Pond Technologies Holdings (TSX.V: POND), a technology company pursuing the nutraceutical, health supplement, and natural food coloring verticals, was recently highlighted in a Bloomberg article titled, “Turning pollution into profit,” authored by Jason Smith. By connecting its photobioreactors (large tanks equipped with sensors and specialty lighting) to emission-producing industrial plants, POND believes the company has identified a financially feasible method of emission reduction. The company has one pilot plant currently in operation and two commercial facilities under development with local industry partners. One facility is Markham District Energy’s Warden Energy Centre and the other is an addition to Stelco’s Lake Erie Works steel mill. The company anticipates the success of the facilities will assist in securing more capital. The plan seems to be effective, as the company recently signed a letter of intent with Inventiv Capital Management to fund up to $100 million of Pond’s projects across North America. “We are actively trying to accelerate the rollout of our technology and have begun the detailed engineering work and construction at Stelco. We have support from the provincial government and should have the first phase up and running over the next 12 months,” Pond Technologies Holdings CEO Steve Martin comments stated in the article.
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About Pond Technologies Inc.
Located in Markham Ontario, Pond is a technology company that provides profitable solutions to the global health and wellness challenges of pollution abatement and nutrition. Pond’s proprietary growth platform optimizes key growth inputs in order to provide a controlled environment that maximizes the growth of algae and other organisms. It enables industrial emitters to generate new revenue streams from the transformation of waste CO2 to valuable algae-based products used as proteins for animal feed and nutraceutical products like Chlorella, Spirulina and Astaxanthin for human consumption. For more information, visit the company’s website at www.PondTech.com.
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