New Global Energy and OriginOil to Establish Permanent Technology Showcase near California's Salton
New Global Energy and OriginOil to Establish Permanent Technology Showcase near California's Salton Sea
New Global Energy has entered into an agreement to showcase and test OriginOil's Electro Water Separation™ processes
CHEYENNE, Wyo.--(BUSINESS WIRE)-- New Global Energy, Inc. (OTC/QB: NGEY), has entered into an agreement with Origin Oil, developer of Electro Water Separation™, the high-speed, chemical-free way to clean up very large quantities of water used by the oil & gas, algae and other water-intensive industries, announced today that it will establish a permanent technology showcase at Aqua Farming Technology, a leader in sustainable fish farming since 1993 in California's Coachella Valley.
"At Aqua Farming Tech, Rocky French operates a 120-acre model of sustainability," said Riggs Eckelberry, OriginOil CEO. "We're honored that he's working closely with us to set up a permanent showcase within driving distance of our headquarters in Los Angeles."
"We've hit the limit of what we can do in our Los Angeles lab," said Nicholas Eckelberry, OriginOil co-founder and chief inventor. "We need lots of algae and big fish ponds to demonstrate how our systems work.
In addition to hosting the commercial showcase, New Global Energy (OTC/QB: NGEY), owner of the Aqua Farming tech site, will help OriginOil develop sales prospects in the Asia-Pacific region and elsewhere, taking full advantage of Rocky French's extensive industry network.
"This is a win-win for all parties," said Perry West, Chairman of New Global Energy. "OriginOil's systems will help show off our tools to relaunch the Coachella Valley fish farming industry, and OriginOil gets its full-scale demonstration site. We plan to invite aqua farmers from all over the world to visit the site and see for themselves."
In June, OriginOil demonstrated at the Aqua Farming Tech site (see video) that by adopting OriginOil's Electro Water Separation (EWS), farms can free up valuable land lost to filtration ponds, and reduce or eliminate expensive chemicals and antibiotics. The system also allows fish farmers to quickly harvest algae and pelletize it for highly nutritious and cost-effective fish feed.
According to a 2013 study, World Aquaculture: Feed, Equipment & Chemicals, by Freedonia, world demand for aquaculture supplies and equipment is expected to grow 7.4 percent per year to $63.6 billion in 2017. More intensive aquaculture will require a greater variety of equipment, including pumps, filters, feeders, water quality monitors, and water treatment equipment.
New Global Energy, Inc. is focused on the development of its Global Energy Plantation ("GEP") Platform which combines alternative energy production, sustainable agriculture and aquaculture. It anticipates the use of non centralized alternative energy power plants, Jatropha based biofuels and aquaculture operations to produce power for its own use and to feed into the power grid serving local power needs while producing farm grown fish and shrimp as food products. http://www.newglobalenergy.net.
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 update, 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. 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 our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
New Global Energy Inc.
Perry West, 307-633-9192
KEYWORDS: United States North America California Wyoming
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