In California, OriginOil announced it has agreed to supply its water management solutions to a new East Asian hydroponics venture backed by Orix Corp., Japan’s largest financial services and leasing company. Orca Vision, Japanese eco-solutions provider with sales in Japan, South Korea and China and a manufacturing facility in South Korea, will implement OriginOil’s EWS technology in a vertical farming pilot that will include both vegetable and algae production.
In the coming year, Orca Vision plans to expand the model to more than 100 locations. Orca Vision plans to reach a 100-unit sales target for the year 2014, which, if reached, could generate between US $500,000 and $1 million in sales and licensing revenue for OriginOil in 2014 and beyond.
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