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Up almost 8% today...
Two US companies win the 2016 China BlueTech Awards
Posted at Working With Water
Los Angeles based industrial wastewater specialist, OriginClear, and Milwaukee-based stormwater company, PaveDrain have won the first ever China BlueTech Awards.
OriginClear and PaveDrain competed against a field of 30 water and wastewater technology companies from Europe, Israel, and North America, all focused on demonstrating their technology’s readiness for China market. Entrants included a wide spectrum of small and large capitalization companies with solutions across key industry submarkets, including industrial, municipal, biosolids, and stormwater.
The judges were impressed by OriginClear’s advanced water cleanup technology, Electro-Water Separation™ (EWS), which is based on electrochemistry and will tackle China’s most recalcitrant type of pollutants. Scalable, with a low operational cost, it will be incorporated as a modular add-on to existing water treatment sites in China or built as a standalone process flow.
PaveDrain’s solution for stormwater also captured the attention of the judges. The PaveDrain® system was created under the premise of allowing stormwater runoff from streets, roads, roofs and parking lots to quickly infiltrate into the ground. This places less stress on the sewer systems, can help reduce localized flooding and helps water infiltrate back into the groundwater table. Following over three years of research and development in North America, PaveDrain is now strategically aligning with China’s Sponge City initiative to bring its infiltration system to China.
I’ve never seen my brother so happy!
From: Riggs Eckelberry
Good morning!
I’m about to give you a sneak peek at a video now in production.
Cool drone views
It opens with some cool drone footage of a water storage facility in the Bakersfield area.
The facility is operated by the cooperative that manages the Produced water for most of the Kern County oil producers.
“A very elegant job”
Here’s Christine Zimmerman, Regulatory Affairs Advisor for the cooperative, discussing the ECOPOD, which is powered by OriginClear technology:
“…what will be useful about this is that it’s not consumptive of chemicals, doesn’t bring additives into the process, but it does a very elegant job of pretreating the water so that then you can pass it through, for instance, a reverse osmosis membrane… and not destroy the membrane.”
Thank you Christine, “elegant” is a great way to describe it!
Fast-forward to 2’45”, and Nicholas Eckelberry, OriginClear co-founder and chief inventor who also serves as ECT’s senior consultant… drinks the water that only moments ago was full of crude and chemicals!
I’ve never seen my brother so happy.
This is the culmination of nearly a decade’s hard work.
Click on the image to view the video!
Very well done to Nicholas and the whole ECT and OriginClear teams!
Earnings News
Did you miss our earnings report? It’s here.
At the half-year mark, a roughly 2000% rise in both revenues and gross profit!
That’s the hard work of our Progressive Water Treatment division, headed by President Marc Stevens. Keep up the great work guys…
Today, I’m a happy CEO.
Have a great week!
Riggs and Team
Riggs Eckelberry
President & CEO
OriginClear, Inc. (OCLN)
inching up in the PM - after this morning's seesaw trading
Riggs update
Good morning!
I'm about to give you a sneak peek at a video now in production. Check it out here.
Cool drone views
It opens with some cool drone footage of a water storage facility in the Bakersfield area.
The facility is operated by the cooperative that manages the Produced water for most of the Kern County oil producers.
"A very elegant job"
Here's Christine Zimmerman, Regulatory Affairs Advisor for the cooperative, discussing the ECOPOD, which is powered by OriginClear technology:
"...what will be useful about this is that it's not consumptive of chemicals, doesn't bring additives into the process, but it does a very elegant job of pretreating the water so that then you can pass it through, for instance, a reverse osmosis membrane... and not destroy the membrane."
Thank you Christine, "elegant" is a great way to describe it!
Fast-forward to 2'45", and Nicholas Eckelberry, OriginClear's co-founder and chief inventor who also serves as ECT's senior consultant... drinks the water that only moments ago was full of crude and chemicals!
I've never seen my brother so happy.
This is the culmination of nearly a decade's hard work.
Click on the image to view the video!
20160813 Nicholas After Drinking The Water
Very well done to Nicholas and the whole ECT and OriginClear teams!
Earnings News
Did you miss our earnings report? It’s here.
At the half-year mark, a roughly 2000% rise in both revenues and gross profit!
That's the hard work of our Progressive Water Treatment division, headed by President Marc Stevens. Keep up the great work guys...
Today, I'm a happy CEO.
Have a great week!
Riggs and Team
Riggs Eckelberry
President & CEO
OriginClear, Inc. (OCLN)
could be huge potential for the company's proprietary clean water technology
Smart strategy IMHO: The company continues to pursue its acquisition strategy, responsible for these increases. “We are being very selective,” said Bill Charneski, President of the OriginClear Group™. “We have declined more than a dozen opportunities presented to us in order to focus on the right ones. We are confident that the current set of prospective acquisitions, if consummated, will help position us for growth in the new era of decentralized water treatment.”
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Oramed Announces $6.5 Million Milestone Payment from HTIT
Payment comes in wake of positive topline phase IIB results
JERUSALEM,/PRNewswire/ — Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) (www.oramed.com), a developer of oral drug delivery systems, today announced that Hefei Tianhui Incubator of Technologies Co. Ltd. (HTIT) is transferring a $6.5 million milestone payment from the previously-announced license and investment agreement between Oramed and HTIT. The payment follows Oramed’s positive top-line results from its Phase IIb U.S. Food and Drug Administration trial designed to evaluate the safety and efficacy of Oramed’s oral insulin capsule ORMD-0801 in patients with type 2 diabetes.
Per the terms of the agreement signed in December 2015, Oramed granted HTIT exclusive rights for commercialization of ORMD-0801 in Greater China. The up to $50 million license deal includes multiple milestone payments aggregating $38 million, with a $3 million upfront payment received by Oramed upon execution of the agreement, plus a $12 million investment made by HTIT in Oramed at $10.39 per share in December 2015. Oramed will receive a 10% royalty on net sales of ORMD-0801 and related commercialized products in Greater China.
“The completion of this milestone signifies our deepening partnership with HTIT as we move closer to bringing oral insulin to the vast and growing Chinese diabetes market,” said Nadav Kidron, CEO of Oramed.
“The positive Phase IIb data has further illustrated the huge potential this technology can have in China,” said HTIT CFO & Oramed Board Member Xiaopeng Li. “We are working diligently to lay the groundwork for the successful production and commercialization of ORMD-0801 focused on the Greater China market.”
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