Algasol Renewables signs MOU with BCSIR
Algasol Bangladesh Ltd is proud to announce the signing of the MOU between Bangladesh Council of Scientific & Industrial Research (BCSIR) and Algasol Bangladesh Limited that officially initiates the collaboration between our two institutions to implement large commercial scale production of algae biomass. Amongst other significant objectives, this agreement will:
- Supplement farmers' income
- Enrich farmers' diet
- Create exports of algae biomass, non-processed and processed, for example fish feed stock, i.e. OMEGA-3 and protein
The production of large-scale algal biomass will be done with the help of thousands of farmers as well as government and non-governmental institutions.
BCSIR EXPERTISE BASED SUPPORT
BCSIR has an outstanding expertise in aquaculture and fish feed which will enhance and develop further the production of fish feed stock, OMEGA-3 and protein, in Algasol's cost efficient PBRs.
BCSIR scientists work on aquaculture practices for the production of fish, zooplankton culture as fish feed and integrated pest management for farmed fish.
Concentrating their area of research on environmentally sustainable fish feed stock from algae and development of bio-pesticides on farmed fish.
Chairman of BCSIR Dr A K M Asaduzzaman (left) and CEO Mr Alam of Algasol Bangladesh Ltd (right)
About Algasol's Patented PBR Technology
Our award winning photobioreactor technology breaks the cost barrier and allows microalgae production to be economically viable in the present tense. On average, our technology lowers CAPEX by 90% when compared to other growth systems, and is deployable both on land (in ponds) and in the oceans. To give you an example, 1 ha (10,000m2) of Algasol PBRs is as low as USD 52,500, including harvesting valves and internal aeration.
The main components of our worldwide patented technology include the following:
- General concept of controlling the position of a closed photobioreactor by providing a density difference between the algae culture inside the photobioreactor and the surrounding water
- Density Management System for submerging/angling the PBR
- Internal Aeration System
BCSIR and Algasol Bangladesh Ltd team at signing ceremony
Algasol continues to strengthen its patent portfolio by securing additional international patent applications that optimize its revolutionary biomass production platform.
About Algasol Renewables, Algasol Bangladesh Ltd and Algae Biomass Bangladesh Ltd.
Algasol Renewables has naturally transitioned from a technology company, owning the most coveted patent and cost efficient (CAPEX, OPEX and productivity) on algae growth systems, to being in the process of becoming one of the largest algae biomass manufacturers through its daughter companies, Algasol Bangladesh Ltd and Alga Biomass Bangladesh Ltd.
Algasol Bangladesh Ltd is the manufacturing company for the world wide patented floating PBR concept.
Algae Biomass Bangladesh Ltd coordinates the production of algal biomass by independent farmers and other growers in Bangladesh.
Visit Algasol's webpage for additional news and updates.
For more detail, our worldwide patent is accessible at www.wipo.int.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release are "forward-looking statements" within the meaning of the federal securities laws. Statements about our beliefs and expectations regarding our technology platform, our ability to efficiently develop new products, the potential wide applicability of our intellectual property and licensing opportunities, may constitute forward-looking statements. These forward-looking statements involve risks, uncertainties and other factors that could cause Algasol's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Investors are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Any forward-looking statements speak only as of the date of this press release and, except as required by law, Algasol expressly disclaims any intent or obligation to update or revise any forward-looking statements to reflect actual results, any changes in expectations or any change in events. If Algasol does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. Factors that could cause results to differ materially include, but are not limited to: (1) whether the patented technology will result in any new products or improve our ability to efficiently and effectively develop new products; (2) whether the patented technology will result in any new customers, partners, collaborations or licensing agreements; (3) Algasol's research and development efforts, and (4) Algasol's ability to successfully enforce its intellectual property rights.