OriginOil, Inc. Report to Shareholders: New California Research Center

Prospective licensees and customers will now be able to view the company's field-proven process in California


LOS ANGELES, Calif., Dec. 9, 2014 (GLOBE NEWSWIRE) -- via PRWEB - OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation (EWS), the high-speed, chemical-free process to clean up large quantities of water, announced today that in a letter to shareholders, CEO Riggs Eckelberry reported that an OriginOil test site in California is now planned by year-end. The site will be open only to prospective industry licensees and customers. It will also provide a test bed with an Energy Producer in the heart of the California heavy oil play.

The full report is now available on OriginOil.com's website at http://www.originoil.com/ceos-update/our-california-research-center

He also reported that, according to the latest newsletter from Lux Research, deal flow in emerging Exploration and Production (E&P) technologies has been accelerating since 2003. During that period, such technologies have attracted nearly $7 billion in private investment from 497 unique transactions.

OriginOil is an emerging E&P technology play, potentially benefiting from this trend.

Safe Harbor Statement:

Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this 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.

This article was originally distributed on PRWeb. For the original version including any supplementary images or video, visit http://www.prweb.com/releases/2014/12/prweb12381789.htm



            

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