Commercialization Veteran Joins OriginOil as VP Operations
– Scott Fraser Will Manage OriginOil’s Product Development Activities –
Los Angeles, CA – May 14, 2009 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, recently announced the appointment of Scott Fraser as Vice President of Operations.
As its CEO, Scott Fraser recently took local clean tech startup Global Cooling Solutions (since renamed Assisted Energy Inc.) from concept to prototype and full product development in under 16 months. In the process, he was responsible for developing the company’s business model, obtaining funding and developing its channel strategy.
“Since his arrival as a contractor in February, Scott has energized our product development activities,” said OriginOil CEO Riggs Eckelberry. “His knowledge of Southern California aerospace, defense, specialty fabrication and prototyping resources is recent and invaluable to us. Now that we are going to market with our oil extraction breakthrough, we are extremely lucky to have Scott in the hot seat.”
Fraser held a series of Channel Management and Senior Account Executive positions in high technology companies from 1991 to 2006. He was a key member of the team that executed the successful spinoff of Avaya from Lucent Technologies in 2000. At companies like Covad Communications, Nodus Technologies and Scientific Utilization Inc., his duties included developing, managing, selling, training and supporting solutions to customers, partners and resellers.
“Since Scott’s arrival early this year, the science and engineering departments have had a strong execution partner,” added Vikram Pattarkine, CTO. “Prototyping and product development have accelerated, and we have high confidence that we will achieve our plans. We are delighted that Scott has accepted this position.”
Fraser studied Business Administration and Physics at San Diego State University.
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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