OriginOil is working with the Department of Energy’s Idaho National Laboratory to implement a downstream fuel conversion process which it plans to offer as part of the Algasol-OriginOil bundle.About OriginOil, Inc. ( www.originoil.com) OriginOil® helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com. About Algasol Renewables ( www.algasolrenewables.com) Algasol Renewables is a technology company with a unique patented technology for low-cost cultivation of micro algae for biofuels and high value products. The technology is a flexible polymer film photobioreactor (PBR) floating on water that can be deployed in ponds, on non-arable land, and in the ocean. A patent, based on density difference, in 70 countries covers key aspects of the PBR technology. Frost & Sullivan awarded Algasol Renewables the prestigious Global Algae Biofuels Award. To learn more about Algasol Renewables, please visit our website at www.algasolrenewables.com or contact email@example.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. 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 our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
AbstractOriginOil and Algasol Renewables to develop an integrated algae growth and harvesting system. Algasol, collaborating with NASA and Lawrence Berkley National Laboratory, will bundle its offering with OriginOil’s Algae Appliance™. Key Words algae commercialization, algae oil, algae to oil, ooil, originoil, renewable crude oil, Riggs Eckelberry, Algasol NASA, NASA Lawrence Berkley National Laboratory, Algae Appliance™, micro algae cultivation, photobioreactors, Algasol-OriginOil bundle