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OriginClear Inc. (OCLN) reports developments around OriginSpark, its venture focused on tax-advantaged funding of scarce assets and Bitcoin mining acceleration. Recent company updates describe joint ventures with Bitcoin mining operators, project-financing initiatives, access to energy and data-center infrastructure, and scarce-asset funding structures.
The company also refers to its completed spinoff of Water On Demand, its former industrial water business, and to recurring public-company topics such as material agreements, shareholder voting matters, capital-structure disclosures, governance matters, and operating results.
OriginClear Inc (OTC Pink: OCLN) announced the filing of a patent application titled “System And Method For Water Treatment Incentive”. This innovation leverages blockchain technology and NFTs to streamline payment distribution for outsourced water treatment services, billed on a pay-per-gallon basis, amid rising inflation. CEO Riggs Eckelberry emphasized the cumbersome nature of current payment processes and the potential of this technology to create a more efficient marketplace. The move aligns with increasing outsourcing trends in water management due to economic pressures.
OriginClear Inc. (OTC Pink: OCLN) has launched a wholly-owned subsidiary, Water On Demand #1, Inc., to provide businesses a pay-per-gallon model for water treatment services. With federal funding for water treatment systems declining to 9%, companies are seeking outsourced solutions. The average quote for Modular Water Systems is $232,246, highlighting the attractiveness of minimizing capital expenses. By adopting a Design-Build-Own-Operate model, businesses can avoid managing water treatment, potentially increasing revenue streams for OriginClear.
OriginClear Tech, a division of OriginClear, Inc. (OTC Pink: OCLN), has offered its expertise at no charge to the owners of Tampa Bay's Piney Point phosphate plant to assist in addressing the toxic wastewater leak. The company claims that the remediation costs proposed by others are excessively high, asserting it can provide a more cost-effective solution. Following a breach on March 26, 2021, approximately 173 million gallons of untreated wastewater have entered the bay. OriginClear emphasizes the urgency of the situation, with COO Tom Marchesello highlighting their commitment to help.
OriginClear Inc (OTC Pink: OCLN) has been invited to present at the Emerging Growth Conference on March 3, 2021, at 11:15 AM Eastern time. The presentation will last for 45 minutes, allowing investors to engage with CEO Riggs Eckelberry in real time. Participants will have the opportunity to ask questions following the presentation. Those unable to attend will be able to access an archived webcast. The conference aims to highlight innovative companies across various growth sectors.
OriginClear Inc. (OTC PINK: OCLN), known as The Water Company for the New Economy™, has announced plans to acquire additional real estate assets to fund water projects. The company is negotiating a stock-for-stock transaction to acquire a US-based real estate development partner, Alfredo Guatto. This strategic move aims to enhance OriginClear's capacity to finance and expand its water project initiatives.
OriginClear Inc (OTCQB: OCLN) has announced its first real estate asset acquisition to finance water projects. Ivan Anz, an advisor at OriginClear and founder of Philanthroinvestors®, will exchange real estate assets valued at $630,000 for a package of stock and warrants, with an option to invest in a forthcoming fund for commercial water equipment projects. The completion of this acquisition depends on final valuation and Board approval, with no guarantees provided. The company's mission focuses on enhancing water quality and promoting decentralized water treatment solutions.
OriginClear, Inc (OTCQB: OCLN) has launched the Pool Preserver™, a trailer-based pool cleaning system that enhances operational efficiency for pool maintenance businesses without needing extra skilled labor. This system allows pool professionals to manage cleaning remotely, freeing them to focus on repairs or attend to multiple pool locations. The Pool Preserver helps restore water clarity while reducing the amount of water discarded during maintenance. With existing training programs, OriginClear aims to support entrepreneurs affected by COVID-19.