Pond Technologies Announces Launch of Containerized Algae Growth System for Export

Rhea-AI Summary

Pond Technologies Holdings Inc. (OTCQB:PNDHF) announced the launch of a containerized algae growth system for global export, priced at US$1.6 million. This scalable unit includes a laboratory, photobioreactor, controls, and training, enabling the growth, harvesting, and processing of algae biomass. Pond's CEO, Grant Smith, highlighted the system's potential to capture unmet global market demand by transforming greenhouse gas emissions into valuable products. The company is actively quoting units for customers in Asia, Europe, and North America.

Positive

• Launch of a containerized algae growth system priced at US$1.6 million.
• System designed to capture unmet global market demand and provide a new revenue stream.
• Product includes full capabilities for growing and processing algae biomass.
• Scalable unit can be easily shipped worldwide, enhancing market reach.

Negative

• None.

Containerized Algae Growth System to Provide New Revenue Stream and Capture Unmet Global Market Demand

MARKHAM, ON / ACCESSWIRE / October 6, 2020 / Pond Technologies Holdings Inc. ("Pond") (TSX.V:POND) (OTCQB:PNDHF), an ESG company addressing global sustainability challenges of climate change and nutrition, is pleased to announce that it has launched a proprietary algae growth system that may now be purchased as a containerized unit. Priced at US$1.6 Million, the scalable unit package includes a laboratory, photobioreactor, controls and training and can be easily shipped anywhere in the world. This unit includes full capabilities to grow, harvest and spray dry algae biomass, and can serve as a ‘proof-of-concept' for anyone looking to transform their greenhouse gas emissions into valuable products.

Grant Smith, Pond CEO, commented, "The containerized unit represents a significant milestone for Pond, and we believe this product will match the strong global demand for an all-encompassing scalable algae growth system that can be shipped with ease. Moreover, this system rounds out our customer offering. The unit is a simple, scalable package that can be quickly attached to a customer's emission source for the purpose of testing and marketing the algae output with prospective off-take customers. We continue to focus on revenue generating opportunities and we believe that the units will expand our global market reach while generating revenue in the time between growth trials and a full technology licensing agreement. Pond is currently quoting units for potential customers in Asia, Europe and North America, and we look forward to keeping our shareholders updated on our progress."

About Pond Technologies Holdings Inc.:

Located in Markham, Ontario, Pond is a technology company that provides profitable solutions to the global health and wellness challenges of climate change and nutrition. Pond's proprietary growth platform, including patented advanced photonics, optimizes key growth inputs in order to provide a controlled environment that maximizes the growth of algae and other organisms. This enables industrial emitters to generate new revenue streams from the transformation of underutilized CO2 to valuable algae-based products, such as protein for animal feed and nutraceutical products like Chlorella, Spirulina, and Astaxanthin for human consumption. For more information visit https://www.pondtech.com/.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

For further information contact: Grant Smith, Chief Executive Officer, at g.smith@pondtech.com, 416-287-3835 ext. 201; or Chris Cory at c.cory@pondtech.com , 416-287-3835 ext. 215.

SOURCE: Pond Technologies Holdings Inc.

View source version on accesswire.com:
https://www.accesswire.com/609310/Pond-Technologies-Announces-Launch-of-Containerized-Algae-Growth-System-for-Export

FAQ

What is the new product launched by Pond Technologies?

Pond Technologies has launched a containerized algae growth system priced at US$1.6 million, designed to grow and process algae biomass.

How much does the containerized algae growth system cost?

The containerized algae growth system is priced at US$1.6 million.

In which markets is Pond Technologies quoting the new algae system?

Pond Technologies is quoting the new algae growth system to potential customers in Asia, Europe, and North America.

What are the features of Pond's new algae growth system?

The system includes a laboratory, photobioreactor, controls, and training, enabling the full capabilities to grow and process algae biomass.

What is the potential impact of the new algae growth system on Pond's revenue?

The new algae growth system is expected to provide a new revenue stream and capture global market demand.