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OOIL: First signed agreement for CLEAN-FRAC process with Pearl H2O water treatment firm - Analyst Blog

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.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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