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AquaMaof to build 2,500-ton Atlantic salmon RAS facility in Russia

AquaMaof Aquaculture Technologies Ltd. Is building a 2,500-ton Atlantic salmon RAS facility in Russia. Construction of the estimated 25 million euro facility, financed by local investors, is expected to be completed by the end of 2019 and ready for the first batch of eggs at that time. The new facility will include hatchery, nursery, and full grow-out areas, as well as management and operational zones. With a robust design and construction, the facility requires minimal maintenance, while optimized feeding modes and an advanced feeding management system enable reduction of the Feed Conversion Ratio (FCR) and operational costs.

December 14, 2018

\"We are excited to embark on this unique project and confident in its success,” stated Alexander Churkin, Investor. “We have recognized the immense need for locally-produced, high-quality fish, free of antibiotics and other substances. Through a meticulous due-diligence process we examined several companies that can provide a turn-key RAS project, for the grow-out of salmon, and chose AquaMaof for its extensive and proven experience in similar projects. I am certain that we will have a constructive, fruitful cooperation.\"

\"We are extremely honored to be selected by a group of esteemed local investors, after a thorough evaluation process, that carefully assessed several available RAS technologies,\" stated David Hazut, CEO of AquaMaof. 

The new facility will include hatchery, nursery, and full grow-out areas, as well as management and operational zones. AquaMaof advanced Minimal Liquid Discharge (MLD) technology utilizes proprietary water recycling techniques. At the core of the company\'s RAS technology is efficient power consumption, dramatically reducing costs of energy. No antibiotics and no chemicals in the process allow for the production of healthy, natural product. With a robust design and construction, the facility requires minimal maintenance, while optimized feeding modes and an advanced feeding management system enable reduction of the Feed Conversion Ratio (FCR) and operational costs.

\"Commitment being a leading value, we will support our customers throughout the process, working closely with them to provide advice regarding nutrition, stocking, production parameters, and system maintenance. We will also train their staff to ensure complete independence in ongoing operations. This close support will continue long after the facility in operational, to ensure that the facility in not only producing high-quality healthy and tasty fish, but also succeeds financially and enables quick ROI (Return on Investment) to the investors\" concluded Hazut. 

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