Phoenix, March 11th, 2019 (GLOBE NEWSWIRE) – On March 7th, 2019, Uptick Newswire Stock Day Podcast welcomed Dennis P. Calvert of BioLargo, Inc. (OTCQB:BLGO), a developer of sustainable technology assets and a full-service environmental engineering company. Mr. Calvert discussed the company’s most recent foray into a new business sector – cannabis – and discussed its technology assets in an interview with Stock Day’s Everett Jolly.
Jolly began by asking Mr. Calvert for an update on the Company’s CupriDyne Clean Industrial Odor Eliminator, which solves tough problems with odor and “volatile organic compounds” (VOCs) in industrial facilities. Mr. Calvert explained the product’s organic growth in the waste handling industry, and that it is rapidly replacing the products of large and experienced competitors. “The last year has been dramatic. We’ve landed the top four waste handling companies. We’re getting adoption, and the adoption is increasing,” shared Calvert.
The product’s overwhelmingly positive feedback in this market has led new opportunities, like the booming cannabis industry. Mr. Calvert explained how this represents a “pick & shovel” business opportunity, where the Company supplies a crucial tool for a serious problem – odor and VOC control – for the rapidly growing cannabis market.
Calvert also gave an update on the Company’s FDA 510(k) application for its Clyra medical product. Calvert explained that the Company’s FDA application is currently in process and that a positive outcome is expected, but as it relies on government regulatory processes this obviously can’t be guaranteed. Calvert did share that the product has, however, successfully passed its required sensitivity testing, a key part of the application process. Calvert shared that following its expected approval, the product will represent a game-changing technology in the wound care market because of its unmatched efficacy.
Finally, Jolly inquired about the Company’s advanced water treatment technology, the Advanced Oxidation System (AOS). Calvert shared that two pilots are in the early stages of deployment and that the Company has even been invited by one of the country’s leading water industry engineering firms to participate in a third-party validated field pilot to treat municipal wastewater at a municipal facility in the Northwest US, which would offer unprecedented recognition for the Company’s AOS. Calvert said, “This is really a big deal. It’s a sleeper that’s going to wake up.”
To close the interview, Calvert shared that the Company’s burn rate is continuing to decrease even as they experience substantial growth. The Company’s goals for 2019 include a reduction of the Company’s debt, a capital for its water and medical subsidiaries, FDA approval for its medical product, and completion of its AOS water treatment pilots and subsequent commercialization.
“2018 was the turning point, 2019 is where we really start to see the value show up.”, closed Calvert.
To hear Dennis Calvert’s entire interview, follow the link to the podcast here: (Link Here)
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About BioLargo, Inc.
Dennis Calvert President and CEO BioLargo, Inc.
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