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OriginClear’s Texas Unit Doubles Its Revenues In First Half of 2018

Gross profit for Progressive Water Treatment division quadruples.

Los Angeles, CA – August 30, 2018 – OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, reported today that revenue at the half-year mark doubled year over year for its Dallas-based subsidiary, Progressive Water Treatment (PWT), while the division’s gross profits quadrupled, helping the company in its drive toward overall profitability.

Further expanding on its quarterly report, the company reported that PWT’s revenue as of June 30, 2018 increased by 110% to $2,445,646 compared to $1,162,155 for the six months ended June 30, 2017. And the unit’s gross profit increased by 417% to $437,074 compared to $84,560 for the same period.

“I am very happy with the standout performance by Marc Stevens and his team in McKinney, Texas”, said Riggs Eckelberry, CEO of OriginClear.

“When we set up Dan Early with his book of business, we were able to rely on PWT’s existing high quality fabrication capabilities,” said Bill Charneski, President of the OriginClear Group. “We intend to continue to build the synergy between these organizations.”

Overall, OriginClear’s operating losses for the same period narrowed by 31% from $2,646,019 to $1,816,886.

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.

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