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BioLargo, Tomorrow Water, & BKT establish major joint venture

BioLargo, Tomorrow Water, & BKT establish major joint venture
BioLargo, Tomorrow Water, & BKT establish major joint venture

 

  • The companies, in unison would manufacture and commercialize products based on CupriDyne Clean for the South Korean market.
  • Operations of the newly formed entity to commence soon.

One of the leading developers of sustainable technologies and full service environmental companies, BioLargo, Inc., has reportedly announced forming a joint venture with BKT and Tomorrow Water to manufacture and support the distribution of the products. These would be based on award winning air quality control product, CupriDyne Clean for catering to the demands of the South Korean market.

For the record, BKT serves as a prominent wastewater treatment solutions provider with operations in the South Korea, USA, and Vietnam. The company boasts of a widespread distribution network throughout Southeast Asia.

Under the terms of agreement, BKT has raised purchase of USD 350,000 worth of BioLargo common stock. The parties are said to fund the collaboration with over USD 150,000 from BKT and Tomorrow Water combined and USD 100,000 from BioLargo alone. Moreover, the operations of the newly established JV entity is expected to commence anytime soon.

It has been claimed that the collaboration is intended to exchange information and product training, perform testing, clear safety requirements, set up physical headquarters in South Korea, and secure supply chain relations to facilitate the distribution of CupriDyne Clean-based products in the states of South Korea. 

According to credible reports, CupriDyne Clean is a patented product by Odor-No-More that controls VOCs and odors at an expanse of industrial sites including wastewater treatment operations, transfer stations, and landfills. The company currently serves as the largest waste handling companies in the US. The product is proved to be effective in curbing air contaminants like terpenes, hydrogen sulfide, and other VOCs.

Commenting on the JV, Joseph Provenzano, the VP of Operations for BioLargo and Odor-No-More President said that CupriDyne Clean has marked its name to be one of the best in waste handling industries across the United States. Moreover, through this initiative, the companies are looking forward to making life easier for all the South Korean operators.

On the other hand, the CEO and founder of BKT and Tomorrow Water, Dong Woo Kim quoted that the company is pleased to work with BioLargo on the initiative and is looking forward for a long-lasting partnership.

Source credit: https://finance.yahoo.com/news/biolargo-bkt-tomorrow-water-set-140728327.html

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Bhushan Tambe

A qualified computer graduate, Bhushan Tambe always nurtured a passion for words. Post his education, he decided to transform his penchant of penning down poetry and stories into a full-time career. Presently, Bhushan writes numerous articles for cuereport.com and a few other websites, on subjects spanning business, finance, and the like.