Shipment of Single-Step Extraction System to MBD Energy Triggers Second Payment Series
Los Angeles, CA September 2, 2010 – 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, today announced that it has notified MBD Energy Limited that it is ready to ship a Single-Step Extraction™ System, the second product to be delivered in its multi-phase commercialization agreement. The notification triggers a new series of payments under a purchase order from the Australia-based customer.

