It’s an
exciting time at BioLargo. We’re moving fast, and it can be difficult to keep
our stockholders and the investing public informed of our progress. In light of
this, we will be posting a series of short articles titled “BioLargo
Spotlight”, highlighting certain business activities and other important
information in between our required SEC filings. Of course, these do not
replace our public filings, which contain
more complete information than can be delivered in this forum, and thus we urge
you to carefully read and rely on those filings for definitive information, and
to review our risk factors and caution regarding forward-looking statements. We
are optimistic about our business as we work hard to continue to grow and
ultimately generate profits for our stockholders.
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If
you’re following our company, you know that late last year we
formed an engineering subsidiary (BLEST) and acquired a team of experienced
engineers and scientists to help commercialize our AOS water treatment system
and provide environmental engineering services to outside clients. In a short
period of time, the team has engaged roughly a dozen client under contract.
Today I am pleased to report that BLEST has been
retained to serve as “Owner’s Engineer” for a proposed $687 million integrated biofuels
production project to be built on the east coast. The proposed facility would convert
hundreds of tons per day of municipal solid wastes and plastics into high-grade
fuels and paraffin waxes, while diverting hundreds of thousands of tons of
waste from landfills per year. Our initial role in this project is to
provide the project’s ownership team with consulting engineering support as the
project becomes finalized. BLEST is now under contract
to be paid for engineering services rendered for the pre-project phase, and assuming
the project moves ahead, we anticipate that our contractual relationship will expand
to an important multi-year role in the project’s overall engineering management.
We will keep you posted on our progress. We are excited for this win!
Safe Harbor Statement
The statements contained herein, which are not historical,
are forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, the risks and
uncertainties included in BioLargo's current and future filings with the
Securities and Exchange Commission, including those set forth in BioLargo's
Annual Report on Form 10-K.
Company Contact
Dennis Calvert
President and CEO
BioLargo, Inc.
949-643-9540 x2
