NaturalShrimp President, Gerald Easterling, commented, "Over the last decade and a half, we have evolved the only system that allows commercial quantities of pristine, healthy shrimp to be grown in saltwater facilities on land. This agreement will enable us to move from early-stage operation to a full national and international roll-out of our technology for raising antibiotic-free aquatic species. This agreement is the product of months of study of our technologies, and the corresponding results will allow us to leapfrog from being a single-location producer to being a major supplier of shrimp and, potentially, other aquatic species."
It's expected that the Fortune 500 Company and a third-party outside financial group will finance the audit, the pilot, and the national and international roll-out on a leaseback basis. The Company will own the facilities and technologies, and all patents and trade secrets are protected by nondisclosure agreements.
Mr. Easterling also added, "Expanding from one location in Texas to national and worldwide operations with these groups is extremely substantial. The oceans of the world are over-fished and abused. Our technology, as streamlined and perfected by our partner engineers, will produce healthful, tasty and plentiful shrimp and other aquatic species for people around the world, with no ecological stress on oceans, lakes, rivers or other bodies of water. We will strive to be the cleanest agricultural operator in the world."
More details of the agreement can be found on Form 8-K that was filed with the Securities and Exchange Commission on September 12, 2016 or by accessing the following link at https://www.sec.gov/Archives/edgar/data/1465470/000165495416002128/shmp_8k.htm.
About F&T Water Solutions, LLC
F&T Water Solutions, LLC is an advanced water treatment company specializing in electrocoagulation and chemical-free integrated technologies. F&T offers an advanced water treatment system, Variable Electro Precipitator™ (VEP™), in conjunction with other pre and post-treatment components, to provide portable and fixed-based solutions to its customers.
About NaturalShrimp Incorporated
NaturalShrimp Incorporated is a publicly-traded agro-tech company located near San Antonio, in La Coste, Texas. It has developed and tested the first commercially viable system for growing shrimp indoors using proprietary technologies in a system that produces healthful, naturally grown shrimp without the use of antibiotics or toxic chemicals. Visit www.naturalshrimp.com.
Bill G. Williams, Chief Executive Officer
Telephone: (214) 207-5055
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SOURCE NaturalShrimp Incorporated