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. ( OOIL), developer of a breakthrough technology to
transform algae into a true competitor to petroleum, is featured in the
August issue of Biodiesel Magazine.
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