Pond Technologies Holdings Inc V.POND

Alternate Symbol(s): PNDHF

Consumer Defensive Farm Products

Pond Technologies Holdings Inc. is a technology company engaged in controlled environment cultivation of microalgae. Its primary business is to pursue microalgal biomass cultivation using available sources of CO2, including CO2-rich emission sources from industrial plants and the licensing of its technology. It has developed a technology platform based on artificial intelligence, proprietary LED lights and patented CO2-management. Its segments include Nutraceutical Products, Technology Services and Corporate. The Nutraceutical Products segment includes production and sales to consumers and business and distribution or third-party products. The Technology Services segment is engaged in the production of microalgal biomass, consulting, engineering services and the construction of biomass production facilities. It also has 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 antibodies and proteins.

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Pond Technologies Holdings Inc

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Post by maysilverstoneon May 14, 2021 2:40pm

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$POND- adding to my watchlist

$POND, a technology company that profitably transform's CO2 from any source into valuable algae-based products, is one I have high hopes for, especially considering the current climate crisis.

How it works:

- Emissions from smokestacks/other industrial facilities are redirected to bioreactors where algae is grown and O2 is released

- algae produced can be harvested into value-added products such as superfoods (chlorella and spirulina), clean feed for farm animals, natural cosmetics and food additives, and even biodegradable plastics

With CO2 as the biggest contributor to greenhouse gas emissions, $POND has created an innovative model that works to combat climate change while producing valuable byproducts.

They've also recently announced their entry to the XPRIZE Carbon Removal competition funded by Elon Musk (with a prize of $100M). (Link: https://www.pondtech.com/media-releases/press-release-former-carbon-xprize-semi-finalist-pond-technologies-announces-entry-to-elon-musk-sponsored-xprize-carbon-removal-competition/)

Check out this video that explains a little more of what they do: https://www.youtube.com/watch?v=ydyTEJa76i4&t=141s

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