- Top International News Syndicate Covers OriginOil’s Recent Technological Breakthroughs -
Los Angeles, CA – April 30, 2009 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, was recently featured by the internationally-renowned news service, Associated Press (AP) Television, as a part of the syndicate’s continued coverage on new and developing biofuels.
During a visit to OriginOil’s Los Angeles headquarters earlier this month, a film crew interviewed both CEO Riggs Eckelberry and Chief Technology Officer, Dr. Vikram Pattarkine, regarding the company’s recent technology breakthrough to extract oil from algae in an efficient single-step process. A time-lapse video of the extraction process was then sent out to the Associated Press’ newspaper affiliates, which encompass more than half of the world’s population on any given day.
Eckelberry concluded: “We are honored that AP Television, which provides programming for more than 130 countries and 1 billion readers, listeners, and viewers worldwide, has chosen to feature our company in its report on the algae industry. Now that we’ve cracked the first part of the code to creating wide-scale production of algae oil, we must continue to expand our research initiatives so that we will be able to bring our technology to all areas of the globe.”
About OriginOil, Inc.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press 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. 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 our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
