OOIL: First signed agreement for CLEAN-FRAC process with Pearl H2O water treatment firm - Analyst Blog
24 October 2012 - 4:33AM
Zacks
OOIL: First signed agreement for CLEAN-FRAC process with
Pearl H2O water treatment firm. Royalty payments expected in
2013.
By Ian Gilson, CFA
OriginOil (OOIL) has granted a non-exclusive license
agreement to Pearl H2O for the integration of OriginOil's
CLEAN_FRAC water treatment process into Pearl's frac water clean-up
system. This system has been tested to safe water standards. Pearl
H2O is a newly funded company with experience in agricultural
drain-water treatment. Funding is from shareholders of PACE, which
had validated the early testing of the CLEAN_FRAC process.
This is the first potential commercial application of the process
and OriginOil expects to be paid, on a royalty basis from the
revenue paid to Pearl, starting in early 2013.
Please visit Ian Gilson's coverage page at scr.zacks.com to access
a free copy of the full research report.
ORIGINOIL NEW (OOIL): Free Stock Analysis Report
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