OriginOil, Inc. Launches Licensing Group to Accelerate Commercialization in Secondary Markets; Announces Appointment of Alex Leshnick as General Manager, New Licensing Group
February 13, 2013 at 01:31 pm IST
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OriginOil, Inc. announced that it has launched a separate licensing group to address the growing number of potential commercial applications for its Solids out of Solution technology outside the oil and gas industry. By licensing these secondary market opportunities, the company intends to sharpen its focus on the commercial deployment of its frack water cleanup system, CLEAN-FRAC, for oil and gas production.
The company announced that Alex Leshnick, currently OriginOil's Director of Operations, will head the new Licensing Group as its General Manager, with Profit and Loss (P & L) responsibility.
OriginClear, Inc. is a water technology company. The Company is engaged in designing, engineering, manufacturing and distribution of water treatment solutions for commercial, industrial, and municipal end markets. The Company conducts business, through its subsidiary, Water on Demand, Inc. (WODI). WODI is composed of three operating units, Modular Water Systems (MWS), Progressive Water Treatment (PWT), and Water on Demand (WOD). MWS houses a worldwide, exclusive master license to the intellectual property, consisting of five patents and related intellectual property, know-how and trade secrets (Early IP). PWT specializes in engineered water treatment solutions and custom treatment systems. WOD is an incubation of the Company which is focused on offering private businesses water self-sustainability as a service-the ability to pay for water treatment and purification services on a per-gallon basis. In addition, PWT rents equipment in contracts of varying duration.
OriginOil, Inc. Launches Licensing Group to Accelerate Commercialization in Secondary Markets; Announces Appointment of Alex Leshnick as General Manager, New Licensing Group