VANCOUVER, BC, June 17, 2021 /CNW/ - Pontus Protein Ltd.
(TSXV: HULK) (OTCQB: HLKKF) (FSE: 8YC) ("Pontus" or
the "Company") is pleased to announce that it has
selected ICE Constructors Ltd. ("ICE Constructors") as the
General Contractor and EllisDon Construction Svc. Inc.
("EllisDon") as the Owners Representative to complete
Pontus' Surrey, British Columbia
farm facility (the "Facility"). Both collaborative parties
have already initiated work on the construction of the
Facility.
Pontus has divided the development of the Facility into Three
Phases. Phase One was the lab build, which is now complete, and
production is set to start in approximately a week with the arrival
of Pontus' water lentils. Phase Two includes the full production
capability, and has been initiated by EllisDon and ICE
Constructors. The final phase, Phase Three, is the added value
phase, and includes the installation of the Facility's production
kitchens.
About ICE Constructors
ICE Construction, part of the ICE Group of Companies, founded in
2004, has been executing the base build, design-build and tenant
improvements of various British
Columbia business, including the BC Liquor Branch Head
office in Burnaby. ICE
Construction also has experience in vertical farming as well as
agritech, working with various cannabis producers helping design
their manufacturing facilities.
ICE was selected for its experience in other local facility
builds in the region and support/recommendations the Company
received from the skilled trades keen to work on this project.
Sonny Sangha, President of ICE
Group of Companies, stated, "We are excited to work on this
project. Projects like this do not come along every day, and I
believe we can both learn from each other. The Pontus team is
motivated to get this project complete."
About EllisDon
EllisDon is a global project management and construction
services company founded in 1951, which will act on behalf of
Pontus to oversee the construction and ensure the build meets the
design and standards set out by Pontus. EllisDon brings similar
experience to the construction of Pontus' Facility, and has
experience in Agri manufacturing facilities including Cavendish
Farms.
EllisDon was selected to represent Pontus and ensure the build
meets the original design and high standards set out by Pontus.
EllisDon's experience working in sensitive environments, such as
clean hospital environments, lends its highest standards as the
Facility is a food facility and must practice the highest biosecure
standards. Also, EllisDon's commitment to sustainability is aligned
with Pontus' core values.
Jonathan Motyka, Senior Project
Manager from EllisDon, added, "Yes, we're excited too, to be able
to work with an up-and-coming company to deliver a unique and, dare
I say it, cool facility."
About Pontus Protein Ltd.
Pontus Protein Ltd. is a Vancouver,
B.C. based technology company that grows water lentil
protein for commercial use. 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 nutrition rich plant
based food products, functional foods and nutraceuticals to support
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.
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 Pontus' ability to revolutionize the
plant based sector as well as the anticipated delivery of Pontus'
water lentils and production start date. 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
the construction of the Facility or specific phase thereof, 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) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Pontus Protein Ltd.