- OriginOil Engineer’s Contributions Bring Enhanced Efficiency to Algae Production –
Los Angeles, CA — June 9, 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, today announced Senior Research Engineer Steven Shigematsu’s instrumental role in the company’s recent technical innovations and patent applications.
Mr. Shigematsu spearheaded the development of the company’s algae growth, scalability and extraction systems, leading up to recent patent filings for the Helix BioReactor™ and the Transportable Modular Photo Bioreactor. These inventions will create a more effective system to industrialize algae production on a large scale.
“Steven Shigematsu is a brilliant innovator who helped us achieve critical breakthroughs to maximize efficiencies in algae production,” said Nicholas Eckelberry, director of development. “He has also made further enhancements to our Quantum Fracturing™ technology used in algae oil extraction. We are currently developing another patent application to incorporate those innovations.”
Mr. Shigematsu has over 30 years of electronics and bio-engineering experience. As Chief Systems Engineer at Matterhorn California Inc., Shigematsu helped to pioneer and perfect a stream bank stabilization system still in use today in hundreds of locations throughout Northern California. This innovation became the de facto standard for waterways agencies seeking replacements for aging concrete flood channels.
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.
