Significant progress has been made towards the commercialization of BioMAG products. We achieved key milestones in regulatory compliance, toxicity evaluation, state certifications, and strategic partnerships. These efforts position us to expand into public works projects nationwide and diversify into new markets. Our next steps involve finalizing certifications, scaling production of new products, and strengthening partnerships to meet the growing demand for sustainable, soy-based polymer solutions.

The project has brought significant benefits to U.S. soybean farmers by creating new and expanding existing markets for high oleic soybean oil through the commercialization of BioMAG™ products. By developing soy-based polymers for use in asphalt infrastructure, the project has increased the demand for soybeans, particularly the high-oleic variety. This demand directly translates to higher sales volumes and potentially better prices for soybean farmers. Our successful scaling of production and the establishment of a 2nd manufacturer indicate a sustained and growing need for soybean oil as a raw material. The project's efforts in securing regulatory approvals and "allow-list" certifications across various states have opened up public works projects nationwide as a viable market. This expansion into public infrastructure applications means that large quantities of soybean-derived products will be required, further boosting demand. The replacement of hazardous materials with safer, soy-based alternatives in product formulations enhances environmental safety and positions soybeans as a preferred raw material in environmentally conscious markets.