Algae Farm logo

Algae Farm (BIOG)

Status
IEO

A pioneer in the disruptive indoor cultivation of high yield algae oil, residual biomass and algal biomass.

Algae Farm White Paper Whitepaper

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4.4/5 9 votes
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Ticker
BIOG
Type
Utility-token
Token standard
ERC20
FoundedUnited States

What is Algae Farm

Algae Farm® disruptive intellectual property and technology includes systems and processes that continuously produce high yield, reliable, predictable, scalable and sustainable algae biomass in an indoor climate-controlled environment. The biomass has “algae oil” intact. This oil contains chemicals such as EPA, DHA and others. When extracted from the biomass, the AlgOil™ can be used as a contributory part of high value algae derived products such as Omega3 based nutraceuticals. Therefore, our market and focus is high value specialty chemical markets that include consumer and healthcare products. We are a contributory part of these finished products. Our mission is to be a reliable supply source to our end user, the manufacturer, of these products and in some cases services. The purpose of this project is to commercialize the related Algae Farm® intellectual property and technology.

The proprietary algae production device is called Biogae™, a modular, scalable 4,000 US/gallon bioreactor designed to be deployed indoors. A mobile on-site non-invasive solution is also available.

The Method – takes the basic production principles of “mother nature’s” outdoor algae production and brings the process indoors. When applying biotechnology principles, the issues such as contamination, inconsistent temperature, inconsistent sunlight and other environmental and climatic issues are mostly mitigated. The result is more predictable production yield. In other words, we have moved away from agricultural growth in favor of biotechnology.

Algae are primarily grown, harvested and extracted outdoors using sunlight and water (fresh or salt depending on the algae strain). Growing anything outdoors is problematic due to climatic uncertainties. Climatic uncertainties result in unpredictable and unreliable production yield. Unpredictable production yield will result in an inability to sustain growth required for commercialization. Scalability is necessary to produce high yield algae oil, residual biomass and algal biomass.

Algae are the fastest-growing plants in the world. Like other plants, they use photosynthesis to harness sunlight and carbon dioxide, creating high-value compounds in the process. Energy is stored inside the cell as lipids and carbohydrates, and can be converted into fuels such as biodiesel and ethanol. Proteins produced by algae make them valuable ingredients for food additives, nutraceuticals (vitamin supplements), cosmetics, plastics, animal feed and much more.

Algae Farm Roadmap

1
2009-2010
  • Proof of Concept – Pilot to Scale - Production validation completed
  • 2
    2011
  • Algae Farm trademark is registered, Algae Farm International, Ltd. organized in Saint John, New Brunswick, Canada
  • 3
    2012
  • Device and Method for Algae Production is published in United States
  • 4
    2013
  • Algapond
  • 5
    2014
  • AlgOil
  • 6
    2015
  • Biogae
  • 7
    2016
  • Mobility on site non-invasive solution for wastewater treatment and reuse
  • 8
    2017
  • Texas Railroad Commission grants permission to proceed to treat produced water and flowback fluids onlease using Algae Farm mobile treatment units without a permit based on existing State of Texas (USA) statutes
  • 9
    2018
  • Independent third party valuation US $52.1M
  • 10
    2019
  • Options for commercialization financing alternatives evaluated
  • 11
    April 22, 2020
  • Initial Exchange Offering on LAToken platform
  • 12
    2020
  • IEO website launch
  • Marketing campaign
  • IEO platform launch
  • IEO listing on LAToken
  • Token distribution
  • 13
    2020 - 2021
  • Commercialization of intellectual property & technology
  • Token Sale Dates

    IEO

    Start date: Apr 22, 2020
    End date: May 20, 2020

    Token Allocation

    Total Token Supply 52,100,000 BIOG
    Total Tokens for Sale 40,960,000 BIOG

    Restrictions

    Residents of the following countries are prohibited from participating
    Afghanistan, Bosnia And Herzegovina, Cayman Islands, Democratic People's Republic of Korea (DPRK), Ethiopia, Iran, Iraq, Pakistan, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Uganda, the United States, Yemen

    Funds allocation


    37% - Working capital
    26% - General & administrative
    13% - Marketing & sales
    11% - Biogae fabrication
    8% - Lab & other equipment
    5% - Building lease

    Token Price and Payment Options

    Token price USD 1 BIOG = 1 USD

    Project team

    Richard (“Rick”) Berman
    Richard (“Rick”) Berman
    Founder / CEO
    Richard (“Rick”) Berman linkedin-team
    Matthew Saint
    Matthew Saint
    Director of Operations & Business Development
    Matthew Saint linkedin-team
    Joy Willard
    Joy Willard
    Director of Marketing
    Joy Willard linkedin-team

    Advisors

    Michael Douglas, PhD
    Michael Douglas, PhD
    Executive Director of Texas Science Education Foundation | Bioplastics Specialty Chemical
    Michael Douglas, PhD linkedin-team
    Chris Hymel, PhD
    Chris Hymel, PhD
    President/CEO – Signal Advance, Inc Biomedical Engineering|Signal generation|Radio frequency generation
    Chris Hymel, PhD linkedin-team
    Daniel Kainer, PhD
    Daniel Kainer, PhD
    Executive Director Lonestar Biotechnology Institute|Algae Production, Harvesting, and Extraction
    Daniel Kainer, PhD linkedin-team
    John Colvin
    John Colvin
    Retired Safety Compliance - Houston Advanced Research Center|Engineering Design|Fabrication
    John Colvin linkedin-team

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