OriginOil Enters Commercial Phase For Petro, Algae and Waste Applications
Demonstration-scale oil & gas water cleanup system shown at Bakersfield site, while algae systems sell steadily, and quoting for waste system sales begins
Los Angeles – February 25, 2015 – OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, primarily chemical-free process to clean up large quantities of water, announced today that it recently entered the commercial stage for all three of its application areas.
The oil & gas water cleanup division is performing in field demonstrations, and sales have begun of both small and large systems.
“We received our first seven-figure purchase order last December to clean up water in the Arabian Peninsula, and our Bakersfield research site is showing promising results today at the demonstration scale,” said Bill Charneski, President of OriginOil’s Oil & Gas division. “We are now receiving a steady stream of prospective customers at the site, and the demonstrations are extremely popular.”
Meanwhile, the Algae division is ramping up its Smart Algae Harvester™ product line and is achieving steady sales.
“The new algae line is proving popular, led by the entry-level A25 model,” said Jean-Louis Kindler, Chief Commercial Officer. “In the past three months, we have delivered machines to the Czech Republic, the U.S., and we are now manufacturing for shipping to Hong Kong, Europe and also Canada. We’re hustling to keep up with orders!”
Finally, the Waste division is successfully completing initial tests with prospects.
“We’ve held off from selling into the waste water treatment industry, just to stay focused,” said Nicholas Eckelberry, OriginOil’s Chief Research Office and a co-founder. “But recently, we began making breakthroughs in East Asia, where we are showing that we can successfully process tannery effluents, for example. We are actively quoting systems now in the waste water treatment category, in the agri-food industry, bilge water treatment for ships and cutting oil recovery for machine shops.”
As a technology company, OriginOil is dedicated to licensing and private labeling its EWS technology. It is also manufacturing complete systems to meet demand while its partners tool up.
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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