NaturalShrimp, Inc., a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused commercially operational RAS (Recirculating Aquaculture System), has signed a licensing agreement with Niterra Co., Ltd
The agreement allows for the trial use of NaturalShrimp’s patented shrimp growing technologies.
Under the terms of the agreement, NaturalShrimp will provide Niterra access to its proprietary Electrocoagulation (EC) and Hydrogas technologies to test the suitability and viability of the patented technology in shrimp cultivation within small-scale, locally owned aquacultural farms. Both companies have recognised that the trial serves as a foundation for potential future collaborations, joint business relationships and ventures, transactions, or other business combinations.
The trial period is expected to take up to six months from the deployment of the required equipment at the chosen trial location. This equipment includes EC equipment, Hydrogas and water dosing equipment, assorted connectors and other necessary components. Upon successful completion of this initial trial, Niterra will consider conducting further studies and trials to evaluate the efficacy of NaturalShrimp technologies on additional aquatic species, under separate agreements.
“Niterra Ventures Company’s mission to pursue innovative solutions and tackle tomorrow’s challenges makes them an ideal partner for our technologies,” said Gerald Easterling, CEO of NaturalShrimp. “Niterra is the first company in Asia to license our technology, expanding our opportunity to provide fresh, naturally grown shrimp in one of the world’s largest seafood markets. We expect a successful initial trial that will lay the groundwork for additional agreements with different species. We look forward to building a strong collaborative relationship with Niterra as they explore how our easily controlled technologies electronically remove ammonia and nitrites, reduce the bacteria load, and improve the overall health of animals within an aquaculture system.”
Dirk Schapeler, president of Niterra Ventures Company, added, “Land-based food production plays an increasingly important role to provide healthy food to the world's growing population and this requires water quality management. We currently have a team working on a land-based aquaculture system that detects changes in ammonia levels to stabilise the environment for healthy shrimp growth and production. We believe the use of NaturalShrimp’s proprietary technologies will further advance our capabilities to produce premium quality shrimp using a high degree of automation within an indoor environment.”
