Pond Naturals Achieves Certification by SCS Global Services (SCS) Under the HACCP-Based Good Manufacturing Practices (GMPs) Food Safety Program - Seite 2
Advisory Services Share Issuance
In connection with the previously announced agreement between Pond and Livalta, an AB Agri company, regarding the joint commercialization of algae-based animal feed ingredients, Pond has agreed to issue 75,000 common shares in the capital of Pond to ExCap Advisors Inc. as partial consideration for its strategic advisory services in assisting Pond to secure the agreement. Such shares would be subject to a hold period of 4 months and a day and the issuance of the shares remains subject to approval of the TSX Venture Exchange (TSXV).
About Pond Technologies
Located in Markham, Ontario, Pond Technology is a technology leader in controlled environment cultivation of micro-algae. In over ten years of R&D, Pond has developed a robust disruptive technology platform based on artificial intelligence, proprietary LED-lights and patented CO2-Management. The use of concentrated CO2 from industrial waste streams enables Pond to boost productivity of micro-algae well beyond the capacity of outdoor algae growers and allows industrial emitters to abate and ultimately recycle CO2.
Pond is currently selling micro-algae derived antioxidant astaxanthin under its Regenurex brand. As micro-algae are becoming increasingly important in pharmaceuticals and cosmetics, nutraceuticals, human nutrition, aqua farming, bioplastics and biofuels, Pond has begun to license its technology to third parties for ongoing license fees and royalties. Pond recently added a Biotech division focused on the growth of unique strains of micro-algae to be used as a reproductive medium for the expression of human anti-bodies and proteins.
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: Grant Smith, Chief Executive Officer, at g.smith@pondtech.com, 416-287-3835 ext. 201; or Cole Stevens at c.stevens@pondtech.com.
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SOURCE: Pond Technologies Holdings Inc.
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