LOS ANGELES & DALLAS--(BUSINESS WIRE)--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.”
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.
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:
OriginClear, OriginClear inc, Progressive Water Treatment, Delek Refining, Oil Refinery, OOIL, Acquisition, corporate strategy, Water Treatment, Marc Stevens, Riggs Eckelberry, Bill Charneski, 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,
