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0.0121580547112462 0.0121580547112462 0.0121580547112462 0.0121580547112462 0.0121580547112462 -0.0334346504559271 0.0212765957446809 0.0303951367781155
Stock impact report

BioLargo Protects its Intellectual Property, Revokes Pooph License Due to Failure to Pay and Other Contract Breaches [Yahoo! Finance]

BIOLARGO INC (BLGO) 
NASDAQ:AMEX Investor Relations: biolargo.com/investor-relations
Company Research Source: Yahoo! Finance
cleantech innovator that creates and commercializes sustainable technologies, today announced that it had revoked the technology license granted to Pooph Inc. ("Pooph") and was terminating the license agreement, after Pooph failed to meet its contractual obligations, including payments owed to BioLargo totaling approximately $3.8 million. BioLargo's formal notice advised that Pooph is no longer allowed to market or sell products that incorporate, use, or are based on, in whole or in part, BioLargo's patents and proprietary information, including but not limited to know-how, disclosed to Pooph, and that absent reinstatement of the grant of license, Pooph must immediately stop marketing and selling any such products in its possession, custody or control (or sold through market portals or platforms such as Amazon). Pooph's emergence as a nationally recognized consumer brand was made possible by BioLargo's products, technical and commercial know-how, extensive market experience, and the Show less Read more
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