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."