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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Originclear Inc (PK) | USOTC:OCLN | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0002 | -2.86% | 0.0068 | 0.0066 | 0.007 | 0.0071 | 0.0068 | 0.0069 | 275,001 | 18:56:34 |
OOIL: First signed agreement for CLEAN-FRAC process with Pearl H2O water treatment firm. Royalty payments expected in 2013.
By Ian Gilson, CFA
OriginOil (OOIL) has granted a non-exclusive license agreement to Pearl H2O for the integration of OriginOil's CLEAN_FRAC water treatment process into Pearl's frac water clean-up system. This system has been tested to safe water standards. Pearl H2O is a newly funded company with experience in agricultural drain-water treatment. Funding is from shareholders of PACE, which had validated the early testing of the CLEAN_FRAC process.
This is the first potential commercial application of the process and OriginOil expects to be paid, on a royalty basis from the revenue paid to Pearl, starting in early 2013.
Please visit Ian Gilson's coverage page at scr.zacks.com to access a free copy of the full research report.
1 Year Originclear (PK) Chart |
1 Month Originclear (PK) Chart |
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