LOS ANGELES, March 20, 2017 /PRNewswire/ — OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today issued its 2017 business outlook to provide an overview of anticipated events and key milestones for the coming year, and to review business highlights from 2016.
OriginClear has experienced strong revenue growth since 2015, primarily as a result of its acquisition of Dallas-based Progressive Water Treatment (PWT) on October 1, 2015. Ahead of its annual report, the Company is providing the following estimates:
OriginClear’s top line revenue grew from $166,195 in 2014 to $954,470 in 2015 and is expected to exceed $5 million for 2016, an increase of over 425% from 2015.
Gross Profits, which were $112,567 in 2015, are expected to exceed $1.4 million in 2016, a more than 1,100% increase year over year.
In its annual report, OriginClear expects to show continued reductions in operating losses, as a result of the increased revenue and continued savings at the corporate level.
In 2016, OriginClear accomplished the following:
In 2017, OriginClear intends to achieve the following:
OriginClear believes that its technology is valuable to the industry because it has the potential to greatly extend the life of membranes and filters by effectively treating very dirty, oily water, while reducing chemical use significantly. OriginClear also believes that its Advanced Oxidation technology will help neutralize harmful micro-contaminants, such as industrial solvents, which is difficult or impossible to achieve with other technologies.
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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.
SOURCE OriginClear, Inc.