OriginClear’s Progressive Water Treatment Nearly Triples Monthly Bookings in January

One large win beat out five major equipment manufacturers

Los Angeles, CA – February 12, 2019 – OriginClear Inc. (OTC: OCLN), a leading provider of water treatment solutions, reported today that in January, its Progressive Water Treatment Inc. (PWT) (www.progressivewater.com) subsidiary nearly tripled its rate of bookings, totaling about $900,000 in Purchase Orders (POs) for the month. The largest win was for a power plant, in competition against five major equipment manufacturers.The power plant purchase order is staged in 5 payments, the last being on July 3. The remaining POs have Net 30 terms. None of the January POs has a cancellation option.

“I am ecstatic as well as the rest of the OriginClear team with the early results from Marc Stevens, Mike Jenkins and the entire PWT team,” said Riggs Eckelberry, CEO of OriginClear. “They won that large contract against fierce competition because of diversity, attention to detail, and a successful track record. This increase in bookings is a great start for the new year!” 

The power plant opportunity came through a manufacturer’s rep recommendation. As reported recently, OriginClear has seen significant growth from its developing sales network.

Safe Harbor Statement:

Matters discussed in this release contain forward-looking statements. When used in this update, 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. 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 by applicable law.

Return to Announcements»

Announcements

X Now Invest Directly in OriginClear Click here