An increasingly environmentally conscious population has called for a number of sustainable solutions. Along with clean energy, buying local produce and making the switch from oil to hybrid, there is another vital aspect to green living that is in desperate need of affordable, sustainable solutions: water management. Recurring issues such as pollution, prolonged drought, food safety and population growth have increased the urgency of finding a way to safely and efficiently clean and manage water. BioLargo Inc (BLGO) , a technology company based in Santa Ana, California, is working to remedy these issues.
Recently, the company has made significant advancements in the licensing, refining and piloting of its patented technology: the BioLargo AOS Filter. BioLargo’s AOS technology – the lowest cost, highest impact, sustainable clean water technology available – is an oxidation system that destroys bacteria and dismantles soluble organic contaminates. BioLargo's CEO Dennis Calvert recently highlighed the company's major milestones in a letter to shareholders. We've included his key points here:
Advancements regarding the BioLargo AOS Filter include:
Grants and financial awards to advance the BioLargo AOS Filter to commercialization that exceed $1,000,000 and counting.
BioLargo’s science team continues to gain peer acceptance, as evidenced by their recent attendance at the EUREKA ACQUEAU Conference in Paris France.
The first pilot is being organized in the poultry processing industry, working with a major poultry producer in Canada.
The company has completed a $1,000,000 capital raise and restructured their short-term debt into long term and mandatorily convertible debt.
Recent expansion of staff, including Dr. Parastoo Pourrezaei, E.I.T., a professional researcher and engineer with substantial experience in the oil sands industry, and Charles Dargan, the company’s CFO, agreed to extend his tenure.
As a result of BioLargo’s technical symposium a month ago, the company is engaged in discussions with potential strategic partners for possible licenses and joint ventures.
Three distinct iodine based platform technologies have been developed. The company’s award-winning Cupertino based products continue to find their way to market through a series of organic growth initiatives. The license of the Isan System to Clarion Water is progressing and is expected to continue in growth and in financial contribution.
Aside from developing three innovative sustainable technologies, the company has also taken cautionary steps within their operations to protect and further the future of their sustainable development and research. For instance, the company has stayed clear of high risk financing structures. In doing so, BioLargo has attracted long-term loyal investors to continue advancing the company’s technology and commercial future.
The AOS Filter, exemplified as a technical breakthrough in the way water can be cleaned and managed, has caught the attention of leaders in academia, governments, industry and investors. As the company continues to find new discoveries that add to their intellectual property portfolio and increase shareholder value, BioLargo continues to make progress in their mission to successfully pilot the AOS filter, and ultimately, make life better through access to clean water.
For more information about BioLargo, visit www.biolargo.com.
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