Originclear Inc - OCLN stock
OTC Market: OCLN • Industry: Green Tech
About[edit]
OriginClear Inc. (OTC: OCLN) is a publicly-traded water treatment company that provides innovative water treatment solutions to businesses and communities. The company is headquartered in Los Angeles, California, and was founded in 2007.[1]
In summary, OriginClear Inc. is a company that specializes in water treatment solutions, using its proprietary Electro Water Separation technology to remove contaminants from water without chemicals. Its products and services are used in a variety of applications and industries, and the company is committed to sustainability and reducing environmental impact.[1]
Technology[edit]
OriginClear's core technology is called Electro Water Separation (EWS), which uses an electrical charge to remove contaminants from water without the use of chemicals. The EWS technology is used in a variety of applications, including industrial wastewater treatment, municipal water treatment, and agricultural water treatment.[2]
Products[edit]
The company's products and services include modular water treatment systems, custom-designed water treatment systems, and licensing of its technology to third-party manufacturers. OriginClear also provides ongoing maintenance and monitoring of its systems to ensure optimal performance.[3]
Partnerships[edit]
OriginClear has partnerships with a range of companies in various industries, including oil and gas, food and beverage, and agriculture. The company is committed to sustainability and reducing the environmental impact of industrial processes by providing clean water solutions.[1]
Offering[edit]
As of January 2022 the company was conducting a SERIES Y OFFERING with the goal of raising up to $300 million for the development of a Water On Demand™ subsidiary which will engage in investing in water projects. The offering is a $300 million fundraising campaign on a crowdfunding site. The company is offering shares of its common stock at $2.50 per share, with a minimum investment of $1,000. The funds raised through this campaign will be used to finance the company's growth and expansion plans. The campaign is being conducted on StartEngine, a crowdfunding platform that allows individuals to invest in private companies. This is a unique approach for a publicly-traded company like OriginClear, which typically raises funds through traditional channels such as public offerings or private placements. OriginClear's CEO, Riggs Eckelberry, stated that the company chose to launch the campaign on StartEngine to give individual investors the opportunity to participate in the company's growth. He also noted that the crowdfunding campaign will help the company raise funds more quickly and efficiently than traditional fundraising methods.[4]
Revenue[edit]
In August 2021 OriginClear subsidiary Progressive Water Treatment received a purchase order for approximately $1.8 million from Total Outsourced Water™ for "water filtration systems that will provide process water at three power plants". OriginClear's Progressive Water Treatment division has been selected by a major utility company to provide custom water treatment systems for multiple power plants. The partnership is an important milestone for OriginClear and highlights the effectiveness of the company's turnkey water treatment solutions.[5]
Leadership[edit]
On 1/13/22 the company named Andrea d’Agostini as President and Chief Strategic Officer. Mr. d’Agostini formerly served as Chief Marketing Officer American Power And Gas, a $300 million+ multinational company with 200 employees. D'Agostini brings over 25 years of experience in the financial and technology sectors to his new role at OriginClear. He has held senior leadership positions at a number of companies, including Microsoft and Amazon, and has also served as a venture capitalist and private equity investor.
OriginClear's CEO, Riggs Eckelberry, stated that D'Agostini's extensive experience in technology and finance will be instrumental in helping the company achieve its growth objectives. He also noted that D'Agostini's appointment is part of the company's ongoing efforts to strengthen its leadership team and position itself for long-term success.
In his new role, D'Agostini will work closely with OriginClear's executive team to develop and implement strategic initiatives that will help the company expand its presence in the water treatment industry. He will also be responsible for identifying new business opportunities and partnerships that can help accelerate the company's growth.[6]
Warrants[edit]
In an 8-K filing on March 1, 2022 it was disclosed that several million warrants were issued, and preferred shares were converted to over 25,000,000 common shares of stock.[7]
Financials[edit]
For the year ending 12/31/2020 the company had total revenue of $4.1 million and operating income of -$4.7 million.[8]
- ↑ 1.0 1.1 1.2 OriginClear.com. About Us. Retrieved on 4/13/23.
- ↑ OriginClear.com. Technology. Retrieved on 4/13/2023.
- ↑ OriginClear.com. Solutions. Retrieved on 4/13/2023.
- ↑ businesswire. OriginClear Launches $300 Million Offering on Crowdfunding Site. June 29, 2022.
- ↑ H2O Global News. Major Utility Selects OriginClear’s Progressive Water Treatment for Multiple Power Plant Water Systems. August 27, 2021.
- ↑ Bloomberg. OriginClear Names Andrea d’Agostini President and Chief Strategic Officer. January 14, 2022.
- ↑ Last10K.com. Originclear, Inc. (OCLN) SEC Filing 8-K Material Event for the period ending Wednesday, February 23, 2022.
- ↑ Yahoo! Finance https://finance.yahoo.com/quote/OCLN/financials?p=OCLN
