OriginOil Receives “50 Hottest Companies in Bioenergy” Award
“Proven elite of the bioenergy world” honored at Advanced Biofuels Leadership Conference
Los Angeles and Washington, DC – April 21, 2011 – OriginOil, Inc. (OOIL), the developer of breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced it was among fifty companies honored as 2010’s bioenergy leaders at the Advanced Biofuels Leadership Conference in Washington, DC, which concludes today.
Jim Lane, editor of conference organizer Biofuels Digest, led the award ceremony on the first evening of the conference. He said, “I don’t think people realize how hard it is to make the cut as a ‘50 Hottest Company’.
“This year, the field of qualified companies widened to 1400. We had over 80,000 votes from subscribers, and our panel of 100 International Selectors finalized the rankings.
“Whether Number One or Number Fifty, this is the proven elite of the bioenergy world.”
In this year’s competition, OriginOil advanced to Number 33 overall, one of just five algae companies that made the top fifty.
Editor Jim Lane said: “OriginOil was one of the biggest gainers this year – only 25 or so companies have now appeared in all three Hot 50 polls.”
See photo of CEO Riggs Eckelberry accepting the “50 Hottest Companies in Bioenergy” Award from Biofuels Digest editor Jim Lane at the Advanced Biofuels Leadership Conference, 19 April 2011.
“The Advanced Biofuels Leadership Conference this year was a sellout success, and we commend Jim Lane’s team for making this one of the finest conferences of the year,” said Riggs Eckelberry, OriginOil CEO. “We look forward to competing again this year.”
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»