Taxing Our Drinking Water? Let the Rates Do The Work Instead
LOS ANGELES--(BUSINESS WIRE)--May 2, 2019--OriginClear Inc. (OTC: OCLN ), a leader in providing water treatment solutions headquartered in Los Angeles, CA, wants to improve California Governor Gavin Newsom’s proposal to tax drinking water for underprivileged communities. It’s a simple idea that it says will actually save money for water users.
“For sure, let’s help the at-risk communities,” said Riggs Eckelberry, OriginClear CEO. “But the state needs to balance the new tax with rate relief. And that’s pretty simple: promote localized water treatment.”
Eckelberry explained that the water rate structure in most of California’s areas heavily penalizes high water use. New prepackaged, onsite water treatment systems, such as the company’s Modular Water Treatment product line, can reduce usage dramatically through recycling, which in turn saves money and water, too.
“You can build a 200-home subdivision, put in a self-treatment water system, water the lawns and golf course with your own recycled water, and the whole half-million dollar system could pay for itself in about a year,” he added.
In 2016, Eckelberry predicted in a featured article in trade magazine’s Water Online guest column, “ The Water Revolution: Moving To A Decentralized System ”, that a new era of self-help water treatment for businesses, factories, housing developments and farms is evolving. In it, he suggested that “instead of rebuilding our current infrastructure, we can equip water users to treat their own water with small, modular water treatment systems that can be built and installed locally, moving toward a decentralized structure.”
To realize this vision, the company launched its Modular Water Systems division, which specializes in complete, prefabricated water treatment systems that can be positioned at the point of use. With onsite water systems, consumers get access to clean water and save on water rates.
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About OriginClear, Inc.
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. As a leading provider of water treatment systems, our mission is to provide expertise, technology, and capital to help make clean water available for all. We license our breakthrough technology worldwide to treat heavily polluted waters and also remove harmful micro-contaminants from drinking water, using minimal energy, chemicals, and materials. Our wastewater treatment technology is called Electro Water Separation with Advanced Oxidation. The OriginClear Group is building a network of profitable water service companies to expand our global market presence and our technical expertise. And now, we are deploying our blockchain-based WaterChain ™ initiative to fund next-generation water recycling systems that can propel the world’s water supply forward into a cleaner future. Water is our 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.
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.
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CONTACT: Adra Darling
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SOURCE: OriginClear Inc.
Copyright Business Wire 2019.
PUB: 05/02/2019 08:30 AM/DISC: 05/02/2019 08:30 AM