Tuesday, 17 November 2020

BioLargo's water technologies closer to commercialization, reports record 3Q

Source: Proactive Investors (https://ca.proactiveinvestors.com/companies/news/934217/biolargo-s-water-technologies-closer-to-commercialization-reports-record-3q-934217.html 



BioLargo, Inc (OTCQB:BLGO) CEO Dennis Calvert tells Proactive its 3Q financial results saw its revenue rise 26% year-over-year to a record $0.67 million. Calvert says the group is ramping up several of its water technologies to prepare for commercialization including the AOS and the AEC, which he says will lead to first sales.

What's more, its industrial operating divisions each have a backlog of revenue-generating projects that collectively exceed $2 million, which it says will provide “reliable revenue” into 2021.

Monday, 16 November 2020

BioLargo Revenue Continues Breaking Records as Water Technologies Ready for Commercialization

Technology Portfolio Expanding

Westminster, CA – November 16, 2020 – BioLargo, Inc. (OTCQB:BLGO), developer of sustainable technologies and a full-service environmental engineering company, filed with the SEC its Quarterly Report on Form 10-Q for the period ended September 30, 2020 (www.biolargo.com/sec-filings).

BioLargo’s Third Quarter Accomplishments

  • Record revenue – generated record revenues in the third quarter, rebounding from early pandemic shutdowns
  • New business backlog – BioLargo’s industrial operating divisions each have a backlog of revenue-generating projects that collectively exceed $2 million, providing reliable revenue into 2021
  • Advanced PFAS (“forever chemicals”) removal technology – Refined the AEC water treatment technology, developed a modular AEC unit, and have entered into substantial negotiations with a major municipal water agency regarding a pilot project
  • New CupriDyne formula – developed a new CupriDyne formula and are preparing an application to register a product as a sanitizer and hard-surface disinfectant with the US EPA
  • Launched COVID product – our medical subsidiary launched Clyraguard Personal Protective Spray on Amazon, and expanded sales of Clyraguard from first quarter; it is launching a new product soon, with another expected in mid to late 2021
  • Developed a new technology – BioLargo engineers invented a way to extract valuable minerals from certain types of industrial waste, turning a customer’s liability into a billion-dollar revenue opportunity while also creating a long-term revenue opportunity for BioLargo’s engineering team
  • Sales of odor and VOC control solutions to Cannabis operators expanding – CupriDyne Clean odor control product’s use is expanding in the Cannabis industry
  • Municipal wastewater pilot under way – began construction of a commercial-scale AOS water treatment system for delivery to a municipal wastewater treatment plant in Montreal, Canada
  • Improved balance sheet – retired over $3.5 million in debt (by converting to equity), leaving approximately $1.1 million due in August of 2021 or later, and the remaining paid by Clyra subsidiary from sales or as funds are available from financing efforts

BioLargo President and CEO Dennis P. Calvert commented, “Several of our patented technologies are on the cusp of significant commercial breakout. Our two water technologies – the AOS and the AEC – are now ready for commercial trials that we believe will lead to first sales. We are constructing our first commercial ready AOS unit now. At the same time, we are refining comprehensive marketing plans for their rollout and are already in discussions with customers, distributors and strategic partners.”
















The company has continually advanced its robust portfolio of technologies since it started this journey in the spring of 2007. The technology portfolio has expanded to include:

  • PFAS removal
  • SARS-CoV-2 solutions
  • Infection control
  • Wound management
  • Regenerative tissue therapy
  • Disinfection
  • Air quality controls and systems including odor and VOC control
  • Water decontamination
  • Micro-pollutant destruction and removal
  • Legionella detection and water treatment solutions
  • Minerals processing

Calvert continued, “We have assembled world-class technologies and talent and are focused on their highest and best purpose. While extraordinarily difficult, we have consistently invested in R&D while advancing from technology to product and onto first commercial sales and bundled services. We are now witnessing the first stages of disruption, proving their opportunities for significant commercial futures. We believe the value of our technology portfolio is far greater than is currently reflected in our stock price and continue to march forward knowing that the portfolio has a future that will generate value for decades to come. The innovator’s journey is never easy, and there is no doubt that the pandemic presented real additional challenges for BioLargo, but we are now in a position where our balance sheet has dramatically improved, our revenues are rebounding, and we have several potentially disruptive technologies ready to launch into the marketplace. I was reminded recently by a highly trained and accomplished innovator that, ‘solutions to some of the most important challenges in the world LIVE at BioLargo’.  We agree and know it’s only a matter of time before we see their dramatic impact around the world for a greater good.”

 

About BioLargo, Inc.

BioLargo, Inc. is an innovator of technology-based products and environmental engineering solutions provider driven by a mission to “make life better”.  We feature unique disruptive solutions to deliver clean air, clean water and a clean, safe environment (www.biolargo.com). Our engineering division features experienced professional engineers dedicated to integrity, reliability, and environmental stewardship (www.biolargoengineering.com). Our industrial odor control division, ONM Environmental, Inc. (www.onmenvironmental.com) features CupriDyne Clean Industrial Odor Eliminator (www.cupridyne.com), which eliminates the odor-causing compounds and VOCs rather than masking them, and is now winning over leading companies in the solid waste handling and wastewater industries and other industries that contend with malodors and VOCs. Our subsidiary BioLargo Water (www.biolargowater.ca) develops the Advanced Oxidation System "AOS," a disruptive industrial water treatment technology designed to eliminate waterborne pathogens and recalcitrant contaminants with better energy-efficiency and lower operational costs than incumbent technologies. We are a minority stockholder of and technology licensor to our subsidiary Clyra Medical which features its breakthrough product Clyraguard ( www.clyramedical.com/clyraguard), an FDA Registered, hospital grade disinfectant for personal protective equipment including facemasks, proven 99.999% effective and safe for skin, as well as its other products offering gentle solutions for chronic infected wounds to promote infection control and regenerative tissue therapy.

Contact Information

Dennis P. Calvert

President and CEO, BioLargo, Inc.

888-400-2863

Safe Harbor Act

During the course of the stockholder presentation, BioLargo may make “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, regarding future events or the future financial performance of the company that are subject to change. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

 

Monday, 2 November 2020

Clyraguard Highlighted in Rolling Stone and Men's Journal

BioLargo and its subsidiary Clyra Medical Technologies are rolling out Clyraguard around the country, and it's starting to turn some heads. Now that the product is available on the company's website and on Amazon, the timing is perfect.

Last week, two articles were published about Clyraguard that do a great job capturing the value of this product. First, a Rolling Stone article highlighted how Clyraguard can help improve mask-wearing practices to help keep people safe. Second, a Men's Journal article reviewed the product from a broader perspective.

You can get to these articles right here:

If you are a follower of BioLargo or Clyra, we'd love to hear your thoughts about the new product. Make sure to follow us on social media - you can find us at:

Tuesday, 27 October 2020

Odin (BioLargo/BKT Joint Venture) Headquarters Moving to Korea Water Cluster in Daegu, South Korea

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.

Wednesday, 21 October 2020

BioLargo Awarded Contract for Engineering Services at Major Chemical Manufacturing Facility

Westminster, CA – October 21, 2020 – BioLargo, Inc. (OTCQB:BLGO), developer of sustainable technologies and a full-service environmental engineering company, announced today that its subsidiary BioLargo Engineering, Science & Technologies (BLEST) has been awarded a contract to assist in the reconfiguration of the Regenerative Thermal Oxidizer (RTO) systems used at a large chemical manufacturing plant on the East Coast of the US, owned by a global chemical company, that produces phenolic resins, antioxidants and related synthetic organic products. The contract is expected to execute with a series of milestones through mid-2021, with anticipated scope expanding the contract period to at least 24 months and over $500,000 in total revenue.

A Regenerative Thermal Oxidizer is a device that destroys unwanted organic air contaminants produced as a result of the phenolic resin production process. An RTO is a highly energy-efficient technology that uses waste heat to eliminate organic air contaminants, and is a crucial piece of equipment for this chemical plant.

The plant is preparing to shut down an existing, older RTO and re-route the exhaust treated by that RTO to a newer, much larger and more efficient RTO. This will result in significant energy efficiency and cost savings improvements to the facility. The work to reconfigure these RTO systems is not trivial, requiring substantial engineering and design work to ensure it proceeds safely and efficiently. BLEST has been contracted to conduct the initial engineering work to assess the feasibility of the RTO reconfiguration project. BLEST engineers have significant experience engineering and designing RTO systems, with some of its engineers having designed multiple RTO systems for the facility.

 

About BioLargo, Inc.

BioLargo, Inc. is an innovator of technology-based products and environmental engineering solutions provider driven by a mission to “make life better”.  We feature unique disruptive solutions to deliver clean air, clean water and a clean, safe environment (www.biolargo.com). Our engineering division features experienced professional engineers dedicated to integrity, reliability, and environmental stewardship (www.biolargoengineering.com). Our industrial odor control division, ONM Environmental, Inc. (www.onmenvironmental.com) features CupriDyne Clean Industrial Odor Eliminator (www.cupridyne.com), which eliminates the odor-causing compounds and VOCs rather than masking them, and is now winning over leading companies in the solid waste handling and wastewater industries and other industries that contend with malodors and VOCs. Our subsidiary BioLargo Water (www.biolargowater.ca) develops the Advanced Oxidation System "AOS," a disruptive industrial water treatment technology designed to eliminate waterborne pathogens and recalcitrant contaminants with better energy-efficiency and lower operational costs than incumbent technologies. We are a minority stockholder of and technology licensor to our subsidiary Clyra Medical which features its breakthrough product Clyraguard ( www.clyramedical.com/clyraguard), an FDA Registered, hospital grade disinfectant for personal protective equipment including facemasks, proven 99.999% effective and safe for skin, as well as its other products offering gentle solutions for chronic infected wounds to promote infection control and regenerative tissue therapy.

Contact Information

Dennis P. Calvert

President and CEO, BioLargo, Inc.

888-400-2863

Safe Harbor Act

During the course of the stockholder presentation, BioLargo may make “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, regarding future events or the future financial performance of the company that are subject to change. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Thursday, 15 October 2020

Lorianne Shultz Awarded 2020 NWRI-BioLargo Graduate Fellowship

For many years, BioLargo has sponsored fellowships offered by the National Water Research Institute (NWRI) to graduate students in the US who focus on cutting-edge water research. This $5,000 fellowship recognizes students who research the technical and scientific aspects of advanced water and wastewater treatment.

This year, we are happy to announce that the NWRI-BioLargo Graduate Fellowship has been awarded to Lorianne Shultz, a PhD student at the University of Central Florida. Shultz’s research project, which she is completing in the laboratory of Dr. Titel Jurca, is called “Chlorine Stable Heterogeneous Catalysts for the Remediation of Stubborn Water Pollutants”.

Lorianne Shultz, NWRI-
BioLargo Fellowship winner

Lorianne explained to us the importance of her research, “Pharmaceuticals and personal care products are accumulating in our waterways at alarming rates; this is especially true with the world’s growing population. This issue can be remediated through heterogenous catalytic degradation of these pollutants, a methodology that I believe is commonly overlooked in the water-industry. I was thrilled to receive this fellowship as it helps validate the use of catalytic materials for water-remediation and these funds help me expand this field of research further. I am excited to be working in connection with BioLargo, a company so dedicated to this field and at the forefront of improvement for water treatment systems.”

Dennis P. Calvert, President & CEO of BioLargo, commented, “Shultz’s research goals align well with NWRI’s mission to protect and improve water management in the US, and they also align with BioLargo’s vision of seeking innovative new methods of addressing tough contaminants that threaten the health and safety of people around the world. We are thrilled to sponsor her work, and we are excited to learn from her research.”

NWRI is a 501c3 nonprofit that collaborates with water utilities, regulators, and researchers in innovative ways to help develop new, healthy sources of drinking water. To learn more about NWRI’s graduate fellowship program, go to the NWRI website: https://www.nwri-usa.org/fellowships.

Wednesday, 14 October 2020

Clyraguard Personal Protection Spray Now Available On Amazon.Com For Consumers Nationwide

BioLargo subsidiary Clyra Medical Technologies Joins Forces with Powerplay Retail to Ensure

Broad Availability of Revolutionary Product to Safeguard Against Airborne Viruses

Westminster, CA – October 14, 2020 – Just in time for Amazon Prime Day, BioLargo, Inc. (OTCQB:BLGO), developer of sustainable life science technologies, today announced that Clyraguard, the personal disinfectant and germicidal spray that safely and easily decontaminates masks and face coverings, is now available at the Clyra Medical Store on Amazon.com. Clyraguard is manufactured by BioLargo’s subsidiary Clyra Medical Technologies, a med-tech company with deep experience fighting hospital-acquired infections with innovative technologies.

In addition, Clyra Medical announced a partnership with Powerplay Retail, an agency and distributor that has helped launch some of the best-known consumer products in the world, to roll-out Clyraguard to major retailers nationwide. Powerplay Retail brings to bear relationships with some of the world’s biggest online and in-store retailers, including more than 80 of the largest, most recognizable retailers in the United States.

BioLargo President & CEO Dennis Calvert commented, “We have assembled an exceptional team to execute a multi-phase roll out plan for Clyraguard. This Amazon launch, in partnership with Powerplay Retail, is another important step toward maximizing consumer access to this valuable product.”

“As we continue to battle this unprecedented pandemic, Clyraguard provides an embedded layer of iodine on one’s mask or face covering for additional protection against unwanted pathogens, including the SARS-CoV-2 virus, without having to remove your mask,” said Steve Harrison, CEO, Clyra Medical Technologies. “Until now, this hospital-grade disinfectant was available only to healthcare professionals. Making Clyraguard available on Amazon.com, as well as partnering with Powerplay Retail, ensures we can deliver a much-needed solution to consumers nationwide.”

Clyraguard has shown complete inactivation of SARS-CoV-2 (COVID-19), according to recent testing at University of Texas Medical Branch at Galveston, and is based on Clyra Medical’s original advanced wound care technology, which received 510(k) clearance from the Food and Drug Administration (FDA).  Clyraguard is a hospital-grade, FDA-registered disinfectant that is specifically indicated for PPE, like masks and face coverings.

“At Powerplay our goal is to help our retail partners find the right brands and the right technologies while weeding out the noise in this increasingly competitive marketspace,” said Tracy Thie, Principal, Co-Founder Powerplay Retail.  “As health and safety have become a core part of our daily lives, we have made it a point to help support our retail partners to bring the right health & wellness products to the masses. Our partnership with Clyra creates a great opportunity to bring Clyraguard to market at a time when people want and need this product.”

Clyraguard has been rigorously tested and proven to be safe and long-lasting, providing an extremely high 99.999% antimicrobial efficacy against viruses, bacteria and fungi.  Gentle and safe, its eco-friendly ingredients are mineral-based, alcohol-free, non-toxic, non-irritating and non-sensitizing.

Available in 4 oz. spray bottle, the personal protection spray is small enough for a purse or pocket yet contains two months of supply with typical usage, and for travelers, Clyraguard classifies under current TSA hand sanitizer exemptions. Clyraguard is now available to consumers online at www.clyramedical.com, the Clyra Medical Store on Amazon.com, and soon to be available at retailers nationwide.

 

About BioLargo, Inc.

BioLargo, Inc. is an innovator of technology-based products and environmental engineering solutions provider driven by a mission to “make life better”.  We feature unique disruptive solutions to deliver clean air, clean water and a clean, safe environment (www.biolargo.com). Our engineering division features experienced professional engineers dedicated to integrity, reliability, and environmental stewardship (www.biolargoengineering.com). Our industrial odor control division, ONM Environmental, Inc. (www.onmenvironmental.com) features CupriDyne Clean Industrial Odor Eliminator (www.cupridyne.com), which eliminates the odor-causing compounds and VOCs rather than masking them, and is now winning over leading companies in the solid waste handling and wastewater industries and other industries that contend with malodors and VOCs. Our subsidiary BioLargo Water (www.biolargowater.ca) develops the Advanced Oxidation System "AOS," a disruptive industrial water treatment technology designed to eliminate waterborne pathogens and recalcitrant contaminants with better energy-efficiency and lower operational costs than incumbent technologies. We are a minority stockholder of and technology licensor to our subsidiary Clyra Medical which features its breakthrough product Clyraguard ( www.clyramedical.com/clyraguard), an FDA Registered, hospital grade disinfectant for personal protective equipment including facemasks, proven 99.999% effective and safe for skin, as well as its other products offering gentle solutions for chronic infected wounds to promote infection control and regenerative tissue therapy.

About Clyra Medical Technologies

Clyra Medical Technologies, is a subsidiary of BioLargo, Inc. (OTCQB:BLGO), a sustainable science, technology and full-service environmental engineering company that makes life better by delivering world-class products and services across a broad range of industries, with a drive to deliver solutions in clean water and wastewater treatment, clean air and air quality control, and advanced antimicrobials for healthcare. 

About Powerplay Retail

Powerplay Retail is a privately held, Minnesota based company with offices in Bentonville, Arkansas, and Shenzhen China. With over 250 years of combined retail experience bringing brands like Beats by Dr. Dre and GoPro to consumers they continue to vet and identify new retail opportunities to best serve their brand and retail partners. For more information on Powerplay Retail, visit powerplayretail.com.

Contact

Dennis P. Calvert

President and CEO, BioLargo, Inc.

888-400-2863