The products of Algo Tehnology based on brown sea algae are characterized by the low cost of implementation, as well as quick and sustainable effects guaranteed by the ecological profile of the technology. In Europe, there are 7 more producers with a similar program, though their products are considerably more expensive, which is one of the signs pointing to their method of extraction. With their innovative solutions, Algo Tehnology has managed to simplify and make less expensive the procedure of extraction, making the price of the final products 30-40% more competitive than other producers.
The project displays great competitiveness compared to conventional approaches to the said problems. Furthermore, in many segments that Algo Tehnology has mastered, there used to be no practical solutions (manure pit treatment, irrigation canal treatment...).
The year 2017 was the company’s first year in the market. Production worth EUR 200,000 was realized, whereas, this year, they plan to realize 500,000 to 700,000 euros in the Serbian market.
As fertilizers, biostimulators based on brown sea algae have been implemented in agriculture as well – in orchards, cultivation of melons, apples, grapes, but also in pepper plantations and the production of tobacco. Fermentors have been implemented in ecology in manure pits on pig and cow farms of the leading agricultural producers, such as PKB, IM Matijevic, and in the treatment of septic tanks (around 85% of municipal waters in Serbia are on the level of septic tanks).
The products are sold in agricultural pharmacies, through direct distribution, through associations, and among other things, they cooperate with the Cluster of Organic Producers of Vojvodina, which brings together more than 500 members.
In 2017, they had prominent presentations at international fairs, with smaller, sample-size amount exported to Macedonia, Bulgaria, China, Russia and Iran.
In January 2018, they opened a company in Macedonia, where pre-contracts have already be signed with tobacco producers and vineyards.
Last year, they performed an experiment close to Shanghai, where yields are low due to a high Ph value of the soil. After the Algo Tehnology products were applied, results improved 2.5 times. An agreement was subsequently signed with the Chinese company Dafeng harbor, and the export should start by May (around 20 tons a day).
The company also had a prominent presentation at the investment forum in Xian in 2017, which opened doors for them to take part in environmental projects in China, such as the New City Concept Xian – new models of the cities of the future, with sustainable ecology, energy and food production.
So far, Algo Tehnology has invested around EUR 1.2 million of their own funds for the development and the production of products based on brown sea algae extract, and the company expects the investment to pay off in 5-6 years.
They have fully mastered the extraction technology, and the possibilities of implementation are still enormous, opening new perspectives for the company’s development. They also have their own Development Lab, where analyses and research are performed constantly. The company currently has 6 employees and occasionally hires just as many.
If the products based on brown sea algae extract are your investment of the year favorite, you can vote for them on the official website of the Aurea award