- Opens recurring sales channels for health care related products -
- Establishes working capital line of credit to support sales efforts -
BioLargo, Inc. (OTCQB: BLGO) announced its subsidiary Odor-No-More, Inc. was assigned National Stock Numbers (NSNs) for multiple products by the Defense Logistics Information Service (DLIS), allowing the U.S. military, and federal and civil agencies, to order these products as a stock item directly from the company. The NSNs were assigned for the company's six body fluid solidifiers.
Dennis Calvert, BioLargo's president, stated: 'The NSN assignment is a significant milestone as it establishes an important sales channel for these products, as well as provides a pathway for introducing additional products. NSNs are officially recognized by the United States government, the North Atlantic Treaty Organization (NATO) and many governments around the world. In addition, NSNs are assigned for products frequently reordered by the military and other agencies, representing a significant long-term market opportunity for BioLargo. This sales channel is particularly well suited for our advanced wound care products in development by our subsidiary Clyra Medical Technologies. Due to the potential of this market and our multiple product applications within the military channel, we have established a small working capital line of credit to complement our cash on hand to support our increased sales efforts.'
The company's body fluid solidifiers are used to solidify bodily fluids evacuated during surgery, in hospital settings and military deployment situations. Using BioLargo's advanced iodine technology, the products provide advanced holding power, increased safety, and superior odor control in an easy to use mechanism that requires no special handling.
'Our products went through a comprehensive evaluation process by healthcare providers in multiple Military Medical Facilities (MMFs), after which the product received positive reviews and was suggested for NSN assignment by the U.S. Army. This validation reflects the traction we expect these products will gain in markets outside the military channel as well,' concluded Calvert.
Downeast Logistics, a certified Service-Disabled Veteran-Owned Small Business (SDVOSB) with 13 years in operations, helped organize this sales channel and also supports BioLargo as a distribution partner to facilitate its expanding sales initiatives within its Odor-No-More subsidiary. Downeast Logistics' designation as a SDVOSB places it within a group of highly sought after vendors to the US government.
About BioLargo, Inc.
BioLargo, Inc. (OTCQB: BLGO) makes life better by delivering technology-based products that help solve some of the world's most important problems that threaten water, food, agriculture, healthcare and energy. More information can be found about the company and its subsidiaries at www.BioLargo.com. The subsidiary BioLargo Water, Inc. (www.BioLargoWater.com) showcases the Advanced Oxidation Systems, including its AOS Filter, a product in development specifically designed to eliminate common, troublesome, and dangerous (toxic) contaminants in water in a fraction of the time and cost of current technologies. BioLargo also owns a 50% interest in the Isan System, which was honored with a 'Top 50 Water Company for the 21st Century' award by the Artemis Project. The subsidiary Odor-No-More Inc., features award-winning products serving the pet, equine, and consumer markets, including the Nature's Best Solution® and Deodorall® brands. (www.OdorNoMore.com). The subsidiary Clyra Medical Technologies, Inc. (www.ClyraMedical.com), focuses on advanced wound care management and is preparing to make FDA 510(k) applications in 2014.
Safe Harbor Statement
The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, the risks and uncertainties included in BioLargo's current and future filings with the Securities and Exchange Commission, including those set forth in BioLargo's Annual Report on Form 10-K for the year ended December 31, 2012.