LOS ANGELES - (Business Wire)
OriginOil, Inc. (
OTCBB:OOIL), the developer of a breakthrough technology to
transform algae, the most promising source of
renewable oil, into a true competitor to petroleum, reported today that trade publication Biodiesel Magazine has featured OriginOil in its August issue.
CEO Riggs Eckelberry was interviewed by the magazine after speaking at the National Algae Association Business Plan Forum on July 17 in The Woodlands, Texas.
In the article, entitled “OriginOil presents at algae conference,” available online at the Biodiesel Magazine website, Mr. Eckelberry discussed OriginOil’s series of patent filings with attendees of the National Algae Association Business Plan Forum. He noted it was the first time OriginOil had discussed its technology and vision in detail in public. The article includes images of OriginOil’s Helix BioReactor™ first generation prototype of February, 2008.
According to the article, Mr. Eckelberry was “…amazed at the energy of the conference. The corridors were just overwhelmed with people. There was a combination of very smart scientific people, businesspeople, funders and entrepreneurs. It was quite a mix.”
The article reported on several unique innovations in OriginOil’s algae production system from nutrient delivery to oil extraction. Mr. Eckelberry also discussed the company’s business plan of developing a modular, entry level algae-to-oil production system and then offering a comprehensive technology licensing package for larger installations.
Barry Cohen, executive director of the National Algae Association, also commented for the article. He said, “The conference is far beyond my expectations. We have doubled in size since our last conference.”
About OriginOil, Inc.
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products such as diesel, gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum. Other oil producing feedstock such as corn and sugarcane often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. To learn more about OriginOil ™, please visit our website at www.originoil.com.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Release Summary:
OriginOil, Inc. (OTCBB:OOIL), developer of a breakthrough technology to transform algae into a true competitor to petroleum, is featured in the August issue of Biodiesel Magazine.
Keyword Tags:
algae for oil, algae oil, algae to oil, biodiesel magazine, biofuel companies, buy shares in biofuel companies, oil algae, oil from algae, ooil, originoil, publicly held companies biofuel, riggs eckelberry
Press Contact:
Patti Caron
Toll-free: 877-999-OOIL(6645) Ext. 643
International: +1-424-202-6944
Fax: 424-203-2044
pr@originoil.com
or
Investor Relations Contact:
Tom Becker
Toll-free: 877-999-OOIL(6645) Ext. 641
International: +1-424-202-6944
Fax: 424-203-2044
ir@originoil.com
www.originoil.com
