BioLargo Inc (OTCQB:BLGO) announced Monday that its wholly-owned subsidiary ONM Environmental has acquired a deodorizing and sanitizing technology called EcoMist, that helps raise the customer-care bar for solid waste collectors to treat all types of waste receptacles in real-time during pick up.
The company noted that EcoMist is a device installed directly onto any waste collection vehicle that automatically sprays odor control products and/or sanitizer into refuse bins or dumpsters during the waste collection process.
ONM plans to test-market the product directly with its major solid waste handling customers, by packaging it with its popular odor and VOC (volatile organic compounds) control product CupriDyne Clean.
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BioLargo said EcoMist is easy to install and use. It works "out-of-the-box," allowing customers to install the system themselves -- and also meaning ongoing sales will not require a significant investment in logistics and servicing.
ONM's acquisition of EcoMist is part of BioLargo’s strategy to grow revenues of its air quality control division through chemistry deployment systems that lead to more scalable sales of its disruptive odor and VOC control product CupriDyne Clean. It also helps ensure ONM can provide the largest waste handling companies in the country, with a broad range of tools to solve their odor and VOC control challenges in all facets of their business.
California-based BioLargo said that ONM's only obligation under the acquisition agreement is a 10% royalty on EcoMist system sales.
"To the best of our knowledge the EcoMist system is one of a kind," said ONM President Joseph Provenzano in a statement. “We believe it is a good fit to enhance business growth and another example of how we continue to deliver valuable solutions for our customers while helping keep our environment cleaner, safer and healthier, as we pursue our overarching mission to ‘make life better'."
A video showing EcoMist in operation can be viewed here: https://www.biolargo.com/ecomist-video.
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