UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
Current Report
Pursuant To Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): April 10, 2015
ORIGINCLEAR, INC.
(Name of registrant as
specified in its charter)
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Nevada
(State or other jurisdiction of
Incorporation or organization)
5645 West Adams Boulevard
Los Angeles, California
(Address of principal executive offices)
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333-147980
(Commission File Number)
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26-0287664
(I.R.S. Employer
Identification Number)
90016
(Zip Code)
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Registrant’s telephone number,
including area code:
(323) 939-6645
OriginOil, Inc.
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.02 Unregistered Sales of Equity Securities.
On April 2,
2015, a holder of convertible promissory notes converted an aggregate principal and interest amount of $115,558 into an aggregate
of 3,383,822 shares of the common stock of OriginOil, Inc. (the “Company”).
On
April 10, 2015, the Company’s Board of Directors authorized the issuance of 1,000 shares of Series A Preferred Stock (the
“New Series A Preferred Stock”) to the Company’s Chief Executive Officer and Director, T. Riggs Eckelberry. The
terms of the New Series A Preferred Stock are discussed more fully in Item 3.03 of this filing.
The securities
above were offered and sold pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities
Act, as amended since, among other things, the transactions did not involve a public offering.
Item 3.03
Material Modification to Rights of Security Holders.
On
April 10, 2015, the Company filed a Certificate of Designation for its New Series A Preferred Stock with the Secretary of State
of Nevada designating 1,000 shares of its authorized preferred stock as New Series A Preferred Stock. The shares of New Series
A Preferred Stock have a par value of $0.0001 per share. The New Series A Preferred Shares do not have a dividend rate or liquidation
preference and are not convertible into shares of common stock.
For
so long as any shares of the New Series A Preferred Stock remain issued and outstanding, the holders thereof, voting separately
as a class, shall have the right to vote in an amount equal to 51% of the total vote (representing a super majority voting power)
effecting a name change of the Company. Such vote shall be determined by the holder(s) of a majority of the then issued and outstanding
shares of New Series A Preferred Stock. For example, if there are 10,000 shares of the Company’s common stock issued and
outstanding at the time of a shareholder vote, the holders of the New Series A Preferred Stock, voting separately as a class, will
have the right to vote an aggregate of 10,408 shares, out of a total number of 20,408 shares voting.
The
shares of the New Series A Preferred Stock shall be automatically redeemed by the Company at their par value on the first to occur
of the following triggering events: (i) 90 days following the date on which this Certificate of Designation is filed with the Secretary
of State of Nevada, (ii) on the date that Mr. Eckelberry ceases, for any reason, to serve as officer, director or consultant of
the Company, or (iii) on the date that the Company’s shares of common stock first trade on any national securities exchange
provided that the listing rules of any such exchange prohibit preferential voting rights of a class of securities of the Company,
or listing on any such national securities exchange is conditioned upon the elimination of the preferential voting rights of the
New Series A Preferred Stock set forth in this Certificate of Designation.
Additionally,
the Company is prohibited from adopting any amendments to the Company’s Bylaws, Articles of Incorporation, as amended, making
any changes to the Certificate of Designation establishing the New Series A Preferred Stock, or effecting any reclassification
of the New Series A Preferred Stock, without the affirmative vote of at least 66-2/3% of the outstanding shares of New Series A
Preferred Stock. However, the Company may, by any means authorized by law and without any vote of the holders of shares of New
Series A Preferred Stock, make technical, corrective, administrative or similar changes to such Certificate of Designation that
do not, individually or in the aggregate, adversely affect the rights or preferences of the holders of shares of New Series A Preferred
Stock.
The
adoption of the New Series A Preferred Stock and its issuance to Mr. Eckelberry was taken to allow the Company to effect a name
change of the Company. This description of the Certificate of Designation is only a summary and is qualified in its entirety by
reference to the full text of the form of the Certificate of Designation as attached to this Current Report on Form 8-K as Exhibit
3.1.
Item 5.01 Changes
in Control of Registrant.
On
April 10, 2015, the Company authorized the issuance of 1,000 shares of New Series A Preferred Stock to the Company’s Chief
Executive Officer and Director, T. Riggs Eckelberry. As a result of the super majority voting power of the New Series A Preferred
Stock described above, Mr. Eckelberry will have the power to control the voting of shares of common stock of the Company with respect
to a name change of the Company and as such on such date, a change in control occurred.
On
April 10, 2015, Mr. Eckelberry beneficially owned 793,602 shares of the Company's common stock (representing less
than 1% of the outstanding common stock on such date). Such shares do not include 40,000,000 shares of common stock subject
to a restricted stock award grant made to Mr. Eckelberry on November 13, 2014. Upon the issuance of the 1,000 shares of the
Company’s New Series A Preferred Stock, Mr. Eckelberry had the voting equivalent of 61,833,774
shares
of common stock or approximately 51% of the Company's voting stock as of April 10, 2015.
Item 5.02 Departure of Directors
or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
April 10, 2015, the Board of Directors of the Company appointed Jean-Louis Kindler, age 52, as an executive officer with the title
Chief Operating Officer.
Mr.
Kindler has served as the Company’s Chief Commercial Officer since April 1, 2014 and director since January 2014. Mr. Kindler
is a veteran of 25 years as both a top executive and engineer in environmental technologies. He joined the Company after three
years as co-founder in 2010 of Ennesys, the company’s French joint venture, where he designed its acclaimed patent-pending
waste-to-energy system. Prior to that from 2006 to 2009, he served as CEO of MHS Equipment, a French nanotechnologies equipment
manufacturing firm, where he led the development of a revolutionary fuel cell process. Earlier in his career he spent twenty years
in Japan which gave him a unique insight into the fast-growing Asian markets. There, as principal of incubator Pacific Junction
Corporation, Mr. Kindler completed various assignments such as technology sourcing for the French industrial group Alstom, implementing
a hydrogen production system using waste biomass as feedstock, and developing the market for a fluids mixing technology that helped
inspire early the Company inventions. Mr. Kindler holds a Masters in Economics and Public Policies from the Institute of Political
Sciences in Lyon, France, and an MBA in International Management.
Mr.
Kindler has no family relationship with any of the Company's executive officers or directors. There are no arrangements or understandings
between Mr. Kindler and any other person pursuant to which he was appointed as the Chief Operating Officer.
Since
April 1, 2014, Mr. Kindler has served as the Company’s Chief Commercial Officer in a non-executive officer capacity.
Under the terms of an employment agreement with Mr. Kindler entered into on March 25, 2014, effective April 1, 2014, Mr.
Kindler is entitled to a base salary of $144,000 per annum and a sales commission ranging from 2% to 3% of monthly sales
depending on the amount of monthly sales, which commission may be changed from time to time. Mr. Kindler’s employment is on
an “at-will” basis however in the event that the Company terminates Mr. Kindler’s employment, Mr. Kindler
will be entitled to three months base salary plus relocation expenses not to exceed $20,000. The employment agreement
further provides that the Company intends to make a restricted stock award to Mr. Kindler and that he may participate in
the Company’s benefit plans. As previously reported, Mr. Kindler was granted a restricted stock award of 5,000,000
and 2,450,000 shares of common stock, respectively, on November 13, 2014 and March 27, 2015.
The
description of the employment agreement is only a summary and is qualified in its entirety by reference to a copy
of the employment agreement attached to this Current Report on Form 8-K as Exhibit 10.1.
Item 5.03 Amendments
to Articles of Incorporation or Bylaws; Change in Fiscal Year.
As
previously reported, on
June 3, 2014, the Company amended its Articles of Incorporation for
the creation of its Series A Preferred Stock (“Old Series A Preferred Stock”) which provided supermajority voting rights
to the holders of Old Series A Preferred Stock to i
ncrease the authorized share capital of the Company
.
On April 10, 2015, the Company filed a Certificate of Withdrawal of the Certificate of Designation of the Old Series A Preferred
Stock, a copy of which is attached to this Current Report as Exhibit 3.2.
On
April 10, 2015, the Company amended its Articles of Incorporation for the creation of its New Series A Preferred Stock. The rights
and privileges of the New Series A Preferred Stock are discussed more fully above, and the full text of the form of the Certificate
of Designation is attached to this Current Report on Form 8-K as Exhibit 3.1.
On
April 13, 2015, the Company amended its Articles of Incorporation by filing a Certificate of Amendment with the Secretary of State
of Nevada to effect a name change from “OriginOil, Inc.” to “OriginClear, Inc.” to more accurately describe
the Company’s business. The name change was approved by the Board of Director of the Company and holders of more than 50%
of the voting power of the Company’s capital stock on April 13, 2015. The Company’s ticker symbol and CUSIP remain
unchanged.
Item 8.01 Other
Events.
On
April 16, 2015, the Company issued a press release announcing the name change and appointment of Mr. Kindler. A copy of the press
release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial
Statements and Exhibits.
(d) Exhibits.
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3.1
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Series A Certificate of Designation of OriginOil, Inc.
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3.2
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Certificate of Withdrawal of Certificate of Designation of Series A Preferred Stock of OriginOil, Inc.
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3.3
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Certificate of Amendment of OriginOil, Inc.
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10.1
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Employment Agreement between OriginOil, Inc. and Jean-Louis Kindler
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99.1
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Press Release dated April 16, 2015
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SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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ORIGINOIL, INC.
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April 16, 2015
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By:
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/s/ T. Riggs Eckelberry
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Name:
T. Riggs Eckelberry
Title: Chief Executive Officer
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5
Exhibit 3.1
CERTIFICATE OF DESIGNATION
OF
ORIGINOIL, INC.
ESTABLISHING THE DESIGNATIONS, PREFERENCES,
LIMITATIONS AND RELATIVE RIGHTS OF ITS
SERIES A PREFERRED STOCK
On behalf of OriginOil,
Inc., a Nevada corporation (the "Company"), the undersigned hereby certifies that the following resolution has been duly
adopted by the board of directors of the Corporation (the "Board"):
RESOLVED, that, pursuant
to the authority granted to and vested in the Board by the provisions of the articles of incorporation of the Corporation (the
"Articles of Incorporation") and the provisions of Section 78.1955 of the Nevada General Corporation Law, there hereby
is created, out of the twenty five million (25,000,000) shares of preferred stock, par value $0.0001 per share, of the Company
authorized by the Articles of Incorporation, Series A Preferred Stock, consisting of one thousand (1,000) shares, which series
shall have the following powers, designations, preferences and relative participating, optional and other special rights, and the
following qualifications, limitations and restrictions:
SECTION 1. DESIGNATION
OF SERIES.
The shares of such series shall be designated as the "Series A Preferred Stock" (the "Series A Preferred
Stock") and the number of shares initially constituting such series shall be up to One Thousand (1,000) shares.
SECTION
2. DIVIDENDS.
The holders of the Series A Preferred Stock shall not be entitled to receive dividends paid on the Common
Stock.
SECTION 3. LIQUIDATION
PREFERENCE.
The holders of the Series A Preferred Stock shall not be entitled to any liquidation preference.
SECTION
4. VOTING.
4.1 Voting Rights.
The holders of the Series A Preferred Stock will have the shareholder voting rights as described in this Section 4 or as required
by law. For so long as any shares of the Series A Preferred Stock remain issued and outstanding, the holders thereof, voting separately
as a class, shall have the right to vote in an amount equal to fifty-one percent (51%) of the total vote effecting a name change
of the Company. Such vote shall be determined by the holder(s) of a majority of the then issued and outstanding shares of Series
A Preferred Stock.
For example, if
there are 10,000 shares of the Company's common stock issued and outstanding at the time of such a shareholder vote, the holders
of the Series A Preferred Stock, voting separately as a class, will have the right to vote an aggregate of 10,408 shares, out of
a total number of 20,408 shares voting.
4.2 Amendments
to Articles and Bylaws.
So long as the Series A Preferred Stock is outstanding, the Company shall not, without the affirmative
vote of the holders of at least 66-2/3% of all outstanding shares of Series A Preferred Stock, voting separately as a class (i)
amend, alter or repeal any provision of the Articles of Incorporation or the Bylaws of the Company so as to adversely affect the
designations, preferences, limitations and relative rights of the Series A Preferred Stock, (ii) effect any reclassification of
the Series A Preferred Stock, excluding a reverse stock split or forward split, or (iii) designate any additional series of preferred
stock, the designation of which adversely effects the rights, privileges, preferences or limitations of the Series A Preferred
Stock set forth herein.
4.3 Amendment
of Rights of Series A Preferred Stock.
The Company shall not, without the affirmative vote of the holders of at least 66-2/3%
of all outstanding shares of the Series A Preferred Stock, amend, alter or repeal any provision of this Certificate of Designation,
PROVIDED, HOWEVER, that the Company may, by any means authorized by law and without any vote of the holders of shares of the Series
A Preferred Stock, make technical, corrective, administrative or similar changes in this Certificate of Designation that do not,
individually or in the aggregate, adversely affect the rights or preferences of the holders of shares of the Series A Preferred
Stock.
SECTION 5. CONVERSION RIGHTS.
The shares
of the Series A Preferred Stock shall have no conversion
rights.
SECTION
6. REDEMPTION RIGHTS.
The shares of the Series A Preferred Stock shall be automatically, and without any required action by
the Company or the holders thereof, redeemed by the Company at their par value on the first to occur of the following triggering
events: (i) 90 days following the date on which this Certificate of Designation is filed with the Secretary of State of Nevada,
(ii) on the date that T. Riggs Eckelberry ceases, for any reason, to serve as officer,
director
or consultant of the Company, it being understood that if Mr. Eckelberry continues without interruption to serve thereafter in
one or more capacities as officer, director or consultant of the Company this shall not be considered a cessation of service,
or (iii) on the date that the Company's shares of common stock first trade on any national securities exchange PROVIDED, HOWEVER
that (a) the listing rules of any such exchange prohibit preferential voting rights of a class of securities of the Company, or
(b) listing on any such national securities exchange is conditioned upon the elimination of the preferential voting rights of
the Series A Preferred Stock set forth in this Certificate of Designation.
SECTION 7. NOTICES.
Any notice required hereby to be given to the holders of shares of the Series A Preferred Stock shall be deemed given if deposited
in the United States mail, postage prepaid, and addressed to each holder of record at his, her or its address appearing on the
books of the Company.
SECTION
8. MISCELLANEOUS
.
(a)
The headings of the various sections and subsections of this Certificate of Designation are for convenience of reference
only and shall not affect the interpretation of any of the provisions of this Certificate of Designation.
(b)
Whenever possible, each provision of this Certificate of Designation shall be interpreted in a manner as to be effective
and valid under applicable law and public policy. If any provision set forth herein is held to be invalid, unlawful or incapable
of being enforced by reason of any rule of law or public policy, such provision shall be ineffective only to the extent of such
prohibition or invalidity, without invalidating or otherwise adversely affecting the remaining provisions of this Certificate of
Designation. No provision herein set forth shall be deemed dependent upon any other provision unless so expressed herein. If a
court of competent jurisdiction should determine that a provision of this Certificate of Designation would be valid or enforceable
if a period of time were extended or shortened, then such court may make such change as shall be necessary to render the provision
in question effective and valid under applicable law.
(c)
Except as may otherwise be required by law, the shares
of the Series A Preferred Stock shall not have any powers, designations, preferences or other special rights, other than those
specifically set forth in this Certificate of Designation.
IN
WITNESS WHEREOF, this Certificate of Designations has been executed by a duly authorized officer of the
Company
on this____ day of April 2015.
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ORIGINOIL, INC.
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By:
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/s/ T. Riggs Eckelberry
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Name: T. Riggs Eckelberry
Title: Chief Executive Officer
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4
Exhibit 3.2
Exhibit 3.3
March 24, 2014
Jean-Louis Kindler
Re: Employment Offer
Dear Jean-Louis,
On behalf of OriginOil, Inc. (the “Company”),
I am pleased to offer you a position, under the following terms and conditions.
This offer expires at 5:00 p.m., PDT, on April
1, 2014, unless prior to that time you sign and return one copy of this letter to me in person or via fax or email.
Any equity issuances are subject to final Board approval.
Title: Chief Commercial Officer Job Summary:
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1.
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Develop and execute on the company’s commercialization strategy.
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2.
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Work with R&D, COO and the relevant Product Managers to bring products to limited
marketing, always with the ultimate purpose of private-labeling and licensing them; with the long-term highest priority of recruiting
Master Licensees for each application area.
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3.
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Ensure the company’s Product Managers are well served for sales and marketing
resources, and help them to achieve high-impact product rollouts.
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4.
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Manage the company’s Product Marketing and Marketing Communications including
website and social media, for maximum communications impact.
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5.
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Work with COO to develop and monetize a range of service offerings, including consulting,
training and certification and support contracts.
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6.
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Ensure that all market facing personnel use a customer relationship management (CRM)
system consistently, without fragmented offline other resources being used, such as spreadsheets. Help make the CRM a true workflow
system.
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a.
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Manage the company sales force as its Sales Director.
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b.
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Develop a network of channel partners (marketing partners, sales agents) and make
it productive. Manage channel conflicts.
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c.
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Develop sufficient sales from the limited marketing of products and services that
the company breaks even or better.
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8.
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Licensing Management: (you may hire an outside resource to manage this)
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a.
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Pursue OEMs and licensees, all non-exclusive.
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b.
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Pursue Master Licensees for the company’s various applications.
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9.
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Ensure that above all, the company does not become an equipment manufacturer but pursues
its licensing plan, with limited marketing of products being essentially a way to pilot products without expense.
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Employment Type:
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Full time (100%)
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Location:
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Los Angeles (on-site at 5645 W Adams Blvd,
Los Angeles 90016), or from home office as approved by your manager.
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Manager:
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CEO
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Base Compensation:
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$144,000 per annum, payable semi-monthly;
subject to company-wide modifications as they may occur from time to time during your employment (such as automatic raises for
all personnel) or as mutually agreed. A performance review will be conducted within 90 days of acceptance of this offer.
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Overrides:
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See Override Plan which follows. The Company
reserves the discretionary right to revise this commission system
with 30 days’ notice.
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Effective Date:
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April 1, 2014.
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Term of Employment:
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Your employment with the Company is “at-will";
however we agree to provide the following in the event that we terminate your employment unilaterally:
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1. Three months’ base salary
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2. Actual relocation expenses to Europe, not to
exceed $20,000.
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Nothing else in this letter creates a promise or representation
of continued employment for a term or limits the Company's right and power to terminate your employment
at any time.
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Breakthrough water cleanup technology for oil & gas, algae and other water-intensive industries
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Stock Options:
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The Company intends to make you a participant
in our Restricted Stock Agreement. Additional grants may be
made over time, at the Board’s discretion.
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Benefits:
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You will participate in all Benefits that
the Company has implemented or will in the future.
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We have implemented a full menu of health insurance and
other benefits under the management of TriNet Human Resources (www.trinet.com). A full package of information is available separately.
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Time Off:
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As per Exhibit C, attached. Subject to revision
without notice.
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Immigration:
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As a condition of your employment, you will
be required to furnish all necessary documentation that will satisfy the requirements of the Immigration Reform and Control Act
of 1986.
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Arbitration:
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Any dispute arising with respect to your
employment or the termination of your employment with the Company shall
be conclusively settled by final and binding arbitration in accordance with the arbitration procedures described in the attached
Employee Confidentiality and Inventions Agreement.
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Company Policies:
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From time to time you will be advised
of certain Company policies, including such policies as may from time to time be set forth in an employee handbook or similar document.
As a condition of your employment, you agree to comply with such policies.
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Enclosed are an Employee Confidentiality and Inventions
Agreement and a Termination Certificate. Our offer is contingent on your understanding and agreement, as evidenced by your signing
below, that: (i) you will execute the Employee Confidentiality and Inventions Agreement as a prerequisite to your employment; and
(ii) upon your termination, you will execute a Termination Certificate (or document containing similar provisions).
By signing this letter, you
acknowledge that the terms described in this letter, together with the enclosed Employee Confidentiality and Inventions
Agreement, sets forth the entire understanding between us and supersedes any prior representations or agreements between us,
whether written or oral. There are no terms, conditions, representations, warranties or covenants relating to your employment
other than those contained herein. No term or provision of this letter may be amended waived, released, discharged or
modified except in writing, signed by you and an authorized officer of the Company, except that the Company may, in its sole
discretion, adjust your salary, incentive compensation, benefits, job title, location, duties, responsibilities, and
reporting relationships.
Breakthrough water cleanup technology for oil & gas, algae and other water-intensive industries
Welcome to the team; we look forward to working with
you. Please feel free to contact me with any questions or concerns.
Please sign below and fax this offer and the relevant
exhibits back to my attention at 323-315-2308. These are the only documents we will require you to sign.
Sincerely,
/s/ Riggs Eckelberry
Riggs Eckelberry, Chief Executive Officer
Accepted:
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/s/ Jean-Louis Kindler
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March 25th, 2014
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Jean-Louis Kindler
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Date
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Breakthrough water cleanup technology for oil & gas, algae and other water-intensive industries
Exhibit
1
SALES
OVERRIDE SYSTEM
Please see
“Override Plan for Chief Commercial Officer 20131126b.xlsx”
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Stepped Commission Table
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Commission
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From
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$
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1
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to
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$
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50,000
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3.00
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%
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$
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0
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to
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$
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1,500
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$
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50,001
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$
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250,000
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3.00
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%
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$
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1,500
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to
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$
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7,500
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$
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250,000
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$
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1,000,000
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2.00
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%
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$
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5,000
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to
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$
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20,000
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$
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1,000,001
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$
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10,000,001
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2.00
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%
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$
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20,000
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to
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$
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200,000
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Monthly Sales:
Net cash receipts from all sales
from all customers
of the company
including licensing fees, and all service and support payments, after deduction for payments to external parties
such as distributors, resellers, channel partners, licensees and external commission agents, and exclusive of freight, insurance,
at-cost transactions and expense reimbursements, and after deduction for refunds and credits.
Breakthrough water
cleanup technology for oil & gas, algae and other water-intensive industries
Exhibit 99.1
OriginOil to Rename Company ‘OriginClear’
Rename positions the company to better serve wide
water cleanup market
Los Angeles – April 16, 2015 – OriginOil™
Inc. (OTC/QB: OOIL), developer of breakthrough water cleanup technology, announced OriginOil is now named OriginClear™ Inc.,
effective immediately. The company ticker symbol, OOIL, will remain unchanged.
“As our company has grown, it’s become apparent
that our technology can serve a vast number of markets in need of innovative water cleanup solutions,” said Riggs Eckelberry,
CEO of the newly named OriginClear. “The new name, OriginClear, reflects our proven ability to treat water to a very high
level of clarity.”
“We previously stated our intention to acquire
profitable companies in our sector,” added Eckelberry. “We believe the new name will help us integrate a wider variety
of companies in the water treatment industry.”
“While we plan to keep supplying proof-of-concept
machines to new licensees, we are not in the business of selling directly to end-users,” stated OriginClear’s newly-appointed
chief operating officer, “JL” Kindler. “We believe this strategy will help us distribute our technology widely,
without the tremendous capital investment required to build a large-scale manufacturing company. Also, we believe licensing will
help ensure that our channel partners never experience unfair competition from us.”
“Recent third party testing has shown that our
technology reduces all measures of non-soluble contamination to very low, or undetectable levels, essentially making the water
clear,” said Nicholas Eckelberry, co-founder and chief research officer. “That, then, is our mission and our name.”
OriginOil’s subsidiary, OriginOil Hong Kong, will
also be renamed OriginClear Hong Kong Inc.
As a separate application of its
water clarification process, OriginClear will continue to provide effective algae harvesting technology to licensees in that industry.
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About OriginClear, Inc.
OriginClear has developed a breakthrough water cleanup technology
for the oil & gas, algae and other water-intensive industries. Unlike other technologies, the company's patent-pending Electro
Water Separation™ process rapidly and efficiently removes organic material from large quantities of water without the need
for chemicals. For the oil & gas industry, OriginClear is helping clean up produced water and recycle fracking water, to reduce
harm to the environment and lower costs. For the emerging algae industry, OriginClear is making large-scale harvest possible. And
in aquaculture, OriginClear is helping improve yields and making seafood healthier by dramatically reducing the levels of toxic
ammonia and bacteria in water. For a world short on clean water, OriginClear is the lower-cost and cleaner answer. To learn more
about OriginClear®, please visit our website at www.originclear.com.
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.
Abstract
:
OriginOil to rename company ‘OriginClear’; rename positions
the company to better serve wide water cleanup market
Key Words:
originoil, OriginClear, OriginOil Hong Kong, originoil inc, ooil,
water management, Electro Water Separation, OriginClear, EWS, origin oil, waste water, flow back produced water, Riggs Eckelberry,
JL Kindler, Nicholas Eckelberry, OriginClear, Water Cleanup, water clarification
Contact:
Press Contact:
Antenna Group
Sarah Mier, 415-977-1947
originclear@antennagroup.com
or
Investor Relations:
OriginClear
Tom Becker
Toll-free: 877-999-OOIL (6645) Ext. 3
International: +1-323-939-6645 Ext. 3
Fax: 323-315-2301
ir@originclear.com
www.originclear.com