March 3, 2021

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Pontus Submits Making Allow Application for Surrey Aquaponics Facility

VANCOUVER, BC, Feb. 3, 2021 /CNW/ – Pontus Protein Ltd. (“Pontus” or the “Company“) (TSXV: HULK), is delighted to announce it has designed significant progress towards the growth of its condition of the art, built-in aquaponics facility situated in Surrey, British Columbia, Canada (the “Facility“).

The Company has submitted a building application to the City of Surrey for its 20,570 sq. foot aquaponics facility. The approval procedure is believed to be done inside 6 weeks and is expected to be followed by the speedy graduation of building of the Facility’s leasehold enhancements. Accordingly, the leasehold enhancements are to consist of a complete retrofit of the Facility to create Pontus’ photo voltaic-powered, water recycling CEVASTM aquaponic system. The set up of all required tools for the development and output is forecasted to choose in between 4 and six months to entire. On completion, the Facility will be approximately 20 times the dimension of Pontus’ prior prototype facility. The prototype facility has been applied to check and produce the technological innovation for the Firm’s proprietary increasing course of action.

The Facility (see graphic 1 and video) will make the most of an array of additional technologies to produce a clean and sustainable aquaponics ecosystem. Photo voltaic electrical power panels will be put in to capture renewable electrical power and energy the closed-loop water procedure, which recycles up to 95% of all drinking water inputs. The implementation of the Facility’s distinctive, sustainable technologies in conjunction with Pontus’ proprietary CEVAS™ automated growth technologies will make it possible for the Enterprise to emphasize biosecurity in its agricultural creation processes, removing the require for extra chemical substances, pesticides, and other non-native components.

Pontus CEO, Conner Yuen states: “Moving into the development application procedure is a key milestone for the Enterprise as we shift towards the commissioning of the Facility. Our purpose is to generate a point out of the art method that will integrate the most recent in sustainable agriculture engineering. The means to carry out this remarkably successful engineering solves numerous problems we see with latest procedures of meals generation these kinds of as land scarcity and small yields and contamination. Pontus’ biosecurity and renewable foodstuff sources are supposed to generate a proactive answer to these troubles by decreasing the possible for contamination and the want for pesticides. Pontus hopes the Facility will revolutionize how conventional agriculture is executed and present the electricity of technological meals breakthroughs.”&#13

Plant-dependent Protein Powder Sector

The Company’s plant-dependent protein powder is a high quality entry into the international protein and nutritional supplements marketplace, which is presently valued at USD$15 Billion and is envisioned to improve to USD$20 Billion by 2025 in accordance to Grand Watch Investigate.[1] This advancement is expected to be fuelled by several North People decreasing or doing away with the typical usage of animal items. The North American plant-based protein industry is also predicted to develop at a compound yearly advancement fee of 14% from 2019 through 2025.[2]

About Pontus Protein Ltd

Pontus Protein Ltd. will make pure plant-dependent protein powder sourced from wholesome h2o lentils, farm-grown in Vancouver, BC, with growth plans to grow to Surrey, B.C.. Not only does Pontus Protein Powder exceed qualified organic and natural expectations, but it is also gluten-totally free, pure and allergen harmless. It is really jam-packed whole of anti-oxidants, minerals, natural vitamins and ALL the important amino acids. This is not your common lentil, these are drinking water lentils a crop that can be harvested every single 24 hours in an indoor aquaponic farm that makes use of 95% less water than traditional agriculture, working with Pontus’ proprietary Shut Environment Vertical Aquaponics System (or CEVAS™) aquaponic agritech technology. This is superb information for a earth populated with us hungry and health-aware humans.

On behalf of the Board of Administrators,&#13

Connor Yuen
Chief Executive Officer
(778) 999-3353

Forward-Hunting Data

Selected statements in this release are forward-on the lookout statements, which reflect the anticipations of management with regards to the Business. Ahead-on the lookout statements consist of statements that are not purely historic, together with any statements about beliefs, strategies, expectations or intentions relating to the long term, which includes but not minimal to, the timeline for the approval of the Facility’s construction software and subsequent leasehold advancements, the anticipated benefits of Pontus’ CEVASTM program on the creation of its drinking water lentils as well as its ability to revolution classic agricultural production methods, and the predicted advancement of the North American plant-dependent protein market and its brings about. These statements are matter to challenges and uncertainties that could induce actual benefits, effectiveness or developments to vary materially from people contained in the statements, such as challenges relevant to elements over and above the management of the Business. The hazards include things like, but are not minimal to, the following: the not known magnitude and length of the consequences of the COVID-19 pandemic, the failure of Pontus to receive the necessary acceptance from the City of Surrey for its proposed leasehold improvements, the incapacity to finish the Facility’s leasehold enhancements, as properly as other common business enterprise, economic, or industry connected challenges further than the director control of the Company. No assurance can be offered that any of the situations expected by the ahead-hunting statements will take place or, if they do occur, what gains the Business will get hold of from them.

Neither the TSX Venture Exchange nor its Regulation Services Company (as that expression is defined in guidelines of the TSX Undertaking Exchange) accepts duty for the adequacy or precision of this launch.


[1]

Protein Nutritional supplements Market Measurement, Share & Trends Examination Report By Item (Powder, All set to Drink), By Software, By Raw Material, By Supply, By Distribution Channel, By Area, And Section Forecasts, 2019 – 2025“, Grand See Exploration (April 2018), on line: https://www.grandviewresearch.com/marketplace-assessment/protein-dietary supplements-current market.

[2] 

“World-wide Plant-Based mostly Protein Industry with Focus on Plant-Primarily based Meat: Insights, Tendencies and Forecast (2020-2024)” Investigate and Markets (February 2020), on the internet: “https://www.researchandmarkets.com/experiences/4992292/world-wide-plant-dependent-protein-industry-with-concentration-on”

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