The Omega system generates faster algal growth rates versus less efficient open pond and non-continuous closed-loop systems. In addition, the Omega system has a lower cost to ship and build. It’s modular design allows the flexibility to use any building or location for future production without having to modify or change the design. Furthermore, the Company is in the process of developing acoustic technologies that could significantly increase the extraction rates of oil from algae versus industry standard methods.
The Company’s products are commodities priced by market forces. One of the Company’s competitive advantages is low production cost combined with the ability to consistently offer high quality, organic products. Additionally, the company has key commercial contacts to efficiently supply and serve the following markets: personal care, cosmetics, animal feed and nutraceutical industries.