NaturalShrimp Inc (SHMP)

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NaturalShrimp, Inc. Announces Postlarvae Hatchery Contract

January 21, 2020 06:30 ET | Source: NaturalShrimp, Inc.

DALLAS, TX, Jan. 21, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- NaturalShrimp, Inc., (OTCQB: SHMP) has entered into a twelve million postlarvae (PL) shrimp annual contract with Sea Products Development, LLC (SPD), in which they will deliver up to one million PLs per month. Continuous shipments of PLs for regular stocking in the NaturalShrimp, Inc.’s La Coste, Texas, facility will begin in February 2020.

Tom Untermeyer, Chief Technology Officer of NaturalShrimp, commented: “Year-round weekly shrimp production requires stocking PLs in our nursery tanks on a regular year-round basis. This contract with SPD can provide NaturalShrimp on a regular basis with healthy PLs that have been selectively-bred with the capacity for rapid growth under intensive bio-secure systems.”

ABOUT NATURALSHRIMP: 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.

ABOUT SEA PRODUCTS DEVELOPMENT: SPD is a worldwide supplier of selectively-bred, fast growing, and disease-free shrimp postlarvae and broodstock.