Business
NaturalShrimp, Inc. Signs Technology Licensing Agreement with Niterra Co., Ltd.
NaturalShrimp, Inc. Signs Technology Licensing Agreement with Niterra Co., Ltd..
About this update from Naturalshrimp Incorporated
[{"type":"text","content":"\nNaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused commercially operational RAS (Recirculating Aquaculture System), has signed a licensing agreement with Niterra Co., Ltd. (formerly NGK SPARK PLUG, CO., LTD.). The agreement allows for the trial use of NaturalShrimp’s patented shrimp growing technologies.\n\n\nNiterra is a world leading maker of spark plugs for virtually every automotive, motorcycle, marine and small engine application. Niterra Ventures Company, a division of Niterra Co., Ltd. actively explores opportunities to generate new revenue streams within various business sectors, including mobility, food, medical, energy and environment. The group fosters growth through partnerships, investments, internal developments and collaborations. Within Niterra Ventures Company, an important endeavor is the development of sensor-enabled RAS. In line with this commitment, Niterra also possesses and operates a research facility dedicated to advancing the techniques and practices of shrimp cultivation.\n\n\nUnder the terms of the agreement, NaturalShrimp will provide Niterra access to its proprietary Electrocoagulation (EC) and Hydrogas™ technologies to test the suitability and viability of the patented technology in shrimp cultivation within small-scale, locally owned aquacultural farms. Both companies have recognized that the trial serves as a foundation for potential future collaborations, joint business relationships and ventures, transactions, or other business combinations.\n\n\nThe trial period is expected to take up to six (6) months from the deployment of the required equipment at the chosen trial location. This equipment includes Electrocoagulation equipment, Hydrogas and water dosing equipment, assorted connectors and other necessary components. Upon successful completion of this initial trial, Niterra will consider conducting further studies and trials to evaluate the efficacy of NaturalShrimp technologies on additional aquatic species, under separate agreements.\n\n\n“Niterra Ventures Company’s mission to pursue innovative solutions and tackle tomorrow’s challenges makes them an ideal partner for our technologies,” said Gerald Easterling, CEO of NaturalShrimp. “Niterra is the first company in Asia to ...