligations under any purchaser orders. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable laws.
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