BioLargo awarded subcontract to provide air quality services to Air Force

BioLargo announced that its engineering subsidiary has been awarded a subcontract to provide air quality services to two Arizona U.S. Air Force bases for up to four years, with expected annual revenue of approximately $812,000. The news comes on the heels of a similar recently announced contract award to serve three Air Force bases in New Mexico, which has a potential annual average revenue of $650,000. BioLargo’s work at the Arizona bases consists primarily of the air quality regulatory compliance portion of a Fence-to-Fence support contract through prime contractor HLTLI Joint Venture, LLC, a joint venture between HL Environmental Services and TLI Solutions. The four-year prime contract secures pricing for F2F services over the term of the contract but does not guarantee continuation of the contract over that duration. In the past, BioLargo’s engineers have continued providing services through the duration of the prime contract. In total, BioLargo Engineering’s work at Air Force bases now amounts to over $100,000 of revenue per month.