Inventiv Capital Management issues Letter of Intent to fund US $100 Million in Pond Technologies Projects

CALGARY, June 25, 2018 /CNW/ – Pond Technologies Holdings Inc. (“Pond”) (TSX.V: POND) today announced that Inventiv Capital Management (“Inventiv”), a sustainability focused private equity investment firm based in Greenwich, Connecticut, has entered into a letter of intent (“LOI”) with Pond pursuant to which Inventiv has agreed to provide US$100 Million in project funding. The LOI calls for the creation and funding of a special purpose vehicle (“SPV”) to develop a diversified portfolio of projects implementing Pond’s algae-based emissions abatement solution to be co-located next to industrial emitters of greenhouse gases (power plants, refineries, etc.). Inventiv and its affiliates will be actively engaged in developing projects by sourcing opportunities for deployment of Pond’s technology, and funding will be released upon the completion of final due diligence on a project-by-project basis. These investments will not be in Pond directly and will not result in the issuance of any Pond equity.

Inventiv’s CEO Paulus Ingram said “Inventiv is delighted to have the opportunity to channel institutional capital into sustainable infrastructure. Pond’s solution clearly supports the U.N. Sustainable Development Goals through reduction of greenhouse gases and is a prime example of innovation that recognizes that pollution is actually a resource out of place, and by relocating these resources there is profitability, growth and a healthy virtuous cycle for future generations.”

Steve Martin, CEO and founder of Pond notes “We’re very happy to have Inventiv as a partner that shares our sustainability vision, and that has the resources to source projects, and finance our rapid growth. Inventiv understands the significant impact that our technology can have upon not only the reduction of greenhouse gases worldwide, but the conversion of those gases into valuable, sustainable algae products that can provide new sources of alternative proteins, fertilizer, fuels and other industrial applications, thereby providing solutions to multiple globally pressing issues.”

About Inventiv Capital Management

Inventiv is focused on investing approximately USD$600 million in United States-based infrastructure assets over the next three-year period on behalf of several investment mandates. Inventiv invests in a variety of real asset projects in support of the United Nations Sustainable Development goals, including clean power and energy efficiency assets (wind, solar, waste-to-energy, energy storage, micro-grid, biomass anaerobic digestion, renewable diesel, hydro-electric, etc.), sustainable agriculture projects (including energy and feed crops), and water conservation projects (desalination, oil/gas waste water treatment, etc.), and various real estate projects (net zero energy up- grading, land remediation, greenhouses, etc.). The projects Inventiv invests in follow its investment thesis and must satisfy its due-diligence criteria. For more information visit www.inventivcapital.com.

About Pond Technologies

Located in Markham, Ontario, Pond Technologies Holdings Inc. has developed a proprietary growth platform that can transform carbon dioxide (CO2) from virtually any source into valuable bio-products. Pond works with the cement, steel, oil and gas and power generation industries to reduce greenhouse gas emissions and generate new revenue streams. Pond’s platform technology also includes the growth of algae superfoods for the nutraceutical and food additive markets. Pond’s system is capable of growing many species of algae, including strains that produce anti-oxidants, omega-3 fatty acids, and protein for human and animal consumption. For more information visit www.pondtechnologiesinc.com

Forward-looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding the establishment of the SPV, the establishment of a diversified portfolio of projects for Pond, and anticipated funding from Inventiv. Such forward-looking statements are based on certain key expectations and assumptions made by Pond, including expectations and assumptions concerning the ability to negotiate and establish the SPV structure beyond the LOI stage, Inventiv’s ability to source opportunities for deployment of Pond’s technology that are timely and economically accretive to Pond, and the satisfaction of the due diligence in respect of such opportunities. Although Pond believe that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on thereon and Pond can give no assurance that they will prove to be correct. By its nature, such forward-looking statements are subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Pond does not undertake any obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

For further information contact: Chris Cory at chris.c@pondtechnologiesinc.com, Steve Martin at steve.m@pondtechnologiesinc.com or phone 416-287-3835

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.

SOURCE Pond Technologies Holdings Inc.

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