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. -- July 23, 2013
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
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
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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
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