OriginOil (Symbol:OOIL) Experiencing Growth in Several Markets

 
NEW YORK - Oct. 9, 2014 - PRLog -- OriginOil, Inc (OOIL) made a big announcement that one of its licensees, Industrial Systems Inc, selling four EWS technology based systems to Synergy Resources for produced water and oily waste treatment in Trinidad and Tobago. This is the first OriginOil licensee to sell industrial water systems integrating Electro Water Separation Technology.

The island nation Trinidad & Tobago has been a major producer and refiner of oil and gas for over 100 years. Trinidad and Tobago is the largest oil and gas producer in the Caribbean with significant activity by major multinational oil and gas corporations. The country also has extensive environmental legislation, including the Water Pollution Rules, implemented in 2001 under the Environmental Management Act, which regulate the quality of effluent from oil and gas facilities and requires treatment of produced water before discharge to the environment.

The four units sold to Synergy and built for on-site processing of waste oil are each capable of treating 250 barrels or about 10,000 gallons per day of contaminated water. Synergy Resources expects the system to reduce water treatment costs, lessen adverse environmental impacts, decrease freshwater requirements for industrial processes such as steam reinjection for enhanced oil recovery, and help operators comply with environmental regulations.

In addition to the developments abroad, Origin has also been busy stateside in the further development of its GEN 2 prototype designed to process about 3,000 barrels per day. In the company's latest CEO Update, Mr. Riggs Eckelberry explains that he expects this to be operational before the end of next week stating, "That’s when the excitement will REALLY begin."

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Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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Tags:Oil, Gas, Originoil, Clean Frac, Gen 2
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