OriginOil, Inc., the developer of a breakthrough energy production process for the oil and algae industries, announced today that intends to license its proprietary Clean-Frack™ process under private label to firms offering oil and gas water treatment solutions, in a first deployment of the “Powered by OriginOil™” brand.
OriginOil, Inc., the developer of a breakthrough energy production process for the oil and algae industries, announced today that intends to license its proprietary Clean-Frack™ process under private label to firms offering oil and gas water treatment solutions, in a first deployment of the “Powered by OriginOil™” brand. Design integration has begun with a first prospective licensee.
“Cleanup firms can integrate Clean-Frack seamlessly into their systems and under their own brand. We see this as the way to distribute our breakthrough process in the shortest possible time.”
“Because it can get 98% of the contaminants out of frack water, our process positions as the first stage for cleanup systems,” said Riggs Eckelberry, OriginOil CEO. “Cleanup firms can integrate Clean-Frack seamlessly into their systems and under their own brand. We see this as the way to distribute our breakthrough process in the shortest possible time.”
Eckelberry added, “A first prospective licensee has already done substantial design integration and is enjoying very positive customer feedback. We expect to announce our first tie-up in the very near future.”
Under a typical private label scenario, OriginOil might grant a non-exclusive license to bundle OriginOil’s high-speed and chemical-free Clean-Frack technology into a licensee’s frack water cleanup system, with royalties derived from a share of revenues.
Source: Your Oil & Gas News.