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FLASH – Algae’s First Billion Dollar Deal

From: Riggs Eckelberry
Los Angeles, December 23, 2010

From: Riggs Eckelberry
Los Angeles, December 23, 2011

Good Morning!

I was just talking about the coming algae boom – and here is the first sign:

This week, Dutch vitamin giant Royal DSM agreed to acquire algal-based pioneer Martek Biosciences for US$1.087 billion in an all-cash transaction.

Publicly-traded Martek is a world leader in algae-based nutritional products. For example, Martek’s flagship product is found in 99% percent of U.S. infant formulas.

Biofuels Digest covered this story today in an article that discussed DSM’s long-term interest in “chemicals, fuels, foods, plastics or other uses for renewable oils”.

With this transaction, the algae industry is clearly positioned for industrial scale and a massive future.

As we move into 2011, we plan to continue our own path to success and — with your continued support — achieve our own deserved value in our industry.

Stay warm!

Riggs and team

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

Remember to link with me on Twitter (riggseck), and OriginOil too

Safe Harbor Statement:

Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, 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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