OriginOil Inc. (OTCBB: OOIL) has developed an innovative technology that transforms algae into oil through a cost-effective, high-speed manufacturing process that aims to replace petroleum dependence. The company today announced positive results for the revamping of its Helix BioReactor.
After “fine tuning” its Helix BioReactor to enhance performance characteristics, OriginOil said it can now commence the design and layout of larger-scale systems, which will help the company identify ways to lower its production expenses.
“Discrete testing of each system component is now being performed to ensure better projection of the performance of larger systems,” senior technical advisor Paul Reep stated in the press release. “These tests have also been helpful in contributing to the ongoing design study to identify low cost Commercial off the Shelf (COTS) components for use in full scale systems.”
Riggs Eckelberry, CEO of OriginOil, said COTS is a preferred standard that offers the company many advantages that simplify in-field operation maintenance.
“We are committed to algae production systems that use simple, commodity materials and construction for maximum adoption worldwide,” Eckelberry stated. “We are extremely pleased with the progress of the technology team as it scales up its prototypes. The growth metrics we are encountering are extremely positive and are being validated by external reviewers. We believe that we are well on our way to achieving a competitive fuel that can truly compete with petroleum.”
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