In May of this year, we announcedthat our odor and VOC control subsidiary Odor-No-More, Inc. had advanced to the semi-finals in the “Environmental Technology” track of the “China InnoStars Preliminary Competition.” One of 963 initial applicants, Odor-No-More is traveling this week to China for the competition along with six other companies in the Environmental Technology track.
The InnoSTARS Competition is a platform for innovative U.S. companies to compete and connect with investors and partners from China. It is the one and only innovation competition officially supported by both the U.S. and Chinese governments. In 2017, The InnoSTARS Competition was featured in the scientific and technology cooperative area at the first U.S.-China Social and Cultural Dialogue (SCD), co-chaired by U.S. Secretary of State Rex Tillerson and Chinese Vice Premier Liu Yandong. The goal of the competition is to provide US-based innovative technology companies with resources to enter the Chinese market. This competition, hosted by the US China Innovation Alliance (UCIA) and China Science and Technology Exchange Center (CSTEC), is supported by the Ministry of Science and Technology of the People’s Republic of China (MOST). It provides U.S.-based innovators and companies with a better understanding of the opportunities available to them in doing business with China and Chinese partners and investors. Join InnoSTARS to gain unique access to leading resources in China.
The Semi-Final events in China represent an opportunity for Odor-No-More to gain exposure in China’s tremendous and growing community of environmentally-minded investors, as well as to create inroads for sales of the company’s disruptive odor and VOC control product, CupriDyne Clean®. China has well-documented challenges in environmental areas such as air quality control and management of polluted, odorous rivers, creating a massive need for innovative solutions in the cleantech industry.
While making inroads with CupriDyne Clean in the solid waste management industry in the US, we have begun targeting new vertical segments, including wastewater treatment. The InnoStars program is a stepping stone to expanding into new regional markets such as China. We believe the time is right to capitalize on CupriDyne Clean’s momentum and expand its adoption to new segments and markets with a need for effective, safe, environmentally friendly odor and VOC control.
What is a BioLargo Spotlight?
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.
Our attorneys remind us that while we believe these developments are important and that these small victories could add up and lead to big victories, at this stage they do not rise to the level of an official material disclosure. As the size and magnitude of these developments become material, we will naturally report that information in an 8-K and our regular SEC filings.