Business
Investee company Update: Blue Nalu, Inc
Investee company Update: Blue Nalu, Inc.
About this update from Agronomics Limited
[{"type":"text","content":"\n \nRNS Number : 2934K Agronomics Limited 27 August 2019 \n\n27 August 2019\n \nAgronomics Limited\n \n Investee company Update: Blue Nalu, Inc. announces first-of-its-kind commercialization strategy and facility designs for large-scale production of cell-based seafood\n \nAgronomics Ltd (\"Agronomics\" or \"ANIC\"), the AIM quoted company focusing on making investments in innovative food technologies such as cellular agriculture and cellular aquaculture, notes the announcement released on 22 August 2019 by investee company Blue Nalu, Inc. (\"BlueNalu\") in which ANIC is a 2.01% shareholder.\n \nBlueNalu is a cellular aquaculture company based in San Diego focused on developing lab grown fish. The latest announcement reveals their \"First-of-its-kind Commercialization Strategy and Facility Designs for Large-Scale Production of Cell-based Seafood\". ANIC are proud to be shareholders in BlueNalu and witness the tremendous progress BlueNalu is making in this exciting field.\n \nThe BlueNalu announcement is set out below without material changes or adjustments. Plans of the food facility designs can be viewed at https://www.bluenalu.com/pr-82219images. \n \nBlueNalu Announces First-of-its-Kind Commercialization Strategy and Facility Designs for Large-Scale Production of Cell-Based Seafood\nEach facility anticipated to produce up to 18-million pounds of seafood products\n August 22, 2019-San Diego, Calif. BlueNalu, a leading innovative food company producing seafood directly from fish cells, announced today its commercialization strategy and food facility design schematics for large-scale production. This is the first time that any company has provided facility design schematics illustrating the vision for large-scale production of foods via cellular agriculture or aquaculture. \n \n\"We have developed an optimal strategy for scaling up production of cell-based seafood from a variety of finfish, crustaceans and mollusks to meet global demand,\" stated Lou Cooperhouse, president & CEO of BlueNalu. \"BlueNalu will provide products that are healthy for people, humane for sea life, and sustainable for our planet. As a result, we can have a major impact on supplementing our global supply chain for seafood.\"\n \nBlueNalu has created a five-...