Pond Technologies Holdings Inc. is a technology company. The Company’s primary business is microalgal biomass cultivation using the sources of carbon dioxide (CO2), including CO2 rich emission sources from industrial plants and the licensing of its technology. The Company operates through two segments: Nutraceutical Products, including production and sales to consumers and business and distribution or third-party products and Technology Services, including the license fees, production of microalgal biomass, consulting, engineering services and the construction of biomass production facilities. Its technology platform grows algae in vessels (bioreactors), which are engineered to automatically regulate the inflow of CO2 or nutrients while reducing the need for manual supervision. The algae can be used in the production of nutraceuticals, known as superfoods, used in diagnostics and therapeutic treatments, aquaculture, and animal feeds.
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