Skip to content

OriginOil Profiled on Associated Press Television

- Top International News Syndicate Covers OriginOil’s Recent Technological Breakthroughs -

Los Angeles, CA – April 30, 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 recently featured by the internationally-renowned news service, Associated Press (AP) Television, as a part of the syndicate’s continued coverage on new and developing biofuels.

During a visit to OriginOil’s Los Angeles headquarters earlier this month, a film crew interviewed both CEO Riggs Eckelberry and Chief Technology Officer, Dr. Vikram Pattarkine, regarding the company’s recent technology breakthrough to extract oil from algae in an efficient single-step process. A time-lapse video of the extraction process was then sent out to the Associated Press’ newspaper affiliates, which encompass more than half of the world’s population on any given day.

The recent AP Television segment, entitled “Could Algae be oil’s next competitor,” features commentary from Riggs Eckelberry on OriginOil’s “single pass, cost-effective process” to inexpensively crack algae’s tough exterior and release the oil inside, which can be viewed at“Oil, for the first time, is going to have a competitor,” said Eckelberry. “It’s not going to be the OPEC cartel against the rest of the world – it’s going to be local fuel production in all these countries, including the U.S.”

Eckelberry concluded: “We are honored that AP Television, which provides programming for more than 130 countries and 1 billion readers, listeners, and viewers worldwide, has chosen to feature our company in its report on the algae industry. Now that we’ve cracked the first part of the code to creating wide-scale production of algae oil, we must continue to expand our research initiatives so that we will be able to bring our technology to all areas of the globe.”

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»

Like this story?
Share this on Facebook!