OOIL: The company's technology can be used in the $100
billion aquaculture industry to remove toxins.
By Ian Gilson, CFA
Origin Oil (OTC Markets:
has announced that its Solids out of Solution (SOS) technology is
capable of significantly reducing the concentration of ammonia in
water, achieving a 99% in ammonia concentration in a test sample
containing 30 ppm of ammonia. Ammonia is produced in the
putrefaction of animal (or Piscean , the fishy smell) matter. It
is poisonous to fish and has to be removed in aquaculture.
The company has agreed to develop a cooperative partnership with
WeFeedUs, a Pennsylvania based aquaculture company, to test and
validate the control of ammonia and bacteria in aquaculture. This
is a $100 billion plus industry worldwide and algae is currently
used as a fish food.
This is another example of Origin Oil's strategy of providing
unique applications of its technology across many industries.
Unfortunately there is a lag between the inventions, their
applications and the generation of royalty revenue to the
company. This lag has had an impact of the stock price and this
may continue. As a result we have decided to reduce our
recommendation from Outperform to Neutral and we will reassess
this as the applications move closer to revenue generation.
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