BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences innovator and engineering services solution provider. Our core products address PFAS contamination, achieve advanced water and wastewater treatment, control odor and VOCs, improve air quality, and control infections and infectious disease. Our approach is to invent or acquire novel technologies, develop them into product offerings, and extend their commercial reach through licensing and channel partnerships to maximize their impact.
Monday, 14 October 2024
New Home for the BioLargo Blog - www.biolargo.com/blog
Wednesday, 18 September 2024
BioLargo Engineering's Battery Event Highlighted in Local News
An NBC affiliate in Knoxville covered the story of our ribbon-cutting ceremony today - watch for yourself below!
Monday, 16 September 2024
BioLargo to Host Ribbon-Cutting Event for Battery Pilot Manufacturing Facility
Westminster, CA – September 16, 2024 – BioLargo, Inc. (OTCQX:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, announced that it will be hosting a ribbon-cutting ceremony to showcase its pilot-scale manufacturing facility for its CellinityTM next-generation battery energy storage technology. The invite-only event will take place on September 21, 2024, at BioLargo’s engineering headquarters and manufacturing facilities in Oak Ridge, Tennessee.
Cellinity is BioLargo’s next-generation battery platform designed to provide safe, environmentally conscious large-format long-duration battery energy storage for applications including grid-scale storage, renewable energy storage, charging stations for electric vehicles, and a variety of other commercial and industrial applications. The company will give a tour of the company’s manufacturing facility as well as presentations about how Cellinity batteries could improve and empower renewable energy storage and grid reliability in Tennessee and anywhere hoping to rely on renewable energy. The company will also present a new prototype scaled-up version of its Cellinity battery cells.According to BioLargo President and CEO Dennis P. Calvert, “We
are excited to share more information about Cellinity at this event, including
showcasing the design of our larger Cellinity cell that will be used in
commercial Cellinity battery systems. While much work is left to be done before
the facility is producing finished, commercial-grade batteries, we’re excited
to celebrate the impressive progress our engineers have made toward that goal.”
He continued, “We are also thrilled to host our potential
international partners from Norway, where we hope to advance our business model
to ‘sell factories, not batteries’. Much like North America, Northern Europe
has made tremendous headway in developing renewable energy projects, but just
like in America, safe and affordable battery energy storage systems are crucial
to empowering the transition to green energy in Europe. We have a number of
projects in development.”
Learn more about Cellinity at www.BioLargoEnergy.com.
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Monday, 9 September 2024
Clyra Medical Technologies, a Subsidiary of BioLargo, Appoints Dr. Steven J. Kavros as Chief Medical Officer
Dr. Kavros brings a wealth of medical expertise and experience in advanced wound healing and limb preservation to his new role at Clyra. He spent over 20 years at the prestigious Mayo Clinic in Rochester, MN, where he served as Director at the Gonda Vascular Wound Healing Center, and was involved in both research and patient care. He was also deeply engaged in medical education as Associate Professor at the Mayo Clinic's Alix School of Medicine.
Dr. Kavros is also an accomplished researcher and speaker, having given over 1,800 presentations related to his research activities at national and international conferences, and lead author of numerous peer-reviewed papers centered on new medical technologies and evidence-based medicine.
In addition to his clinical and academic achievements, Dr. Kavros has a proven track record in the medical device industry, successfully bringing to market multiple products in advanced wound healing, limb preservation, and orthopedics. He has also served in leadership roles at EPIEN Medical, TEI Biosciences, Miromatrix Medical, and Innovacyn.
Dr. Kavros earned a bachelor's degree in Biology with honors and a minor in Chemistry from Rutgers University and subsequently graduated from Temple University School of Podiatric Medicine with highest honors in surgery, orthopedics, biomechanics and podiatric medicine. Dr. Kavros is also a certified wound specialist through the American Board of Wound Management, a fellow of the American College of Certified Wound Specialists, and a founding member of the American Professional Wound Care Association, where he also served as scientific chair and later as its president from 2015-2019.
Clyra CEO Steve Harrison commented "Dr. Kavros' unique blend of clinical expertise and business insight will prove invaluable to support our significant investments for at-scale manufacturing and distribution of our Bioclynse product. His skills in leadership, team building, and entrepreneurship align perfectly with Clyra's vision and goals."
About Clyra Medical Technologies, Inc.
Clyra Medical Technologies, founded on our mission of "Make Lives Better", is a healthcare company that develops and commercializes products designed to safely treat wound and skin infections and promote wound healing, while reducing the need for antibiotics.
Clyra Medical Technologies is a proud member of the BioLargo Family of Companies (www.biolargo.com). Clyra is a subsidiary of BioLargo, Inc., a publicly traded company, with the stock symbol (OTCQX:BLGO) BioLargo is a technology innovator and solutions provider focused on some of the world's most pressing human health and environmental challenges including advanced water treatment, environmental remediation, air quality control, medical technologies, and more.
About BioLargo, Inc.
BioLargo, Inc. (OTCQX: BLGO) is a cleantech and life sciences innovator and engineering services solution provider. Our core products address PFAS contamination, achieve advanced water and wastewater treatment, control odor and VOCs, improve air quality, enable energy-efficiency and safe on-site energy storage, and control infections and infectious disease. Our approach is to invent or acquire novel technologies, develop them into product offerings, and extend their commercial reach through licensing and channel partnerships to maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
dennis.calvert@biolargo.com
888-400-2863
Tuesday, 13 August 2024
BioLargo Earnings Results Webcast and Conference Call on Wednesday, August 14, 2024 - 1:30 PM Pacific Time
WESTMINSTER, CA / ACCESSWIRE / August 13, 2024 / BioLargo, Inc. (OTCQX:BLGO), a developer of sustainable technologies and full-service environmental engineering company, announced it will host an investor webcast and conference call on Wednesday, August 14, 2024 at 1:30 pm Pacific Time / 4:30 pm Eastern Time. The event, which will be open to the public, will be held to review the company's financial results for the three months and six months ended June 30, 2024, discuss recent milestones, and conduct a question-and-answer session.
To listen to a live broadcast, go to the site linked below at least 15 minutes prior to the scheduled start time to register and download any necessary audio/video software.
To participate in the live webcast and teleconference:
Webcast Link: https://www.webcaster4.com/Webcast/Page/2448/51101
Teleconference Domestic: 877-545-0523
Teleconference International: 973-528-0016
Participant Access Code: 739107
To watch or listen to a replay of the webcast or teleconference:
Teleconference Replay Expiration: August 28, 2024
Webcast Replay Expiration: November 14, 2024
Teleconference Replay Domestic: 877-481-4010
Teleconference Replay International: 919-882-2331
Replay Passcode: 51101
The webcast replay and accompanying presentation materials will be made available on the Investor Relations section of BioLargo's website at www.biolargo.com/investor-relations.
About BioLargo, Inc.
BioLargo, Inc. (OTCQX:BLGO) is a cleantech and life sciences innovator and engineering services solution provider. Our core products address PFAS contamination, achieve advanced water and wastewater treatment, control odor and VOCs, improve air quality, enable energy-efficiency and safe on-site energy storage, and control infections and infectious disease. Our approach is to invent or acquire novel technologies, develop them into product offerings, and extend their commercial reach through licensing and channel partnerships to maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
This press release may contain 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") 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: 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.
Contact Information
Dennis Calvert
President and CEO
dennis.calvert@biolargo.com
(949) 235-8062
SOURCE: BioLargo, Inc.
Tuesday, 6 August 2024
BioLargo Achieves Record Quarterly Revenue of $5 Million for Second Quarter of 2024
Q2 2024 revenues grew 247% compared to same three months last year
Westminster, CA – August 6, 2024 – BioLargo, Inc. (OTCQX:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, announced preliminary results for its second quarter ended June 30, 2024:
- Companywide revenue ($5.0 million) for the quarter increased 247% compared with the second quarter of 2023 and increased 5% compared to the first quarter of 2024 (revenues for the six months ended June 30, 2024, increased 88% over the first six months of 2023).
- The company had a net loss for the quarter of $780,000, which included approximately $540,000 in non-cash stock option compensation expense.
- At June 30, 2024, the company had $4.8 million in cash and cash equivalents, and $10.1 million total assets.
- The company’s total stockholder’s equity increased to $5.9 million as of June 30, 2024.
BioLargo’s President and CEO Dennis P. Calvert said of the
results, “We had another quarter of record revenues, and we continue to
strengthen our balance sheet. We are in a strong position to continue advancing
the commercialization of our multiple cleantech products and services.”
The company is still working to finalize its quarterly report on
Form 10-Q for the period ended June 30, 2024, which it intends to file on or
before the August 14, 2024 deadline. The revenue estimates described here are
preliminary and subject to change pending the review process.
The company plans to hold an earnings conference call and webcast
on August 14, 2024, to discuss its results, and will provide more information
about this event soon.
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Monday, 8 July 2024
New Study Confirms Forever Chemicals Are Absorbed Through Human Skin
Tuesday, 2 July 2024
Chemical Makers Sue Over Rule to Rid Water of ‘Forever Chemicals’
Unsurprisingly, in the wake of new PFAS regulations, some in the industry are pushing back against the tough new treatment standards.
Great story in the New York Times on the topic: https://www.nytimes.com/2024/06/10/climate/pfas-forever-chemicals-lawsuit.html
On June 10, the New York Times reported a lawsuit by several chemical and manufacturing groups against the federal government over the per- and polyfluoroalkyl (PFAS) “Forever Chemical” drinking water standards announced by the EPA two months prior. The groups claim that the new regulations exceed the government’s authority under the Safe Drinking Water Act by requiring municipal water systems across the country to filter out some of the synthetic chemicals to near non-detectable levels.While the EPA has said that the new standard will prevent serious illness and even death for thousands of people, these groups, along with some utilities, have brought challenges against the standard, questioning the science behind it and citing the potential cost of filtering out the chemicals. The American Water Works Association and the Association of Metropolitan Water Agencies believe the EPA have “significantly underestimated” the cost for treatment plants to meet the new standards, with the EPA estimating about $1.5 billion annually to comply and utilities claiming it could cost twice that amount.
Ahead of the filing, Brenda Mallory, chair of the White House’s Council on Environmental Quality, in a public address defended the administration’s standards, stating: “Everyone should be able to turn on the tap and know that the glass of water they fill is safe to drink”. EPA officials also stated that the standard was based on the best available science and designed to be, “robust enough to withstand litigation”.
Thursday, 20 June 2024
BioLargo Engineering Increases Ongoing Revenue with Another Air Force Contract
USAF work now amounts to over $100,000 in revenue per month.
Westminster, CA – June 20, 2024 – BioLargo, Inc. (OTCQX:BLGO),
a company that creates and commercializes sustainable technologies to solve
tough environmental and cleantech challenges, announced that its engineering subsidiary
has been awarded a subcontract to provide air quality services to two Arizona U.S.
Air Force bases for up to four years, with expected annual revenue of approximately
$812,000.
The news comes on the heels of a similar recently
announced contract award to serve three Air Force bases in New Mexico,
which has a potential annual average revenue of $650,000. BioLargo’s work at
the Arizona bases consists primarily of the air quality regulatory compliance
portion of a Fence-to-Fence (F2F) support contract through prime contractor HLTLI
Joint Venture, LLC, a joint venture between HL Environmental Services and TLI
Solutions.
The four-year prime contract secures pricing for F2F
services over the term of the contract but does not guarantee continuation of
the contract over that duration. In the past, BioLargo’s engineers have
continued providing services through the duration of the prime contract. In
total, BioLargo Engineering’s work at Air Force bases now amounts to over
$100,000 of revenue per month.
BioLargo Engineering, Science & Technologies President
Randall Moore commented, “We are pleased and honored to continue providing vital
engineering services to the United States Air Force and supporting their active
mission and environmental compliance needs. These new contracts will provide
for over $100,000 a month of ongoing fixed revenues while we continue to expand
our abilities to support new opportunities.”
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Wednesday, 12 June 2024
BioLargo Subsidiary Clyra Medical Selects Keystone Industries to Support Manufacturing of its Medical Products
Bioclynse is Clyra’s FDA 510(k) cleared, safe, highly effective, broad spectrum wound irrigation solution with enormous potential to improve patient outcomes in applications like orthopaedic surgery and dentistry. Advantages of Bioclynse include:
- Non-cytotoxic, non-sensitizing, no damage to tissue
- No rinse-out required
- Non-staining
- Sustained multi-day efficacy
- Effective against biofilms
Cary Robinson, President and CEO of
Keystone Industries, said, “We are excited to support Clyra Medical
Technologies to bring Bioclynse to the market. Keystone has a century of
experience in developing and manufacturing medical device, OTC and
pharmaceutical products. We have committed a significant investment in our
infrastructure to support the manufacturing of innovative products like Clyra’s
Bioclynse and can readily provide the needed support to scale up production
rapidly.”
Steve Harrison, President of Clyra Medical Technologies,
commented, “We are continuing to work hard and spend money to support the scaled
roll-out of the Bioclynse surgical wound irrigation solution. Finding a manufacturing
partner willing to invest significant money in new equipment and dedicated space
was critical to these efforts. We look forward to a long and mutually
prosperous relationship with Keystone.”
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences innovator and engineering services solution provider. Our core products address PFAS contamination, achieve advanced water and wastewater treatment, control odor and VOCs, improve air quality, enable energy-efficiency and safe on-site energy storage, and control infections and infectious disease. Our approach is to invent or acquire novel technologies, develop them into product offerings, and extend their commercial reach through licensing and channel partnerships to maximize their impact. See our website at www.BioLargo.com.
About Keystone Industries, Inc.
Keystone Industries is a market
leader with over 100 years experience in developing cosmetic, medical device,
OTC and pharmaceutical products. The company operates through a diverse network
of over 800 U.S. and international distribution partners in more than 70
countries. Keystone maintains FDA licensing, ISO 13485 (medical device) and
22716 certifications, as well as GMP certification and international product
registrations. Keystone’s commitment to innovation and quality ensures that the
company consistently exceed the evolving needs of their customers. See our
website at www.keystoneindustries.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Tuesday, 11 June 2024
BioLargo Manufactures First Cellinity Battery Cells, a Safer Alternative to Lithium-ion
Westminster, CA – June 11, 2024 – BioLargo, Inc. (OTCQX:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, announced that it had succeeded in manufacturing its first CellinityTM “Liquid Sodium” prototype battery cells. Visit www.BioLargoEnergy.com to learn more.
Cellinity is BioLargo’s next-generation battery platform designed to provide safe, environmentally conscious large-format long-duration battery energy storage for applications including grid-scale storage, renewable energy storage, charging stations for electric vehicles, and a variety of other commercial and industrial applications. Cellinity is not a lithium-ion battery – rather, it uses a unique chemistry involving molten salt electrolytes that imparts substantial benefits over lithium-ion chemistry. These newly manufactured Cellinity prototype cells will now be tested and validated for the energy storage and transfer performance claims that were generated in the technology’s early-stage research and development by its original inventors:
- Far greater safety – no runaway fires, no risk of explosion;
- Extremely long-lasting – no performance decrease over thousands of cycles;
- No self-discharging, no out-gassing, and no parasitic load for cooling;
- High energy density – more energy per unit of weight than lithium batteries;
- All materials can be sourced within North America without the need for rare-earth elements.
“Successfully manufacturing our first battery cells is a
pivotal moment in the journey of our battery technology,” said Dennis P.
Calvert, President and CEO of BioLargo. “The testing and validation of these
cells will allow us make claims about the capacity, charge/discharge rate, and other
performance characteristics that we believe differentiate our batteries in the
marketplace. After testing and validation, we will manufacture full-scale prototype
Cellinity battery modules in 25- and 45-kilowatt hour capacities for further testing
and validation.”
He continued, “In parallel to our ongoing development of the
Cellinity battery, we’re exploring various financing options that ensure we get
paid for and are in control of the engineering and construction of
manufacturing facilities. Although initial discussions have taken place, we
have no agreements in place. We believe a licensing and partnership model to be
a better alternative to self-financed and self-operated manufacturing
facilities competing with the likes of Tesla, and well suited for community-based
manufacturing partners focused on underserved communities that are in special
need of reliable renewable energy. Our target projects will add value to
communities, develop workforces, stimulate economic development, promote grid
stability and enable the development and expansion of micro-grids around the
world. We will fundamentally enable and enhance the adoption of renewable energy.”
Mr. Calvert finished by saying, “The world needs a reliable,
safe and eco-friendly alternative to lithium batteries, and we believe our
Cellinity battery will meet these needs.”
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Friday, 7 June 2024
BioLargo Engineering Secures Multi-Year Air Force Base Air Compliance Project
Westminster, CA – June 7, 2024 – BioLargo, Inc. (OTCQX:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, announced that its engineering subsidiary has been awarded a contract to provide air quality services to three New Mexico U.S. Air Force (USAF) bases for up to five years, with a potential annual average revenue of $650,000.
The new contract is in addition to ongoing environmental
support work at six Air Force bases and is the company’s largest dollar-value Air
Force contract to date. These contracts provide regularly monthly flat fee
revenue to the company over the life of the contract, which the Air Force may
renew each year. BioLargo’s work at the New Mexico bases includes air quality
regulatory compliance. Bhate Environmental Associates is the prime contractor
with the Air Force under the Fence-to-Fence (F2F) support contract.
BioLargo Engineering, Science & Technologies President
Randall Moore commented, “Our team has served Air Force bases with
fence-to-fence air quality compliance services for years, but this is the
largest such contract we’ve secured to-date. Larger, long-term contracts such
as this one are crucial to our strategy of securing steady, reliable income
from external clients. This empowers us to focus on commercializing BioLargo’s
innovative cleantech technologies, including advancements in water treatment,
energy storage, and air quality solutions.”
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
About Bhate Environmental Associates, Inc.
Bhate Environmental Associates, Inc. (Bhate) provides a
diverse range of technical services in the environmental and infrastructure
markets to the federal government and private industry. Headquartered in
Birmingham, Alabama, Bhate’s reach is both national and global. At Bhate, we
value high standards of safety, professionalism, ethics, and service to our
clients. We foster a collaborative environment that encourages innovative ideas
while providing challenges and rewards for our dedicated staff. Through our
team’s Responsiveness, Integrity, and Teamwork, Bhate delivers professional,
quality, cost-effective, and on-time results to our clients. See their website
at www.Bhate.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Tuesday, 14 May 2024
BioLargo Generates Positive Operating Cash Flow on Record Quarterly Revenues for First Quarter of 2024
Westminster, CA – May 14, 2024 – BioLargo, Inc. (OTCQB:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, announced that the company generated $481,000 operating cash flow with record quarterly revenues of $4,760,000 for the three months ended March 31, 2024. The company filed its quarterly report on Form 10-Q with full financial results, available at www.biolargo.com/sec-filings.
BioLargo will hold an investor webcast on Tuesday May 14,
2024, at 2:30 pm Pacific Time, at the following link, open to the public: https://www.webcaster4.com/Webcast/Page/2448/50622
BioLargo’s President and CEO Dennis P. Calvert discussed the
results of the quarter, “We’ve had several years in a row of exceptional revenue
growth, and as a result generated positive cashflow from operations this past
quarter. Our goal, of course, is positive net income, and results like these
bring us closer to achieving that goal.”
He continued, “BioLargo is executing on a winning formula: a
team of highly qualified people dedicated to inventing, proving, and partnering
to capitalize on a diversified portfolio of transformative technologies with
the potential to create real change in the world.”
Financial highlights from the first quarter of 2024:
- Companywide revenue for the three months ended March 31, 2024, grew to $4,760,000, a 9% increase over the fourth quarter of 2023 and a 28% increase over the first quarter of 2023.
- The company generated positive cash from operating activities (cashflow) of $481,000, compared with negative $2,000 in the fourth quarter of 2023.
- The company’s net stockholder’s equity increased from $4.2 million to $5.1 million.
- Net loss was $775,000, a 32% decrease compared to the previous quarter and a 57% increase compared to the same period of 2023. Net loss included $623,000 in non-cash equity compensation expenses.
Business highlights from the first quarter of 2024:
- Launched water equipment subsidiary to capitalize on opportunities in PFAS and water treatment.
- Appointed key industry leaders to board of water equipment subsidiary: Sally Gutierrez, former U.S. EPA Senior Advisor for Water; Jeffrey Kightlinger, recognized water industry leader; and Larry Dick, former Vice Chairman of the board of Metropolitan Water District of Orange County.
- The U.S. EPA finalized two important sets of regulations on PFAS that will influence the growth of the PFAS treatment market and may disproportionately favor our PFAS treatment technology because of its high efficacy against all types of PFAS and its low rate of production of solid PFAS-laden waste as a treatment byproduct.
- Clyra is making substantial investments for scaled-up distribution of its Bioclynse line of products and contracting with third parties for FDA-compliant product manufacturing.
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Friday, 10 May 2024
BioLargo Q1 2024 Earnings Results Webcast and Conference Call on Tuesday, May 14, 2024 - 5:30 PM Eastern Time
WESTMINSTER, CA / May 10, 2024 / BioLargo, Inc. (OTCQB:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, announced it will host an investor webcast and conference call on Tuesday, May 14, 2024, at 2:30 pm Pacific / 5:30 pm Eastern. The event, which will be open to the public, will be held to review the company's financial results for the three months ending March 31, 2024, discuss recent milestones, and conduct a question-and-answer session.
To listen to a live broadcast, go to the site linked below at least 15 minutes prior to the scheduled start time to register and download any necessary audio/video software.
To participate in the live webcast and teleconference:
Webcast Link: https://www.webcaster4.com/Webcast/Page/2448/50622
Teleconference Domestic: 877-545-0523
Teleconference International: 973-528-0016
Participant Access Code: 447613
To watch or listen to a replay of the webcast or teleconference:
Webcast Replay Expiration: Sunday, July 14, 2024
Teleconference Replay Expiration: Tuesday, May 28, 2024
Teleconference Replay Domestic: 877-481-4010
Teleconference Replay International: 919-882-2331
Replay Passcode: 50622
The webcast replay and accompanying presentation materials will be made available on the Investor Relations section of BioLargo's website at www.biolargo.com/investor-relations.
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences innovator and engineering services solution provider. Our core products address PFAS contamination, achieve advanced water and wastewater treatment, control odor and VOCs, improve air quality, enable energy-efficiency and safe on-site energy storage, and control infections and infectious disease. Our approach is to invent or acquire novel technologies, develop them into product offerings, and extend their commercial reach through licensing and channel partnerships to maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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.
Tuesday, 23 April 2024
EPA Adds PFAS to CERCLA (Superfund) Law, Favoring Low-Waste Systems like BioLargo’s AEC
BioLargo’s PFAS treatment technology generates a fraction of the waste compared to carbon filtration
In the EPA
press release, EPA Administrator Michael S. Regan stated, “Designating
these chemicals under our Superfund authority will allow EPA to address more
contaminated sites, take earlier action, and expedite cleanups, all while
ensuring polluters pay for the costs to clean up pollution threatening the
health of communities.” These new regulations come on the heels of the EPA’s
announcement two weeks ago setting PFAS drinking water limits as low as four parts
per trillion.
This new EPA action also means that these PFAS chemicals
will be listed as “hazardous materials” under the Hazardous Materials
Transportation Act, which will require materials containing these chemicals to
be transported using special protocols.
Tonya Chandler, President of BioLargo Equipment Solutions
& Technologies, Inc., which markets BioLargo’s PFAS treatment systems,
commented, “We believe these and other upcoming regulations create a price
advantage for our AEC system over competing sorbent technologies such as carbon
filtration. With less waste generated, we can also offer clients waste handling
all the way through to full destruction at our facility.”
These finalized CERCLA regulations are the most recent step
by the EPA to limit exposure of Americans to PFAS. In addition to the recently
announced federal drinking water standards for six PFAS chemicals, the agency
also committed $9 billion in funding to help communities and water providers
address contamination by PFAS and other emerging contaminants. This funding
will assist communities and water providers to acquire PFAS monitoring and
treatment systems to comply with new regulations.
Dennis P. Calvert, President and CEO of BioLargo, commented,
“We’re pleased to see the U.S. government taking PFAS seriously and dedicating
the billions of dollars in funding needed to protect municipal water supplies
across the country.”
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
About BioLargo Equipment Solutions & Technologies
BioLargo Equipment Solutions & Technologies, Inc. sells
and distributes sustainable, best-in-class water treatment systems that solve
some of the toughest challenges in the modern water industry. From PFAS capture
and destruction to water reuse technologies, every system delivers on a promise
of uncompromising technical performance, sustainable energy usage and waste
generation metrics, and clear ROI for operations that use them. Its website is www.biolargoequipment.com. BioLargo
Equipment Solutions & Technologies, Inc. is a wholly owned subsidiary of
BioLargo, Inc., a cleantech innovator and environmental engineering solutions
provider dedicated to make life better through technological innovation.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Monday, 15 April 2024
BioLargo PFAS Removal Technology Meets New US Drinking Water Standards
BioLargo’s Aqueous Electrostatic Concentrator generates a fraction of the waste product of competing technologies
Westminster, CA – April 15, 2024 – BioLargo, Inc. (OTCQB:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, confirmed that its Aqueous Electrostatic Concentrator (AEC) can remove per- and polyfluoroalkyl substances (PFAS) from water to meet and surpass the U.S. Environmental Protection Agency (EPA) drinking water limits for PFAS chemicals announced April 10, 2024. Additionally, the AEC produces far less PFAS-laden solid waste than carbon filtration or ion exchange, which should result in lower long-term costs for customers while reducing potential regulatory burden. BioLargo also offers advisory services, analytical testing, and education on PFAS science and regulations to water providers who need assistance complying with the new regulations. The newly finalized rules set national limits for PFAS in public drinking water to nearly undetectable levels, as low as 4 parts per trillion.PFAS are an expansive group of man-made chemicals used for
decades in the manufacture of countless goods, including non-stick cookware, fast-food
containers, and firefighting foam. PFAS have been linked to numerous health
problems including cancer and developmental issues, and are challenging to
remove from water using traditional treatment techniques.
While traditional water filtration treatment technologies such
as granular activated carbon, ion exchange, and membrane filtration may meet these
new EPA standards on some PFAS species, they can fall short of achieving
sufficient removal rates for short-chain PFAS molecules (such as the
now-EPA-regulated GenX and PFHXS). They also have the significant downside of
producing large volumes of PFAS-laden solid waste, which requires additional disposal
costs and creates potential regulatory liability.
These new EPA regulations mark a shift in the evolving
market for PFAS treatment technologies. Previously driven by a patchwork of
state and local drinking water regulations, drinking water providers across the
country will have to comply with the new federal standards. The EPA estimates compliance
with the new rules will cost approximately $1.5 billion annually; spending in other
industry segments is not included in that estimate (e.g., treatment of
groundwater, wastewater, industrial wastewater, or landfill leachate).
“These long-awaited drinking water regulations are a big win
for our technology,” commented Tonya Chandler, President of BioLargo Equipment
Solutions & Technologies, BioLargo’s water equipment subsidiary. “Our AEC
has an edge over the competition, as it can meet these new standards for all
PFAS contaminants and generates far less PFAS-laden waste requiring disposal.”
In addition to these new standards, in February 2024 the EPA
proposed changes to the Resource Conservation and Recovery Act regulations by
adding nine PFAS chemical compounds to its list of hazardous constituents in
Title 40 of the Code of Federal Regulations Part 261 Appendix VIII.
“If these RCRA rules are finalized, costs associated with
handling and disposing of PFAS-laden solid waste will likely become more
expensive and difficult, giving our product a significant cost advantage over
the competition,” said Ms. Chandler.
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
About BioLargo Equipment Solutions & Technologies
BioLargo Equipment Solutions & Technologies, Inc. sells
and distributes sustainable, best-in-class water treatment systems that solve
some of the toughest challenges in the modern water industry. From PFAS capture
and destruction to water reuse technologies, every system delivers on a promise
of uncompromising technical performance, sustainable energy usage and waste
generation metrics, and clear ROI for operations that use them. Its website is www.biolargoequipment.com. BioLargo
Equipment Solutions & Technologies, Inc. is a wholly owned subsidiary of
BioLargo, Inc., a cleantech innovator and environmental engineering solutions
provider dedicated to make life better through technological innovation.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Tuesday, 2 April 2024
BioLargo achieved 108% year-over-year revenue growth in 2023
Westminster, CA – April 2, 2024 – BioLargo, Inc. (OTCQB:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, announced that its Annual Report, filed April 1, 2024, showed the company’s annual revenues increased by 108% year-over-year compared to 2022 (www.biolargo.com/sec-filings).
BioLargo will hold an investor webcast on Tuesday, April 2,
2024, at 2:00 pm Pacific / 5:00 pm Eastern, at the following link, open to the
public: https://www.webcaster4.com/Webcast/Page/2448/50271
Dennis P. Calvert, the company’s President and CEO,
commented, “Rising odor control product sales continue to push our business forward.
We are confident that our PFAS solutions will find additional traction in 2024
and believe they will eventually contribute significantly to our overall growth
trajectory. Almost cash-flow positive in the fourth quarter of 2023, we
continue to focus our business on leveraging our intellectual property and partnering
with great companies to scale up sales and distribution while preserving
capital and human resources.”
The
following are select highlights from BioLargo’s annual report filed April 1,
2024, and are not a substitute for the details in the 10-K, which can be found here
(https://www.biolargo.com/sec-filings). All interested
parties are encouraged to review the full report filed with the SEC, including
the risk factors at page 9, to get the most complete information about BioLargo
and its growing cleantech business.
Financial highlights from the annual report:
- Revenues for the year ended December 31, 2023, were $12,230,000, a 108% increase over 2022.
- Revenues in the fourth quarter of 2023 were $4,370,000, a 64% increase as compared with the third quarter of 2023 (quarter-over-quarter), and a 108% increase as compared with the fourth quarter of 2022.
- Cash flow from operations for the year was negative $2,365,000.
- The company’s net loss for the year ended December 31, 2023, was reduced by 9% as compared with the prior year, from $5,132,000 to $4,648,000. More than 60% of the company’s net loss was due to non-cash expenses, including $2,124,000 of stock option compensation expense, and $384,000 of services paid by the issuance of our common stock.
- 21% of the company’s total operating expenses in 2023 were from research and development, up from 16% in 2022, as we built out a facility to manufacture and test our first batteries.
- Total stockholders’ equity more than doubled - from $2,011,000 at December 31, 2022, to $4,202,000 at December 31, 2023.
- Total assets as of December 31, 2023 were $8,205,000, against total liabilities of $4,003,000.
- The company ended the year with working capital of $3,652,000.
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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 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 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.
Monday, 1 April 2024
BioLargo Year-End 2023 Earnings Results Webcast and Conference Call on Tuesday, April 2, 2024 – 5:00 PM Eastern Time
Westminster, CA – April 1, 2024– BioLargo, Inc. (OTCQB:BLGO), a developer of sustainable technologies and full-service environmental engineering company, announced it will host an investor webcast and conference call on Tuesday, April 2, 2024, at 2:00 pm Pacific / 5:00 pm Eastern. Open to the public, the webcast will be held to review the company’s financial results for the year ending December 31, 2023, discuss recent milestones, and conduct a question-and-answer session.
To listen to a live broadcast, go to the site linked below at least 15 minutes prior to the scheduled start time to register and download any necessary audio/video software.
To participate in the live webcast and teleconference:
Webcast Link: https://www.webcaster4.com/Webcast/Page/2448/50271
Teleconference Domestic: 877-545-0523
Teleconference International: 973-528-0016
Participant Access Code: 614240
To watch or listen to a replay of the webcast or teleconference:
Webcast Replay Expiration: Tuesday, July 02, 2024
Teleconference Replay Expiration: Tuesday, April 16, 2024
Teleconference Replay Domestic: 877-481-4010
Teleconference Replay International: 919-882-2331
Replay Passcode: 50271
The webcast replay and accompanying presentation materials will be made available on the Investor Relations section of BioLargo’s website at www.biolargo.com/investor-relations.
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences innovator and engineering services solution provider. Our core products address PFAS contamination, achieve advanced water and wastewater treatment, control odor and VOCs, improve air quality, enable energy-efficiency and safe on-site energy storage, and control infections and infectious disease. Our approach is to invent or acquire novel technologies, develop them into product offerings, and extend their commercial reach through licensing and channel partnerships to maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
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.
Monday, 25 March 2024
BioLargo to Present at The LD Micro Invitational XIV
Westminster, CA, March 25, 2024--(Newsfile Corp.) – BioLargo, Inc. (OTCQB:BLGO), a company that creates and commercializes sustainable technologies to solve tough environmental and cleantech challenges, announced today that it will be presenting at the 14th annual LD Micro Invitational investor conference on April 9, 2024, at 2:30 PM ET, at the Sofitel New York hotel. Dennis P. Calvert, President and CEO of BioLargo, will be giving the presentation.
Mr. Calvert’s presentation will focus on the company’s 2023 financial results, in which revenues more than doubled from 2022, as well as the progress of multiple commercial initiatives including consumer pet odor control, the company’s liquid sodium battery energy storage system, and the company’s PFAS water treatment business.
We invite interested parties to register to watch BioLargo’s presentation virtually here: https://ldinv14.sequireevents.com/
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences innovator and engineering services solution provider. Our core products address PFAS contamination, achieve advanced water and wastewater treatment, control odor and VOCs, improve air quality, enable energy-efficiency and safe on-site energy storage, and control infections and infectious disease. Our approach is to invent or acquire novel technologies, develop them into product offerings, and extend their commercial reach through licensing and channel partnerships to maximize their impact. See our website at www.BioLargo.com.
About LD Micro
LD Micro, a wholly owned subsidiary of Freedom US Markets, was founded in 2006 with the sole purpose of being an independent resource in the micro-cap space. Whether it is the Index, comprehensive data, or hosting the most significant events annually, LD's sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies. For more information on LD Micro, visit www.ldmicro.com.
Please reach out to the company representative below or Dean Summers (dean@ldmicro.com) to register for the event or schedule a meeting with BioLargo.
To learn more about Freedom US Markets, visit www.freedomusmkts.com
For further information on BioLargo, Inc.:
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
dennis.calvert@biolargo.com
www.biolargo.com