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Pond Technologies Holdings Inc. has reported successful results in producing recombinant proteins, published in Nature Scientific Reports. The company has received $230,000 to date for milestones from a project with a Fortune 500 oil and gas company and anticipates an additional $850,000 in 2022. Weekly deliveries of proteins have proven effective in diagnostic tests. Pond is gearing up for a commercial supply contract by year-end, aiming to enhance revenue growth in its biotech division, leveraging algae as a low-cost production medium.
Pond Technologies Holdings Inc. has provided an update on its agreement with Livalta, a subsidiary of Associated British Foods, to commercialize algae-based animal feed ingredients. This global partnership aims to produce animal feed from CO2 emissions through a supply agreement worth approximately CAD$2.9 million and up to CAD$2.6 million in technology access fees. The demonstration system for algae cultivation is expected to start operations in Q4 2022. To date, Pond has received CAD$1.5 million for milestone payments, with an additional CAD$4 million remaining.
Pond Technologies Holdings Inc. has announced a research agreement with BioCarbN and Livalta/AB Agri to explore algae strains that could help reduce methane emissions from cattle feed. Cattle account for approximately 2 billion metric tonnes of CO2 equivalent emissions annually, similar to India’s total emissions. The partnership aims to develop a microalgae-based feed ingredient that not only reduces emissions but may also improve feed efficiency. The global cattle feed market exceeds $75 billion. This agreement represents a significant opportunity for Pond’s algae growth platform.
Pond Technologies Holdings Inc. announces CEO Grant Smith's feature on BNN Bloomberg's Commodities show, discussing algae growth using CO2 emissions for sustainable products. With Canada's upcoming carbon tax, Pond anticipates increased demand for its technology, which captures carbon and produces algal products. The company is also launching a $300,000 digital marketing campaign to enhance its market presence. Pond Technologies specializes in transforming CO2 into valuable products, benefiting from a strong business pipeline and ongoing commercialization efforts.
Pond Technologies Holdings Inc. (OTCQB: PNDHF) announced its participation in the Lytham Partners Spring 2022 Investor Conference, a virtual event scheduled for April 4-7, 2022. The company's presentation will be available on April 4 at 11:00 AM ET, with an archived replay also accessible. Management will hold one-on-one meetings during the conference, and interested parties can contact Lytham Partners for arrangements. Pond specializes in converting carbon dioxide into algal-based products using innovative technology, including AI and patented CO2 management.
Pond Technologies Holdings Inc. has completed the second tranche of its non-brokered private placement, raising $684,000 through the issuance of 3,420,000 common shares at $0.20 per share. The proceeds will be utilized for general working capital. The TSX Venture Exchange has provisionally approved the placement, with final acceptance required by April 1, 2022. Pond Technologies specializes in converting carbon dioxide into algal products, leveraging advanced technology for sustainability.
Pond Technologies Holdings Inc. (OTCQB: PNDHF) has joined the Ontario Clean Technology Industry Association (OCTIA), aiming to tackle sustainability challenges. The clean technology sector is projected to exceed $2.5 trillion in 2022, creating vast economic opportunities. OCTIA focuses on fostering Ontario's cleantech community and building partnerships for quality business opportunities. Grant Smith, CEO of Pond, stated that membership will help identify opportunities for their carbon capture and algae technology as they pursue aggressive commercialization plans.
Pond Technologies Holdings Inc. announced the closing of the first tranche of a non-brokered private placement, raising $1,100,000 by issuing 5,500,000 common shares at $0.20 per share. Insider participation totaled $210,000, demonstrating confidence in the company's future. Proceeds will support ongoing projects in the food and energy sectors. The second tranche, expected to raise up to $500,000, is set for closing by March 11, 2022. Pond aims to leverage this funding for strategic growth and commercialization of its technology.
Pond Technologies Holdings Inc. has launched Pond Carbon, a new brand aimed at enhancing commercialization of its CO2 abatement technology. This initiative involves partnering with project developers and industrial emitters to convert CO2 into valuable products like food and nutraceutical ingredients through algae cultivation. Pond expects to unveil new partnerships in 2022 to drive revenue growth, while the company's intellectual property rights will be held by a subsidiary. Pond Carbon's launch positions the company to capitalize on carbon credits and sustainable product development.
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