OriginClear Inc (OTCMKTS: OCLN) has seen a massive surge in trading volume after the Company announced sales had increased by 110% to $2,445,646 for the 6 months ended June 30, 2018.
OCLN currently trades below $0.005 with volume skyrocketing transforming this one into one of the most traded stocks on the entire OTCBB today.
OriginClear Inc (OTCMKTS: OCLN) bills itself as 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.
According to OCLN By 2020, the global water services industry will be a trillion-dollar industry and yet, 80% of all sewage in the world still goes untreated. Our mission is to provide expertise, technology, and capital to help make clean water available for all. OCLN licenses their breakthrough technology worldwide to treat heavily polluted waters and also remove harmful micro-contaminants from drinking water, using minimal energy, chemicals, and materials.
The Company is building a network of profitable water service companies to expand their global market presence and our technical expertise. And now, OCLN is deploying their blockchain-based WaterChainânitiative to fund next-generation water recycling systems that can propel the worlds water supply forward into a cleaner future. Water is the most valuable resource, and the mission of OriginClear is to improve the quality of water and help return it to its original and clear condition.
OCLN wholly owned subsidiary Progressive Water Inc. 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.
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The big story on OCLN is the big numbers the Company is putting out. On August 30 OCLN reported revenue at the half-year mark doubled year over year for its Dallas-based subsidiary, Progressive Water Treatment (PWT), while the division’s gross profits quadrupled, helping the company in its drive toward overall profitability.
Further expanding on its quarterly report, the company reported that PWT’s revenue as of June 30, 2018 increased by 110% to $2,445,646 compared to $1,162,155 for the six months ended June 30, 2017. And the unit’s gross profit increased by 417% to $437,074 compared to $84,560 for the same period. Overall, OriginClear’s operating losses for the same period narrowed by 31% from $2,646,019 to $1,816,886.
Earlier this year OCLN formed a new division called Modular Water Systems that offers a unique product line of prefabricated water treatment systems. Daniel “Dan” Early P.E. (Professional Engineer), heads the new division. Modular Water designs and delivers prefabricated wastewater treatment products to customers and end-users that have to clean their own wastewater. It uses Structurally Reinforced Thermoplastic (SRTP) materials to focus on developing water and wastewater collection, conveyance, and treatment systems that have high performance and sustainability.
The new division has started to generate sales immediately with OCLN reporting on July 25, 2018, the division received its first order totaling about $60,000.
The order was for a brewery wastewater treatment plant that will use a heavy reinforced plastic system invented and patented by Daniel “Dan” Early P.E. (Professional Engineer), President of OriginClear’s Modular Water Systems unit.
“Dan brought in his first sale within 30 days as president of Modular Water Systems,” said Riggs Eckelberry, OriginClear CEO. “These sales can take months of lead time, so that is an amazing performance.”
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Currently making big moves in sub penny land OCLN has $438k in the treasury, significant debt and fast growing revenues reporting $1,250,604 in sales for the 3 months ended June 30, 2018 up from $510,325 for the same period last year. One thing that seems to be holding it back is debt holders converting. At the same time OCLN is an exciting story in small caps and the Company is making big moves and has been very successful in attracting a very active shareholder base. We will be updating on OCLN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with OCLN.
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Disclosure: we hold no position in OCLN either long or short and we have not been compensated for this article.