$OCLN On News! The EveraMOD product line has reall
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Posted On: 10/21/2022 9:54:24 AM
$OCLN On News! The EveraMOD product line has really taken off for us this year," said Tom Marchesello, OriginClear Chief Operating Officer. "While our sales of EveraMOD pump stations in the first half of the year were only about 10% of total MWS sales, they represent about half of all systems that MWS is quoting this month alone."
While sales are only an indication of future revenue, the modular nature of EveraMOD greatly speeds the time from the initial booked sale to the recognition of revenue milestones, right up to delivery and commissioning. One national account alone is forecast to do $5 million in sales per year.
"I can speak today about our first national account that we’ve just recently secured—a big, major commercial account," shared Mr. Early. "They are investing in and want green technology, durable, sustainable infrastructure solutions. After understanding the value proposition that is the EveraMOD product, that infrastructure solution we’ve created, they adopted it as their preferred and specified solution. So, that product line, just that one customer right there, will contribute at least another two and one half million dollars in top-line revenue to the pump station product line by the end of this year. It could potentially reach 5 million next year, just with that one customer."
"As a result of the expansion of this product line, OriginClear is now staffing it up as its own standalone division and may spin it off as our next independent company as part of the Clean Water Innovation Hub," said Riggs Eckelberry, OriginClear CEO. "I’m very proud of Dan Early and the whole Modular Water team, who are making this rapid expansion happen."
"And I think it's very indicative of the major trend we're seeing in the infrastructure world where end users and public utilities want these roughly 100-year lifecycle solutions for the structure, added Dan Early. "And that's what the EveraMOD is. It's a turnkey, single point of delivery infrastructure solution with up to a 100-year structural service life."
Because EveraMODs are standardized, they can be rolled out just like cell towers. Simply manufactured, sent out, and put in place exactly where they are needed. The seamless process can make sales highly replicable.
"People love them. They are just like, wow, these are amazing. This is exactly what we're looking for. The sizes are right, pricing is excellent, and the quality is there," shared Tom Marchesello, OriginClear’s Chief Operating Officer. "And now the guys are able to build these machines and quote these machines much quicker. We’re having a much faster turnaround and responsiveness to everybody so that we can produce more of this product line over and over again."
Replacement of badly-degraded pump stations is driving this expansion. Pump station networks are often long past their life cycle, which means they leak into the ground. Each year more than 32 billion m3 of treated water is lost through leakage from distribution networks (The Manager’s Non-Revenue Water Handbook). Cities lose up to 30% of their revenue through such losses, not to mention the impact on water scarcity which is causing major disruptions to regions such as the American southwest.
"A lot of these pump stations have been installed in the last 30 to 50 years and they have far exceeded their usable service life, which is as little as 25 years, and are now a contingent liability, a future liability," shared OriginClear Chief Engineer Daniel Early. "They have to either replace them with the same type or upgrade and install a newer solution, which is what the EveraMOD represents. It represents a solution that overcomes this durability challenge that these end users, vendors, and operators struggle with on a day-to-day basis."
Pump stations are composed of a shaft, a submersible pump, and controls. The global market for the submersible sewage pumps at the heart of EveraMOD systems is forecasted to double over the next decade to $21.6 billion by the end of 2031 (Transparency Market Research). Based on the ratio of pumps to total systems (7% to 10%), OriginClear estimates that the global market for complete pump stations could reach an estimated $220 billion in the same decade.
By using High-Density Polyethylene (HDPE) and Polypropylene (PP) plastics, EveraMOD Pump Stations leverage the inherent corrosion resistance of these superior materials to create the world’s toughest and most durable pump station structures that can last up to 100 years. This is very attractive for both cities and businesses.
https://finance.yahoo.com/news/originclear-pu...00357.html
While sales are only an indication of future revenue, the modular nature of EveraMOD greatly speeds the time from the initial booked sale to the recognition of revenue milestones, right up to delivery and commissioning. One national account alone is forecast to do $5 million in sales per year.
"I can speak today about our first national account that we’ve just recently secured—a big, major commercial account," shared Mr. Early. "They are investing in and want green technology, durable, sustainable infrastructure solutions. After understanding the value proposition that is the EveraMOD product, that infrastructure solution we’ve created, they adopted it as their preferred and specified solution. So, that product line, just that one customer right there, will contribute at least another two and one half million dollars in top-line revenue to the pump station product line by the end of this year. It could potentially reach 5 million next year, just with that one customer."
"As a result of the expansion of this product line, OriginClear is now staffing it up as its own standalone division and may spin it off as our next independent company as part of the Clean Water Innovation Hub," said Riggs Eckelberry, OriginClear CEO. "I’m very proud of Dan Early and the whole Modular Water team, who are making this rapid expansion happen."
"And I think it's very indicative of the major trend we're seeing in the infrastructure world where end users and public utilities want these roughly 100-year lifecycle solutions for the structure, added Dan Early. "And that's what the EveraMOD is. It's a turnkey, single point of delivery infrastructure solution with up to a 100-year structural service life."
Because EveraMODs are standardized, they can be rolled out just like cell towers. Simply manufactured, sent out, and put in place exactly where they are needed. The seamless process can make sales highly replicable.
"People love them. They are just like, wow, these are amazing. This is exactly what we're looking for. The sizes are right, pricing is excellent, and the quality is there," shared Tom Marchesello, OriginClear’s Chief Operating Officer. "And now the guys are able to build these machines and quote these machines much quicker. We’re having a much faster turnaround and responsiveness to everybody so that we can produce more of this product line over and over again."
Replacement of badly-degraded pump stations is driving this expansion. Pump station networks are often long past their life cycle, which means they leak into the ground. Each year more than 32 billion m3 of treated water is lost through leakage from distribution networks (The Manager’s Non-Revenue Water Handbook). Cities lose up to 30% of their revenue through such losses, not to mention the impact on water scarcity which is causing major disruptions to regions such as the American southwest.
"A lot of these pump stations have been installed in the last 30 to 50 years and they have far exceeded their usable service life, which is as little as 25 years, and are now a contingent liability, a future liability," shared OriginClear Chief Engineer Daniel Early. "They have to either replace them with the same type or upgrade and install a newer solution, which is what the EveraMOD represents. It represents a solution that overcomes this durability challenge that these end users, vendors, and operators struggle with on a day-to-day basis."
Pump stations are composed of a shaft, a submersible pump, and controls. The global market for the submersible sewage pumps at the heart of EveraMOD systems is forecasted to double over the next decade to $21.6 billion by the end of 2031 (Transparency Market Research). Based on the ratio of pumps to total systems (7% to 10%), OriginClear estimates that the global market for complete pump stations could reach an estimated $220 billion in the same decade.
By using High-Density Polyethylene (HDPE) and Polypropylene (PP) plastics, EveraMOD Pump Stations leverage the inherent corrosion resistance of these superior materials to create the world’s toughest and most durable pump station structures that can last up to 100 years. This is very attractive for both cities and businesses.
https://finance.yahoo.com/news/originclear-pu...00357.html
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