OriginClear Inc. and Plastic Welding and Fabrication Ltd. jointly announced a Memorandum of Understanding (MOU) for a strategic partnership between OriginClear's subsidiary, Water On Demand Inc. ("WODI"), and PWF. PWF is already a key fabricator of highly durable, patent-based enclosures for Modular Water Systems (MWS), the technology division of WODI that designs and develops highly scalable systems for self-contained water treatment and transportation. The MOU enhances the strategic relationship and enables MWS to build its complete water systems right where the enclosures are manufactured, for maximum efficiency and speed.

The funding comes from everyday investors, making water an investable asset for the first time." In October of 2023, WODI and Fortune Rise Acquisition Corporation (FRLA) announced a Business Combination to create a Nasdaq-listed Company. The planned acquisition of PWF is not conditioned on the consummation of this Business Combination. FRLA is a blank check company incorporated in February 2021 as a Delaware corporation formed for the purpose of effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

FRLA is a "shell company" as defined under the Exchange Act of 1934 as amended, because it has no operations and nominal assets consisting almost entirely of cash. FRLA will not generate any operating revenues until after the completion of its initial business combination, at the earliest. To date, FRLA's efforts have been limited to organizational activities and activities related to its initial public offering as well as the search for a prospective business combination target.