BARD Holding and OriginOil Announce Co-venture for Technology
Conshohocken, PA – BARD Holding Inc. was recently selected by California based OriginOil, Inc. to form a co-venture for technology. BARD is a rapidly emerging leader in clean technology. OriginOil is a pioneering developer of algae-to-energy systems and systems integration.
BARD has developed the BA 1000, a patent-pending modular system of Photo BioReactors (PBRs) to cultivate algae at commercial scale. “Bard’s strategic co-venture with the publically-traded OriginOil makes it possible for us to supply much needed algae-based products to global markets upon demand,” according to BARD CEO, Surajit Khanna JD, PhD.
OriginOil’s breakthrough technology has led it to focus efforts on harvesting and extraction. “OriginOil’s harvesting and extraction technology coupled with Bard’s commercial algae production complete the end to end solution,” said Riggs Eckelberry, CEO, OriginOil. The two CEOs formalized the agreement last week while both were invited speakers at the European Algae Biomass Conference 2011, held in London, UK.
OriginOil was honored as 2010’s “50 Hottest Companies in Bioenergy” at the Advanced Biofuels Leadership Conference in Washington, D.C. last month. BARD and Algae Bioenergy Solutions LLC recently formed BARD/ABS Inc. (JV) to develop an algae production facility in Augusta, Georgia. Bard’s output has been analyzed and validated by multiple third party labs. Dr. Khanna added: “This is a very exciting period of growth for BARD. In addition to our U.S. ventures we are finalizing deals in Europe and are working with partners in the Asia Pacific market.”
About BARD Holding, Inc.:
Morrisville, PA based BARD Holding is a rapidly emerging leader in clean technology. BARD has developed a patent-pending modular system of Photo BioReactors (PBRs) to cultivate algae at commercial scale. In this sustainable process, algae is grown at rapid rates under artificial lighting with no environmental influence. The high-density oil is extracted and can be converted into jet-fuel, biodiesel and bioplastics, as well as used in numerous products in the nutraceutical and pharmaceutical markets. BARD was named ‘Algaepreneur of 2009” by the National Algae Association and was recently nominated as “CleanTech Company of the Year” for 2012 Enterprise Awards by Pennsylvania’s PACT (Greater Philadelphia Alliance for Capital and Technologies.) For more information, please see www.bardholding.com
About OriginOil, Inc. (OOIL)
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.