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OriginOil Selects Frontline Engineering Australia to Provide Field Services for Asia-Pacific Customers

Wednesday, February 15th, 2012

Australian engineering firm is first Certified Support Partner to provide full range of field engineering and technical services for OriginOil customers

Los Angeles, California & Melbourne, Australia – 15 February, 2012 – OriginOil, Inc. (OTC/BB: OOIL), a leading developer of next-generation algae oil technologies for the transportation fuel, chemicals and foods markets, today announced that it has named Melbourne-based Frontline Engineering Australia as OriginOil’s first Certified Support Partner worldwide.

Building on a successful collaboration to date, Frontline will help algae producers and integrators install, engineer and operate OriginOil systems in Australia and also the Asia-Pacific region.

“Frontline has been an effective and innovative support partner beginning with our first commercial customer, MBD Energy,” said Ken Reynolds, OriginOil’s vice president of marketing. “As we prepare to expand our sales channel and customer base throughout the Asia-Pacific region, working with MBD and others, we expect that our customers will have prompt access to trained and certified technical staff close to their own time zone.”

Mark Ellison, managing director of Frontline Engineering Australia, stated, “We are very pleased that OriginOil chose our firm as its first Certified Support Partner. Algae production is one of the fastest growing new industries in Australia, with the potential to dramatically impact our production of carbon-neutral foods and fuels. We look forward to playing a key role in the development of that industry both here and in the rest of the region.”

“Frontline Engineering Australia is a reliable provider of engineering services and is especially well qualified in the field of ‘smart’ power supplies, which is key to supporting OriginOil’s customers in the field,” said Larry Sirmans, CEO of Future Energy Systems and previously Technical Director at leading Australian algae producer MBD Energy. “I am very happy to see that OriginOil has selected them to provide field services to algae producers throughout Australia and in Asia-Pacific.”

A number of commercial algae producers, such as MBD Energy, are taking advantage of Australia’s ideal growing conditions in terms of sunlight and available land, combined with strong industry support from the Australian government and leading algal research facilities such as James Cook University and University of Queensland. Last year Finland’s Neste Oil, together with a consortium of 17 other companies known as the AlgaePARC project, announced announced plans to expand research and development of renewable algae biofuels with a focus on production in Australia.

About OriginOil, Inc.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As an emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger, Halliburton and Baker Hughes have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.

Algae Producer Aquaviridis and OriginOil Announce Joint Commercial Agreement

Sunday, February 5th, 2012

Development of dry-land aquaculture could transform desert farm economies of the American Southwest and Mexico

Mexicali Valley, Mexico and Los Angeles, CA February 3, 2012 – Algae producer Aquaviridis and OriginOil, Inc. (OTC/BB: OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced that Aquaviridis has signed a commercial agreement with OriginOil to help develop the multi-phase algae production rollout at its Mexicali, Mexico site, a potential model for algae sites throughout the North American Free Trade Agreement (NAFTA) region, with a focus on desert areas of the American Southwest and Mexico.

OriginOil will provide its expertise to help develop growth and harvesting solutions and implement appropriate OriginOil technologies. The facility will also serve as a test bed for OriginOil innovations.

In announcing the agreement, Aquaviridis president Thomas Byrne stated, “After evaluating OriginOil’s portfolio, our technical team felt that OriginOil had some novel, scalable, and potentially game-changing technologies for algae harvesting and growth enhancement. We are excited about the opportunity to work closely with them as a partner during our research and planning stage. Having the right partners and technologies is critical, as our expectation is to have this facility in revenue this year.”

Aquaviridis is backed by private sector funding, with plans to immediately scale up from research and development to ten acres of pilot algae production by the middle of this year. Commercial scale production capacity is expected by the second quarter of 2013. Aquaviridis selected the Mexicali Valley as a strategic location due to favorable growing conditions, strong local and governmental support, and available sources of carbon dioxide.

OriginOil’s vice president of marketing, Ken Reynolds added, “The Mexicali Valley is a great place to develop an algae industry, given its climate and access to industry research and resources throughout North America. With the U.S. as a neighboring market for high value exports, Mexico is in an excellent position to take the lead in areas such as research and production of algae for nutritional products, animal feed, and oil for biofuels, which would create long-term regional economic growth and job production.”

About Aquaviridis, Inc.
Aquaviridis is a commercial algae grower headquartered in Preston, Minnesota with production facilities in the Mexicali Valley of northern Mexico. Its focus is on the production of algae feedstocks for high value markets such as nutriceuticals, human food, animal/aquaculture feed, and renewable biofuels. Aquaviridis intends to partner with leading algae industry researchers, equipment vendors, and government and local organizations to develop best-in-class products and solutions for these markets.

About OriginOil, Inc. (www.originoil.com)
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As an emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger, Halliburton and Baker Hughes have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.

OriginOil and Department of Energy to Develop Direct Conversion of Algae into Renewable Crude Oil for Existing Oil Refineries

Friday, January 13th, 2012

Company partners with Idaho National Laboratory to enable algae growers to enter the global crude oil market

LOS ANGELES–January 13, 2012– OriginOil, Inc. (OTC/BB:OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced its plans to co-develop an integrated system with the U.S. Department of Energy’s Idaho National Laboratory (INL) for direct conversion of raw algae into a renewable crude oil that can be used by existing petroleum refineries.

“We believe this is a major breakthrough for OriginOil and a major step forward for the algae industry,” said Riggs Eckelberry, OriginOil CEO. “We already lead the industry with our chemical-free, low-energy, continuous high-flow harvesting system.

“From there it’s a natural step to helping algae growers make a direct crude oil replacement right on site, giving them direct access to the existing world market for transportation fuels, including jet fuel. That’s an instant upgrade from what is now a niche market, to the immediate 86 million barrel per day global crude oil market.”

OriginOil’s planned Biocrude System(TM) will integrate its own harvesting system with state-of-the-art biomass processing technology being developed under the recently-announced research agreement with INL, to convert raw algae into barrels of renewable crude oil.

This much cleaner replacement for conventional petroleum will be designed to be compatible with conventional petroleum refineries. Renewable algae crude could also be blended with other biomass sources to improve their performance.

Dr. Deborah T. Newby, Project Manager at DOE’s Idaho National Laboratory (INL), commented, “We are excited to work with OriginOil on its Biocrude System and leverage its algae processing expertise and technology. Algae is a high energy biomass and can function as a force multiplier to blend in other biomass waste such as from forestry and agriculture into a uniform renewable crude oil substitute. This may well support the U.S. military’s strategic fuels diversification program.”

In operation since 1949, the Idaho National Laboratory (www.inl.gov) is a science-based, applied engineering national laboratory dedicated to supporting the DOE on energy research and national defense. Its mission is to ensure the nation’s energy security with safe, clean, competitive, and sustainable energy systems and unique national and homeland security capabilities.

About OriginOil, Inc.

OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As an emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger, Halliburton and Baker Hughes have done in the oilfield services industry. To learn more about OriginOil®, please visit www.originoil.com.

OriginOil Enters Joint Venture to Develop Biorefineries for U.S. Department of Defense Biofuels Programs

Friday, December 16th, 2011

JV receives preliminary funding commitment of $4.5 million to carry out bankable feasibility studies

LOS ANGELES, Deccember 15, 2011 — OriginOil, Inc. (OTC/BB: OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced it has co-founded a new joint venture (JV), to develop biorefineries serving U.S. and NATO military requirements for alternative fuels.

The JV, Future Energy Solutions Unlimited, Inc. (FES), with its wholly owned Australian subsidiary, Alternate Energy Systems Pty Ltd (AES), plans to carry out bankable feasibility studies supporting project development and project delivery for diversified biofuel refining centers in strategic locations around the world.

OriginOil intends to contribute its proprietary systems and process knowledge to help develop multi-feedstock blending standards that will be needed for the new biorefineries. OriginOil recently announced a research agreement with the Department of Energy’s Idaho National Laboratory, in part to tackle these standards.

The Energime Group of Companies has given preliminary commitments to provide $1.5 million in matching funds to AES and $3 million to FES, for a total of $4.5 million. The investments, to be finalized in early 2012, are intended to fund the planned bankable feasibility studies, leading to a key role for Energime in designing, building, operating and owning these refineries.

“We are excited to be involved in this dramatic development in biofuels production,” said Bill Sosinsky, CEO of Energime. “We look forward to co-developing projects with Larry Sirmans throughout the world in this fast growing space. We believe other key players in private industry will soon be joining OriginOil in this venture, which responds to a mission-critical need of the U.S. and NATO for strategic fuels independence.”

“Through its massive commitment to alternative fuels, the U.S. military has provided the market both opportunity and challenge, which we intend to meet,” said Larry Sirmans, CEO of FES. “Our project delivery team has a unique blend of industry-specific knowledge and experience as well as very relevant military experience. We know and understand what both the military and the industry face to make this a reality. We are focusing on projects initially in the U.S. and Australia. Longer term, we see tremendous opportunity for Asia, Europe and Africa.”

A veteran of large-scale biofuels project development, Sirmans was Projects Director for Agri Energy and project developer for Australian Biofuels-Swan Hill Ethanol. He is the outgoing Technical Director of Australia’s MBD Energy Ltd, a leading player in Australia’s fast-growing algae biofuels sector.

“Our venture with Larry Sirmans is a game-changer for algae because these biorefineries will rely on algae to provide high energy values and a molecular structure that is virtually identical to petroleum,” said Riggs Eckelberry, OriginOil CEO. “It all starts with these feasibility studies and the setting of multi-feedstock standards. We’re excited to be helping out.”

In August, the departments of Agriculture, Energy and Navy announced their intent to invest up to $510 million during the next three years in partnership with the private sector to produce advanced drop-in biofuels to power military and commercial transportation.

About Energime, Inc. (www.energime.com)

Energime is a bottom-line solutions provider for businesses looking to lower their operating costs and create a more sustainable business model. Specializing in designing and integrating energy conservation, efficiency, renewable energy generation and high density food growth systems, Energime works with and represents more than 65 companies globally. The company’s goal is to provide its clients with an affordable, money-saving, one-stop answer to rising operating expenses.

About OriginOil, Inc. (www.originoil.com)

OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.

OriginOil Announces New Research Agreement with U.S. Department of Energy’s Idaho National Laboratory

Thursday, December 8th, 2011

OriginOil will work with DOE’s Office of Biomass Programs to create standards for algal biomass

Los Angeles, CA – December 8, 2011 – OriginOil, Inc. www.originoil.com (OTC/BB: OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced the funding of a new research agreement with the Department of Energy’s Idaho National Laboratory (INL). Under the agreement, OriginOil and INL will collaborate with a goal toward establishing industry standards for algal biomass, a critical step toward making algal biofuels a competitive alternative to petroleum.

Under the terms of the new Cooperative Research and Development Agreement (CRADA), OriginOil will provide INL with its Single Step Extraction(TM) technology, and contribute its knowledge of how to stimulate oil production and pre-treat for consistent extraction of the algae and its co-products.

OriginOil expects to benefit from INL’s scientific and engineering expertise and its large Process Demonstration Facility which boasts advanced biofuels processing capabilities and equipment, including biochemical, thermochemical and other downstream conversion technologies. A primary effort will be to integrate algae with terrestrial biomass sources to achieve large-scale biofuels production.

“The US Navy alone plans to achieve 50% use of alternative fuels in just eight years, a goal of eight million barrels of biofuels per year that must be blended from non-food fuels like algae,” said Riggs Eckelberry, OriginOil’s CEO. “But to blend, we must standardize, using the latest breakthrough technologies. We are proud to contribute to this effort and will share what we learn with our approved partners worldwide.”

Deborah T. Newby, Molecular Biologist at INL’s Biofuels and Renewable Energy Department, commented, “INL develops tests and deploys advanced renewable energy technology, including research on algae. This agreement is to assist OriginOil by conducting evaluations of processes and technologies that may help find solutions to converting algae into energy feedstocks more efficiently, by optimizing and standardizing various formats. This research may accelerate the pursuit of national energy independence initiatives.”

Paul Reep, OriginOil’s senior vice president of technology and formerly a manager at the Idaho National Laboratory, was responsible for bringing the parties together. Mr. Reep stated, “OriginOil’s focus on developing standards for the industry in partnership with the US Department of Energy will set the stage for a multi-source system that depends heavily on algae, leading to its rapid expansion as a major fuel source alongside petroleum oil and natural gas.”

In operation since 1949, the Idaho National Laboratory (www.inl.gov) is a science-based, applied engineering national laboratory dedicated to supporting the DOE on energy research and national defense. Its mission is to ensure the nation’s energy security with safe, clean, competitive, and sustainable energy systems and unique national and homeland security capabilities.

About OriginOil, Inc.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.

About Idaho National Laboratory
With more than 300 scientists and engineers, INL’s Energy, Environment Science & Technology Directorate integrates nuclear energy research and its unconventional application with other bio and fossil energy systems, advances renewable energy technologies, and develops alternative energy sources and transportation fuels. With science and engineering capabilities in key areas, the Directorate provides talent to support research efforts in all energy systems and the support research and development needed for national and homeland security technologies. More information is available at www.inl.gov.

OriginOil Receives Increased Order for Large-Scale Algae Extraction System

Friday, August 12th, 2011

New total brings orders to $1 million for the year to date

Los Angeles, CA – August 12, 2011 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced it recently received an increased order for a large-scale algae extraction system fromMBD Energy, Ltd. (“MBD”), a leading solutions provider in the field of industrial CO2 waste management.

“On May 23, 2011, we announced that we received a firm order for a large-scale extraction system from MBD,” said Riggs Eckelberry, OriginOil CEO. “Recently, MBD increased this order due to changes in configuration, and issued a purchase order on July 29, 2011. The total value of this purchase order is $850,000, of which $297,500, or 35%, was paid on August 5, 2011.”

The second payment for this order, for $425,000 or 50% of the total, will be due within five (5) business days after notification from OOIL to MBD of the availability of the extraction system and a successful inspection and power test. The final payment of $127,500, or 15% of the total, will be due within five (5) business days after the completion of installation and performance acceptance.

In January of this year, OriginOil received an order from MBD totaling $150,000 for a mobile system. At the time, OriginOil received a deposit of 50%, with future payments of 25% respectively for notification of availability, and completion of installation.

The total of these orders represents a backlog of $1 million for the year to date.

The new system on order is one of the largest next-generation extraction systems of its kind in the world. The equipment is expected to process up to 1100 liters (300 gallons) per minute of algae culture continuously, enough to process the daily harvest at MBD’s upcoming one-hectare site at Queensland’s Tarong power station.

According to MBD, the one-hectare facility will use the power station’s CO2-laden flue-gas to feed a Bio-CCS (Bio-based Carbon Capture and Storage) Algal Synthesizer. It will serve as proof of concept for a larger, second stage facility of up to 80 hectares (197 acres) before being progressively expanded to a much larger third stage facility.

MBD is regarded as being at the forefront of solutions for stationary industrial emitters such as power stations, smelters and refineries – that securely and efficiently recycles captured flue-gas emissions into oil-rich algal biomass via proprietary systems.

About OriginOil, Inc.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.

OriginOil Develops Real-Time Control Network for Large Scale Algae Harvesting

Thursday, August 4th, 2011

Sensor array will manage hundreds of interactions critical to large production operations

Los Angeles, CA – August 4, 2011 – OriginOil, Inc. (OOIL), the developer of a breakthrough technologyto extract oil from algae and an emerging leader in the global algae oil services industry, today announced it has developed a real-time control network to supervise continuous algae harvesting operations at very large algae production sites.

“Anyone harvesting algae at large scale has to deal with literally hundreds of variables in real time,” said Paul Reep, OriginOil’s Senior VP of Technology. “That’s why we built this dynamic system that can adjust harvest settings on the fly.”

Code-named “Green Stick” in research (see diagram), the network will be installed at Australian algae producer MBD Energy’s power plant test site, where the system will interface with MBD’s own growth control system to integrate operations with Single Step Extraction™ (SSE) and downstream concentration and separation processes. It makes use of industry-standard components, all integrated using proprietary OriginOil hardware and software.

The company recently filed for patent protection of the new control technology, its sixteenth patent application, entitled “Systems and Methods for Monitoring and Controlling Process Chemistry Associated with Biomass Growth, Oil Product and Oil Separation in Aqueous Mediums.” The inventors include Paul Reep, and Gavin Grey, Senior Director of Engineering.

The patent application aims to simplify the complex task of computerizing an intelligent control system for a robust commercial facilities environment where all algae production and extraction processing systems are integrated.

Measuring and controlling the hundreds of  interactions that are critical to automate and scale large production operations, including algae growth, dewatering, flocculation, cell lysing and oil recovery has thus far been accomplished in our industry with little automated process sophistication, and really only becomes necessary once systems become sufficiently developed, and ready for continuous flow operations, at commercial scale.

The system is managed by a Supervisory Control and Data Acquisition System (SCADA) that finally connects the biology and engineering with high throughput process control. This development was the direct result of ongoing research and testing activities that are focused on optimizing our Single Step Extraction™ process.

For a comprehensive view of algae operations, the SCADA’s Programmable Logic Control (PLC) will interface with existing growth control systems. Where these are lacking, OriginOil is able to extend the network into the growth phase.

“Being able to supply our SCADA with an array of comprehensive real-time information about water chemistry, and quantifiable data about what the algae cells are doing, is absolutely critical to optimize our processes, and will help keep us on track with our development goals,”  added Paul Reep.

The new supervisory network will also address one of the industry’s key concerns, Operating Expense (OPEX) by reducing the number and skill requirements of human operators. Minimizing personnel is not only good for controlling costs and ensuring process quality; it is also good for the algae, minimizing cross contamination and remediation costs.

About OriginOil, Inc.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.

OriginOil Selects Award-Winning Engineering Firm for Product Rollout PACE Will Fast-Track Market Availability of Single Step Extraction Systems

Wednesday, July 27th, 2011

LOS ANGELES–July 27, 2011 — OriginOil, Inc. (OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced it has selected Pacific Advanced Civil Engineering, Inc. (PACE) of Fountain Valley, California, to fast-track the rollout of its line of Single Step Extraction(TM) systems in response to immediate customer demand.

“We looked for a highly-qualified, fast-moving and conveniently located engineering firm to help us fast-track product delivery,” said Paul Reep, OriginOil’s Senior VP of Technology. “We are very happy with our selection of PACE. With its extensive water engineering experience and exposure to international markets, PACE will help us respond rapidly to our growing number of commercial opportunities.”

“We are thrilled to be a part of this exciting new technology development. The combination of our expertise in water engineering and practical experience with complex treatment systems will help turn OriginOil’s innovative vision into reality,” said Mark Krebs, PACE’s President.

In May, OriginOil announced it had received a firm order for a large-scale algae extraction system from a leading solutions provider in the field of industrial CO2 waste management, Australia’s MBD Energy, Ltd. (MBD). The order followed successful trials of OriginOil’s equipment focused on optimizing capacity to handle large volumes of algae continuously.

The system is expected to process up to 1100 liters (300 gallons) per minute of algae culture continuously, enough to process the daily harvest at MBD’s upcoming one hectare (2.3 acre) site at Queensland’s Tarong power station where algae is grown from flue gas carbon dioxide. MBD has also ordered a smaller mobile system for the building stage at Tarong, which will also equip the early stages of future MBD algae carbon capture and recovery projects.

PACE will help OriginOil engineer the Tarong systems, and quickly turn around a standard OriginOil commercial offering on modular sizes that customers can easily combine to meet any scale of harvesting requirement.
PACE has received international and domestic awards from organizations including the EPA, Los Angeles Regional Water Quality Control Board and Global Water Intelligence for engineering advanced treatment systems that employ complex mechanical and biological treatment operations. The firm has also been recognized as a leader in the research and application of new technologies and processes.

About OriginOil, Inc.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website atwww.originoil.com.

About PACE Engineering
PACE is a specialized civil engineering firm formed in 1987 to deliver advanced water resource solutions. A unique balance is struck between applied engineering and research in the specialization areas of water, wastewater, and stormwater management. A strong foundation of knowledge in the principles of water chemistry, water biology, hydrology and hydraulics ensures engineering products are both economically viable and environmentally sustainable. The firm is headquartered in Southern California, with operations world-wide.

OriginOil Secures First Institutional Financing

Thursday, July 7th, 2011

Rodman & Renshaw acted as exclusive placement agent for the transaction

Los Angeles, CA — July 7, 2011 — OriginOil, Inc. (OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced it has entered into a definitive convertible notes purchase agreement with certain institutional investors, for an aggregate purchase price of $1.0 million. The closing of the sale of the notes is anticipated to occur on or about July 11, 2011, subject to customary closing conditions.

“This financing represents our first institutional investment round,” commented Riggs Eckelberry, OriginOil’s CEO. “We are pleased to be working with the premier Wall Street investment firm, Rodman & Renshaw, for this and future financings.”

The Company has commercialized its unique, patent-pending algae harvesting technology and recently signed its first order from MBD Energy, for a large-scale algae extraction system to be installed at the first of three commercial ‘CO2 to Energy’ power station projects in Australia. The purchase order followed recent successful trials of OriginOil’s extraction system at MBD research facilities.

The new system on order is one of the largest next-generation extraction systems of its kind.  The equipment is expected to process up to 1100 liters (300 gallons) per minute of algae culture continuously, enough to process the daily harvest at MBD’s upcoming one hectare (2.5 acre) site at Queensland’s Tarong power station.

The company discussed its path to commercialization in a presentation to the National Algae Association, documented in this video.

OriginOil recently announced its intention to up-list its shares to trade on a senior U.S. securities exchange. The successful IPO of US algae producer Solazyme points to strong institutional investor demand for algae stocks.

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc., (NASDAQ:RODMNews), acted as the exclusive placement agent for this transaction. For more information, please visit www.rodm.com.

A summary of the transaction will be included in the Company’s current report on Form 8-K to be filed with the Securities and Exchange Commission.

About OriginOil, Inc.
OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.

OriginOil to Up-List Shares to Trade on a Senior U.S. Securities Exchange

Wednesday, June 22nd, 2011

Solazyme’s successful IPO proves strong institutional investor demand for algae stocks

Los Angeles, CA — June 22, 2011 — OriginOil, Inc. (OOIL), the developer of a breakthrough technologyto extract oil from algae and an emerging leader in the global algae oil services industry, today announced its intention to up-list its shares to a senior U.S. securities exchange.

“Solazyme’s highly successful recent IPO shows there is strong institutional investor demand for algae stocks,” said Riggs Eckelberry, OriginOil CEO. “Our move to a national exchange will allow us greater access to capital from institutional investors which will help us meet increasing worldwide demand for our unique algae extraction technology.”

Algae producer Solazyme, Inc. raised more than $200 million in its recent IPO to help fund its own commercialization process.

According to a Reuters story on the public offering, “…Solazyme is looking to commercialize its fuel technology in the 2013 time frame, with a production cost target of $60 to $80 per barrel. To get there, it will have to build a commercial-scale algae plant, which can cost more than $100 million.”

“In our discussions with leading algae producers, it’s become clear that they need our chemical-free and low-energy dewatering and cracking process to meet commercial scale requirements,” said Paul Reep, OriginOil’s Senior VP of Technology. “We occupy a unique position in the fast-growing algae industry and our move to a national exchange will help facilitate our delivery of systems and proprietary technology to key customers.”

OriginOil recently announced an order for a large-scale algae extraction system from MBD Energy, Ltd. (MBD), a leading solutions provider in the field of industrial CO2 waste management. The order follows recent trials of OriginOil’s equipment focused on optimizing capacity to handle large volumes of algae continuously.

The new system on order is one of the largest next-generation extraction systems of its kind.  The equipment is expected to process up to 1100 liters (300 gallons) per minute of algae culture continuously, enough to process the daily harvest at MBD’s upcoming one hectare (2.5 acre) site at Queensland’s Tarong power station.

The company discussed its path to commercialization in a presentation to the National Algae Association, documented in this video.

About OriginOil, Inc.

OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world’s most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com.