CLEARWATER, Fla.--(BUSINESS WIRE)--Water On Demand (WODI), a subsidiary of OriginClear, Inc. (OTC Other: OCLN), announces that its Modular Water Systems™ (MWS) division has found market traction with its newly-launched EveraTREAT MINI product line, designed specifically for small wastewater treatment systems. Partners like Georgetown, Texas-based Enviromaintenance (www.enviromaintenance.com) agree.
"We needed something small, discreet and very quick to install, with the smallest possible service needs," said Bryan Klepzig, Enviromaintenance CEO. "In this category, you need quick and simple, and the EveraTREAT MINI delivers! We look forward to facilitating several hundred such installations in the Greater Central Texas Region, from Waco to San Antonio."
In March, Enviromaintenance became an MWS regional partner (announcement).
"This is a category that Big Water can't even touch. Because we are nimble and our processes are standardized, we can step right into the demand," said Daniel Early, PE, chief engineer and general manager of MWS. "To my knowledge no one is able to field small systems as well as we can, and the market is definitely agreeing with us!"
The EveraTREAT MINI is an underground, single-tank Integrated Film Activated Sludge (IFAS) treatment system, which can show only access hatches and the control panel at ground level. The IFAS treatment design is considered both highly effective and extremely compact, with minimal maintenance requirements.
Customers also have the option to reuse their treated water to help fight water scarcity and reduce fast-rising water bills. If they plan to make that water drinkable, they can opt for add-ons to eliminate contaminants including “forever chemicals” to ensure high-quality drinking water. These contaminants, including per- and polyfluoroalkyl substances, or PFAS, have become an increasingly significant issue, impacting the health and safety of our communities.
The EveraTREAT MINI is standardized in 2,500 gallon per day (gpd) increments from 2,500 to 10,000 gpd, and competitively priced for sites primarily needing to treat domestic or municipal strength sewage such as housing developments, small commercial sites, hotels, RV campgrounds, mobile home parks and remote public institutions such as schools and governmental facilities. The Texas Commission on Environmental Quality (TCEQ) has helped to accelerate adoption in Texas by pre-approving EveraTREAT MINI designs up to 5,000 gpd, with MWS staff working on other jurisdictions. For more information on your locality, please contact Modular Water Systems at https://www.modularwater.com/contact-us/.
"This series of fully integrated equipment systems solves a lot of problems that routinely plague the decentralized wastewater treatment sector," added Early. "Specifying Engineers can now realize a level of product completeness that has been missing in the sub 10,000 gallon per day wastewater treatment equipment market — and by completeness, I'm referring to the EveraTREAT MINI's ability to deliver a single tank structure that unites a series of common sub-unit treatment processes all designed to work in unison to produce exceptional-quality treated water. The EveraTREAT MINI eliminates the need to purchase and install concrete or fiberglass tanks that require critical engineering and construction attention to achieve a proper final field installation."
"I was also intrigued to read about Tesla's UNBOXED manufacturing method, which brings separate sub-assemblies together into one finished product, which I have been pursuing myself for the past 20 years," commented Early. "What the end-user gets is a single tank delivery that is pre-plumbed and wired, making the final site installation relatively quick and easy."
Early continued, "Conventional treatment plants combine multiple Aerobic Treatment Units (ATUs) with a series of pre-cast concrete tanks. Managing these complicated multi-tank installations is a headache due to the complexity of the interconnected piping system, maintaining proper tank elevations, and making all the individual units work properly. This is all elegantly avoided with our single tank design.”
Finally, Early stated, "The EveraTREAT MINI system reflects tremendous value for the owner. As a fully engineered product, it eliminates expensive custom engineering costs. As a single tank design, it saves the installation contractor significant time and money. The use of structural thermoplastics ensures an anticipated life cycle of 100 years, which is two to four times longer than conventional concrete and steel tank systems."
"After several years of hard work, extensive product development, and continued R&D, I'm extremely proud of the accomplishments achieved by the Modular Water Systems Engineering and Manufacturing Team. The launch of the EveraTREAT MINI product line is a major milestone in the evolution of the Modular Water Systems Division as we begin scaling our manufacturing to meet customer demand for decentralized wastewater treatment packages," concludes Early.
Water industry professionals can get more information about the EveraTREAT MINI, and sign up for a free one-hour Technical Webinar with Daniel Early that qualifies for a Professional Development Hour, by going to https://evt.modularwater.com.
About Water On Demand, Inc.
Once a government monopoly, the business of treating and reusing sewage water is going private. Local industries and communities are now treating-in-place, helping to reduce the burden on municipal systems and save on fast-rising water rates while also responding to the challenge of climate change. That’s good for business and good for sustainability. Now, the innovative fintech, Water On Demand™, is enabling clean water to become an investable asset, open to main street investors, with the potential for generational royalties. OriginClear has consolidated under Water On Demand, its Modular Water Systems, the downsized technology that businesses need for on-site water treatment and recycling, and Progressive Water Treatment, a 25-year veteran engineered solutions subsidiary based in McKinney, Texas, with its Water On Demand business. This combination adds technology and the ability to execute on larger and more prestigious installations.
On October 23, 2023, WODI entered into a Business Combination Agreement (the "BCA") with FRLA. The transaction represents a pro forma combined equity valuation of approximately $72 million, assuming no further redemptions of FRLA public shares by FRLA's public shareholders. The agreed upon acquisition valuation of WODI is $32 million, based upon a 3.2x multiple of its 2022 revenue.
No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
About OriginClear
OriginClear® is the Clean Water Innovation Hub™, dedicated to launching new ventures such as Water On Demand™ and Modular Water Systems™ – a leader in onsite, prefabricated systems made with sophisticated materials that can last decades. Another OriginClear subsidiary acquired in 2015, Progressive Water Treatment, helped achieve a company-wide increase of 250% in revenues from 2021 to 2022, and has now merged with Water On Demand and Modular Water Systems in a combination known as Water On Demand Inc., intended to create better enterprise value for a potential merger. Tune in on OriginClear's Legends of Water monthly broadcast by signing up at www.originclear.com/ceo.
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Matters discussed in this release contain forward-looking statements. When used in this release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect,” “plans” 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, and if or when the Company will receive and/or fulfill its obligations under any purchaser orders. 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.
