I thought I would give you a little end-of-week update.
What is happening is rapid-fire commercialization as companies view our technology — and commit immediately to purchase and distribution programs.
Latest commercial agreement
The latest example is Synergy Resources Limited, of Trinidad & Tobago. The management team of Elvis Seelochan, executive director and owner, and David Ramjohn, CEO, visited us this week for a demonstration.
Cut to the chase: they were delighted with the demonstration, and gave us a firm PO for our algae and waste management systems on the spot!
We also agreed to begin negotiations toward a distribution partnership for the Caribbean and Latin America.
Here they are after we concluded the agreement. THANK YOU to our new Global Sales Manager, Marlene Stewart, for managing the whole process so ably from start to finish!
Synergy Resources visits OriginOil on 17 June. From left: David Ramjohn, Synergy CEO; Marlene Stewart, global sales; Nicholas Eckelberry, co-founder; Jose Sanchez, vice president; Elvis Seelochan, Synergy executive director and owner; and me.
Algae harvesting and waste water cleanup
Synergy came to us for the critical algae harvesting process. Since Trinidad & Tobago is a major refining center, they are also keenly interested in cleaning up contaminated water.
They did their homework: on the way here, they attended the sixth annual conference of the DOE's Bioenergy Technologies Office (BETO) at the Hilton Mark Center in Arlington, VA.
The Synergy team told us that they received a solid testimonial there, no doubt because of our continuing research work on algae with DOE at the Idaho National Lab.
This set the stage for the demonstration earlier this week.
We'll keep you updated as Jose Sanchez once again hits the road for Trinidad & Tobago, to install Synergy's systems.
Have a great weekend!
Riggs and Team
President & CEO
OriginOil, Inc. (OOIL)
The 50 Hottest Companies in Bioenergy, 2012-2013 (photo)