OriginOil Announces Commercial Algae Harvesting System
Algae Appliance set for commercial release in early 2012 will help producers meet rising demand
Los Angeles, CA – November 16, 2011 – OriginOil, Inc. (OTC/BB: OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced the Algae Appliance™, a commercial entry-level algae harvesting system that will help producers process algae at very low cost and without chemicals.
Slated for commercial release in the first half of 2012, the Algae Appliance provides a low energy, chemical-free, continuous flow ‘wet harvest’ system, with the potential to remove up to 90 percent of the initial water volume. Field testing will begin soon with select partners who have current or near-term large volumes of algae for harvesting. Interested parties should sign up at www.algaeappliance.com.
Larry Sirmans, Technical Director of OriginOil’s key Australian partner MBD Energy, observed: “This Algae Appliance should be very beneficial to producers and researchers who are developing the most efficient processes for growing algae at commercial scale.”
“We are continuing to scale up our technology at MBD’s pilot site in Australia,” said Bill Charneski, OriginOil senior director of product engineering. “Now, everything we have learned is going into a standardized entry-level system to help the worldwide algae industry meet the high demand for sustainable, low-cost algae production.”
Charneski introduced the new Algae Appliance today at the 4th Algae World Asia conference in Beijing, China. The new system is modular and incorporates low-energy, chemical-free concentration. Optionally, the system can also ’crack’ the microscopic algae cells for downstream processing needs. Energy requirements are extremely low, at about 0.002 kWh to process 10 liters per minute, the Algae Appliance’s middle range of performance.
“Our Algae Appliance can process as little as two liters per minute, which is perfect for a small research installation,” said Ken Reynolds, OriginOil’s vice president of marketing. “But it is versatile enough to handle up to ten times that rate, serving capacities of 100,000 liters and more. And of course we’ll make it easy for our customers to upgrade all the way to production scale.”
“With algae-based fuels now being used in commercial aviation and in the military, there is tremendous pressure on our industry to deliver much lower-cost, high-volume algae products,” said Riggs Eckelberry, OriginOil CEO. “The Algae Appliance is expected to answer this demand, and drive the eventual licensing and distribution of our technology worldwide.”
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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