OriginClear, Inc. (OOIL: OTCQB) | Xcel Energy Awards Nearly $2 Million Contract to Progressive Water Treatment

Xcel Energy Awards Nearly $2 Million Contract to Progressive Water Treatment

Jan 12, 2016

OTC Disclosure News Service

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)

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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.

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

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Article source: http://www.otcmarkets.com/stock/OOIL/news?id=122974

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