OriginOil Commercial News
From: Riggs Eckelberry
Los Angeles, April 6, 2010
This is a very exciting time at OriginOil.
We’ve been busy building ALGAE MAX – that’s our Mobile EXtraction unit. (MAX is a fully-equipped trailer-based laboratory that will travel to US-based algae producers to demonstrate our extraction capability.)
These demonstrations are intended to get commitments for commercial pilot programs. I’ll keep you fully updated on this.
Then, our waste-to-jet fuel working group is attracting more members and will help us establish a key strategic role for algae. This is an intensely important subject to players such as the Departments of Energy and Defense, and of course the aviation industry. Stay tuned!
Finally, our multinational partner Desmet Ballestra recently documented the full algae extraction process… showing our type of extraction — aqueous or wet extraction.
I’ve taken the liberty of pointing to it with a big arrow. (Click here.) As you can see, wet extraction bypasses several layers of energy-intensive process, which is why it’s such a breakthrough.
All in all, a busy spring here, with much more to come. I greatly appreciate your support and wish you all the best in your endeavors.
Riggs and team
President & CEO
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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.