We intend to achieve commercialization of algal oil production in three phases over roughly 24 to 48 months: prototype completion; four unit pilot plant; and a 200-unit SolarMagnatronTM commercial scale plant (equivalent to 1 million gallons of biomass in production). The most important part of our acquisition of customers will be to demonstrate our ability to produce algal biomass continuously with our prototype unit and then with our 5-unit pilot plant with commercial viability as well as third party validation. Once achieved, we will reach out to strategic partners to establish either off take agreements , allowing us to move forward with our 200-unit commercial scale showcase plant, or licensing of our technology as described in our business model. There is a wide range of potential customers that are currently seeking renewable biofuels. This includes the Department of Defense, and transportation companies. In addition, the pharmaceutical, nutraceutical, agricultural, aquacultural, agroscience, and food industries are very much involved in identifying new sources of refined chemicals that algal biomass can efficiently and sustainably produce high value products such as Omega 3 oil.
Our goal is to provide our future consumers with advanced algae cultivation technologies developed, tested and proven to maximize profits in producing high value products utilizing sustainable and environmentally friendly systems.
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 An agreement between a producer (AlgaStar) of an algae resource and a buyer of this resource to purchase/sell portions of the producer’s future production.