High durability and a competitive price make EveraMOD attractive to cities and businesses
CLEARWATER, Fla., October 18, 2022--(BUSINESS WIRE)--OriginClear Inc. (OTC Pink: OCLN), the Clean Water Innovation Hub™, announces that its pump station product line is showing commercial success. Known as EveraMOD in the Modular Water Systems (MWS) lineup, this durable, modular system is being adopted by customers, often as a simple yet vital retrofit for existing, obsolete installations.
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Businesses and cities are investing in and want green technology, durable, sustainable infrastructure solutions. Once they understand the value proposition that is the EveraMOD™ product, they are adopting it as their preferred and specified solution. "I think it's very indicative of the major trend we're seeing in the infrastructure world where end users and public utilities want these roughly 100-year lifecycle solutions for the structure," said OriginClear Chief Engineer, Dan Early. "And that's what the EveraMOD is. It's a turnkey, single point of delivery infrastructure solution with up to a 100-year structural service life." (Photo - OriginClear)
"The EveraMOD product line has really taken off for us this year," said Tom Marchesello, OriginClear Chief Operating Officer. "While our sales of EveraMOD pump stations in the first half of the year were only about 10% of total MWS sales, they represent about half of all systems that MWS is quoting this month alone."
While sales are only an indication of future revenue, the modular nature of EveraMOD greatly speeds the time from the initial booked sale to the recognition of revenue milestones, right up to delivery and commissioning. One national account alone is forecast to do $5 million in sales per year.
"I can speak today about our first national account that we’ve just recently secured—a big, major commercial account," shared Mr. Early. "They are investing in and want green technology, durable, sustainable infrastructure solutions. After understanding the value proposition that is the EveraMOD product, that infrastructure solution we’ve created, they adopted it as their preferred and specified solution. So, that product line, just that one customer right there, will contribute at least another two and one half million dollars in top-line revenue to the pump station product line by the end of this year. It could potentially reach 5 million next year, just with that one customer."
"As a result of the expansion of this product line, OriginClear is now staffing it up as its own standalone division and may spin it off as our next independent company as part of the Clean Water Innovation Hub," said Riggs Eckelberry, OriginClear CEO. "I’m very proud of Dan Early and the whole Modular Water team, who are making this rapid expansion happen."
"And I think it's very indicative of the major trend we're seeing in the infrastructure world where end users and public utilities want these roughly 100-year lifecycle solutions for the structure, added Dan Early. "And that's what the EveraMOD is. It's a turnkey, single point of delivery infrastructure solution with up to a 100-year structural service life."
Because EveraMODs are standardized, they can be rolled out just like cell towers. Simply manufactured, sent out, and put in place exactly where they are needed. The seamless process can make sales highly replicable.
"People love them. They are just like, wow, these are amazing. This is exactly what we're looking for. The sizes are right, pricing is excellent, and the quality is there," shared Tom Marchesello, OriginClear’s Chief Operating Officer. "And now the guys are able to build these machines and quote these machines much quicker. We’re having a much faster turnaround and responsiveness to everybody so that we can produce more of this product line over and over again."
Replacement of badly-degraded pump stations is driving this expansion. Pump station networks are often long past their life cycle, which means they leak into the ground. Each year more than 32 billion m3 of treated water is lost through leakage from distribution networks (The Manager’s Non-Revenue Water Handbook). Cities lose up to 30% of their revenue through such losses, not to mention the impact on water scarcity which is causing major disruptions to regions such as the American southwest.
"A lot of these pump stations have been installed in the last 30 to 50 years and they have far exceeded their usable service life, which is as little as 25 years, and are now a contingent liability, a future liability," shared OriginClear Chief Engineer Daniel Early. "They have to either replace them with the same type or upgrade and install a newer solution, which is what the EveraMOD represents. It represents a solution that overcomes this durability challenge that these end users, vendors, and operators struggle with on a day-to-day basis."
Pump stations are composed of a shaft, a submersible pump, and controls. The global market for the submersible sewage pumps at the heart of EveraMOD systems is forecasted to double over the next decade to $21.6 billion by the end of 2031 (Transparency Market Research). Based on the ratio of pumps to total systems (7% to 10%), OriginClear estimates that the global market for complete pump stations could reach an estimated $220 billion in the same decade.
By using High-Density Polyethylene (HDPE) and Polypropylene (PP) plastics, EveraMOD Pump Stations leverage the inherent corrosion resistance of these superior materials to create the world’s toughest and most durable pump station structures that can last up to 100 years. This is very attractive for both cities and businesses.
"The message that we have been promoting and preaching into the industry about the durability and the sustainability as it relates to the EveraMOD pump station product line, the durability, and sustainability of the structural plastic vessels and those systems is really catching on very, very quickly," continued Mr. Early.
"The specifying and consulting engineers that specify these types of infrastructure solutions design them into their permitted construction documents. They are looking for those solutions. And what we are finding is now that we are established and have an installation base, and we have reputation and referrals; the regions where we are working, we are starting to see rapid adoption of the pump station product line," added Early.
About OriginClear Inc.
Once a government monopoly, clean water is going private. Local industries and communities are now treating and recycling their own water, 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, and now the innovative fintech, Water On Demand™, is fueling this movement. For the first time, Clean Water is becoming an investable asset, open to Main Street investors, with the potential for generational royalties. OriginClear® is the Clean Water Innovation Hub™ for both Water On Demand and Modular Water Systems™ – a leader in onsite, prefabricated systems made with sophisticated materials that can last decades. Get live weekly updates every Thursday by signing up at www.originclear.com/ceo.
For more information, visit the company’s website: https://www.originclear.com/
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OriginClear Safe Harbor Statement:
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.
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