Biodiesel Magazine Features OriginOil in August Issue
– CEO Riggs Eckelberry Interviewed After Speaking at Algae Association Forum –
Los Angeles, CA – August 7, 2008 – 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”.
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.
Return to Announcements»