News
OriginOil Invited to Present at the National Algae Association
LOS ANGELES-(Business Wire)-July 2, 2008 - OriginOil, Inc. (OTCBB: OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced today it will present at the National Algae Association Business Plan Forum on July 17 in The Woodlands, Texas.
The speaking appearance by CEO Riggs Eckelberry, which will take place on the afternoon of July 17, represents OriginOil's first public presentation of its technology and go-to-market planning. The company is emerging from its core research and development phase and has filed a series of patent applications for its proprietary technology.
"We're honored to be a member of the National Algae Association. Its fast-growing membership reflects the increasing interest in algae-to-oil technologies and the great potential of our industry. We look forward to sharing the OriginOil vision with our fellow members," said Riggs Eckelberry, OriginOil's CEO.
"Close collaboration is essential to the success of the algae biofuels industry, and the National Algae Association is doing a great job of bringing all the producers and their partners together," said Paul Reep, OriginOil's Senior Technical Advisor. He continued, "We are especially interested in supporting the Association's research and development programs, headed by Will Thurmond, to help ensure that algae makes good on its potential."
The National Algae Association's quarterly forum has gained notoriety as interest has grown in algae as a second generation biofuel. The Association's website is www.nationalalgaeassociation.com.
About OriginOil, Inc.
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products such as diesel, gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum. Other oil producing feedstock such as corn and sugarcane often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. To learn more about OriginOil(TM), please visit our website at www.originoil.com.
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, 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.
Release Summary:
OriginOil, Inc. (OTCBB: OOIL), developer of a breakthrough technology to transform algae into a true competitor to petroleum, announced today it will present at the National Algae Association Business Plan Forum on July 17 in The Woodlands, Texas.
Keyword Tags:
algae culture, algae for oil, algae oil, biofuel, biofuel companies, biofuel production, national algae association, oil from algae, originoil, paul reep, riggs eckelberry, will thurmond
 |
 |
 |
|
||
 |
|
 |
|
||
Search Our News Using Google Search
Can't find what you want? Try using Google:
