NaturalShrimp Purchases Approximately $2,000,000 of Electro-Coagulation (EC) Units and Associated Equipment
NaturalShrimp has paid a 50% deposit on the equipment with the balance due upon completion and shipping.
-Purchase of Twenty (20) EC units to be deployed in La Coste, TX and Webster City, IA
Dallas, Texas, May 14, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- NaturalShrimp, Inc., a Biotechnology Aquaculture Company, which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, announced today that it has purchased twenty (20) EC Units and associated equipment for its plant operations in LaCoste, TX and Webster City, IA. NaturalShrimp has paid a 50% deposit on the equipment with the balance due upon completion and shipping. Four (4) units will be deployed to LaCoste, TX and Sixteen (16) units will be deployed to Webster City, IA. The equipment will be manufactured by the Company’s contract manufacturer, IP Automation, located in Colorado Springs, CO.
Gerald Easterling, CEO of NaturalShrimp, added, “NaturalShrimp is extremely excited to finalize our equipment needs for our existing facilities in Texas and Iowa. These units, manufactured in the USA, will bring the EC equipment requirements to 100% at both facilities. We will require an additional 16 EC Units once expansion construction is complete in LaCoste, TX. Additional news on current production will be forthcoming in the next several days.”
ABOUT NATURALSHRIMP: NaturalShrimp, Inc. is a publicly traded all Natural Biotechnology Aquaculture Company, headquartered in Dallas, with production facilities located near San Antonio, TX and Webster City, IA. 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.
ABOUT IP Automation: IP Automation is located in Colorado Springs, CO. IP Automation specializes in the design, development and manufacturing of custom one–of–a–kind devices and machines, from one to many. IP Automation has been developing machines, and automation for over 30 years. For the last 15 years, IP Automation developed and manufactured different size EC units to support customers’ needs.
Forward Looking Statements
This press release contains "forward-looking statements." The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company's current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company's control, and could cause the Company's results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements include statements regarding moving forward with executing the Company's global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company's Annual Report on Form 10-Q filed on February 16, 2021, and in our other filings with the U.S. Securities and Exchange Commission.
Contact:
Richard Brown
508-462-9638
SOURCE: NaturalShrimp
