$SHMP: NaturalShrimp, Inc. Enters Next Phase of De
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Press Release | 01/14/2019
DALLAS, TX, Jan. 14, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – NaturalShrimp, Inc. (OTCQB: SHMP) said today that the joint patent it announced recently for the first commercially viable system for growing aquatic species indoors is not only for shrimp, which the Company is nearing bringing to market, but for the propagation of all fish.
The patent also covers aquatic arthropods including lobster and mollusks, such as oysters and clams. NaturalShrimp and F&T Water Solutions, LLC received U.S. Patent No. 10,163,199 B2 for the Recirculating Aquaculture System and Treatment Method for Aquatic Species on December 25, 2018. NaturalShrimp maintains the exclusive worldwide rights for any and all shrimp species utilizing this patent.
“Our initial focus is bringing shrimp to market by replicating our indoor technology in regional production centers outside New York, City, Chicago and Las Vegas. But it is very important for our investors to know the broad implications of the patent we received,” said Bill G. Williams, CEO.
“Consumers are now living a healthier lifestyle by eating fresh, chemically free products. The use of this technology as a water treatment delivers on this trend and acts as an antioxidant, increasing the overall health benefits,” said Peter Letizia, CEO of F&T Water Solutions.
NaturalShrimp and F&T have developed and patented the Vibrio Suppression Technology system, eliminating water-borne bacteria and other harmful organisms, allowing many other aquatic species to grow and thrive in an indoor, all-natural environment that can be replicated anywhere in the world. The companies, through their subsidiary, Natural Aquatic Systems, are currently entertaining possible joint ventures and/ or licensing candidates for indoor systems of many species, including Barramundi and Salmon.