VANCOUVER, BC – February 3, 2021 – Pontus Protein Ltd. (“Pontus” or the “Company”) (TSX-V: HULK), is pleased to announce it has made significant progress towards the development of its state of the art, integrated aquaponics facility located in Surrey, British Columbia, Canada (the “Facility”).
The Company has submitted a construction application to the City of Surrey for its 20,570 square foot. aquaponics facility. The approval process is estimated to be completed within 6 weeks and is expected to be followed by the immediate commencement of construction of the Facility’s leasehold improvements. Accordingly, the leasehold improvements are to consist of a complete retrofit of the Facility to establish Pontus’ solar-powered, water recycling CEVASTM aquaponic system. The installation of all required equipment for the growth and production is forecasted to take between four and six months to complete. Upon completion, the Facility will be approximately 20 times the size of Pontus’ prior prototype facility. The prototype facility has been used to test and develop the technology for the Company’s proprietary growing process.
The Facility (see image 1 and video) will utilize an array of additional technologies to create a clean and sustainable aquaponics ecosystem. Solar energy panels will be installed to capture renewable energy and power the closed-loop water system, which recycles up to 95% of all water inputs. The implementation of the Facility’s unique, sustainable technology in conjunction with Pontus’ proprietary CEVAS™ automated growth technology will allow the Company to emphasize biosecurity in its agricultural production processes, removing the need for additional chemicals, pesticides, and other non-native components.