Algae Takes Center Stage As OriginOil Conducts Earth Week Media Blitz
- Company’s New Algae-to-Oil Technology Profiled on CNBC.com, CleanSkies Television, NewsChannel 8, and Red Herring -
Los Angeles, CA – April 24, 2009 – 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, was profiled by several high-profile media outlets this week following its announcement of a new, single-step algae oil extraction process on Monday, April 20.
He also spoke with Red Herring reporter Justin Moresco, who profiled the company in a story that ran on April 21, currently viewable via the following link: http://www.redherring.com/Home/26041.
Additionally, CNBC.com spotlighted OriginOil in an online segment focusing on new developments within the algae industry, a video of which can be viewed at http://www.cnbc.com/id/30194475/.
“Earth Day has presented a fabulous opportunity to cast light on the revolutionary breakthroughs in the algae-to-oil industry, and we are ecstatic that not one, but five prestigious news outlets chose to feature OriginOil to underscore the promise of algae as an alternative to foreign oil,” said Eckelberry.
During the segments, Eckelberry explained OriginOil’s inherently eco-friendly production process by elaborating that nothing goes unused in an algae production system – that is, the process not only purifies dirty water, digests carbon dioxide and produces a biofuel, but even the remaining biomass can be used as a fertilizer.
He also commented on OriginOil’s ability to solve a critical issue for scalable algae-to-oil production: “We’ve pioneered a single-step extraction technology that will get the oil out of the algae in one simple, elegant step. We are taking this solution to market while continuing to enhance our end-to-end system for the growing algae industry,” said Eckelberry.
For more information, please visit the OriginOil website at www.OriginOil.com.
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.
Return to Announcements»