WESTMINSTER, CA / ACCESSWIRE / November 19, 2018 / BioLargo, Inc. (BLGO), developer of sustainable science and technologies and a full-service environmental engineering company, today announced that it had passed an important milestone - $1,000,000 in annual revenues (year-to-date in 2018).
BioLargo president Dennis P. Calvert commented, "Sales of our odor control products have doubled each of the last four years. A recent order took us over the $1 million in sales mark for the year. Congratulations to Joe Provenzano and his team."
Odor-No-More, Inc. President Joseph Provenzano commented on the milestone, "We are repeatedly told by our customers we have the best odor-control product in the market. We are leveraging that momentum by becoming a one-stop solution for industrial odor problems. We are focused on hiring additional
The company also reported in its recently filed 10-Q that its engineering subsidiary's (BLEST) monthly revenues exceeded expenses for the first time in October. It's important to note that while BLEST is growing its external services revenues, BioLargo also leans heavily on this division for development of its AOS water treatment system, support for the odor division, and implementation of AOS pilot projects.
BioLargo President and CEO Dennis Calvert said of the news, "Our success this year is an example of how great technology-based products and services can turn into disruptive commercial initiatives. We have only scratched the surface for both Odor-No-More and BLEST as they are heading toward profitability as stand-alone business units. Odor-No-More has evolved to become a total solutions provider for its customers, leveraging its considerable competitive advantages that make it a standout winner with a total addressable market that exceeds $1.3 billion in the USA alone (FN1). We are also excited about BioLargo Water and Clyra Medical Technologies, both of which are preparing to go commercial with their disruptive and sustainable products in 2019. While the costs of maintaining a public company also add to the overall company
About BioLargo, Inc.
BioLargo, Inc. is an innovative technology developer and environmental engineering company driven by a mission to "make life better" by delivering robust, sustainable solutions for a broad range of industries and applications, with a focus on clean water, clean air, and advanced wound care. We develop and commercialize disruptive technologies by providing the capital, support, and expertise to expedite them from "cradle" to "maturity" (www.biolargo.com). Our engineering division features experienced professional engineers dedicated to integrity, reliability, and environmental stewardship (www.biolargoengineering.com). Our industrial odor control division, Odor-No-More (www.odornomore.com) features CupriDyne Clean Industrial Odor Eliminator (www.cupridyne.com), which eliminates the odor-causing compounds and VOCs rather than masking them and is now winning over leading companies in the solid waste handling and wastewater industries and other industries that contend with malodors and VOCs. Our subsidiary BioLargo Water (www.biolargowater.ca) develops the Advanced Oxidation System "AOS," a disruptive industrial water treatment technology designed to eliminate waterborne pathogens and recalcitrant contaminants with better energy-efficiency and lower operational costs than incumbent technologies. Our subsidiary Clyra Medical (www.clyramedical.com) features effective and gentle solutions for
FN1 - Total addressable market assumes 100% market penetration at the landfills, transfer stations, and wastewater treatment plants located in the United States, and is based on average per-location revenue assumptions management believes to be reasonable.
Dennis Calvert President and CEO BioLargo, Inc. 949-643-9540 x2
Safe Harbor Act
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates
SOURCE: BioLargo, Inc.