OriginClear, Inc.

Overview

OriginClear, Inc. (OCLN) is a Nevada corporation incorporated June 1, 2007. The company operates in the water sector through its subsidiary Water On Demand, Inc. (WODI) and positions itself as the Clean Water Innovation Hub™ (CWIB). OriginClear incubates and launches water-related ventures, pursues strategic acquisitions, and prioritizes financing, development, and support of WODI.

WODI consolidated the company’s operating units in 2023 and continues to expand operations. In December 2025 OriginClear entered a 50/50 joint venture with Environmaintenance to operate a fleet of wastewater pump trucks.

Operating units

• Progressive Water Treatment (PWT)

  • Operating unit within WODI based in Sherman, Texas.
  • Designs, builds, programs, and services engineered water treatment systems for municipal, industrial, and pure water applications.
  • Process technologies include reverse osmosis, ultrafiltration, media filtration, disinfection, water softening, ion exchange, and SCADA-based controls; solutions can be skid-mounted, rack-mounted, or containerized.
  • Offers maintenance contracts, retrofits, equipment replacement, and equipment rentals.
  • Historically generated the largest portion of the company’s revenue.
  • Approximately 25 employees within PWT (within the WODI structure).

• Water on Demand (WOD)

  • Development-stage unit offering outsourced water treatment as a service with pay-per-gallon or flat-fee pricing using a Design-Build-Own-Operate (DBOO) model.
  • Initially may build and maintain systems financed by WODI, then expand through regional water service providers under performance contracts.
  • Aims to scale via a network of regional partners.

• Modular Water Systems (MWS)

  • Discontinued as of May 8, 2025; wind-down completed prior to December 31, 2025.
  • Patents related to MWS were retained by Dan Early, with a settlement in May 2025 releasing liability between the parties.

Joint ventures and strategic investments

• Block40X Inc. JV (formed Sept. 16, 2025)

  • Wyoming LLC, 50/50 ownership between OriginClear and Block40X Inc.
  • Purpose: develop and manage Bitcoin mining facilities in the U.S.
  • OriginClear granted Block40X restricted stock equivalent to approximately 5% of common shares outstanding at the JV’s effective date.
  • Accounted for under the equity method (ASC 323); no material impact on consolidated financials as of 12/31/2025.

• Bitmern Investments LLC JV (formed Sept. 26, 2025)

  • Florida LLC, ownership 60% Bitmern and 40% OriginClear.
  • Purpose: finance, develop, construct, and manage large-scale Bitcoin mining hosting facilities (pilot up to 500 MW in the U.S.).
  • Accounted for under the equity method (ASC 323); no material impact as of 12/31/2025.

• Environmaintenance JV (Dec. 2025)

  • 50/50 joint venture to operate a fleet of wastewater pump trucks.

Intellectual property and branding

• Trademarks

  • ORIGINCLEAR registered in the U.S. (Registration Nos. 7,296,730 and 7,296,731; issued Feb 6, 2024).
  • WATERPRNEUR (U.S. registration 90,471,071); The Blue Gold (international); WATER ON DEMAND (U.S. registration 9,809,9605).
  • The $H2O trademark program has been pursued in multiple jurisdictions; the company withdrew a Mexico filing on Oct. 16, 2025 with the option to refile.

• Patents and applications

  • Patent application filed for a “Blockchain-Validated Control System for Automated Water Treatment Operations” (patent number 19544387), currently pending.

• Protection approach

  • Uses trade secrets, confidentiality agreements, patents, trademarks, and copyrights to protect proprietary know-how.

People and facilities

• Employees

  • Approximately 32 full-time employees company-wide as of the filing date.
  • PWT employs about 25 people.

• Facilities

  • Principal manufacturing and operations: 5225 W. Houston Street, Sherman, TX 75092.
  • Facility size: approximately 21,300 square feet; multi-year lease effective July 1, 2024; 61-month term with an option to renew for 60 months; leased from Nick & Son’s Construction LLC.
  • Facilities support engineering, 3D CAD design, PLC-based control systems, and on-site fabrication (machining, welding, assembly).

Market positioning and strategy

• Market focus

  • Targets customers requiring compact, advanced, on-site water treatment solutions that can be shipped to the point of use.
  • End users include hotels and resorts, real estate developments, office buildings, government and military installations, schools, farms, food and beverage manufacturers, industrial facilities, oil and gas producers, and medical and pharmaceutical facilities.
  • Competitors include system integrators and regional players such as PureAqua, Harn RO, and Membrane Specialists.

• Growth initiatives

  • Expand WODI sales, partnerships, and the sales pipeline.
  • Standardize modular designs to improve scalability and production efficiency.
  • Pursue domestic and international expansion through joint ventures and partnerships.
  • PWT reported a 55% year-over-year revenue increase in 2025 and the company expects continued growth into 2026 as 2025 projects are completed.

Selected financials (as of 12/31/2025)

• Net loss: $(13,558,351) for 2025; $(18,970,789) for 2024.
• Operating loss: $(3,323,046) for 2025.
• Working capital deficit: $(19,036,232) in 2025; $(45,437,508) in 2024.
• Shareholders’ deficit: $(28,382,938) in 2025; $(54,857,588) in 2024.
• Aggregate accumulated deficit: $(155,711,198) as of 12/31/2025.
• Convertible promissory notes outstanding: $2,617,692 (as of 12/31/2025), comprising $597,944 in current notes and $2,019,748 in long-term notes. These notes are convertible at a discount and create potential dilution.
• The company trades on OTC Pink.

Risk factors and context

• The company has a history of operating losses and may require additional capital to continue operations.
• Auditors’ reports include a going-concern consideration.
• Outstanding convertible instruments create potential dilution.
• The company relies on strategic partners and may face tariff-related price adjustments on contracts.
• There are potential costs and risks associated with protecting and enforcing intellectual property rights.

Contact and locations

• Principal offices: 600 Cleveland Street, Clearwater, FL 33755
• Primary manufacturing facility: 5225 W. Houston Street, Sherman, TX 75092

Summary: OriginClear operates as a water-innovation hub focused on modular, on-site water treatment solutions through PWT and a service offering developed by Water on Demand under WODI. The company pursues growth via partnerships and joint ventures, maintains a portfolio of IP and trademarks, and is managing ongoing capital and profitability challenges while scaling operations.