Los Angeles, CA September 2, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced that it has notified MBD Energy Limited that it is ready to ship a Single-Step Extraction™ System, the second product to be delivered in its multi-phase commercialization agreement. The notification triggers a new series of payments under a purchase order from the Australia-based customer.

“We believe OriginOil’s concentration and extraction technology holds promise of reducing costs and energy requirements in the algae harvesting process,” said Andrew Lawson, Managing Director at MBD Energy Ltd. “We look forward to now using the equipment we’ve purchased from OriginOil to finalize preparations for our 1 hectare Bio CCS algal synthesizer test facility we’re about to construct at Tarong Power Station in Queensland. If performance tests go to plan we expect to later expand the 1 hectare synthesizer to 80 hectares at which point we hope to produce approximately 10,000 tonnes of oil per year.”

OriginOil’s unit is the second product to be shipped in the test phase of a multi-phase commercialization program under which OriginOil has agreed to supply MBD Energy with progressively larger installations of its algae-to-oil technology as the scale of MBD’s algal synthesizer projects grows. The two products are supplied under a 1 year lease-to-own program. Subject to achieving success in the initial test phase, MBD will purchase significantly larger systems to serve its power station projects in Australia, beginning with the 1 hectare algal synthesizer test plant at Tarong Power Station in South Eastern Queensland, and potentially expanding to full production at all three of MBD’s power station project sites in Australia.

According to MBD Energy, each of its power station projects has the potential to grow to 80 hectare commercial pilot plants, each capable of producing 11 million liters of oil for plastics and transport fuel, and 25,000 tonnes of drought-proof animal feed annually.

MBD Energy estimates that, subject to approvals and performance results, the projects could eventually grow to about 1,500 hectares with potential to consume more than half of each power station’s flue-gas emissions.

Conventional algae oil extraction systems use petrochemical or alcohol solvents to extract algae oil. In this process, the largest amount of energy consumption comes from the initial steps of dewatering and drying the algal biomass. The novel OriginOil Single-Step Extraction technology, however, allows the oil to be separated from the algal biomass in water with no dewatering or drying steps. As a result, substantial electrical and thermal energy can be saved.

The OriginOil Single-Step Extraction technology also requires significantly less capital expenditure per tonne of oil extracted. Conventional oil extraction systems utilizing petrochemical and alcohol solvents are rather complex and need to be large-scaled to keep the capital cost per tonne of oil within reason. In contrast, the OriginOil Single-Step Extraction technology does not require a petrochemical solvent, such as hexane, which is known to require an extensive permitting process before implementation, thus allowing for a more cost-effective production of algal oil.

About MBD Energy Limited

MBD is an Australia-based public, unlisted technology company. One of the world’s largest mining companies, Anglo American, became a cornerstone investor in MBD in 2009 and Anglo Coal’s Global CEO, Seamus French, has recently joined as a non-executive director of MBD Energy. The MBD Energy Board is chaired by former BHP Chairman, Jerry Ellis. MBD has a joint research and development facility located at James Cook University (JCU), Townsville, Queensland. MBD Energy and its JCU team are regarded as international leaders in the use of captured flue-gases as feedstock to produce algal biomass for Bio CCS. In addition to the project at Tarong Power Station, MBD Energy currently has two similar projects underway with Loy Yang Power in Victoria and Eraring Energy in New South Wales. MBD Energy is a founding member of the Bio CCS program. The program is made up of a number of regional projects with each targeting 50 million tonnes of greenhouse gas sequestration per year by 2020. For more information about MBD Energy, please visit www.mbdenergy.com.

Los Angeles, CA July 27, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced that it recently notified MBD Energy Limited that it is ready to ship a Quantum Fracturing™ System, the first unit in a multi-phase commercialization program. The notification triggers a payment under a purchase order from the Australia-based customer.

“This is a major milestone for OriginOil and represents our first revenue event,” said Riggs Eckelberry, CEO. “We are excited to support MBD Energy, a leader in the global race to help coal-fired power plants absorb their massive CO2 emissions using algae.”

Recently, OriginOil notified MBD Energy that it is ready to ship a Quantum Fracturing System, designed to maximize algae CO2 absorption with minimal energy, to MBD Energy’s research and development facility at James Cook University in Queensland, Australia. The company’s Single-Step Extraction™ System, designed to efficiently separate algae oil from its biomass, will be the next deliverable and will trigger another payment under the purchase order.

In May, the parties agreed on a multi-phase commercialization program under which OriginOil will supply MBD Energy with its algae-to-oil technology platform in progressively larger installations. Subject to the success of the initial test phase, MBD will purchase significantly larger systems to serve its power station projects in Australia, beginning with a one-hectare pilot plant at Tarong Power Station in South Eastern Queensland, and expanding to full production sites at all three of MBD’s power station projects in Australia.

According to MBD Energy, each of its power station projects has the potential to grow to 80-hectare commercial plants, each capable of producing 11 million liters of oil for plastics and transport fuel, and 25,000 tonnes of drought‐proof animal feed annually.  MBD Energy estimates that the projects will eventually consume more than half of each power station’s flue-gas emissions.

OriginOil’s Quantum Fracturing System breaks down nutrients such as CO₂ into micro-particles that stay suspended in water longer, allowing algae to feed more efficiently. The Single-Step Extraction system is the first commercial “wet” extraction system, able to separate algae oil from its biomass without costly and energy-intensive dewatering operations.

About MBD Energy Limited

MBD is an Australia-based public, unlisted technology company. One of the world’s largest mining companies, Anglo American, became a cornerstone investor in MBD in 2009 and Anglo Coal’s Global CEO, Seamus French, has recently joined as a non-executive director of MBD Energy. The MBD Energy Board is chaired by former BHP Chairman, Jerry Ellis. MBD has a joint research and development facility located at James Cook University (JCU), Townsville, Queensland.  MBD Energy and its JCU team are regarded as international leaders in the use of captured flue-gases as feedstock to produce algal biomass for Bio-CCS. In addition to the project at Tarong Power Station, MBD Energy currently has two similar projects underway with Loy Yang Power in Victoria and Eraring Energy in New South Wales. MBD Energy is a founding member of the Bio CCS program. The program is made up of a number of regional projects with each targeting 50 million tonnes of greenhouse gas sequestration per year by 2020. For more information about MBD Energy, please visit www.mbdenergy.com.

Los Angeles, CA July 21, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, has announced that Algae Industry Magazine has appointed OriginOil Chief Technology Officer Dr. Brian Goodall to its Science and Industry Advisory Board.

“We congratulate Dr. Goodall, who has played a crucial role in advancing the algae biofuels industry throughout the years, as his experience and history will be invaluable to the Science and Industry Advisory Board,” said Riggs Eckelberry, OriginOil’s CEO.

Algae Industry Magazine (A.I.M.) reports on the growth and development of the algae biofuels and co-products industry and serves as a forum for those involved in a sustainable energy future. It has now assembled algae industry leaders to analyze and provide guidance on technology and controversial issues in the algae biofuels and co-products industry.

“With this panel, we intend to bring a reality filter to the information being passed along to the readers, in order to better advance the algae production industry with reliable data and credible achievements,” stated A.I.M. publisher David Schwartz.

The advisory board for Algae Industry Magazine also includes several leading industry experts from North America. Some of these individuals are Charles Bensinger, SFCC Biofuels Program Director; Russell Chapman, Executive Director of the Scripps Institute; Ben Cloud, CEO of Phyco BioScience; Robert Henrikson, former CEO of Earthrise; Alina Kulikowski-Tan, Vice President of Carbon Capture Corporation; Ike Levine, Assistant Professor from the University of S. Maine; and Jim Sears, the CTO of Algae@Work.

With a career spanning more than 30 years in both the U.S. and Europe, Dr. Goodall has held senior positions in multinational companies such as the Royal Dutch/Shell Group, B.F. Goodrich and Rohm & Haas. He has been credited with over 80 patents and 60 published papers in the scientific journals. While Vice President of Downstream Technology at Sapphire Energy, Inc., he worked with Continental Airlines in helping to achieve the first U.S. commercial demo flight using an algae-oil blend.

Los Angeles, CA July 8, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced a new invention that generates hydrogen from living algae, providing an additional energy source from bioreactors.  In contrast to previously reported developments in the area, the new Hydrogen Harvester™ uses little or no external energy inputs, requires no sulfur deprivation or other “stressing” of the algae, and no genetic modification. The process employs viable, high growth rate, high oil content algae strains.

“One of the primary challenges for algae production is to achieve the best-possible energy balance,” said Riggs Eckelberry, OriginOil CEO.  “By harvesting hydrogen from algae we are able to increase the energy output of virtually any algae production system. The result is a photosynthetic technology platform that yields energy in the form of oil, biomass, and hydrogen.”

Algae already create oxygen through photosynthesis.  Recovering hydrogen provides the necessary ingredients for electricity generation using fuel cells.  The energy can be used to offset the electricity requirements of algae cultivation, harvesting and downstream processing.

Dr. Brian Goodall, OriginOil’s new CTO, commented: “The co-generation of hydrogen at the algae production site is a critical development for the realization of a completely integrated algal biorefinery.  All routes from algae to ‘drop-in’ fuels such as renewable diesel and jet fuel require hydrogen and hydrotreating. The Hydrogen Harvester technology would eliminate the need for hydrogen pipelines and dependence on existing refineries which are typically far removed from ideal sites for algae growth.”

The Hydrogen Harvester will be integrated into OriginOil’s existing portfolio of algae growth technologies, including the recently announced MultiReactor™.  It will also be available as an add-on to other industry growth systems.

The company recently filed for patent protection of the new hydrogen harvesting technology, its tenth patent application, entitled “Bio Energy Reactor”. While the invention is applicable to any photosynthetic organism, algae is thought to be most productive.

Hydrogen has often been called the perfect fuel.  Its major reserve on earth (water) is inexhaustible, meaning that we will never run out of hydrogen. Hydrogen, if produced cleanly, efficiently and affordably from renewable resources, is the ultimate green energy solution: It produces no air pollutants or greenhouse gases when used in fuel cells and the only pollutants generated when burned in internal combustion engines are nitrogen oxides (NOx).

The National Renewable Energy Laboratory (NREL) has stated that producing hydrogen by direct water-splitting technologies — using photosynthetic microorganisms — is the “Holy Grail” of the hydrogen economy, the ultimate clean and sustainable hydrogen production method, and is the focus of long-term R&D efforts at NREL. OriginOil believes that the new Hydrogen Harvester could represent the breakthrough needed to power the hydrogen economy.

Distinguished Scientist and Global Technologist to Lead the Company’s Efforts to Commercialize its Breakthrough Algae-to-Oil Technology

Los Angeles, CA June 29, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced today that it has appointed Brian Goodall, Ph.D. as the company’s Chief Technology Officer.

Previously, Goodall served as Vice President of Downstream Technology at Sapphire Energy, Inc., where he worked with Continental Airlines in helping to achieve the first U.S. commercial demo flight using an algae-oil blend.  While Vice President of Technology Development for Imperium Renewables Inc., he also led a team of engineers responsible for powering the world’s first commercial demo flight from London to Amsterdam using bio-jet fuel.

“We are extremely pleased with the appointment of Brian Goodall as OriginOil’s new CTO,” stated Timothy Kemper, President and CEO of seed oil industry leader Desmet Ballestra North America, Inc., an OriginOil strategic partner.  “He worked closely with us while at Sapphire Energy, and he has my personal confidence and support. This is an outstanding move by OriginOil that will do much to advance the standing of the company in the fast-growing algae biofuels industry.”

Barry Cohen, Executive Director of the National Algae Association, added: “Dr. Goodall is one of the most highly-respected and knowledgeable people in the algae industry and OriginOil will gain not only a great scientist but also a wide network of connections to drive the company’s commercial success.”

A strategic leader with international experience in the renewable fuels, petrochemicals and polymers, specialty and fine chemicals, catalysis and oil sectors, Dr. Goodall has been integrally involved in all aspects of the algae-to-fuel value chain, from algae harvesting and drying, to extraction, pre-refining and conversion to fuels and chemicals.

“Dr. Goodall brings to OriginOil his unwavering professionalism and ability to create strong and valuable relationships with individuals and companies around the world,” said Riggs Eckelberry, OriginOil’s CEO. “He is the right man to help us strengthen our technology, our intellectual property and our commercial activities.”

With an impressive career spanning more than 30 years in both the U.S. and Europe, Dr. Goodall has held senior positions in multinational companies such as the Royal Dutch/Shell Group, B.F. Goodrich and Rohm & Haas.

A scientist credited with over 80 patents and 60 published papers in the scientific journals, Dr. Goodall invented the Super High Activity Catalyst (SHAC) while working as a Senior Staff Scientist at Royal Dutch/Shell Group. The SHAC is used to make more than one-third of the world’s polypropylene today.

Goodall holds a Ph.D. in Organometallic Chemistry and a Bachelor of Science in Chemistry from the University of Bristol, U.K. He was also granted a NATO Postdoctoral fellowship from the University of Chicago.

Algae-to-Oil Pioneer’s Technology Selected from more than 250 Leading Organizations, Universities and National Laboratories

Los Angeles, CA June 22, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced today that it has been selected as a winner of the Biofuels Digest “2010 Transformative Technology 30” awards.

Chosen by subscribers of the Biofuels Digest, the publisher of the most widely-read biofuels daily newsletter in the world, this year’s “Transformative Technology 30” recipients were selected from more than 48,000 votes, which were compiled during the contest’s three-weeklong voting period.

The readers chose from more than 250 companies, universities and national laboratories, including 100 organizations that received write-in votes, to determine which industries and which specific organizations were responsible for helping to radically alter the world’s biofuels landscape over the past year.  OriginOil’s category, “MicroAlgae”, placed first in the publication’s “Leading Categories” section, receiving 17.83 percent of the votes, while OriginOil itself placed among the “Leading Organizations” section, alongside other industry powerhouses such as DuPont, Honeywell, Sapphire Energy and Ford Motor Company.

Jim Lane, editor of the Biofuels Digest, said: “OriginOil continues to prove in poll after poll that its technologies have made a consistently positive impression on the bioenergy community and have created a fund of goodwill for the company.”

“We are extremely honored and pleased to continue to be hailed by such a prestigious publication for our efforts in the algae-to-oil space,” said Riggs Eckelberry, President and CEO of OriginOil.  “With each passing day, we have seen more and more just how important it is for us to develop sustainable fuels to dramatically reduce our petroleum addiction.  Especially in light of the Oil Spill, the American public is quickly realizing that we must act quickly to satisfy the demand for scalable and affordable biofuels, and as this poll indicates, algae is the key solution.”

More information on other winners of the “Top 30 Transformative Technologies” awards can be found on the Biofuels Digest website.

News of this announcement comes on the heels of other developments from OriginOil, including the company’s signing with its first official customer, MBD Energy, an Australia-based company.  With this Memorandum of Understanding, OriginOil will supply MBD Energy with its Quantum Fracturing™ and Single-Step Extraction™ systems for a multi-phase commercialization program that has the potential for both algae harvesting and bioremediation, which can purify areas contaminated by disasters such as oil spills.

Los Angeles, CA May 20, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced today that it recently launched MAX ONE, its first mobile algae extraction laboratory. A private party of investors and supporters celebrated the unveiling at the company’s headquarters in Los Angeles.

The trailer-based system will visit algae producing companies in the US to demonstrate how OriginOil’s Single Step Extraction™ process can help them harvest their algae efficiently and cost-effectively. The system is capable of extracting oil from algae at a rate of five gallons per minute, enough to demonstrate feasibility to potential customers.

“Algae can’t succeed as a biofuel without an economical and energy-efficient way to harvest it,” said Riggs Eckelberry, CEO of OriginOil. “That’s why algae companies are eager to test our process as soon as possible. Now we can pull up in the trailer, process their algae, and analyze it for them on the spot.”

MAX ONE was launched on May 17th in front of an audience of invited investors and supporters who toured the mobile system and applauded the OriginOil technology team. Photos and video of the unveiling can be found on the MAX ONE event page.

This is more than just a strategy to sell more extraction systems, said Eckelberry. “Every algae strain out there has its own extraction profile, and there are thousands of strains,” he said. “This is a great chance to document all the different strains which will help us roll out through partners worldwide.”

While it is currently working with pioneering producers, OriginOil plans to work in the future through country and regional partners, as well as specialized manufacturers and service organizations worldwide.

On May 18th, Eckelberry participated in an industry panel at the sold-out Algae World Summit, a conference that is focused on the algae value chain and which OriginOil helped to create. He reported on the launch of MAX ONE and on the effort to document algae strains. He called for closer industry collaboration, focusing less on the differences between companies than on their shared need to get algae production scaled up quickly to meet fast-expanding demand.

Los Angeles, CA May 10, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced that industry leader MBD Energy Limited has become the company’s first algae-producing customer. Anglo American, one of the world’s largest mining companies, is a cornerstone investor in MBD Energy.

The parties recently signed a Memorandum of Understanding on a multi-phase commercialization program under which OriginOil will supply MBD Energy, an Australia-based company, with its Quantum Fracturing™ and Single-Step Extraction™ systems. Andrew Lawson, Managing Director of MBD Energy, said: “We are delighted to become OriginOil’s first major customer and we look forward to working with the OriginOil team to forge a comprehensive commercial relationship with game-changing potential in the exciting third-generation biofuels space.”

Three of Australia’s largest coal fired power generators have committed to building test facilities adjacent to their power stations using MBD’s proprietary growth system, the Algae Synthesizer, where smoke-stack CO₂ emissions are captured and used to grow oil-rich algae in solar bioreactors. This process effectively achieves BIO-CCS (Carbon Capture and Storage). In the full production systems, OriginOil’s technology will be integrated into the MBD system to enhance algae growth and perform oil extraction.

In the initial phase, OriginOil will equip MBD Energy’s research and development facility at James Cook University in Queensland, Australia, where testing will take place. The two companies agreed that, subject to the success of the initial test phase, MBD will purchase significantly larger feeding and OriginOil extraction units to serve facilities planned for its three Algal Synthesizer power station projects in Australia: Tarong Energy (Queensland), Loy Yang A (Victoria) and Eraring Energy (New South Wales).

Riggs Eckelberry, OriginOil CEO said: “We have been looking for a partner with the resources and scaling capabilities to rapidly industrialize algae production with a focus on the long-term development of our industry. We are delighted to have found this partner in MBD Energy.” Eckelberry added, “Many thanks go to MBD’s Larry Sirmans and Enrico Bombardieri, and our own Dr. Pattarkine, for their vision and persistence in making this partnership possible.”

Queensland Premier Anna Bligh officially opened MBD’s expanded R&D facility in November 2009. Premier Bligh said: “The revolutionary algal carbon capture and storage (BIO-CCS) technology is already proving successful in trials and will soon be rolled out at three coal fired power stations, including Tarong Power Station near Kingaroy. This technology has the potential to revolutionize carbon capture in Queensland and around the world.” She added: “As our state continues to grow and coal remains a key export, it is essential that we devise new ways to manage the impact of that growth on our environment.”

The Queensland Premier also announced that MBD would shortly commence construction of a one-hectare pilot plant at South Eastern Queensland’s Tarong Power Station. The trial aims to capture 700 tonnes of carbon dioxide annually and, if successful, could expand over the next 5 to 10 years to consume more than half of Tarong’s problem flue-gas emissions.

MBD’s Andrew Lawson said that each of the three current MBD power station projects has the potential to then grow to 80-hectare commercial plants, each capable of producing 11 million liters of oil for plastics and transport fuel, and 25,000 tonnes of drought‐proof animal feed annually. He said that the projects will eventually consume more than half of each of the power station’s problem flue-gas emissions.

OriginOil’s Quantum Fracturing System breaks down nutrients such as CO₂ into micro-particles that stay suspended in water longer, allowing algae to feed more efficiently. The Single-Step Extraction system is the first commercial “wet” extraction system, able to separate algae oil from its biomass without costly and energy-intensive dewatering operations.

Los Angeles, CA May 4, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, today announced a breakthrough direct-solar growth design that uses growth layers to harness the sun’s energy more effectively than existing pond systems, while greatly reducing the real estate required.

“Algae ponds and channels are great for tapping the sun’s energy, but they require vast amounts of land,” said Riggs Eckelberry, OriginOil CEO. “We simply stacked the algae layers to multiply the benefits of ‘free’ solar energy. The result is an ideal mix of sustainable growth and industrial-grade concentration.”

Scott Fraser, the company’s vice president of operations, first outlined the breakthrough at the National Algae Association’s Quarterly Conference in Houston on April 28, 2010. Mr. Fraser is shown here accepting the NAA’s prestigious Algaepreneur award. OriginOil was one of three companies presented with this award.

Barry Cohen, the NAA’s executive director, remarked: “We have been monitoring the progress and results of both open pond advocates and closed-loop system evangelists. OriginOil’s invention may finally provide a way to scale up commercial algae production.”

The company recently filed for patent protection of the new layered solar growth design, its ninth patent application, entitled “Multi-Plane Growth Apparatus and Method.” While currently focused on algae, the invention applies to the intensive growing of any crop.

The company, which is now working in the lab with the new design, plans to build it into a standard 40-foot container for field testing. Shipping containers are inexpensive, available worldwide, easy to transport and convenient for carbon credit certification.

The MultiReactor takes advantage of the fact that much more sun falls on the ground than vegetation can normally absorb. The solution is to capture it all in a stack of growth layers. The new design uses an array of lenses to direct solar radiation from the top through a system of algae channels. Algae culture is pumped continuously to the top of the array and then trickles down through the layers, ensuring equal exposure. Tapping units at the end of the stack capture valuable gases.

The growth units are oriented east-west to capture the sun’s rays throughout the day. Adjustments are made for seasonal changes in the sun’s angle of incidence. The resulting system may be 10 to 20 times more efficient than single-layer systems.

Algae prefer certain wavelengths, typically in the red and blue frequencies. This new design allows for filters and prisms to assure that only the wavelengths beneficial to algae get through, potentially diverting the rest for optional storage and night-time lighting.

Reducing the footprint required for algae growth enables co-location with industrial sources of CO₂ and nutrient-rich wastewater. These synergies make algae production more viable, and enable a distributed energy network.

View OriginOil’s MultiReactor presentation here.

Los Angeles, CA April 22, 2010 – OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, recently deposited an international PCT patent application pursuant to last year’s filing of United States patent application 61/170,698 with the United States Patent Office. The international application relates to the Single-Step Extraction™ system, OriginOil’s fifth patent pending.

The application, titled “Systems, Apparatus and Methods for Obtaining Intracellular Products and Cellular Mass and Debris from Algae and Derivative Produces and Process of Use Thereof”, discloses OriginOil’s proprietary system and industrial process for dewatering algae slurry, extracting algae lipids, separating biomass, and recovering process water in an algae production system.

OriginOil’s Single Step Extraction system is classified as wet or aqueous extraction, which can bypass multiple stages in the algae harvesting process, with substantial potential energy and equipment reductions. A chart developed by oil extraction market leader Desmet Ballestra, an OriginOil partner, illustrates the relationship of aqueous extraction to conventional processes.

“International markets will be critical to the development and commercialization of algae production technologies. Our Single-Step Extraction System represents a major advance in the all-important process of harvesting algae,” said Riggs Eckelberry, CEO. “In the past year, we have improved the efficiency of our process in recovering valuable oil and biomass, eliminating many of the capital costs and energy requirements associated with conventional systems.  This further protection of our intellectual property will allow us to pursue international opportunities, thereby facilitating the growth of the global algae industry.”