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Despite record rainfall, California's drought is far from over
LOS ANGELES, Feb. 28, 2017 /PRNewswire/ -- OriginClear Inc. (OTC/QB: OCLN), a leading provider of water treatment solutions, today acknowledged the importance of focusing California's efforts on water conservation and reuse despite recent the recent heavy rains.
"California and other parts of America are experiencing record levels of rainfall this year," said Riggs Eckelberry, OriginClear CEO, in a recent interview conducted by Kinsley Street Investors Group. "But water waste is still a problem. For example, in California alone, nearly 60% of freshwater allocated to farming is lost to evaporation and runoff. And in Los Angeles, 80% of the rain goes into the ocean."
"The amazing rains of this season have given us a golden opportunity — to waste less water, clean it up for reuse, and be smarter about how we use it," continued Eckelberry. "OriginClear is here to help – with a breakthrough water treatment technology and a strong network of water treatment companies, including Progressive Water Treatment."
Last summer, OriginClear successfully completed a 60-day test of its technology in California's Kern County, to help thoroughly clean produced water from oil and gas operations for reuse in agriculture.
In a sign of increasing adoption by the oil and gas industry, this year's Hart Energy's latest DUG (Developing Unconventional Gas) conference will feature a water forum, which will "deliver insights on best practices and new technologies used in the sourcing, treatment, transport and disposal of water in drilling and completion of shale wells."
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ABT Holdings
Founded in 1957, ABT Holdings is a US based holding company headquartered in Pasadena, California. We currently trade on OTC Pink under the symbol OTC Pink: ABOT.
We provide public information on a timely basis. We release our annual report within 90 days from fiscal year end; and submit our quarterly reprot within 45 days after each fiscal quarter.
Who We Are
Founded in 1957, ABT Holdings is a US based holding company headquartered in Pasadena, California. We currently trade on OTC Markets under the symbol OTC Pink: ABOT.
We have recently diversified our asset portfolio in the Mobile Claims Documentation and Management System for auto insurance industry through the acquisition of AutoClaim App and into an “On Demand” door to door messenger, courier and delivery service company that primarily utilizes scooters and motorcycles along with cars to facilitate same day deliveries through the acquisition of Scoobeez.
Meet President
Shahan is our President and Director.
Email: shahan@abtholdings.com.
Transfer Agent
Michelle White, Columbia Stock Transfer
Email: michelle@columbiastock.com.
Fiscal Year
Our fiscal yeard end for reporting purpose is December 31.
Meet CFO
Imran Firoz is our CFO and Director.
Email: imran@abtholdings.com.
Legal Counsel
Ken Bart Esq, Bart and Associates, LLC
Email: kbart@kennethbartesq.com
Our Markets
We trade on OTC Markets under the symbol OTC Pink: ABOT.
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Riggs update:
Good morning!
They call them "Atmospheric Rivers", essentially rivers in the sky that carry vast amounts of moisture. Like a fire hose, they have bombarded central and northern California, repeatedly.
“We usually see three or four atmospheric rivers in a season,” Scott McGuire, a meteorologist with the National Weather Service office in Reno, told the San Francisco Chronicle. “We’ve already had 10. We’ve had so much snow to the point where it’s getting hard to measure.”
People are starting to complain. Too much rain! Too much snow!
The Stats
Only 17% of the state remains in a drought — primarily in Southern California — the lowest percentage since 2011...
For the first time since 2013, none of the state is listed in "extreme" drought.
The new numbers represent a drastic decrease. Three months ago, drought covered 73% of California. One year ago, that number was 95%.
California’s Natural Resources Agency said Wednesday that the water contained in the state’s snowpack is 188 percent of normal.*
Snowblowers worked to clear 150 lane miles of I-80 while snow continued to fall on Donner Pass, Wednesday January 11, 2017. USA Today (Photo: Caltrans)
So... are we good?
Far from it!
It would take years of heavy rains to recharge our badly depleted aquifers.
And... 80% of the rain that falls on Los Angeles still drains straight into the ocean.
The amazing rains of this season have given us a golden opportunity — to waste less water, to clean it up for reuse, to be wiser about how we use it.
We're working with smart, motivated people in water agencies — and in the petroleum industry — to help make this happen.
Investor Update
Kinsley Street Investors, our East Coast investor relations team, just interviewed me over the weekend.
Special Investor List
Have you heard about our special list for accredited investors only? You'll receive occasional news about investments in OriginClear**.
To sign up, just reply to this email, and I'll put you on the list!
Membrane Technology Conference
As promised, Bill Charneski and I plan met with water experts at the American Water Works Association's conference in Long Beach.
All I can say for now is... we had a number of very productive discussions. More to follow!
Have a great week.
Riggs and Team
Riggs Eckelberry
President & CEO
OriginClear, Inc. (OCLN)
Additional payments received
JERUSALEM, PRNewswire/ —
Oramed Pharmaceuticals Inc. (NASDAQ: ORMP) (http://www.oramed.com), a developer of oral drug delivery systems, today announced it has received an additional milestone payment of $4 million from Hefei Tianhui Incubator of Technologies Co. Ltd. (HTIT). This milestone is part of a previously-announced license and investment agreement between Oramed and HTIT, and follows recent milestone payments of $4 million and $6.5 million.
About Oramed Pharmaceuticals
Oramed Pharmaceuticals is a platform technology pioneer in the field of oral delivery solutions for drugs currently delivered via injection. Established in 2006, Oramed’s Protein Oral Delivery (PODTM) technology is based on over 30 years of research by scientists at Jerusalem’s Hadassah Medical Center. Oramed is seeking to revolutionize the treatment of diabetes through its proprietary flagship product, an orally ingestible insulin capsule (ORMD-0801). The Company completed multiple Phase II clinical trials under an Investigational New Drug application with the U.S. Food and Drug Administration. In addition, Oramed is developing an oral GLP-1 analog capsule (ORMD-0901).
Oramed's Combination Therapy
The combination therapy of insulin and GLP-1 analogs have shown to be highly effective at achieving optimal blood sugar control without an increased risk for low blood sugar.
In addition, patients on a combination-therapy regimen have been shown to lose weight during treatment.
Both insulin and GLP-1 analogs are currently only available via injection. Oramed is pursuing an oral combination therapy for the management of T2DM, by bringing together the advantages of ORMD-0801 and ORMD-0901.
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Management team:
(from the website) We partner early. We’re comfortable with the rough imperfection of a new venture. We help founders from day zero, when the DNA of their businesses first takes shape.
Our management team is comprised of industry professionals with expertise across a diverse range of industries including but not limited to software development, information technology, finance, investing, M&A and corporate development.
We are managed by a cohesive, multi-cultural, and seasoned professionals who take pride in delivering sustainable results for our shareholders.Our senior management team on an average has over 15 years of experience in relevant sectors.
ORMD 0801 – ORAL INSULIN CAPSULE FOR T2DM - in the pipeline
Diabetes is a chronic condition characterized by hyperglycemia, or elevated blood glucose levels. If left untreated, diabetes may lead to complications such as cardiovascular disease, chronic renal failure, retinopathy and amputations.
Type 2 diabetes (T2DM) is a progressive disease characterized by impaired ß cell function and insulin resistance. There are over 340 million type 2 diabetics worldwide with an economic burden of close to half a trillion dollars annually.
Orally administered insulin should bring with it enhanced patient compliance. In addition, intestinally absorbed-oral insulin actually mimics insulin’s natural location and gradients in the body by first passing through the liver before entering the bloodstream.
Oramed’s oral insulin (ORMD-0801) has the potential to create a new paradigm in the treatment of diabetes by oral delivery of insulin at an earlier stage of treatment, potentially slowing disease progression and delaying or even eliminating late-stage complications.
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