The Corporation has submitted a construction software to the Town of Surrey for its 20,570 square foot aquaponics facility. The acceptance process is estimated to be completed inside of 6 months and is predicted to be adopted by the speedy graduation of design of the Facility’s leasehold improvements. Appropriately, the leasehold enhancements are to consist of a entire retrofit of the Facility to build Pontus’ photo voltaic-powered, drinking water recycling CEVASTM aquaponic program. The set up of all expected machines for the growth and creation is forecasted to get involving 4 and 6 months to total. Upon completion, the Facility will be approximately 20 periods the measurement of Pontus’ prior prototype facility. The prototype facility has been made use of to test and acquire the technologies for the Company’s proprietary expanding method.
The Facility (see picture 1 and video clip) will make use of an array of further technologies to build a thoroughly clean and sustainable aquaponics ecosystem. Photo voltaic electrical power panels will be installed to capture renewable energy and electrical power the shut-loop water method, which recycles up to 95% of all water inputs. The implementation of the Facility’s special, sustainable technology in conjunction with Pontus’ proprietary CEVAS™ automated growth technological know-how will enable the Enterprise to emphasize biosecurity in its agricultural output procedures, getting rid of the require for more chemical substances, pesticides, and other non-native parts.
Pontus CEO, Conner Yuen states: “Getting into the design application system is a significant milestone for the Enterprise as we transfer toward the commissioning of the Facility. Our purpose is to create a condition of the artwork procedure that will include the hottest in sustainable agriculture technologies. The skill to put into practice this hugely productive engineering solves lots of concerns we see with present strategies of food production these kinds of as land scarcity and lower yields and contamination. Pontus’ biosecurity and renewable foods resources are meant to generate a proactive solution to these concerns by lowering the possible for contamination and the need to have for pesticides. Pontus hopes the Facility will revolutionize how conventional agriculture is conducted and show the power of technological meals improvements.”
Plant-dependent Protein Powder Sector
The Firm’s plant-based mostly protein powder is a high quality entry into the global protein and health supplements market place, which is now valued at USD$15 Billion and is envisioned to increase to USD$20 Billion by 2025 according to Grand Look at Investigate. This growth is expected to be fuelled by several North Americans reducing or eradicating the frequent intake of animal products. The North American plant-based mostly protein market is also expected to grow at a compound yearly growth price of 14% from 2019 via 2025.
About Pontus Protein Ltd
Pontus Protein Ltd. makes pure plant-dependent protein powder sourced from wholesome water lentils, farm-grown in Vancouver, BC, with progress programs to broaden to Surrey, B.C.. Not only does Pontus Protein Powder exceed accredited natural and organic standards, but it’s also gluten-absolutely free, pure and allergen harmless. It is really jam-packed total of anti-oxidants, minerals, nutritional vitamins and ALL the critical amino acids. This is not your ordinary lentil, these are h2o lentils a crop that can be harvested each 24 hours in an indoor aquaponic farm that takes advantage of 95% significantly less drinking water than classic agriculture, applying Pontus’ proprietary Shut Surroundings Vertical Aquaponics System (or CEVAS™) aquaponic agritech technology. This is fantastic news for a earth populated with us hungry and health and fitness-aware human beings.
On behalf of the Board of Administrators,
Chief Executive Officer
Ahead-Seeking Information and facts
Specified statements in this launch are ahead-on the lookout statements, which reflect the expectations of administration pertaining to the Company. Forward-wanting statements consist of statements that are not purely historical, which includes any statements pertaining to beliefs, options, anticipations or intentions relating to the potential, like but not constrained to, the timeline for the approval of the Facility’s development application and subsequent leasehold enhancements, the expected advantages of Pontus’ CEVASTM procedure on the generation of its drinking water lentils as perfectly as its capacity to revolution standard agricultural production tactics, and the predicted advancement of the North American plant-based mostly protein industry and its will cause. These statements are matter to threats and uncertainties that could induce true final results, functionality or developments to vary materially from those contained in the statements, including risks associated to aspects outside of the regulate of the Corporation. The challenges consist of, but are not restricted to, the following: the mysterious magnitude and duration of the results of the COVID-19 pandemic, the failure of Pontus to obtain the essential approval from the Town of Surrey for its proposed leasehold improvements, the lack of ability to finish the Facility’s leasehold improvements, as perfectly as other normal business enterprise, financial, or market place similar challenges outside of the director manage of the Firm. No assurance can be provided that any of the functions anticipated by the ahead-hunting statements will arise or, if they do arise, what positive aspects the Business will get from them.
Neither the TSX Enterprise Trade nor its Regulation Solutions Service provider (as that time period is outlined in insurance policies of the TSX Venture Trade) accepts responsibility for the adequacy or accuracy of this launch.
“Protein Supplements Current market Size, Share & Trends Analysis Report By Products (Powder, Prepared to Drink), By Software, By Raw Content, By Resource, By Distribution Channel, By Area, And Segment Forecasts, 2019 – 2025“, Grand Perspective Analysis (April 2018), on-line: https://www.grandviewresearch.com/sector-examination/protein-nutritional supplements-marketplace.
“International Plant-Dependent Protein Market place with Aim on Plant-Based Meat: Insights, Tendencies and Forecast (2020-2024)” Study and Marketplaces (February 2020), on-line: “https://www.researchandmarkets.com/reviews/4992292/worldwide-plant-primarily based-protein-current market-with-concentration-on”
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