Business
AquaBounty Sells Out the First Commercial-Scale Harvest of Genetically Engineered Atlantic Salmon from its Indiana Farm
With end of May harvest, land-based aquaculture company is poised to provide a sustainable, secure, domestic source of farm-raised salmon MAYNARD, Mass., May
About this update from Aquabounty Technologies, Inc.
[{"type":"text","content":"With end of May harvest, land-based aquaculture company is poised to provide a sustainable, secure, domestic source of farm-raised salmon MAYNARD, Mass., May 10, 2021 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (Nasdaq: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that purchase orders have been received for the planned harvest of 5 metric tons of its genetically engineered (GE) Atlantic salmon. The first harvest is scheduled to be conducted at the end of May from the Company’s Indiana farm. The Company will continue to ramp production to its full capacity throughout the year. AquaBounty is the first and only company in the world to raise and market a GE Atlantic salmon approved by the U.S. Food and Drug Administration (FDA) and Health Canada. AquaBounty pioneered a sustainable and efficient way to meet today’s seafood demand using genetic engineering. The benefits of a one-time trait modification accomplished over three decades ago continue today through conventional breeding and spawning methods. The thirty-year journey to market included two decades of regulatory review culminating in FDA approval in 2015 and Health Canada approval in 2016. AquaBounty’s GE Atlantic salmon reach harvest weight faster and more efficiently than Atlantic salmon grown in sea cages. Raised in land-based recirculating aquaculture systems (RAS) where the feeding cycle and growing environment are optimized, AquaBounty can produce up to 70 percent more fresh salmon annually compared to conventional Atlantic salmon grown in the same period under the same conditions. The benefit is a fresh, healthy protein that is produced more efficiently and feeds more people, which is good for consumers and the planet. “I’m proud to see AquaBounty reach this important milestone using science and technology to provide sustainable seafood for a growing population,” said AquaBounty CEO Sylvia Wulf. “Our land-based aquaculture technology allows us to bring to market a healthy protein source. By raising our fish in freshwater from hatch to harvest, we offer an Atlantic salmon with a fresh, mild taste that consumers will enjoy.” Raised in freshwater farms in America’s heartland in Albany, Indiana and in Rollo Bay, Prince Edward Island, Canada, AquaBounty’s salmon ...