USAF work now amounts to over $100,000 in revenue per month.
Westminster, CA – June 20, 2024 – BioLargo, Inc. (OTCQX:BLGO),
a company that creates and commercializes sustainable technologies to solve
tough environmental and cleantech challenges, announced that its engineering subsidiary
has been awarded a subcontract to provide air quality services to two Arizona U.S.
Air Force bases for up to four years, with expected annual revenue of approximately
$812,000.
The news comes on the heels of a similar recently
announced contract award to serve three Air Force bases in New Mexico,
which has a potential annual average revenue of $650,000. BioLargo’s work at
the Arizona bases consists primarily of the air quality regulatory compliance
portion of a Fence-to-Fence (F2F) support contract through prime contractor HLTLI
Joint Venture, LLC, a joint venture between HL Environmental Services and TLI
Solutions.
The four-year prime contract secures pricing for F2F
services over the term of the contract but does not guarantee continuation of
the contract over that duration. In the past, BioLargo’s engineers have
continued providing services through the duration of the prime contract. In
total, BioLargo Engineering’s work at Air Force bases now amounts to over
$100,000 of revenue per month.
BioLargo Engineering, Science & Technologies President
Randall Moore commented, “We are pleased and honored to continue providing vital
engineering services to the United States Air Force and supporting their active
mission and environmental compliance needs. These new contracts will provide
for over $100,000 a month of ongoing fixed revenues while we continue to expand
our abilities to support new opportunities.”
About BioLargo, Inc.
BioLargo, Inc. (OTCQB:BLGO) is a cleantech and life sciences
innovator and engineering services solution provider. Our core products address
PFAS contamination, achieve advanced water and wastewater treatment, control
odor and VOCs, improve air quality, enable energy-efficiency and safe on-site
energy storage, and control infections and infectious disease. Our approach is
to invent or acquire novel technologies, develop them into product offerings,
and extend their commercial reach through licensing and channel partnerships to
maximize their impact. See our website at www.BioLargo.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
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