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OriginOil in Fast Company, Bill Gates on Algae

From: Riggs Eckelberry
Los Angeles, July 11, 2011

From: Riggs Eckelberry
Los Angeles, July 11, 2011

Good morning!

Thanks for your great good wishes last week, as we wrapped up our first institutional financing! We were honored to work with Rodman & Renshaw, Wall Street’s premier firm in this line.

Our roadmap from here takes us to a major listed exchange, and the ability of mutual funds and other institutions to invest in us.

Exciting times!

OriginOil in Fast Company

Fast Company (which started as a hot mag in the dot-com days), picks up on the unique synergy between algae and the coal industry in its new article, Dirty Coal And Algae Fuel: The Start Of A Beautiful Friendship:

Algae eats CO2, and then it makes fuel. Where do we have a lot of CO2? Spewing out of coal power plants. Now OriginOil is working to use those emissions to feed algae and ramp up the biofuels business.

At the end of the article, I say: “Our main limitation is we can process far more algae than most people have in production”. That’s very true – for the moment.

But many companies are ramping up now in every continent. Great timing for us to solve their low-energy harvesting challenge. And they all run into it…

Bill Gates on Algae

In the July issue of Wired Magazine (another hottie from dot-com days), Bill Gates comments on the Food-to-Fuel problem:

…If you’re using first-class land for biofuels, then you’re competing with the growing of food. And so you’re actually spiking food prices by moving energy production into agriculture. For rich people, this is OK. For poor people, this is a real problem, because their food budget is an extremely high percentage of their income. As we’re pushing these things, poor people are driven from having adequate food to not having adequate food.

The most interesting biofuel efforts avoid using land that’s expensive and has high opportunity costs…

He says: “…There’s a ton of algae stuff. The number of ways to do things with algae is pretty amazing, and I’m invested in a number of them.”

Good company to be in!

Have a great week.

Riggs and team

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

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Safe Harbor Statement:

Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this 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.

 
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