VANCOUVER, BC, Sept. 9, 2021 /CNW/ - Pontus Protein Ltd.
(TSXV: HULK) (OTCQB: HLKKF) (FSE: 8YC) ("Pontus" or the
"Company") is pleased with the progress on the development
of its first commercial production facility. The 20,570 sq. ft.
production facility is located in Surrey,
British Columbia (the "Surrey Facility").
"After years of planning and testing in our Victoria, B.C., test facility, I am very
pleased to see the progress with the tenant improvements for the
facility construction. I can see the floor plan coming to
life," said Steve McArthur,
Chief Technology Officer of Pontus, who has also provided a video
of the progress here.
"Our entire team, from EllisDon, ICE Construction and all
their subtrades, engineering and architectural consultants have
been a pleasure to work with. We've been moving as quickly and
efficiently as possible, while staying on budget, and having fun
while we do it."
Pontus received their work permit to begin tenant improvements
from the City of Surrey in
May 2021. Since then, the Company has
secured EllisDon as its owner's representative, and ICE
Construction as the general contractor. The Company has seen rapid
progress in developing the shell of the building into a biosecure
facility using novel technology to sustainably grow the rapidly
growing and highly nutritious water lentil species.
The internal walls and flooring are 95% complete. These are
targeted to be complete by the end of next week. At that time,
installation of the fish farm and shelving will begin.
The laboratory was completed mid-summer, as projected, and is
currently awaiting electricity to be installed which is planned
within the next two weeks. At that point, Pontus can start its
initial production phase that will enable consumer acceptance
testing to be completed, to finalize packaging development, and
begin initial product sales.
Equipment for the facility has arrived and is in storage,
including the custom-designed LED lights, shelving, drum filter and
UV filter for the fish farm. Due to COVID, some items were
predicted to take a longer lead time. For example, the air handling
units in the HVAC moved to 30 weeks. The team has worked
collaboratively to source new units that can be delivered in 10
weeks and re-engineered the design for these specific units.
About Pontus Protein Ltd.
Pontus Protein Ltd. is a Vancouver,
B.C. based agricultural technology company that will enable
millions to rethink their food choices while helping people do the
world a world of good. By offering sustainably grown plant based
food options that are nutritious and delicious, we're helping this
kind of diet become the norm.
Pontus is reinventing agriculture with their proprietary Closed
Environment Vertical Aquaponic System (CEVAS) – the farming of the
future. Pontus specializes in the indoor vertical farming of water
lentils that use 95% less water than traditional agriculture and no
pesticides or chemicals. Pontus is committed to solving the global
food crisis by providing access to sustainable indoor biosecure
pure plant based proteins. Pontus' water lentils can be harvested
every 24 hours, exceed organic certification, and can be grown in
any climate in a relatively small area. Our water lentil protein is
filled with antioxidants, minerals, vitamins and all the amino
acids, making a complete protein food source. Pontus aims to
revolutionize the plant based sector as the entire sector is
currently based on two main protein sources: soy and pea. Water
lentil protein is far superior to pea and soy protein. It contains
over 40% protein vs. 5-36% protein*, and Pontus aims to be the base
protein for plant based food products, leading to the movement
transitioning the world from meat based to plant based
proteins.
To learn more, please visit pontuswaterlentils.com.
*https://www.infood.net/visitor/collection/75?portion_size=100
On behalf of the Board of Directors
"Connor Yuen"
Connor Yuen, CEO
Pontus Protein Ltd.
Contact Information
For more information, please contact:
Connor Yuen Chief
Executive Officer
Forward-Looking Information
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the Company. Forward-looking statements consist of statements that
are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the future,
including but not limited to, the anticipated timelines for the
completion of the Surrey Facility's various leasehold improvements
and Pontus' ability to revolutionize the plant based sector and
enable millions to rethink their food choices. Such statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those
contained in the statements, including risks related to factors
beyond the control of the Company. These risks include, but are not
limited to, the following: the unknown magnitude and duration of
the effects of the COVID-19 pandemic, the failure of Pontus to
receive the necessary approvals from the Canadian Food Inspection
Agency for its products and facilities, the inability to complete
Pontus' Surrey Facility, as well as other general business,
economic, or market related risks beyond the director control of
the Company and which may affect the Company's business,
operations, or products. No assurance can be given that any of the
events anticipated by the forward-looking statements will occur or,
if they do occur, what benefits the Company will obtain from them.
The Company undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions
should change, unless required by law. The reader is cautioned not
to place undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accept responsibility for the adequacy
or accuracy of this release.
SOURCE Pontus Protein Ltd.
