Westminster, CA – June 7, 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 contract to provide air quality services to three New Mexico U.S. Air Force (USAF) bases for up to five years, with a potential annual average revenue of $650,000.
The new contract is in addition to ongoing environmental
support work at six Air Force bases and is the company’s largest dollar-value Air
Force contract to date. These contracts provide regularly monthly flat fee
revenue to the company over the life of the contract, which the Air Force may
renew each year. BioLargo’s work at the New Mexico bases includes air quality
regulatory compliance. Bhate Environmental Associates is the prime contractor
with the Air Force under the Fence-to-Fence (F2F) support contract.
BioLargo Engineering, Science & Technologies President
Randall Moore commented, “Our team has served Air Force bases with
fence-to-fence air quality compliance services for years, but this is the
largest such contract we’ve secured to-date. Larger, long-term contracts such
as this one are crucial to our strategy of securing steady, reliable income
from external clients. This empowers us to focus on commercializing BioLargo’s
innovative cleantech technologies, including advancements in water treatment,
energy storage, and air quality solutions.”
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.
About Bhate Environmental Associates, Inc.
Bhate Environmental Associates, Inc. (Bhate) provides a
diverse range of technical services in the environmental and infrastructure
markets to the federal government and private industry. Headquartered in
Birmingham, Alabama, Bhate’s reach is both national and global. At Bhate, we
value high standards of safety, professionalism, ethics, and service to our
clients. We foster a collaborative environment that encourages innovative ideas
while providing challenges and rewards for our dedicated staff. Through our
team’s Responsiveness, Integrity, and Teamwork, Bhate delivers professional,
quality, cost-effective, and on-time results to our clients. See their website
at www.Bhate.com.
Contact Information
Dennis P. Calvert
President and CEO, BioLargo, Inc.
888-400-2863
Safe Harbor Act
This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include without limitation those about
BioLargo’s (the “Company”) expectations regarding anticipated revenue; and
plans for future operations. These statements involve risks and uncertainties,
and actual results may differ materially from any future results expressed or
implied by the forward-looking statements. Risks and uncertainties include without
limitation: the effect of regional economic conditions on the Company’s
business, including effects on purchasing decisions by consumers and
businesses; the ability of the Company to compete in markets that are highly
competitive and subject to rapid technological change; the ability of the
Company to manage frequent introductions and transitions of products and
services, including delivering to the marketplace, and stimulating customer
demand for, new products, services, and technological innovations on a timely
basis; the dependency of the Company on the performance of distributors of the
Company’s products. More information on these risks and other potential factors
that could affect the Company’s business and financial results is included in
the Company’s filings with the SEC, including in the “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and Results of
Operations” sections of the Company’s most recently filed periodic reports on
Form 10-K and Form 10-Q and subsequent filings. The Company assumes no
obligation to update any forward-looking statements or information, which speak
as of their respective dates.
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