By Ian Gilson, CFA
On December 19, 2012 OriginOil (OTC Markets:OOIL) announced that its algae harvesting process can reduce bacterial counts by as much as 90%. This extends the lifetime of algae concentrations from hours to days. A study by an independent University research group using algae from open algae ponds and closed bioreactors compared results from centrifugal processes and from OriginOil's Algae Appliance.
The bacteria attack the oils in the algae, causing it to smell (like rotten fish) and reducing its value. OriginOil's algae appliance can be used on a small scale algae bioreactor or can be scaled up for large algae farms.
To become a subscriber to Zacks SCR and receive SCR blogs and research reports emailed directly to your inbox, please visit our Subscribe page.