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- System Optimizations Are Ready for Scaling Up to Larger Designs -
Los Angeles, CA - September 23, 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 that the fine tuning of the Helix Bioreactor™ subsystems has yielded positive results.
In its original May 2008 patent filing for the Enhanced Algae Growth System, the company reported initial algae production metrics based on its first prototype of February 2008. Since that time, the engineering team has fine tuned the Helix BioReactor subsystems to further increase performance characteristics. These have now yielded sufficient results to begin design and layout of larger scale systems.
Senior technical advisor Paul Reep commented: “Discrete testing of each system component is now being performed to ensure better projection of the performance of larger systems.” He continued, “These tests have also been helpful in contributing to the ongoing design study to identify low cost Commercial Off The Shelf (COTS) components for use in full scale systems.”
“COTS is a preferred design/build standard that can lower initial production costs and afford many advantages that greatly simplify in-field operational maintenance”, said CEO Riggs Eckelberry. “We are committed to algae production systems that use simple, commodity materials and construction for maximum adoption worldwide.”
Eckelberry added, “We are extremely pleased with the progress of the technology team as it scales up its prototypes. The growth metrics we are encountering are extremely positive and are being validated by external reviewers. We believe that we are well on our way to achieving a competitive fuel that can truly compete with petroleum.”
About OriginOil, Inc.
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae,
through a cost-effective, high-speed manufacturing process. This
endless supply of new oil can be used for many products such as diesel,
gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum.
Other oil producing feedstock such as corn and sugarcane often destroy
vital farmlands and rainforests, disrupt global food supplies and
create new environmental problems. Our unique technology, based on
algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. 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, and while expected, there is no guarantee that we
will attain the aforementioned anticipated developmental milestones.
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: the impact of economic, competitive and other factors
affecting the Company and its operations, markets, product, and
distributor performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently; and
other factors detailed in reports filed by the Company.
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