LOS ANGELES--(BUSINESS WIRE)-- OriginOil, Inc. (OTCBB: OOIL), developer of a breakthrough energy production process for the oil and algae industries, announced today that it has received its first international patent for its algae harvesting technology from the Australian patent office.
The invention, titled “Systems, apparatus and methods of obtaining intracellular products and cellular mass and debris from algae and derivative products and process of use thereof,” was issued as patent number 2010239380 in Australia (see image) for a term of 20 years beginning in 2010. In addition to the United States, it has also been published in the European Union and in Japan.
“Our value as a technology company increases with each patent that we file, and then with each patent that is granted,” stated Riggs Eckelberry, OriginOil’s CEO. “As a global technology company, patents in foreign territories are critical to secure our international reach and our position as a leader in the algae industry.”
OriginOil’s first customer, MBD Energy, piloted OriginOil’s Single Step Extraction™ algae harvesting systems in Australia. The Company has also selected Melbourne-based Frontline Engineering Australia as its Certified Support Partner to help algae producers and integrators install, engineer and operate OriginOil systems in Australia and the Asia-Pacific region.
Separately, the World Intellectual Property Organization (WIPO) recently published the international OriginOil patent application for 'Enhancing Algae Growth By Reducing Competing Microorganisms In A Growth Medium,” bringing OriginOil’s number of published applications to 11.
OriginOil is currently prosecuting 29 patent applications, of which 13 have been filed as international applications.
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About OriginOil, Inc. (www.originoil.com)
OriginOil has developed an energy production process for harvesting algae and cleaning up oil & gas water. Operating at the first stage of extraction, this high-speed and chemical-free process can be embedded in other systems to improve performance. Originally invented to solve the biggest problem in algae production, it is now finding demand in oil and gas fracking and production water cleanup, an immediate and fast-growing market that desperately needs clean technology solutions. 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. 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.
OriginOil granted patent in Australia for its breakthrough algae harvesting technology; first of 29 pending patents is issued.
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