BioLargo Inc (OTCMKTS:BLGO) has initiated a regulated crowdfunding operation through its subsidiary BioLargo Water Investment Group Inc (BWIG) to secure the necessary funding to launch its patented water treatment technology into the $246 million poultry processing market.
Nine billion chickens are processed in the US every year, the company said, which creates roughly 60 billion gallons of contaminated wastewater. BioLargo’s technology can treat the polluted water, allowing for safe wastewater discharge and water reuse.
The technology is BWIG’s Advanced Oxidation System (AOS), which eliminates bacteria, viruses, and other pathogenic organisms, and can reduce pharmaceuticals and antibiotics more effectively than the standard systems used to treat wastewater.
AOS also requires less power and is more affordable than other processes including chlorination, ozonation and UV radiation. So far it's been tested by a poultry farm in Canada, a microbrewery in Southern California and a stormwater site in Southern California.
In addition to the poultry processing market, the Westminster, Claifornia company intends to enter the $44 billion stormwater, food and beverage, oil and gas, municipal, industrial and agriculture wastewater markets.
BioLargo Water has won more than 70 grants for the development and commercialization of water treatment technology and is supported by more than 20 industry and academic collaborators.
BioLargo, the parent company, is an environmental engineering company working to deliver sustainable solutions for a broad range of industries and applications, with a focus on clean water, clean air, and advanced wound care.
Shares advanced over 11% in New York to $0.23.
Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel