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BioNovelus Inc. (ONOV)

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Last Post: 9/13/2018 4:11:14 PM - Followers: 122 - Board type: Free - Posts Today: 0

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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PlusOneCoin Top Posts
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#9914   Yes ! the new guy looks like he thatsallfolks 09/13/18 04:11:14 PM
#9913   they need to improve some aggressive marketing and captharmony 09/12/18 11:24:33 PM
#9912   Good, because I cant sell anymore.. restricted thatsallfolks 08/28/18 09:54:36 PM
#9911   Hold your shares and you will be just captharmony 08/28/18 09:43:11 PM
#9910   2nd quarter reports posted thatsallfolks 08/21/18 03:23:33 PM
#9909   more crap thatsallfolks 08/20/18 01:19:46 PM
#9908   Jean Ekobo booted as CEO? thatsallfolks 08/18/18 01:30:55 PM
#9907   treasure also left.. reason??? thatsallfolks 08/13/18 02:27:32 PM
#9906   ONGOING REVENUE ???? What ongoing are you referring?? thatsallfolks 08/13/18 02:26:40 PM
#9905   The CEO hint above ongoing revenue, check the OKOYE 08/12/18 02:17:25 PM
#9904   BioNovelus Legal firm raised money for others but thatsallfolks 08/10/18 09:55:44 PM
#9903   NEWS !!! thatsallfolks 08/10/18 12:46:25 PM
#9902   Is anyone going to write in to CEO thatsallfolks 08/10/18 10:49:45 AM
#9901   If anything, this stock is allowing anyone able captharmony 08/09/18 11:17:22 PM
#9900   Wow, shareholders are screwed- easily go into the .000’s. Jacob76 08/09/18 08:29:13 AM
#9899   sorry thatsallfolks 08/08/18 12:00:52 AM
#9898   Bad news, say's stockholders need to give opinion thatsallfolks 08/07/18 11:59:09 PM
#9897   Yes they are going to have to give thatsallfolks 08/07/18 09:41:39 PM
#9896   Would be better if it was a cash Dany boy 08/06/18 07:37:17 PM
#9895   News: OKOYE 08/03/18 06:05:58 PM
#9894   News!!! OKOYE 08/03/18 06:04:40 PM
#9893   This company is so undervalued and who ever captharmony 08/01/18 01:45:50 AM
#9892   What a dying giant from over 70cents... OKOYE 07/30/18 04:08:15 AM
#9891   We're all waiting on how it will move. captharmony 07/18/18 12:13:25 AM
#9890   CR-10® registered as a disinfectant by the Ministry thatsallfolks 07/09/18 05:08:21 PM
#9889   Let's hope for a nice rebound. Let's get captharmony 07/08/18 11:29:22 PM
#9888   The largest organic coffee cooperative conglomerate in Guatemala, Dany boy 07/08/18 01:38:14 PM
#9887   That Sounds logical for a deal, be patience Gigi70 07/08/18 01:35:54 PM
#9886   Yeah it is they only have six dollars Dany boy 07/08/18 01:33:36 PM
#9885   That’s strange , something is wrong ;-) Is that Gigi70 07/08/18 01:29:26 PM
#9884   No problem I just didn't even think about Dany boy 07/08/18 01:24:31 PM
#9883   Thx for sharing Gigi70 07/08/18 01:21:42 PM
#9882 https:// Dany boy 07/08/18 12:48:21 PM
#9881   Any link? Gigi70 07/08/18 11:13:17 AM
#9880   Yeah the 1st quarter financial info is available Dany boy 07/06/18 10:45:13 PM
#9879   They release fins/revs recently? desandan 07/06/18 07:09:26 PM
#9878   The website was updated March 31 and they Dany boy 06/27/18 11:25:25 AM
#9877 Still no change in mayacert websit Superthermal 06/26/18 06:53:53 PM
#9876   Keeping my eye on this. Not losing hope captharmony 06/20/18 01:56:28 AM
#9875   Should keep climbing through the summer growing season. podacs 06/08/18 12:01:05 PM
#9874   Wow I wrote this one off as a ballerdan 06/06/18 08:10:22 AM
#9873   Yes.. Sales are the key to unlock this stock thatsallfolks 06/04/18 06:19:18 PM
#9872   Need Sales ! podacs 06/04/18 01:23:31 PM
#9871   Unlike most pennies. This business is actually under captharmony 06/03/18 10:50:45 PM
#9870   $6.00 dollars in the bank thatsallfolks 06/02/18 01:40:59 AM
#9869   Mayacert + sales+profit+ reporting+Jean and crew killing it=$1.00and Superthermal 06/01/18 01:37:59 PM
#9868   Spring is planting season and prolly a good podacs 05/30/18 01:43:42 PM
#9867   As long as they remain current and deliver captharmony 05/23/18 08:58:39 PM
#9866   I found it on the first quarter financial Dany boy 05/21/18 07:01:15 PM
#9865 sli20001 05/21/18 02:36:32 PM