FRLA

OriginClear to Present at LD Micro Invitational XIV in New York

Retrieved on: 
Thursday, April 4, 2024

OriginClear, Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced it will be presenting at The 14th Annual LD Micro Invitational at the Sofitel New York on April 9th, 2024.

Key Points: 
  • OriginClear, Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced it will be presenting at The 14th Annual LD Micro Invitational at the Sofitel New York on April 9th, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240404261564/en/
    OriginClear CEO Riggs Eckelberry and Executive Vice President Ken Berenger will highlight OriginClear's crowdfunding campaign, now in preview invitational stage, during their presentation.
  • In addition, accredited investors receive equity positions in both OriginClear and the Water On Demand (WODI) subsidiary.
  • The company presentation will also be webcast at https://ldinv14.sequireevents.com , and a copy of the presentation will appear on the OriginClear investor page of the company website .

"Original Shark" Kevin Harrington Brings His Star Power to OriginClear Crowdfunding Campaign

Retrieved on: 
Tuesday, April 2, 2024

Interested investors can go to https://offer.originclear.com/reserve and make a non-binding indication of interest and register to receive updates.

Key Points: 
  • Interested investors can go to https://offer.originclear.com/reserve and make a non-binding indication of interest and register to receive updates.
  • View the full release here: https://www.businesswire.com/news/home/20240402638417/en/
    "Water is our most precious commodity and yet in many places, we could run out of water in just 25 years.
  • Investors can benefit from OriginClear’s current majority ownership in WODI, while also helping to build future world class companies.
  • FRLA will not generate any operating revenues until after the completion of its initial business combination, at the earliest.

OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Seek to Combine under Form S-4 Registration Statement

Retrieved on: 
Thursday, February 15, 2024

The Registration Statement is available on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1849294/000109690624000209/frla_... .

Key Points: 
  • The Registration Statement is available on the SEC’s website at https://www.sec.gov/Archives/edgar/data/1849294/000109690624000209/frla_... .
  • The agreed upon acquisition valuation of WODI is $32 million, based upon a 3.2x multiple of its 2022 revenue.
  • “OriginClear has retained a controlling percentage of its Water On Demand subsidiary,” said Riggs Eckelberry, OriginClear CEO.
  • The acquisitions will prioritize network management software, management and engineering staffing, and vertical integration through acquisition of component fabricators.

OriginClear’s Water On Demand In Strategic Partnership with the Intent to Acquire Manufacturer for its Proprietary Modular Products

Retrieved on: 
Wednesday, January 10, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240110217200/en/
    “Modular Water Systems (MWS) has tremendous growth potential due to its highly standardized, modular line of products.
  • The MOU enhances the strategic relationship and enables MWS to build its complete water systems right where the enclosures are manufactured, for maximum efficiency and speed.
  • “Modular Water Systems has tremendous growth potential due to its highly standardized, modular line of products.
  • “The solution is to let businesses treat and even recycle their own water, making better use of scarce fresh water.

OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Announce Business Combination to Create Nasdaq-Listed Company

Retrieved on: 
Tuesday, October 24, 2023

Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced that FRLA and Water On Demand Inc. (WOD), a subsidiary of OriginClear, Inc., have entered into a definitive business combination agreement (the "BCA").

Key Points: 
  • Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, today announced that FRLA and Water On Demand Inc. (WOD), a subsidiary of OriginClear, Inc., have entered into a definitive business combination agreement (the "BCA").
  • The proceeds will be used to develop the Water On Demand water-as-a-service network, grow the Modular Water and Progressive Water business units, and carry out an aggressive acquisition program, which is expected to accelerate the existing growth.
  • The proceeds will be used to develop the Water On Demand water-as-a-service network, grow the Modular Water and Progressive Water business units, and carry out an aggressive acquisition program, which is expected to accelerate the existing growth.
  • The acquisitions will prioritize network management software, management and engineering staffing, and vertical integration through acquisition of component fabricators.

In Amended Letter Of Intent, OriginClear’s Water On Demand and Fortune Rise Acquisition Corporation Nominate A New Target For Merger

Retrieved on: 
Thursday, September 28, 2023

Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announce that FRLA and OriginClear subsidiary, Water On Demand Inc. (WODI), currently the sponsor of FRLA, have agreed to nominate a new target for acquisition by FRLA.

Key Points: 
  • Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announce that FRLA and OriginClear subsidiary, Water On Demand Inc. (WODI), currently the sponsor of FRLA, have agreed to nominate a new target for acquisition by FRLA.
  • The new target is Progressive Water Treatment Inc., a Texas corporation (PWT).
  • View the full release here: https://www.businesswire.com/news/home/20230928062773/en/
    Fortune Rise Acquisition Corporation (Nasdaq: FRLA) and OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announce that FRLA and OriginClear subsidiary, Water On Demand Inc., currently the sponsor of FRLA, have agreed to nominate a new target for acquisition by FRLA.
  • The new target is Progressive Water Treatment Inc., a Texas corporation (PWT).

OriginClear Merges Its Water On Demand and Progressive Water Treatment Subsidiaries

Retrieved on: 
Tuesday, September 26, 2023

OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its subsidiaries, Water On Demand™ Inc. (WODI) and Progressive Water Treatment Inc. (PWT).

Key Points: 
  • OriginClear Inc. (OTC Other: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its subsidiaries, Water On Demand™ Inc. (WODI) and Progressive Water Treatment Inc. (PWT).
  • View the full release here: https://www.businesswire.com/news/home/20230926392581/en/
    OriginClear Inc. the Clean Water Innovation Hub™, announces that it recently merged its subsidiaries, Water On Demand™ Inc. (WODI) and Progressive Water Treatment Inc. (PWT).
  • (Graphic: OriginClear)
    In April, OriginClear transferred its Modular Water Systems division to WODI.
  • “By consolidating our powerhouse Progressive Water Treatment division with Water On Demand and Modular Water, we believe we have created outstanding enterprise value,” said Riggs Eckelberry, OriginClear CEO.

OriginClear’s Subsidiary Water On Demand Signs MOU Regarding Acquisition of Established SaaS Developer

Retrieved on: 
Monday, May 22, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230522005695/en/
    Figure 1: The main steps of the Water On Demand Process, with potential acquisitions.
  • “Our plan is to acquire and maintain the Developer’s stable SaaS business, while also leveraging its expertise to help build our end-to-end water service network,” said Riggs Eckelberry, OriginClear and Water On Demand CEO.
  • “With this network up and running, any business could fully outsource its wastewater treatment and water transportation needs to Water On Demand without requiring upfront capital.” (Graphic: OriginClear)
    The MOU provides a framework for negotiating a definitive agreement for the acquisition of the Developer.
  • The acquisition of Developer and its intellectual property as contemplated by the MOU is intended to complement the MWS asset transfer.

OriginClear Presents Acquisition Roadmap for Water On Demand

Retrieved on: 
Tuesday, May 16, 2023

By uniting Modular Water with Water On Demand, we create the perfect synergy between the two.

Key Points: 
  • By uniting Modular Water with Water On Demand, we create the perfect synergy between the two.
  • Water On Demand is now well positioned to lead the new water managed services segment; and the only company in that segment to accept investments from everyday investors.” (Graphic - Water On Demand Inc.)
    The presentation is available by clicking this link on the Water On Demand site: Water On Demand with Modular Water Systems Q3-2023 .
  • In April, Water On Demand announced that it purchased Modular Water’s intellectual property and assets in exchange for 6 million shares of Water On Demand common stock.
  • “We anticipate this transaction will further benefit OriginClear shareholders as Water On Demand executes on its business plan.”
    “As governments are tasked with improving water quality, businesses are doing their part by treating and recycling their own water right on the spot,” said Riggs Eckelberry, OriginClear CEO and Chairman of Water On Demand.

OriginClear Contributes Modular Water Systems Division to its Water On Demand Subsidiary

Retrieved on: 
Wednesday, April 19, 2023

OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its Modular Water Systems division (MWS or Modular Water) ( www.modularwater.com ) with OriginClear’s subsidiary, Water On Demand, Inc. (WOD) ( www.waterondemand.net ).

Key Points: 
  • OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that it recently merged its Modular Water Systems division (MWS or Modular Water) ( www.modularwater.com ) with OriginClear’s subsidiary, Water On Demand, Inc. (WOD) ( www.waterondemand.net ).
  • View the full release here: https://www.businesswire.com/news/home/20230418006211/en/
    Water On Demand purchased Modular Water’s assets in return for 6 million shares of Water On Demand common stock.
  • (Graphic: OriginClear)
    Water On Demand purchased Modular Water’s assets in return for 6 million shares of Water On Demand common stock.
  • By uniting Modular Water with Water On Demand, we create the perfect synergy of the two.