Earlier this year, BioLargo announced the formation of a joint venture with BKT & Tomorrow Water to launch BioLargo’s patented odor and VOC control product CupriDyne Clean (www.cupridyne.com) into the Asian market under the brand name “Odin”. The new join venture was designed to manufacture and support distribution of the odor and VOC control products developed and sold by its subsidiary ONM Environmental, Inc. (www.onmenvironmental.com) in multiple countries throughout Asia, focusing initially on BKT’s established water and wastewater customer base.
BKT is a leading wastewater treatment solutions provider
operating in the USA, South Korea, and Vietnam with a reputation for adopting
innovative, environmentally sustainable technologies and practices. In the
agreement between BioLargo and BKT, it was planned that the joint venture would
eventually move its headquarters to the city of Daegu, which is a center for
high-tech innovation in South Korea.
The BKT/BioLargo joint venture (Odin) is now officially
moving its headquarters to the Korea Water Cluster in Daegu. The Korea
Water Cluster is a newly opened water innovation hub in Daegu that provides
significant business, scientific, engineering, human resources, and logistical
assets to companies. Odin is set to be the first international joint venture
headquartered at the Korea Water Cluster campus.
Water clusters and innovations groups exist all over the world, but the Korea Water Cluster is unique because of its significant physical footprint in Daegu, its substantial physical resources, and the funding it has received from the South Korean government. The Korea Water Cluster’s campus spans over 14 square kilometers, with state-of-the art testing facilities and business support centers.
Overview of Korea Water Cluster facilities (source: www.watercluster.or.kr) |
James Kim, COO of BKT, commented on the importance of the
move to Daegu, “the Water Cluster will be a hub for R&D in the water industry, and it will introduce innovative
technologies in one place, providing opportunity for collaboration and
cooperation among companies and ventures.”
He continued, “Korea Water Cluster will be a test bed and
showcase for many innovative technologies not only for Korean clients but also
many other clients in Asia. Odor is one of the major issues that wastewater
treatment plants would like to remove, and it is becoming more important. By
moving its headquarters to this Water Cluster, Odin will be naturally exposed
to more clientele in Korea and also in Asia. BioLargo and Tomorrow Water signed
an MOU with the City of Daegu at the WEFTEC last year, and the Mayor of Daegu
promised strong support on market expansion in this region. Odin is the first
foreign invested joint venture who moved into this cluster.”
Odin’s move to the Korea Water Cluster comes at a time when
the joint venture is working to establish its manufacturing base for odor and
VOC control products in South Korea. Not only will the move provide access for
Odin to key opinion leaders in the water innovation industry in South Korea,
but it will allow for significant business-to-business collaboration as the
joint venture partners works to market Odin products in the region.