OriginClear’s Progressive Water Treatment Starts Up $1+ Million Installation for Texas Refinery
OriginClear
Inc. (OTC/QB: OOIL),
a leading provider of water treatment solutions, today announced that
its wholly-owned subsidiary, Dallas-based Progressive
Water Treatment Inc. (PWT), has commissioned, or put into operation,
a 750 gallon per minute (GPM) ) Multiple Media Filtration, Softener and
Reverse Osmosis (RO) system for a 75,000 barrel-per-day refinery
operated by Delek
Refining in Tyler, Texas. Valued at more than $1 million, paid
before the OriginClear acquisition, the water processing system is PWT’s
largest single unit to date, and includes advanced process technologies
that are new to the refinery and its operators.
“I wanted to personally congratulate Progressive Water Treatment for a
well-executed project from design, fabrication, construction support and
start-up,” said Randall Goodspeed, Manager of Capital Projects for
Delek’s Tyler refinery. “The self-imposed delay between delivery and
installation/startup made this project particularly challenging. Both
Delek and PWT had concerns with long term storage of a unit of this type
which were proven to be unfounded. The smooth start-up, and the support
since, have placed PWT in a position as a top supplier to Delek. We look
forward to working with PWT in maintaining this relationship for many
years to come.”
PWT engineers designed an RO skid that is physically the largest single
piece of equipment the company has ever built. PWT responded to the
client’s request to combine all three RO units onto one common frame. At
the time it was shipped, it required a special extra-wide, extra-high
convoy.
The new system replaces a water softening system that has been in
service for more than 30 years. It treats boiler feed water by removing
suspended solids and dissolved particles, creating steam for refinery
processes. Research
shows that upgrading wastewater systems to new technology can both
reduce operating costs, and have the potential to dramatically reduce
industry CO2 emissions, with a positive effect on climate change.
“This project has been filled with challenges, as well as rewards,” said
Marc Stevens, president of PWT. “Our team really stepped up to produce
some world class equipment and now have it producing high quality water
under some extremely difficult circumstances in a very tight window of
time.”
PWT built and delivered the unit in a previous year, receiving 85% of
the funds in 2014. The client decided to delay startup and requested
that the media and membranes not be installed until mid-2015. A final
payment of 15% was received in September, and commissioning was
completed in the current quarter with no additional cash.
“Progressive Water Treatment continues to impress us. We know we made
the right decision in making PWT our first acquisition of the
OriginClear Group,” stated Bill
Charneski, OriginClear Group President. “At this rate, the
OriginClear Group could become a formidable supplier of a full range of
technologies to the wide industrial water treatment market within the
year.”
“Although there are many large and resourceful companies in the water
treatment market, service often goes down as size goes up. Companies
like PWT are highly responsive,” said Riggs
Eckelberry, OriginClear’s Chief Executive Officer. “With that in
mind, we decided to assemble a group of entrepreneurial water treatment
companies whose focus is on high quality, performance and customer care.
With such a dream team, outsourcing customers can expect advanced
specialization, high responsiveness, and shared solutions.”
With this and other recent projects, PWT believes it will achieve about
$5 million of revenue for work completed in 2015, with orders exceeding
$6.5 million.
"We are very pleased with PWT's 2015 orders, setting up expectations for
a great 2016 for revenue," commented Riggs Eckelberry.
In its
paper, “Powering
the Wastewater Renaissance,” Xylem Inc. recently stated, “In the
United States and Europe, financing implementation of these technologies
to unlock energy efficiency improvements would decrease operating costs
and could even unlock new sources of capital to support the badly needed
renewal of wastewater infrastructure.”
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About Progressive Water Treatment, Inc.
Progressive Water Inc., of the OriginClear Group™, designs and
manufactures a complete line of water treatment systems for municipal,
industrial and pure water applications. The company utilizes a wide
range of technologies, including chemical injection, media filters,
membrane, ion exchange and SCADA technology, in turnkey systems. The
company also offers a broad range of services including maintenance
contracts, retrofits and replacement assistance. In addition, PWT rents
equipment in contracts of varying duration. Customers are primarily
served in the United States and Canada, with the company’s reach
extending worldwide from Japan to Argentina to the Middle East.
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.
Abstract:
OriginClear’s Progressive Water Treatment starts up $1+ Million
installation for Texas refinery; massively combining three
functions on one Reverse Osmosis system makes for company’s largest
single unit to date
Key Words:
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