Sets new HQ at LACI’s La Kretz Innovation Campus, plans to mentor water startups
OriginClear Inc. (OTC/QB: OOIL), a leading provider of water treatment solutions, today announced that it has agreed to become a strategic partner of the Los Angeles Cleantech Incubator (LACI), a non-profit organization led by the City of Los Angeles and its Department of Water and Power (LADWP), that helps local companies accelerate the commercialization of clean technologies. OriginClear has relocated its headquarters to the La Kretz Innovation Campus (La Kretz) in downtown Los Angeles and intends to support the cleantech community by mentoring entrepreneurs in the newly-formed cluster of water technology startups.
OriginClear is a longtime supporter of initiatives such as CleanTech Los Angeles, the California Business Alliance for a Clean Economy, and the Sustainable Business Council of Los Angeles.
“We have built big, all the way to commercial scale, at our mid-city headquarters,” said Riggs Eckelberry, OriginClear CEO. “Now we’ve turned high tech and the more than $5 million in testing and prototyping equipment at La Kretz is exactly what we need to support our scientific programs and export our technology.”
Eckelberry added, “We are excited that our own Department of Water and Power is funding a major portion of La Kretz, with an R&D lab and demonstration labs. LADWP is the most innovative municipal utility in the nation, making this the most exciting place to be for water in the United States, and perhaps the world.”
LACI is a world-class technology incubator, recently ranked #3 on the list of World Top University Associated Business Incubators for 2015, from a field of more than 1,200 incubators worldwide.
“As we acquire more fast-growing companies in the water services sector, our new base at La Kretz will be a major asset,” said Bill Charneski, President of the OriginClear Group. “Our subsidiaries throughout the USA will be able to tap resources far beyond what is available to them locally.”
In addition to its Los Angeles technology center, OriginClear maintains an active partnership with California State University at Bakersfield (CSUB), where it is helping to develop methods to safely reuse produced water for irrigation, and also helping oil industry workers train for careers in water reclamation.
OriginClear is rapidly increasing its capabilities by acquiring profitable companies that provide systems and services to treat water in a wide range of industries, such as municipal, pharmaceutical, semiconductors, industrial, and oil & gas. It completed the acquisition of the first such company, Dallas-based Progressive Water Technology (PWT), on 1 October, 2015.