Algae-to-Oil Pioneer OriginOil Appoints Adam Meislik to Company Board of Directors
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LOS ANGELES--OriginOil, Inc. (OOIL), the developer of a breakthrough technology to transform algae, the most promising source of renewable oil, into a true competitor to petroleum, announced the appointment of Adam Meislik to the company’s Board of Directors, effective immediately.
“Adam possesses a unique background in energy and technology capital markets, and has the strategy and execution skills necessary to help bring OriginOil to the next level,” said Riggs Eckelberry, the company’s CEO. “We are honored that he has joined our board and are optimistic about what lies ahead.”
“Having been involved in both the energy and technology sectors for two decades, it was clear to me that OriginOil holds immense potential, especially given just how much progress it has made in only a few short months,” commented Meislik. “The company’s breakthrough technology, coupled with the unmistakable energy of its team, makes me very enthusiastic about working with OriginOil, and I am looking forward to helping the organization become a global force within the new algae industry.”
Meislik is the founder of Irvine, California-based Onionomics LLC, a consulting firm that specializes in providing companies and stakeholders with crucial management and leadership expertise by evaluating advantage, assessing competitive environments and identifying industry trends and how they relate to capital formation and liquidity.
With a long history of advisory and private and public capital markets transactions, Meislik has successfully structured and closed over 100 equity and debt transactions, mergers, acquisitions and restructurings with an aggregate value of over $10 billion. In his ten-year history with CIBC World Markets, a full-service investment bank, Meislik developed and managed hundreds of relationships with high-growth companies and sponsors in technology and energy sectors.
Meislik presently serves on the Board of Directors of Lateral Data, a leading provider of software and services supporting e-discovery, and is a member of numerous professional organizations, including the Turnaround Management Association, Association for Corporate Growth and the Forum for Corporate Directors. He graduated from Tulane University with a Bachelor of Science in Management and currently resides in Irvine, California with his wife and two children.
About OriginOil, Inc.
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products, such as diesel, gasoline, jet fuel, plastics and solvents, without the global warming effects of petroleum. Other oil-producing feedstock, such as corn and sugarcane, often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. To learn more about OriginOil™, please visit our website at www.originoil.com.
Abstract/Short Description
OriginOil Appoints Onionomics founder and former CIBC investment banker Adam Meislik to Company Board of Directors.
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