Press Release
June 17, 2013 BioLargo, Inc. today announced the formation of BioLargo
Water, Inc. (
www.BioLargoWater.com),
a wholly owned subsidiary formed to showcase the company’s “advanced oxidation
systems,” including its new AOS Filter, a product in development specifically
designed to eliminate common, troublesome, and dangerous (toxic) contaminates
in water in a fraction of the time of current technologies.
Dennis
Calvert, President & CEO of
BioLargo, stated, “We believe that our Biolargo® AOS Filter represents a revolutionary
technical advancement in how water should be treated. With the
completion of the proof of claim work at the University of Alberta, we plan to focus
on engineering and specific contaminant testing as we continue to position the
product for commercial opportunities. We also plan to focus on adding key
executives and strategic partners to aid us in building the business. Our AOS
Filter can be of great benefit to industry as they deal with regulatory
pressures to find a sustainable way to rid water of dangerous contaminants. Global Water
Intelligence, a leading industry journal provides the most widely used estimate
of the global water market at approximately $360 billion annual revenues
per year. Estimates put the ‘component technologies’ portion at approximately
10% of the global market revenue figures. We believe our AOS Filter will
compete in this component technologies area.
“Our AOS Filter should have an important role to play in most of this
industry’s segments, including oil and gas, refining and petrochemicals, power
generation, food and beverage, pharmaceuticals, microelectronics, pulp and
paper, and mining. It could serve as a platform to build an integrated water
company featuring technology, licensing, engineering and services. While there
is much work to do, we are excited about the significant opportunities ahead.”
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Kenneth Reay Code, BioLargo Chief Science Officer and inventor
of the BioLargo® AOS Filter, added “Many industry segments, like energy and
industrial process water systems, use extremely high volumes of water in their
daily business activity. Often, tiny organic molecules, including soluble
contaminants, are problematic for these types of water uses. We also know that
many industry segments require ultra pure water. These industries need a
treatment system that can manage high volumes of water with constant process
performance and a high level of efficiency that is sustainable in term of
safety and cost. With our AOS Filter, have been able to prove a level of
performance in which our system dismantles organic contaminants to their basic
molecular forms in minutes, rendering them safe. Other systems can take years, as
in the case of settling ponds, or hours for other advanced oxidation
technologies like UV and Ozone.
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The company cautions that this market is highly competitive
and dominated by global companies that have far greater capital, sales and
expertise with established market share.
To compete in this market, the company will require substantial
resources that are currently not available.
Further, its products will require regulatory approvals
to market the AOS Filter with these claims. To seek regulatory approval, the new
subsidiary will require investment capital to complete product development,
build prototype products, complete testing, and make such applications.