- Company Seeks Worldwide Protection for Its Technology to Improve Efficiency of Algae Oil Production -
Los Angeles, CA - July 31, 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, has recently deposited an international PCT patent application pursuant to last year's filing of United States patent application 11/829,883 with the United States Patent Office. The international application is related to OriginOil's first patent application to optimize the growth and harvesting of algae cells.
The application titled, "Algae Growth System for Oil Production," discloses OriginOil's proprietary system and industrial process whereby microalgae can be grown and harvested rapidly to extract algae oil for fuel and chemical production. This technology is branded Quantum Fracturing™.
"We have tremendous opportunities outside the United States," said Riggs Eckelberry, CEO. "In the past year, we have received hundreds of inquiries from potential partner and customer companies worldwide, some of them multi-national in size. The international protection of our intellectual property will allow us to follow up on those opportunities and help the world industrialize the production of algae for renewable oil."