Pond Technologies Holdings Inc. Announces Filing of 2021 Audited Financial Statements and MD&A

About this update from Pond Technologies Holdings Inc.

[{"type":"text","content":"\n \n \n \n Pond Technologies Holdings Inc. Announces Filing of 2021 Audited Financial Statements and MD&A\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n Pond Technologies Holdings Inc. Announces Filing of 2021 Audited Financial Statements and MD&A\n \n \n Canada NewsWire\n \n \n \n \n \n Commercial Validation of Technology Achieved in 2021\n \n \n \n \n \n MARKHAM, ON\n \n \n ,\n \n \n May 3, 2022\n \n \n /CNW/ - Pond Technologies Holdings Inc. (the \"\n \n Corporation\n \n \" or \"\n \n Pond\n \n \") (TSXV: POND) (OTCQB: PNDHF) (FSE: 400) announces the filing of the audited consolidated financial statements of the Corporation for the twelve months ended\n \n December 31, 2021\n \n and the related management's discussion and analysis have been filed and are available for review on the SEDAR website at\n \n www.sedar.com\n \n or on the Corporation's website at\n \n www.pondtech.com\n \n .\n \n \n \n \n FY21 Highlights (in $000s)\n \n \n \n \n \n \n Commercial Validation of Pond Technology through\n \n Carbon\n \n and Biotech divisions -\n \n \n September 2021\n \n was a turning point for Pond Carbon, as it signed two significant licensing and supply agreements to adopt Pond's technology. The first agreement was a technology access agreement signed with a North American Fortune 500 Company to earn up to\n \n $1,000\n \n in milestone payments to grow Covid-19 antigens. The second validation occurred with the signing of a licensing agreement and an engineering, procurement, and construction agreement with Livalta with a combined estimated value over\n \n $5,000\n \n for the world's first scalable production of algae from carbon emissions aimed to revolutionize protein in animal feed. Livalta, is a division of AB Agri Ltd., a UK company, and a subsidiary of Associated British Foods.\n \n \n \n \n \n Revenue Increase -\n \n Group revenue for 2021 totaled\n \n $5,133\n \n (2020:\n \n $4,800\n \n ) an increase of\n \n $333\n \n . The increase 7% is primarily a result of an increase in technology licensing revenue. The natu...

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