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OriginOil Files Patent for Scalable and Modular Algae Growth System
Monday, June 02, 2008
Innovative Modular System Design Enables Transportable and Large Scale Algae Production
Los Angeles, CA -- 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 the filing of its third patent application.
The patent application, "Method and Fluid Process Flow System for the Cultivation of Algae, Integrated within a Transportable Modular Photo Bioreactor," details OriginOil's invention of a scalable system that is critical to achieving high volume algae production to replace petroleum.
This system will allow both horizontal and vertical "stacking" of many Helix BioReactors™ — OriginOil’s recently patented system to enhance and optimize algae growth — into an integrated network of fully automated, portable, and remotely monitored growth units.
"OriginOil’s system addresses two key areas: growth of the algae and extraction of the oil," said Nicholas Eckelberry, OriginOil’s director of development and an inventor of the Transportable Modular Photo Bioreactor. "By using a modular design, we can connect a large number of Helix BioReactors to a small number of extraction units to achieve economies of scale and higher production of algae oil."
"This is an important patent filing as it helps to enable the industrialization of algae production," said Riggs Eckelberry, OriginOil’s president and CEO. "As we envision it, the system is modular, stackable, truckable, self-sufficient, adaptable, fully remote-manageable, and, most of all, scalable."
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, 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.
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