Los Angeles, CA – October 10, 2011 – OriginOil, Inc., the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today reported that it was one of “11 Next-Generation Commodity Names” discussed in a Forbes Online interview of investment educator Jason Burack.
In Kate Stalter’s interview at Forbes.com, Burack said: “Some of [the advanced biofuels companies] that people should add to their watch list—and I’m not advocating, you know, people go out and buy these immediately—some of them are Amyris (AMRS), Ceres, Sapphire Energy, Solazyme (SZYM), OriginOil (OOIL)—these types of companies have very big investors stocking them….”
Burack, one of the founders of Wall Street for Main Street (website, Facebook), discussed how these companies are currently undervalued despite improving fundamentals. He said that “some of these companies just continue to get more undervalued ….the fundamentals have actually improved in the last six to eight months. More good news has come out….More positive things have come out with some of these resource companies, and they have expanded the resources greatly, and the stock price has gone down.”
“We’re rapidly cementing our unique role in next-generation algae harvesting,” said Riggs Eckelberry, OriginOil CEO. “As a result, we’re being highlighted here with much larger companies that have famous backers like Warren Buffett, Vinod Khosla and Bill Gates. As our technology develops we can expect to see more corporations and investors take note of our position in the market.”
Burack went on to discuss applications and companies saying, “This is the next generation of really good technologies.” Commenting specifically on algae he noted, “Algae are just something that’s very important. Most people don’t realize this, but all petroleum really is—the majority of petroleum—is fossilized algae…..They can grow algae and have it mature in only a few days, and they can turn it into oil and turn it into bioplastics without fossilizing it……What took Mother Nature millions of years, they can do in the lab in a few days.”
(Listen to complete interview here)
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.