LA COSTE, Texas — NaturalShrimp Incorporated (OTCQB: SHMP) (the "Company"), a global eco-friendly producer of shrimp grown in technologically unique indoor saltwater facilities, along with its technology partner F&T Water Solutions, LLC, has teamed with Filtertech, Inc. on manufacturing the production equipment package to initially be deployed at the Company's La Coste, Texas facility.
This proprietary equipment package is the backbone of the Company's previously announced patented technology. This equipment covers the Company's base process of growing healthful, naturally grown shrimp without the use of chemicals and/or antibiotics. It is expected that manufacturing will begin in January 2017, with manufacturing and installation of the equipment package completed in the first quarter of 2017.
NaturalShrimp's President, Mr. Gerald Easterling, commented, "We are excited to begin production of this game changing technology to grow commercial quantities of shrimp in a land-based environment."
Mr. Joseph Scalise, President of Filtertech, Inc. added, "We have been working with the NaturalShrimp team for the past two months, and we fully expect our relationship to continue to grow as they expand their footprint."
About Filtertech, Inc.
Filtertech, Inc. was established in 1969 and is located in Manlius, New York, near Syracuse. They are an international producer of liquid filtration and waste disposal equipment for industrial applications, including wire drawing, aluminum and steel rolling, machining, grinding, process water filtration, and coolant disposal. Filtertech provides complete turnkey filtration and waste treatment systems, utilizing its complete line of vacuum, gravity and pressure filters, centrifuges, magnetic separators, evaporators, and vacuum distillation units. Visit www.filtertech.com.
About F&T Water Solutions, LLC
F&T Water Solutions, LLC offers its clients a complete wastewater treatment solution. Its Electrocoagulation, Desalination and Heavy Metals Absorbent systems help meet discharge and disposal requirements, harvest waste resources and significantly reduce water treatment capital and operational expenses. Visit www.ftwatersolutions.com.
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.
Forward-Looking Statements
This press release may contain forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the viability of the Company's technology in the market; the Company's ability to retain key employees; the Company's ability to gain customer acceptance of its products; general market conditions; changes in operations and product strategy; and the risks and uncertainties discussed under the heading "Risk Factors" in Item 1 of our Annual Report on Form 10-K for the fiscal year ended March 31, 2016, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
Source: NaturalShrimp Incorporated
