OriginOil Introduces Breakthrough Technology to Border State Governors at Green Tech Expo
– Company Displays Its Innovative Algae-to-Oil Technology at Los Angeles Green Tech Expo –
Los Angeles, CA – August 19, 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, exhibited publicly for the first time on August 14 and 15 to border state officials at the Green Tech Expo in Los Angeles, held in conjunction with the Border Governors Conference. In a tour of the Expo booths, Governor Arnold Schwarzenegger met with Chief Executive Officer Riggs Eckelberry, accompanied by top energy and environmental advisor Terry Tamminen and Secretary of the California Environmental Protection Agency, Linda Adams.
During his visit (video and photos here ), Governor Schwarzenegger discussed with CEO Riggs Eckelberry and Co-founder Nicholas Eckelberry the promise of algae-to-oil technologies, OriginOil’s company vision and plans for the future. Ms. Adams and other border state officials followed up with CEO Eckelberry with a view to helping states meet major challenges such as California’s AB 32, the Global Warming Solutions Act of 2006, and helping to set renewable fuels standards.
“Governor Schwarzenegger astonished us with the depth of his interest,” commented Riggs Eckelberry. He added, “Despite numerous pressing concerns, the Governor spent time with us to review how algae could hold the key to making renewable fuels a reality in California and the world. It’s clear that California will be an innovation hub in the coming alternative energy revolution and we pledge to do what we can to help state officials meet the aggressive goals set by Assembly Bill 32.”
“It was terrific to have OriginOil’s participation in the exhibition,” said Bob Graves, president of Green Technology, organizers of the Green Tech Expo. “Top level government officials, who are searching for clean energy solutions, really appreciated OriginOil’s involvement and support. We welcome their participation in future conferences.”
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»