OriginOil Signs First Major Distribution Deal with Process Partner
Global distribution plan extends to product integration, manufacturing and mutual marketing
Los Angeles, CA – April 12, 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 that a process partner, World Water Works, Inc., has agreed in principle to distribute OriginOil’s dewatering and extraction systems to its global customer base. The agreement covers product integration, manufacturing and joint marketing.
“We’re excited that World Water Works have decided to manufacture and distribute our devices throughout their international customer base,” said Riggs Eckelberry, OriginOil CEO.
“World Water Works is an innovative company with a first-class manufacturing facility in Oklahoma City, and one of their technologies provides an important concentration stage in our harvesting systems. This is a major first step in our plan to integrate the algae production process for our customers,” Eckelberry noted.
“The OriginOil team are innovators, but they also know how to engineer solid devices that interface well with our systems,” said Mark Fosshage, President of World Water Works. “We are really pleased to be able to manufacture and distribute for them, and we also see potential opportunities for their technology in traditional waste water treatment settings.”
Scott Fraser, OriginOil’s VP/Operations noted that World Water Works’ world-class manufacturing facility is key to his company’s expansion plans as it responds to high customer demand worldwide.
“In our first field tests at MBD Energy’s research facility in Australia, their algae-specific DAF was highly successful in concentrating our client’s algae after our dewatering stage; and we will fully integrate it with our harvesting systems as part of our single-vendor commitment to our customer base,” Fraser said.
The Algae Harvesting Technology Optimized (AHTO™) system, from World Water Works, is a patent-pending version of the company’s wastewater industry high rate Dissolved Air Flotation (DAF) process, specifically tailored to Algae Harvesting.
The AHTO™ technology separates suspended solids (flocculated algae) from the water by a process of dissolving air into water under pressure. Upon release of that pressure, microbubbles form. These microbubbles interact with the particles to cause them to ?oat to the surface of a vessel where they are skimmed off.
The result, according to the company, brings signi?cant performance and cost advantages over other algae harvesting systems on the market, yielding up to 20% algae concentrations at low operational and capital costs.
About World Water Works, Inc. (web address: www.worldwaterworks.com)
Privately-held World Water Works, Inc. is a leader in waste water treatment systems, ranking first in the USA for industrial Moving Bed Biofilm Reactor and Dissolved Air Flotation (DAF) systems. It is the licensed Exclusive North American Distributor for Nikuni and, DEMON® Technologies, and its Polypropylene Welding Capability is premier in the US.
World Water Works has successfully delivered projects on every continent. In 2011, WWW will open Indian manufacturing operations to service customers in Asia, Europe, and the Middle East, complementing its 50,000 square foot (4,645 m2) manufacturing facility in Oklahoma City.
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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