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Aquaculture

NATURALSHRIMP FORMS JOINT VENTURE

NATURALSHRIMP FORMS JOINT VENTURE

NaturalShrimp forms joint venture. NaturalShrimp, Inc. an aquaculture Company which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, has announced that it has partnered with Hydrenesis, Inc., a private technology owner and technology commercialisation company that partners with leading IP holders and industry insiders to commercialize innovative technologies, to build a premier indoor shrimp production facility in northern Florida.

NSI will control a 50.1% stake in the venture and will utilize its proprietary technology to oversee the shrimp-growing facilities occupied on the site. Hydrenesis will supply its hyper-antioxidant technology, along with consulting and project management. The project will also employ certain intellectual properties owned by F&T Water Solutions, LLC. The proposed state of the art facility will house a shrimp production operation, a genetics and hatchery laboratory, and an R&D test-bed.

This facility will provide fresh, never-frozen shrimp to the surrounding area, providing access to new markets in northern Florida. Both companies have commenced funding negotiations with all appropriate parties in Florida, with financing commitments expected towards the end of Q1 2021.

Natural Shrimp’s President/CEO, Gerald Easterling, said: “This joint venture with Hydrenesis could allow us to capture substantial market share in the southeast portion of the United States. We believe this opportunity will benefit both companies, as well as Florida. We are in the process of acquiring the assets of F&T Water Solutions, LLC, so being able to implement their proprietary technology into this project further solidifies the synergies between the two organizations.”

Hydrenesis CEO, David Antelo, added:

“We look forward to this venture with NaturalShrimp. The opportunity to collaborate as a technology partner is exciting and the timing could not be better. We hope to capture value from markets that have never had access to the high quality of seafood we can provide.”

NaturalShrimp, Inc. is a publicly traded aqua-tech Company, headquartered in Dallas, with production facilities located near San Antonio, Texas. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp.

Headquartered in Pompano Beach, FL, Hydrenesis is a private technology owner and technology commercialization company that partners with leading IP holders and industry insiders to commercialize innovative technologies in major industry sectors.

F&T Water Solutions is an advanced water treatment company specializing in electrocoagulation and chemical free integrated technologies. F&T offers an advanced water treatment system, Variable Electro Precipitator™ (VEP™), in conjunction with other pre and post treatment components to provide portable and fixed based solutions to our customers.

 

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