Tweet This: @xcelenergy awards $2M boiler contract to @OriginClear subsidiary, Progressive Water Treatment
LOS ANGELES
&
DALLAS
--(BUSINESS WIRE)--
OriginClear Inc. (OTC/QB:
OOIL), a leading provider of water treatment solutions, today announced that
Minnesota
-based public utility,
Xcel Energy (NYSE:XEL), awarded the company’s subsidiary,
Progressive Water Treatment Inc. (PWT) a large-scale contract for a boiler feedwater treatment system. The contract totals nearly
two million dollars and uniquely utilizes all
Dow Chemical (NYSE:DOW) products, including Ultrafiltration (UF), Reverse Osmosis (RO) and Electrodeionization (EDI) processes.
“We’ve found that our happy customers are also repeat customers. Xcel Energy is a longtime client of Progressive Water Treatment,” said Marc Stevens, PWT’s President. “This new contract is for one of Xcel’s power plants in
Texas
. The nearly
$2 million project involves treating a site groundwater source for high pressure boiler feed make-up. The primary processes that will be used to treat the ground water are UF, RO and EDI, all sourced from Dow Chemical.”
Dow Chemical’s Senior Account Manager, Tom McCandless, stated, “Dow and Progressive Water Treatment have partnered to develop several treatment systems over the past 12 years. PWT was the first original equipment manufacturer (OEM) in
North America
to design and build a system using 100 percent Dow UF, RO and EDI products. We’re addressing industry standards for better quality and reliability and we’re looking forward to serve as the supplier on this new contract.”
“We believe this contract, and numerous others like it, validates OriginClear’s decision to acquire Progressive Water Treatment,” stated Bill Charneski, President of the OriginClear Group™. “Our strategy, to build a group of water treatment service companies that serve all water-intensive industries and regions, is well underway. We intend to complete our second water services acquisition this year and we are in discussion with several other companies.”
Global Water Intelligence recently stated, “With regulations relating to wastewater treatment and discharge growing ever-more stringent and the cost of sourcing water continually rising, operators of industrial plants are seeking full water management services to provide cost-effective solutions that maximize water and energy efficiency, allowing them to focus on their core production businesses.”
Xcel Energy Inc. is a utility holding company based in
Minneapolis
, serving more than 3.3 million electric customers and 1.8 million natural gas customers in
Minnesota
,
Michigan
,
Wisconsin
,
North Dakota
,
South Dakota
,
Colorado, Texas
and
New Mexico
. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-
Wisconsin
, Public Service Company of
Colorado
, and
Southwestern Public Service Co. (
Wikipedia)
Follow us on Twitter
Like us on Facebook
Signup for our Newsletter
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.
Key Words:
Xcel Energy Awards Nearly $2 Million Contract to Progressive Water Treatment; New boiler feedwater treatment plant utilizes all Dow Chemical products
Key Words:
OriginClear, OriginClear inc, Progressive Water Treatment, OOIL, boiler feedwater treatment system , Water Treatment, Dow Chemical, Ultrafiltration, Reverse Osmosis, Electrodeionization Marc Stevens, Riggs Eckelberry, Electro Water Separation, EWS, Invest OOIL, Investor, chemical injection, media filters, membrane, ion exchange, SCADA technology, Turn Key Water Treatment System, flow back produced water, frack, oil & gas, oil industry, fracking, oil drilling, waste water, algae appliance, invest algae, Frack and Produced Water Cleanup System, new oil, algae oil, renewable oil, algae biofuel, chemical free process algae, algae commercialization, algae harvesting, renewable crude oil, algae extraction, Oil Services
View source version on businesswire.com: http://www.businesswire.com/news/home/20160112005646/en/
Press Contact
Antenna Group
Sarah Mier, 415-977-1947
OriginClear@antennagroup.com
or
Investor Relations
OriginClear
Tom Becker
Toll-free: 877-999-OOIL (6645) Ext. 3
International: +1-323-939-6645 Ext. 3
Fax: 323-315-2301
ir@OriginClear.com
www.OriginClear.com
Source: OriginClear Inc.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer
