OriginClear also purchased approximately 9% of Water Technologies common stock, and lent additional funds, helping Water Technologies finalize its acquisition of West Palm Beach-based WaterZone, which has specialized, for over 30 years, in complete system design, installations and maintenance for commercial, industrial and residential customers through Florida.
The Technical Assistance Program fee, another part of OriginClear's licensing agreement, was paid to OCLN in WTII preferred shares. The license also calls for standard royalty payments to OriginClear. http://money.cnn.com/news/newsfeeds/articles/...A25200.htm