NaturalShrimp purchases approximately $ 2,000,000 worth of
-Purchase of twenty (20) EC units to deploy in La Coste, TX and Webster City, IA
Dallas, TX, May 14, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – NaturalShrimp, Inc., a biotechnology aquaculture company, which developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, today announced that it has purchased twenty (20) EC units and associated equipment for its factory operations in LaCoste, TX and Webster City, IA. NaturalShrimp paid a 50% deposit on the equipment with the balance due on 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 pleased to finalize our equipment requirements for our existing facilities in Texas and Iowa. These units, made in the USA, will increase the EC’s equipment requirements to 100% at both facilities. We will need an additional 16 EC units once construction of the extension is completed in LaCoste, TX. Additional information on current production will be available in the coming days. ”
ABOUT NATURALSHRIMP: NaturalShrimp, Inc. is a fully publicly traded natural biotechnology aquaculture company headquartered in Dallas, with production facilities located near San Antonio, TX and Webster City, IA. The company developed the first commercially viable system for growing shrimp in closed saltwater systems, using patented technology to produce fresh, never-frozen, naturally grown shrimp without the use of antibiotics or products. toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet quality Pacific white shrimp.
ABOUT IP Automation: IP Automation is located in Colorado Springs, CO. IP Automation specializes in the design, development and manufacture of unique and personalized devices and machines, from one to many. IP Automation has been developing machines and automation for over 30 years. Over the past 15 years, IP Automation has developed and manufactured EC units of various sizes to meet customer needs.
This press release contains “forward-looking statements”. Statements in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts regarding future events. Such statements are subject to risks and uncertainties which are often difficult to predict and beyond the control of the company, and could cause the results of the company to differ materially from those described. In some cases, forward-looking statements may be identified by terminology such as “may”, “should”, “potential”, “continue”, “expect”, “anticipate”, “intend”, “plan” “,” Believes “,” estimates “and similar expressions. These statements include statements regarding the continued implementation of the Company’s global growth strategy. Statements are based on 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, unless the law requires it. We have based these forward-looking statements in large part on our current expectations and projections regarding future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be interpreted as a guarantee of future performance or results, and will not necessarily be exact indications of the times at which, or by, such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to, risk factors and other information set out in the Company’s Annual Report on Form 10-Q filed on February 16, 2021 and in our other documents. filed with the United States Securities and Exchange. Commission.
SOURCE: Natural shrimps