Westminster, CA – February 8, 2021 – BioLargo, Inc. (OTCQB:BLGO), a developer of sustainable technologies and a full-service environmental engineering company, today announced that its wholly owned subsidiary ONM Environmental has acquired a deodorizing and sanitizing technology, called EcoMist®, that helps raise the customer care bar for solid waste collectors to treat all types of waste receptacles in real time during pick up.
EcoMist® is a device installed directly onto any waste collection vehicle that automatically sprays odor control products and/or sanitizer into refuse bins or dumpsters during the waste collection process. ONM plans to test market the product directly with its major solid waste handling customers by packaging it with its popular odor and VOC control product CupriDyne Clean. A video showing EcoMist® in operation can be viewed here: https://www.biolargo.com/ecomist-video
EcoMist® is easy to install and use. It works “out-of-the-box”, allowing customers to install the system themselves, and meaning ongoing sales will not require a significant investment in logistics and servicing. ONM’s acquisition of EcoMist® is part of its strategy to grow revenues of its air quality control division through chemistry deployment systems that lead to more scalable sales of its disruptive odor and VOC control product CupriDyne® Clean. It also helps ensure ONM can provide the largest waste handling companies in the country with a broad range of tools to solve their odor and VOC control challenges in all facets of their business.ONM’s only obligation under the acquisition agreement is a
10% royalty on EcoMist®
system sales.
President of ONM Environmental Joseph Provenzano commented,
“To the best of our knowledge the EcoMist system is one of a kind. We believe it is a good fit to enhance
business growth and another example of how we continue to deliver valuable
solutions for our customers while helping keep our environment cleaner, safer
and healthier, as we pursue our overarching mission to ‘make life better’”.
About BioLargo, Inc.
BioLargo,
Inc. (OTCQB:BLGO) invents, develops, and commercializes innovative platform
technologies to solve challenging environmental problems like PFAS
contamination, advanced water and wastewater treatment, industrial odor and VOC
control, air quality control, and infection control. With over 13 years of
extensive R&D, BioLargo holds a wide array of issued patents, maintains a
robust pipeline of products, and provides full-service environmental engineering. Our
peer-reviewed scientific approach allows us to invent or acquire novel
technologies and develop them to maturity through our operating subsidiaries.
With a keen emphasis on collaborations with academic, municipal, and commercial
organizations and associations, BioLargo has proven itself with over 80 awarded
grants and numerous pilot projects. We monetize through direct sales, recurring
service contracts, licensing agreements, strategic joint venture formation
and/or the sale of the IP. Several of our technologies are commercially
available and are advancing as disrupters in their respective markets. See our
website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act – caution regarding forward
looking statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements include without limitation those
about BioLargo’s (the “Company”) expectations regarding the impact of the
COVID-19 pandemic; anticipated revenue; and plans for future operations. These
statements involve risks and uncertainties, and actual results may differ
materially from any future results expressed or implied by the forward-looking
statements. Risks and uncertainties include without limitation: the effect of
the COVID-19 pandemic on the Company’s business, results of operations,
financial condition, and stock price; the effect of regional economic
conditions on the Company’s business, including effects on purchasing decisions
by consumers and businesses; the ability of the Company to compete in markets
that are highly competitive and subject to rapid technological change; the
ability of the Company to manage frequent introductions and transitions of
products and services, including delivering to the marketplace, and stimulating
customer demand for, new products, services, and technological innovations on a
timely basis; the dependency of the Company on the performance of distributors
of the Company’s products. More information on these risks and other potential
factors that could affect the Company’s business and financial results is
included in the Company’s filings with the SEC, including in the “Risk Factors”
and “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” sections of the Company’s most recently filed periodic reports on
Form 10-K and Form 10-Q and subsequent filings. The Company assumes no
obligation to update any forward-looking statements or information, which speak
as of their respective dates.
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