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BioNovelus Inc. (ONOV)

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Moderator: BTKV, resx18, desandan, Rogue Dead Guy
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Last Post: 8/16/2017 9:57:24 PM - Followers: 127 - Board type: Free - Posts Today: 8

Executive Summary

BioNovelus, Inc.  is a biotech company that honors the environment with an innovative, and disruptive technology-based solution to the problems of safety and cleanliness regarding food production and water supply.

Purpose of Technology 

The purpose of the technology is to replace toxic chemicals such as chlorine, bleach, bromine and triazol. Its usable form is non-toxic, non-corrosive and odorless, and it is more effective than other water sanitizers (especially in high temperatures). Test results prove it to be lethal agent to many fungi, spores, bacteria, virus, and other pathogens.
Various laboratories and universities have already validated the formula.

Path to Commercialization

BioNovelus is in the process of registering with the Environmental Protection Agency (EPA), and applying for NSF certification in the United States.

 The Market

At present, BioNovelus is focused on selling the BionoPLUS formula to the consumers of fungicide and pesticide products for the control of coffee leaf rust, and coffee bean and cocoa bean conservation, -- under the name CR-10 (for “Coffee Rust”-10)
The market for biopesticides was $7.3 billion in 2012, and is expected to reach $10.7 billion by 2020 at a CAGR of 6.2% from 2014 to 2020. (Source: Grand View Research Inc.) The global Coffee market has more than $175 billion in consumption value per year and generates tens of billions of dollars in profits for investors, and millions of jobs in developed nations.


Costa Rica Pop 4,301,712 people.  The United States and Costa Rica are parties to the U.S.-Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), which aims to facilitate trade and investment and further regional integration by eliminating tariffs, opening markets, reducing barriers to services, and promoting transparency. Costa Rica accounts for 2.6% of world production of coffee and 20% of Central American production.

Coffee Leaf Rust Pilot Test
On February 15, 2016, a Pilot Test of CR-10, a specific formulation of BionoPLUS created to prevent, control and kill Coffee Rust, was launched in cooperation with CoopeAgri R.L. in San Isidro del General, Perez Zeledon, Costa Rica. The Cooperative consists of 14,000 members, with an interest in 14,000 hectares of coffee plantations—all of which are affected by coffee rust. The first results of CR-10 tests are a full success.
Different than Competition
Our potential customers use the TRIAZOL family products out of desperation. They are toxic chemicals with a relative efficiency. So, farmers sometimes have to put 4 to 12 applications per year. The greatest advantage of CR-10 is that it works in 24 hours, and with only two applications; farmers don’t have to wait 8 to 15 days to see the results, and they save on labor cost because of fewer applications. CR-10 effects last longer, it is not toxic to humans, and it is biodegradable.   
Urgent Need for a Solution
The problem of coffee leaf rust is not as publicized, yet it is a real threat to the production of coffee.

In 2013 there was a major increase in Roya across 11 countries from Mexico to Peru.
The disease became an epidemic and the resulting crop losses pushed coffee prices to an all-time high. The governments of Costa Rica, Nicaragua, and Guatemala have all declared a state of emergency due to the Roya economic impact.
In 2015 and beginning of 2016, due to climate change, we see the magnitude of the epidemic. In Mexico and Central America coffee harvest have dropped their production between 30 to 80%.
In Central America when the coffee industry suffers so does the broader economy,
hence new waves of immigration to the US of Central American children of coffee pickers or farmers.
(You may remember children from Panama, Nicaragua, etc. coming through Arizona and Texas in August 2014?!)
According to the Costa Rican organization, ICafe, coffee loss from 2012 to 2016 is $2.5 billion to Central America and the loss of approximately 500,000 coffee-related jobs.
Vice President Joe Biden just met in Washington on February 24th, 2016 with the Presidents of El Salvador, Honduras and Guatemala to work on the issue.

“USAID, Keurig Green Mountain, Cooperative Coffees, Starbucks and Root Capital Launch $23 Million Resilience Fund to Help Farms Fighting Coffee Rust Crisis. (Source: USAID Press Office, 2014)

The Company was selected to become a resident of the Center of Entrepreneurial Innovation (CEI), incubator in Phoenix, Arizona. The Company entered into a lease agreement for office space in the CEI on June 1, 2016 and expiring on May 31, 2018. The minimum monthly lease payments range from $512 to $548. Total rent expense for the year ended December 31, 2016 was $3,344. 





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#8809  Sticky Note $ONOV Enviro-Safe CR-10 Disinfectant Approved in Guatemala resx18 05/03/17 01:17:36 PM
#8755  Sticky Note News... CR-10 is approved by the Ministerio de BTKV 04/28/17 08:57:35 AM
#7881  Sticky Note I went over to the $ONOV headquarters in resx18 12/19/16 10:42:18 AM
#9212   Agreed, I still don't think this is a Drifthappy 08/16/17 09:57:24 PM
#9211   You said no way it would get close Tom Trady 08/16/17 09:32:02 PM
#9210   TT, why do you care? DadBGonealot 08/16/17 08:59:09 PM
#9209   How's those taste test results ? Where Tom Trady 08/16/17 07:10:42 PM
#9208   Hey TT! Good to see you are DadBGonealot 08/16/17 05:58:36 PM
#9206   I'm trying really hard not to Tom Trady 08/16/17 05:09:14 PM
#9205   Anyone selling their shares for chump change should POSSIBILITIES 08/16/17 11:55:17 AM
#9204   Too bad you couldn't get it at .08435!!! DadBGonealot 08/15/17 06:56:22 PM
#9203   Owning ONOV stock is not compulsory I believe. DadBGonealot 08/15/17 06:52:20 PM
#9202   I hope they bring the fold out table Stonemoney 08/15/17 03:29:12 PM
#9201   More Fluff today..Not deserving of a Press Release... Stonemoney 08/14/17 05:01:24 PM
#9200   Nice 10Q! $ONOV Rogue Dead Guy 08/14/17 03:06:57 PM
#9199   10-q $ONOV resx18 08/14/17 03:06:06 PM
#9198   Phoenix, Aug. 14, 2017 (GLOBE NEWSWIRE) -- / resx18 08/14/17 11:38:09 AM
#9197   If this CR-10 is what they say, a Stonemoney 08/13/17 08:28:12 AM
#9196   No doubt.. all I'm saying is I want Rogue Dead Guy 08/11/17 10:18:09 PM
#9195   All of the new hires have to be POSSIBILITIES 08/11/17 06:09:44 PM
#9194   Was sitting in the .05 are if anyone Rogue Dead Guy 08/10/17 11:25:06 PM
#9193   So glad I got out of this one. jump3mb 08/10/17 01:40:47 PM
#9192   Yup! Might get lucky and snag a bunch!! $ONOV Rogue Dead Guy 08/10/17 06:23:42 AM
#9191   Yup it appears to be working its way Drifthappy 08/10/17 06:20:30 AM
#9190   I think we will see dilution soon Titanium 08/09/17 11:54:32 PM
#9189   Down to .05? Will be sitting just in Rogue Dead Guy 08/09/17 07:54:41 PM
#9188   That volume is powerful stuff and ONOV needs captharmony 08/08/17 12:20:28 AM
#9187   I need to start picking up more shares DadBGonealot 08/07/17 02:20:32 PM
#9186   Any cool-aid left ? Stonemoney 08/04/17 10:34:23 PM
#9185   Ya.. Down to .10 again... So what.. I Superthermal 08/04/17 07:02:49 PM
#9184   Hope deferred makes the heart grow faint. podacs 08/03/17 09:49:58 AM
#9182   Spread much? Holy cow Rhew123 08/02/17 11:35:04 AM
#9181   I've owned this since it was Firsten Wireless. Str88shooter 08/01/17 04:33:31 PM
#9180   A ride today... Rhew123 08/01/17 03:51:17 PM
#9179   Still holding that .10 area! Dipped below a Rogue Dead Guy 07/31/17 07:54:00 PM
#9178   No doubt, I'm right there with you. Now Drifthappy 07/31/17 06:33:14 PM
#9177   I can see getting off to a slow Stonemoney 07/31/17 06:23:29 PM
#9176   It's time for the company to make some Titanium 07/31/17 01:13:28 PM
#9175   Anybody have any shares to sell for a podacs 07/31/17 01:07:37 PM
#9174   The farms in Guatemala are subsidized by the Stonemoney 07/29/17 05:00:07 PM
#9173   Could use a little lighter fluid to get Rogue Dead Guy 07/26/17 10:43:17 PM
#9172   I usually play RMs, or potential RMs. Sometimes Duke2484 07/26/17 07:57:50 PM
#9171   This is not a quick flip stock. That's BFTR 07/26/17 07:33:58 PM
#9170   Yeah Iv noticed we have hit the bottom. Drifthappy 07/26/17 03:44:41 PM
#9168   Anyone's guess at this point. Hope to see Drifthappy 07/26/17 12:38:06 PM
#9167   Hey crew. Been watching for a while. Looking Duke2484 07/26/17 11:44:34 AM
#9166   Topstockgirl are you still here? Titanium 07/26/17 10:23:32 AM
#9165   It's starting to look like they are trying Stonemoney 07/26/17 09:49:54 AM
#9164   Sooner rather than later me thinks. Jean's been wz9ytp 07/26/17 07:01:41 AM
#9163   I think its gonna kick some arse in captharmony 07/25/17 10:24:26 PM
#9162   Going back up, someone is loading, nice buys Drifthappy 07/25/17 03:44:28 PM