OriginOil to Present First-Ever Algae Productivity Model at National Algae Associations Quarterly Conference

LOS ANGELES--(BUSINESS WIRE)--OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, has announced that the company’s President and CEO, Riggs Eckelberry, will present the industry’s first-ever comprehensive algae productivity model to industry leaders and fellow members at the National Algae Association's (NAA) quarterly conference, entitled "Algae: The New Oil," in Houston on September 18, 2009.

"A good baseline model for productivity of industrialized algae is critical to the billions being invested in the algae segment," said Eckelberry. "It is our intention to share as much of this as we can to foster collaboration and help quantify industry productivity, raw material requirements including energy, capital requirements and potential ROI."

OriginOil Chief Scientist Dr. Vikram Pattarkine will join Riggs Eckelberry in making the presentation and will address the science and engineering aspects. He will also speak to the core productivity numbers in the model, which are based on OriginOil's own extensive laboratory experimentation.

"Our industry is crying out for a good baseline. It doesn’t matter if the numbers are great, but we need a logical place to start," said Barry Cohen, executive director of the National Algae Association. He added, "We’ve come to expect this kind of courageous thinking from the folks at OriginOil and I can’t wait to see the results!"

OriginOil's interactive model defines the raw material inputs, quantifies the efficiency of the production and extraction system, and converts the feedstock into various fuels and co-products. It estimates the real estate footprint for an industrial algae operation, capital requirements and operating expenses, and the time required to recapture the initial investment. General elements of the model will be published as a beta release in the weeks to come, encouraging feedback and contribution. The detailed model will be shared with select OriginOil partners.

About the Conference

The conference will be held on September 17-18, 2009 at the Sheraton North Houston in Houston, TX. In support of its recent response to The Department of Energy's National Algal Biofuels Technology Roadmap, "Algae: The New Oil" will cover a full range of subjects focusing on the commercialization of the algae production industry, including research, growing, harvesting, extraction and by-products, as well as project financing issues and grant-writing techniques. Among those presenting will be industry peers from LiveFuels, Inc., Alfa Laval Group, Phycal and Algaeventure Systems, Inc. For more information or to attend the seminar, visit 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™, 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.

Abstract/Short Description

OriginOil Chiefs Riggs Eckelberry and Dr. Vikram Pattarkine to present first-ever comprehensive algae productivity model at the National Algae Association conference, September 18, 2009.

Keyword List

algae oil, algae to oil, algal oil, livefuels, naa conference, national algae association, ooil, originoil, originoil inc, renewable energy oil, renewable oil, riggs eckelberry

Press Contact:
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or
Investor Relations Contact:
OriginOil, Inc.
Tom Becker
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ir@originoil.com
www.originoil.com