LOS ANGELES & ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--OriginClear Inc. (OTCQB: OCLN), The Water Company For The New Economy™, today announces it has entered into an Agency Agreement with AlMansoori Specialized Engineering (MSE), a unit of AlMansoori Group. MSE is the leading provider of oilfield services in the Middle East. Founded in 1977, the company has grown to a skilled workforce of over 3,000 across 24 countries throughout the region.
The alliance is intended to capitalize on efforts by OriginClear’s licensee in Oman, Special Oilfield Services, with which MSE has a joint venture, so that achievements in Oman can be expanded throughout the region.
“Similar to our recent strategic partnership with Permionics of India, OriginClear now partners with AlMansoori, which we believe will be a strategic ally in the Middle East-North Africa (MENA) Region,” said Bill Charneski, Senior Vice President of OriginClear.
“AlMansoori brings essential capabilities as a leader in the oil & gas market and as an oil service company they are with their customers daily and bring a highly skilled and experienced engineering staff,” said Nabil Alalawi, CEO of AlMansoori Specialized Engineering. “We know that effective water treatment is a major requirement for the MENA region. We are always looking for new technologies for the treatment of produced water and based on pilot testing. Therefore, OriginClear’s Electro Water Separation™ (EWS) and Advanced Oxidation (AOx™) technologies are a leap forward in chemical free water treatment.”
Alalawi added, “Our division was created to oversee product development and the manufacturing process as well as enhance relations with current and prospective partners. Our business is looking to create any technology or equipment for use in the oil and gas industry from our Abu Dhabi base. The fit with OriginClear is perfect.”
“The introduction of OriginClear to AlMansoori is a result of our joint venture in Oman, Special Oilfield Services (SOS). SOS has been a licensee of OriginClear’s EWS and AOx technology since late 2018 and we expect to benefit from their early efforts.”
“Commercializing a technology such as EWS and AOx overseas has many hurdles, including having the engineering support to assist in the design solution for new projects, developing a customer proposal formatted to meet customer requirement and, finally, the design details to manufacture the product,” said Bill Charneski, senior vice president of OriginClear. “And last and most important, customers need training, startup assistance and service, which are best supplied locally. We believe that AlMansoori is best suited to accomplish all of the above for our customers in the MENA countries.”
About OriginClear, Inc.
Water is our planet’s most valuable resource, and the mission of OriginClear is to provide breakthrough water treatment and conveyance products that effectively improve the quality of our planet’s waters by returning them to their original and clear condition and deliver the highest quality water to end-users. By 2020, the global water services market will have doubled in just one decade into a trillion-dollar industry. But 80% of all sewage in the world is never treated, and up to 35% of all clean water is lost in transit. This calls for self-help solutions at the point of use, a movement known as decentralized water treatment. Our mission is to enable this decentralized water revolution by providing rapid deployment, point-of-use water treatment and conveyance products and technologies that enable water independence and help make clean water available for all.
For more information, visit the company’s website at www.OriginClear.com.
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OriginClear Safe Harbor Statement:
Matters discussed in this presentation contain forward-looking statements. 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 except as may be required under applicable law. There cannot be any assurance that our agreements with AlMansoori Specialized Engineering will enable us to generate any revenue.
