LOS ANGELES & DE PERE, Wis.--(BUSINESS WIRE)--OriginClear Inc. (OTC/QB: OOIL), a leading provider of water treatment solutions, and Renewable Water Technologies (RWT), a spin-off of Wisconsin’s Renewable Algae Group, plan to form a joint venture (JV) to offer complete treatment solutions for agricultural effluent reclamation, with a focus on dairies equipped with anaerobic digestion systems.
Headed by Steve Herman, Owner and CEO of Renewable Water Technologies, the JV is expected to deploy OriginClear’s high-speed Electro Water Separation™ (EWS) technology for first-stage water clarification of agricultural effluents.
“After performing a series of tests on contaminated water coming from farming operations in Wisconsin, we decided to move to the next phase of commercial deployment,” said Steve Herman. “Tougher water disposal regulations are forcing farmers to implement on site water treatment solutions. A 2,000-cow dairy needs about 40 million gallons of water annually. With water scarcity on the rise and increased regulation, water needs to be reused on site. Farmers are looking for innovative means to clean it back to drinking water grade.”
“We believe OriginClear’s Electro-Water Separation technology is a natural fit for farmers equipped with anaerobic digesters and other treatment technologies, as it provides a critical piece to enable closed-loop recycling,” said Dr. John Katers, Professor and Chair of Natural and Applied Sciences at University of Wisconsin Green Bay, the JV’s planned engineering partner.
“We were already in extended discussions to use EWS for a new micro-algae venture,” added Steve Herman. “A light bulb went off and we realized we could deploy EWS to help farmers, our core business customer, to address their water reuse headaches.”
OriginClear plans to grant the JV a license to integrate its EWS technology into the treatment process, and to contribute its experience and expertise; while RWT plans to contribute its industry relationships, and market to the farmers. The JV is designed to offer affordable and practical treatment solutions to end-users and has made plans to manufacturer locally, in partnership with a local fabrication company.
“Our research indicates the opportunities are enormous,” said Mael-Disa-Vingataramin, OriginClear’s VP of Licensing and Business Development. “Wisconsin alone has more than 10,000 dairies. We think we have the potential to generate short-term revenues from the sales of our core proprietary components systems manufacturing, while also developing long-term revenue from the joint venture’s profitability over the coming years.”
While the JV plans to target all dairies, it is designed to especially serve the needs of the fast-growing anaerobic digester market. There are also numerous small-scale digesters operating in China, where OriginClear recently established another JV.
About OriginClear, Inc.
OriginClear is a leading provider of water treatment solutions and the developer of a breakthrough water cleanup technology serving the rapidly growing $500 billion world market. Through its wholly owned subsidiaries, OriginClear provides systems and services to treat water in a wide range of industries, such as municipal, pharmaceutical, semiconductors, industrial, and oil & gas. To rapidly grow this segment of the business, we strategically acquire profitable and well-managed water treatment companies, which allow us to expand our global market presence and technical expertise. To enable a new era of clean and socially responsible water treatment solutions, we invented Electro Water Separation™, a breakthrough high-speed water cleanup technology using multi-stage electrolysis, that we license worldwide to water treatment equipment manufacturers. Water is our most valuable resource, and the mission of the “Family of OriginClear Companies” is to improve the quality of water and help return it to its original and clear condition. To learn more about OriginClear®, please visit our website at www.originclear.com.
OriginClear 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 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.
OriginClear and farm equipment distributor team up to treat agricultural effluent; Wisconsin joint venture to manufacture systems for agricultural effluent reuse using Electro Water Separation
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