Published On: Fri, Sep 30th, 2016

OriginClear Inc (OTCMKTS:OCLN)’s Subsidiary Completes Another Power Plant Project

OriginClear Inc (OTCMKTS:OCLN) announced that its subsidiary, Progressive Water Treatment Inc, in Dallas, was asked to modernize and expand a boiler feed-water treatment system, for a Northeast Ohio power plant. The company stated that PWT was able to improve systems efficiency, to deliver better economy and capacity. Moreover, this was the third large power plant project for PWT, this year. As such, the subsidiary has generated proceeds of approximately $3.5 million, during the current year, from these projects.

Marc Stevens, the president of PWT, commented that the feed-stream technologies in most power plants has become outdated and needs to be replaced. He pointed out that the new technology offers improvements in water quality, as well as in operational costs. Mr. Stevens voiced his belief that ultra-filtration was the key in these new systems, which is relatively cheaper to install and operate. He even claimed that the system can remove particles as small as a virus, making the water pure enough for reverse-osmosis and de-ionization.

OriginClear recently attended WEFTEC 2016, as part of the Innovation Pavilion. The event was held in New Orleans, from 24 to 28 September, and titled “Creating the Future of Water”. WEFTEC is considered to be one of the largest annual water quality exhibitions in the world, attracting more than 1,000 exhibitors and providing a forum for business opportunities at a global level.

The president of OCLN, Jean-Louis Kindler, claimed that the event was by far the most important one on their calendar. He also stated that a number of prospective licensees, particularly from East Asia, would be attending the event. WEFTEC was also attended by the latest licensee of OCLN’s technology, from China, DongYuan Environment Technology. The licensee has already placed its first order of a demonstration unit with the company, which would be delivered soon.

OriginClear Inc (OTCMKTS:OCLN) lost 4.58% of its share value, during the September 29 trading session, on a trade volume of 8.14 million, to close at $0.0115 per share.

© Copyright 2016 OTC News Magazine. All rights reserved.