CLEARWATER, FL / December 16, 2024 –OriginClear, Inc. (OTC: Other:OCLN) (“OCLN”) has notified Fortune Rise Acquisition Corporation (“FRLA”) that its privately-held subsidiary, Water On Demand Inc. (“WODI”), is terminating the Business Combination Agreement dated October 23, 2023. The planned business combination was anticipated to have resulted in WODI becoming a publicly listed company. Termination of the Merger Agreement On December 12, 2024, the FRLA and WODI entered into a Mutual Termination Agreement, terminating the Business Combination Agreement, effective immediately, in accordance with the provisions of Section 7.1(a) thereof. Since the date the Business Combination Agreement was signed, the registration of the S-4 Registration Statement faced ongoing delays which resulted in continued costs and uncertainties. “We have determined that delays in the registration process could push the potential closing date of the business combination to March 2025 or later, which would result in significant additional costs and expenses, listing concerns and…
A customizable solution to future-proof wastewater infrastructure saving millions in capital costs Clearwater, FL – October 15, 2024 – Water On Demand, (WODI), a subsidiary of OriginClear, Inc. (OTC Other: OCLN), today announces that its Modular Water Systems™ (MWS) division delivered its highly-durable EveraMOD™ pump station package to a large-scale wastewater upgrade project in Pennsylvania. Capping a series of successfully completed EveraMOD pump station installations, the latest project demonstrates strong market traction and product fit. No Room For Error In Big Beaver Borough, Pennsylvania, a failing wastewater pump station was past its useful life. Previous efforts to replace it were met with multiple roadblocks including internal approvals, vendor coordination issues, and permitting problems. Additionally, a looming deadline tied to federal funding meant that the project had to be completed on time, with no room for error. Modular Water Systems met this challenge with a one-stop EveraMOD wastewater pump station package that…
Facility Will Allow for Increased Manufacturing Production, More Inventory, and New Hires Sherman, TX – September 10, 2024—Progressive Water Treatment (PWT), a division of Water on Demand Inc., announces today that it has opened a new 21,500-square-foot headquarters in Sherman, Texas. The facility features a light manufacturing facility for water treatment equipment, a warehouse to expand in-stock filtration & pump inventory, and provides more rapid delivery to its customers. The Grand Opening ceremony will be held on Tuesday, October 8, from 2 to 4 p.m. at 5225 W Houston, Sherman, TX 75092. The event will include a ribbon-cutting ceremony by the Mayor of Sherman, David Plyler. Riggs Eckelberry, Co-Founder and CEO of OriginClear, plans to join the Mayor of Sherman, PWT President Marc Stevens, and PWT President of Sales Mike Jenkins, for the ribbon-cutting. “Progressive Water Treatment has been growing its footprint in Texas for 25 years now, and we’re eager…
Parallel assembly of multiple sub-units is similar to Tesla’s UNBOXED method Clearwater, FL – August 27, 2024 – Water On Demand, (WODI), a subsidiary of OriginClear, Inc. (OTC Other: OCLN), announces that its Modular Water Systems™ (MWS) division has found market traction with its newly-launched EveraTREAT MINI product line, designed specifically for small wastewater treatment systems. Partners like Georgetown, Texas-based Enviromaintenance (www.enviromaintenance.com) agree. Hundreds of Installations “We needed something small, discreet and very quick to install, with the smallest possible service needs,” said Bryan Klepzig, Enviromaintenance CEO. “In this category, you need quick and simple, and the EveraTREAT MINI delivers! We look forward to facilitating several hundred such installations in the Greater Central Texas Region, from Waco to San Antonio.” In March, Enviromaintenance became an MWS regional partner (announcement). Standardized Process “This is a category that Big Water can’t even touch. Because we are nimble and our processes are standardized,…
Klir was selected to centralize workflows and data to meet environmental regulations, compliance, and quality requirements Clearwater, FL – April 9, 2024 – OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announced today the selection of Klir, Inc. (www.klir.com) to support its planned Water On Demand pilot program focusing on mobile home parks (MHP) in the Greater Central Texas Region.
Enviromaintenance services Mobile Home Parks in the Greater Central Texas Region with small-scale replacement systems requiring advanced treatment and tank technologies Clearwater, FL – March 26, 2024 – OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announced the signing of a Memorandum of Understanding (MOU) between Modular Water Systems (MWS) and Enviromaintenance of Georgetown, TX to collaborate on sales of standardized systems in the Greater Central Texas Region, from Waco to San Antonio.
CLEARWATER, FL and Metuchen, NJ – February 15, 2024 – OriginClear, Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, and Fortune Rise Acquisition Corporation (Nasdaq: FRLA), a Special Purpose Acquisition Company (SPAC), today announced the filing of a registration statement on Form S-4 with the SEC which includes a preliminary proxy statement and prospectus in connection with the proposed business combination with OCLN subsidiary Water On Demand (WODI), an investor-funded service offering decentralized water management solutions and technologies to businesses and communities, potentially without the burden of upfront capital expenditures. WODI is a subsidiary of OriginClear, Inc. (OTC Other: OCLN). The Registration Statement is available on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1849294/000109690624000209/frla_s4.htm.
Acquisition Would Bring Manufacturing In-House for Modular Water Systems Division Clearwater, FL and Buda, TX – January 10, 2024 – OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, and Buda, Texas-based Plastic Welding and Fabrication, Ltd. (PWF) jointly announced today a Memorandum of Understanding (MOU) for a strategic partnership between OriginClear’s subsidiary, Water On Demand, Inc. (“WODI”), and PWF.
Business combination expected to close in Q2 2024. Metuchen, NJ and Clearwater, FL – October 24, 2023 – Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced that FRLA and Water On Demand Inc. (WOD), a subsidiary of OriginClear, Inc., have entered into a definitive business combination agreement (the “BCA”).
Non-binding agreement sets basis for further negotiations. Metuchen, NJ and Clearwater, FL – September 28, 2023 – Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announce that FRLA and OriginClear subsidiary, Water On Demand Inc. (WODI), currently the sponsor of FRLA, have agreed to nominate a new target for acquisition by FRLA. The new target is Progressive Water Treatment Inc., a Texas corporation (PWT). PWT recently merged with WODI.
Consolidation intended to reinforce the value in potential merger transaction Clearwater, FL – September 26, 2023 – OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its subsidiaries, Water On Demand™ Inc. (WODI) and Progressive Water Treatment Inc. (PWT). The consolidation, which was approved by WODI shareholders, is intended to create better enterprise value for a potential merger opportunity with Fortune Rise Acquisition Corporation (NASDAQ: FRLA), as OCLN announced in January: https://www.originclear.com/company-news/originclears-water-on-demand-subsidiary-signs-letter-of-intent-to-merge-with-fortune-rise-acquisition-corporation.
“Software as a Service” Developer To Help Build Water Services Network Clearwater, FL – May 22, 2023 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that its subsidiary Water On Demand™ (WODI) recently entered into a Memorandum of Understanding (MOU) to acquire an established international SaaS (Software as a Service) Developer (Developer), founded nearly twenty years ago, which operates with a stable customer base of technology companies. The acquisition is anticipated to be accretive
New company presentation envisions additional resources in network management and manufacturing Clearwater, FL – May 16, 2023 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that following the recent transfer of its Modular Water Systems division (MWS or Modular Water) (www.modularwater.com) and the related assets to OriginClear’s subsidiary, Water On Demand, Inc. (WOD or Water on Demand) (www.waterondemand.net), WOD has issued an updated presentation for the 3rd Quarter of 2023, including a roadmap for prospective acquisitions.
Synergy of technology and finance could accelerate adoption of private water treatment by local businesses Clearwater, FL – April 18, 2023 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that it recently transferred its Modular Water Systems division (MWS or Modular Water) (www.modularwater.com) and the related assets to OriginClear’s subsidiary, Water On Demand, Inc. (WOD or Water On Demand) (www.waterondemand.net).
Non-binding agreement sets basis for negotiations. Metuchen, NJ and Clearwater, FL – January 5, 2023 – Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announce that OriginClear’s subsidiary, Water On Demand, Inc. (“Water On Demand”) (www.waterondemand.net), has executed a Letter of Intent (“LOI”) with Fortune Rise Acquisition Corporation, a Delaware special purpose acquisition corporation (NASDAQ: FRLA) (“FRLA”) under which FRLA proposes to acquire all the outstanding securities of Water on Demand, Inc. (“WODI”), based on certain material financial and business terms and conditions being met. The LOI is not binding on the parties and is intended solely to guide good-faith negotiations toward definitive agreements.
Clearwater, FL – December 29, 2022 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that its subsidiary, Water On Demand, Inc. (“Water On Demand” or “Company”) (www.waterondemand.net), has closed the acquisition of Fortune Rise Sponsor, LLC, a Delaware limited liability company (the “Sponsor”), which is the sponsor of Fortune Rise Acquisition Corp. (NASDAQ: FRLA) (the “SPAC”).
Firm has experience in SPAC Business Combinations Clearwater, FL – November 7, 2022 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that it has retained The Basile Law Firm, P.C. (www.thebasilelawfirm.com), to explore a potential business combination with a NASDAQ-listed Special Purpose Acquisition Corporation (SPAC).
High durability and a competitive price make EveraMOD attractive to cities and businesses Clearwater, FL – October 18, 2022 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that its pump station product line is showing commercial success. Known as EveraMOD in the Modular Water Systems (MWS) lineup, this durable, modular system is being adopted by customers, often as a simple yet vital retrofit for existing, obsolete installations.
New project builds on successful PhilanthroInvestors partnership Clearwater, FL – September 21, 2022 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces its collaboration with Inc. 500 real estate pioneer Ivan Anz to develop off-grid housing solutions. Ivan founded PhilanthroInvestors™, which promotes human welfare while earning a financial return.
Top Firm Entech Engineering Taps OriginClear for Innovative Sustainability Solutions Clearwater, FL – August 12, 2022 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announced the inaugural delivery and installation of its pre-engineered EveraBOX™ to implement a low-risk Liquid Ammonium Sulfate (LAS) disinfectant system for Pennsylvania’s Beaver Falls Municipal Water Authority (BFMA).
Platform will tap up to 64,500 institutional investors/lenders and 600,000+ accredited investors Clearwater, FL – August 3, 2022 – OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that it has named investment bank Castle Placement (“Castle”) (www.castleplacement.com) as its exclusive placement agent to build the capital base for its Water On Demand™ program.
