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The Algae Manhattan Project

From: Riggs Eckelberry
Los Angeles, May 29, 2010

From: Riggs Eckelberry
Los Angeles, May 29, 2010

Hi again!

This Monday, as we remember the men and women who put themselves into harm’s way, it’s worth remembering, too, that the military itself is driving for energy independence. They know the cost in terms of lives and treasure.

Bill Paul, a former Wall Street Journal reporter, helps make that point in his article: “Exxon Could Be the Answer to America’s Energy Problems”, in which he proposes that President Obama declare a Manhattan Project to save our country with algae.

And he says algae may even help the coal-fired utilities thrive — by absorbing their CO2! As we have learned with our first customer, this is a very good reason to invest in our young industry.

In the meantime, Bill Paul has this advice:

“For risk-inclined investors who believe that all this may be on the way, a company that might be worth a closer look right now is tiny OriginOil… The company has started signing up customers as it begins commercializing a technology for producing biofuel from algae using CO2 emissions captured from smokestacks.” Click here to read the full article.

That is pretty stunning! As are many of the developments here, as we accelerate on our path to market.

I’ll tell you more in the weeks to come. Meanwhile, remember — and enjoy your Memorial Day!

Riggs and team

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

Catch OriginOil on CNN

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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