NaturalShrimp Files New Patent Application to Expand Its Electrocoagulation Technology
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NaturalShrimp finalizes acquisition, begins stocking shrimp at Iowa facility
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Dallas, Texas, U.S.-based NaturalShrimp has announced the acquisition of assets of F&T Water Solutions, LLC.
The USD 10 million (EUR 8.1 million) purchase includes 49 percent of Natural Aquatic Systems owned by F&T, in addition to patents on the electro-coagulation system and the associated equipment and processes owned 50 percent and 100 percent by F&T, respectively.
“This acquisition represents the final phase of our joint development of the electro-coagulation (EC) technology begun by F&T Water Solutions and its former president, Peter Letizia,” NaturalShrimp CEO Gerald Easterling. “We now own and control this EC technology as it relates to all aquaculture species and applications. We plan to utilize this technology in all of our shrimp-growing operations and to license to other aquaculture ventures worldwide.”