BioLargo, Inc.'s (BLGO) Canadian subsidiary, BioLargo Water Canada, will receive additional financial support and advisory services of up to C$220,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) to continue advancing its AOS Filter (Advanced Oxidation System). The contribution from NRC-IRAP, the fourth received by BioLargo Water, provides funding for 80% of supported salary costs and 50% of supported contractor fees.
"This funding allows us to conduct synchrotron studies at the Canadian Light Source, to hire additional staff, including two PhDs, and to support further development of our technology and AOS filter over the next 18 months," said Dr. Richard Smith, President of BioLargo Water, Inc.
Essential Funding to Expand Capabilities of the AOS Filter
The support fuels a pivotal moment in the development of the AOS Filter, enabling BioLargo's research and development team to expand the scope of the technology's decontamination and disinfection capabilities (focusing on bacterial spores and capsid viruses), as well as to demonstrate its abilities for viable large-scale deployment and commercial implementation in industries such as livestock processing.
The AOS filter, the lowest cost contender, is a system that facilitates continuous and scalable treatment with maximum efficiency, using GRAS components to destroy contaminants. Complimentary with multiple filter systems, the AOS filter quickly destroys contaminants, and is able to extend the life of the filtration systems.
Totaling over $1 million in order to advance the BioLargo AOS Filter to commercialization, BioLargo has secured a number of grants and financial awards. The company recently completed a $1,000,000 capital raise in Q3, and raised another $750,000 in Q4. Furthermore, this past August, researchers at the University of Alberta validated BioLargo’s water treatment technology.
Through financial support and verified effectiveness, continued advancement of BioLargo’s AOS filter further positions the company to be a leader in the water management sector. "We are thankful for continued financial support of the NRC-IRAP program,” said Dennis Calvert, President and CEO of BioLargo. “Their support is critical to advance our plans to grow and generate profits through our continued development and commercialization of our innovative AOS filter technology."
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