- New Presentation Reviews Company’s Business Model in Fast-Moving New Energy Market -
Los Angeles, CA – February 25, 2009 – 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, announced that it has released an overview of its business model and strategic direction.
The company’s presentation, now available in the Investors section on the company’s website, discusses world energy trends and algae’s opportunity to succeed as the only truly sustainable bio-feedstock. It outlines OriginOil’s innovations to industrialize algae production, algae’s first commercial applications and the vital importance of creating a technology distribution network to ensure the rapid adoption of algae-based energy solutions.
“OriginOil’s technology is unique in our industry in that it will not compete with its partners and customers,” said Will Thurmond, Chairman of the National Algae Association, and Author of the Algae 2020 study. “They have a chance to become a leader in operating systems for the algae industry, and that’s an exciting concept.”
Due to low capital needs and mostly low-tech materials, bioenergy can play a key role in helping the Obama administration create up to ten million new energy jobs in the coming decade.
“If you can build a brewery, you can make industrial algae,” said Eckelberry. “That is a tremendous opportunity for entrepreneurs and it means that biofuels production can potentially generate clean energy, reduce carbon emissions and create jobs much faster than any other way.”
To make this possible, algae needs a new distribution network that encourages information sharing and local production initiatives. CEO Eckelberry visualizes the worldwide result as “mushrooms after the rain,” with algae systems cropping up everywhere at the same time.
“We are building a world network,” said Eckelberry. “On one side, we have those who help us build core technology, prepackaged applications and engineering services, and on the other side, our geographic partners who will implement these solutions.” Eckelberry continued, “The end goal is a world information-sharing network that will catapult algae into its rightful role as the replacement to petroleum.”
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.

