NATURALSHRIMP SECURES KEY ACQUISITION

NaturalShrimp secures key acquisition. NaturalShrimp, Inc., a Biotechnology Aquaculture Company which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, has formally closed the acquisition of the assets of F&T Water Solutions, LLC.

The ten-million-dollar purchase represents total consolidation of the Intellectual Property Portfolio for Natural Aquatic Systems (NAS) and Electro-Coagulation IP.

These assets comprise the 49% of Natural Aquatic Systems owned by F&T and the patents (Patent numbers 9,908,794 and 10,163,199) on the Electro-Coagulation system as well as the associated equipment and processes owned 50% and 100% respectively by F&T. NATURALSHRIMP SECURES KEY ACQUISITION

Gerald Easterling, CEO of NaturalShrimp, commented:

“This acquisition represents the final phase of our joint development of the electro-coagulation (EC) technology begun by F&T Water Solutions and its former president Peter Letizia.  We now own and control this EC technology as it relates to all aquaculture species and applications. We plan to utilise this technology in all of our shrimp growing operations and to license to other aquaculture ventures worldwide.”

Tom Untermeyer, Chief Technology Officer of NaturalShrimp, commented:

“Working with F&T on this EC technology has been a rewarding adventure. With the system upgrades developed over the last several years, NaturalShrimp now has the most technologically and robust advanced aquaculture system currently in operation in the world.”

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.

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