2008-06-09 11:04:31 -
www.originoil.com - Press: Cerrell Associates Saundra Halgrimson, 323-466-3445 f: 323-466-8653 saundra_h@cerrell.com www.cerrell.com or Investor Relations: Tom Becker, 877-999-OOIL(6645) ext. 641 f: 424-203-2044 ir@originoil.com www.originoil.com 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, today announced
Senior Research Engineer Steven Shigematsu's instrumental role in the company's recent technical innovations and patent applications.
Mr. Shigematsu spearheaded the development of the company's algae growth, scalability and extraction systems, leading up to recent patent filings for the Helix BioReactor(TM) and the Transportable Modular Photo Bioreactor. These inventions will create a more effective system to industrialize algae production on a large scale.
"Steven Shigematsu is a brilliant innovator who helped us achieve critical breakthroughs to maximize efficiencies in algae production," said Nicholas Eckelberry, director of development. "He has also made further enhancements to our Quantum Fracturing(TM) technology used in algae oil extraction. We are currently developing another patent application to incorporate those innovations."
Mr. Shigematsu has over 30 years of electronics and bio-engineering experience. As Chief Systems Engineer at Matterhorn California Inc., Shigematsu helped to pioneer and perfect a stream bank stabilization system still in use today in hundreds of locations throughout Northern California. This innovation became the de facto standard for waterways agencies seeking replacements for aging concrete flood channels.
"Steven is an extraordinary asset to the company," said Paul Reep, OriginOil's senior technical advisor. "He is able to gather inspiration from multiple domains and make them work together in an elegant system. The teaming of Steven Shigematsu and Nicholas Eckelberry has led to the rapid development of our breakthrough technology and our intellectual property."
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, today announced senior research engineer Steven Shigematsu's instrumental role in the company's recent technical innovations and patent applications.
Keyword Tags:
originoil, leading biofuel companies, biofuel production, algae culture, algae growth, algae growth lighting requirements, biofuel companies, helix bioreactor, nicholas eckelberry, paul reep, riggs eckelberry, steven shigematsu
¶ OriginOil Engineer's Contributions Bring Enhanced Efficiency to
Algae Production
