Pond Technologies Holdings Inc. announced it has agreed to a non-exclusive memorandum of understanding (MOU) with SEM Energy Ltd. Highlights: Pond and SEM have agreed to collaborate on a non-exclusive basis in pursuing projects internationally with the execution of the MOU; Pond and SEM to initially focus on Scotland-based projects with the goal to abate 10,000 tonnes of CO2 from an identified waste to energy plant using stack gas. The project is expected to commence fourth quarter 2022 with the project scope and revenue opportunity expected to be disclosed in more detail prior to the launch date; SEM will promote and drive a carbon capture campaign and recommend Pond to current ESG clients on a non-exclusive basis; SEM will enable Pond to continue to aggressively commercialize its carbon reducing algae-based growth platform across a myriad of sectors globally, leveraging SEM's current project pipeline; Pond will promote and recommend SEM on a non-exclusive basis on future projects given the expected synergistic nature of each group's technology; A pioneering global collaboration between SEM and Pond is expected to provide Pond the added infrastructure to support the scaling up process through its ongoing commercialization efforts.