Odyssey Oil and Energy (OOGI) Undiscovered MicroCap
Odyssey Oil and Energy [[OOGI.OB]] is a green technology company with two separate operating entities, one deals in carbon sequestration and one deals in advanced battery technology.
ALG Bio Oil Ltd., is a wholly owned subsidiary that focuses on the bio-fixation of carbon dioxide emissions from various industrial processes to produce carbon neutral products and the release of oxygen into the atmosphere.
ALG is currently operating in a joint venture with Xstrata PLC the world’s largest producer of ferrochrome in a project at one of Xstrata’s Ferro-chrome smelters near Rustenburg in South Africa to capture and sequestrate the CO2 off gas emissions. Currently all the (CO) carbon monoxide off gas from the ferrochrome smelters is flared to (CO2) carbon dioxide and released into the atmosphere.
ALG Western Oil recently completed a pilot plant at Xstrata’s Boschoek Smelter to finalize certain tests before rolling out on a commercial scale. The key to the future is integrating new and proven technology and synergizing the complete project.
H-Power (Pty) Ltd., is 51% owned by OOGI, it has advanced battery technology and know-how to jumpstart a new wave of battery knowledge globally with registered patent rights. This innovation not only revolutionizes the functionality of conventional battery power but also provides for novel methods of using battery power with the added potential of reducing CO2 emissions and thereby also reducing conventional energy’s overall carbon footprint.
The breakthrough technology used by H-Power’s batteries are a quantum leap ahead of any existing battery technology in the world, because the H-Power product consists of a multi pole battery that can be charged and discharged simultaneously.
In all practical terms it implicates that mobile phones and laptop computers can now be fitted with photovoltaic/solar cells that can charge the batteries while the instruments are in use. The utilization of this technology in the automotive industry will ensure fuel savings of around 10% and will also have a vast impact on the effectiveness of hybrid and semi-hybrid vehicles.
This new internal grid technology can also be used in all types of batteries, and tests also indicated 96% effectiveness in relation to between 45% to 65% for the best conventional battery on the market.
OOGI Investor Highlights
ALG Western Oil (Pty) Ltd. a wholly owned subsidiary of OOGI is currently operating in a joint venture with Xstrata PLC., the world’s largest producer of ferrochrome in a project at one of Xstrata’s Ferro-chrome smelters near Rustenburg in South Africa.
OOGI announced the completion of the Pilot Plant at Xstrata Alloys smelter in Boshoek. The plant will produce bio-fuels from algae and capture the carbon emissions from the smelter. The pilot plant will also be the foundation and part of the full commercial plant to be built on site.
OOGI announced H-Power International (Pty) Ltd, 51% owned by Odyssey, has entered into negotiations with a major international wind energy company to utilize H-Power’s patented Hybrid Battery Technology to store the power generated by the wind farms.
Announced the acquisition of 51% of H-Power International (Pty) Ltd. The acquisition gives Odyssey the exclusive worldwide rights over the patented Hybrid Battery Technology.
The breakthrough technology used by H-Power’s batteries are a quantum leap ahead of any existing battery technology in the world, because the H-Power product consists of a multi pole battery that can be charged and discharged simultaneously.
In all practical terms it implicates that mobile phones and laptop computers can now be fitted with photovoltaic/solar cells that can charge the batteries while the instruments are in use.
The utilization of this technology in the automotive industry will ensure fuel savings of around 10% and will also have a vast impact on the effectiveness of hybrid and semi-hybrid vehicles.
This new internal grid technology can also be used in all types of batteries, and tests also indicated 96% effectiveness in relation to between 45% to 65% for the best conventional battery on the market.
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