OriginOil ships first production unit: - Analyst Blog
July 13 2012 - 5:30AM
Zacks
OriginOil ships first production unit:
Ian Gilson, CFA
OriginOil (OOIL) has shipped the
first production unit of its Model 4 Algae Appliance harvester to
its JV Ennesys, Paris, France, to be used for water management in
the La Defense complex.
The unit will be installed at a site designed by Ennesys to test
the suitability of algae production in helping large commercial
buildings achieve a positive energy balance.
The model 4 sells for about $35,000 as a test unit. Revenue
recognition by OriginOil is when the unit is delivered to the site.
This will be this month, July, 2012.
Please visit scr.zacks.com to access a free copy
of the full OOIL research report.
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