OCLN
Industry:
Capital Goods

DESCRIPTION

OriginClear is a small holding company operating primarily through its subsidiary Water On Demand (WODI), whose core revenue comes from Progressive Water Treatment (PWT), based in Sherman, Texas. PWT designs, engineers, and builds custom water treatment systems for industrial, municipal, and commercial customers, including municipalities, oil and gas producers, food and beverage manufacturers, farms, mining operations, and pharmaceutical facilities. PWT builds turnkey systems using technologies like reverse osmosis, membrane filtration, ion exchange, and SCADA-based controls, configured as skid-mounted, rack-mounted, or containerized units. PWT sells primarily through direct relationships with past customers and through manufacturers' representatives. Beyond one-time capital projects, PWT earns recurring revenue through maintenance contracts and equipment rentals. WODI is also developing a Water on Demand (WOD) unit, a Design-Build-Own-Operate model where customers pay per gallon or flat fees rather than purchasing equipment upfront — but this unit remains in the pilot stage. OriginClear positions its parent entity as a "Clean Water Innovation Hub" that incubates water-related businesses, though this has not yet generated meaningful standalone revenue. The company has also entered two Bitcoin mining joint ventures, representing a notable departure from its core water treatment focus. Near-term growth centers on expanding PWT's sales force, while longer-term strategy involves commercializing the WOD subscription model and pursuing international expansion.

Read full business overview →