STOCK TITAN

Blue Star Foods’ RAS Division Announces Selection of PR Aqua As RAS Technology Partner

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Blue Star Foods Corp. (OTC: BSFC) announced that its subsidiary, Taste of BC Aquafarms, has chosen PR Aqua as the technology provider for its new 1,500 metric ton Recirculating Aquaculture Systems (RAS) farm. They signed a multi-phase engineering contract to leverage PR Aqua's expertise in facility design and advanced equipment. Taste of BC previously partnered with PR Aqua for its first successful 80 metric ton salmon farm. The expansion aims to enhance sustainable seafood production.

Positive
  • Partnership with PR Aqua for advanced RAS technology enhances operational capabilities.
  • Previous success with PR Aqua strengthens confidence in new facility's potential.
  • Expansion to a 1,500 metric ton farm indicates growth strategy and market demand.
Negative
  • None.

Miami, Florida, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Taste of BC Aquafarms, Inc., (“Taste of BC”), a wholly owned subsidiary of Blue Star Foods Corp., (OTC: BSFC) (“Blue Star”), an integrated Environmental, Social, and Governance (ESG) seafood company, announced today that it has selected PR Aqua, ULC (“PR Aqua”) as its the Recirculating Aquaculture Systems (“RAS”) technology provider for its planned 1,500 metric ton farm (the “Second Facility”).

Taste of BC has signed a multi-phase engineering contract with PR Aqua to provide advanced aquatic solutions for aquaculture, as its RAS technology provider for the Second Facility and plans to leverage PR Aqua’s suite of solutions encompassing facility design and advanced equipment engineering.

“We have worked with PR Aqua for many years, they were the team that helped us build our initial 80 metric ton steel-head salmon farm and were instrumental as R&D partners to design and implement what has been a very successful first project”, said Steve Atkinson, Founder of Taste of BC. He further continued, “we believe their team are some of the best in the business, and are thrilled to continue to work with them as we look to scale our combined technology for our next phase of development for the Second Facility.”

About PR Aqua

PR Aqua is a leading aquaculture design and technology provider based in British Columbia, Canada. For more than 20 years, PR Aqua has been providing integrated water treatment and fish handling solutions for both the public and commercial aquaculture industries. The PR Aqua team is a group of project management, engineering, and operations professionals, with specific expertise in aquaculture systems design, construction, and operation, specializing in Recirculating Aquaculture Systems (RAS). The Company supports its clients with a broad range of services including project planning, engineering design, delivery of specialty process equipment, construction support, and startup and training services. The company is based in Nanaimo, British Columbia (Canada), and its corporate website is: www.praqua.com.

About Blue Star Foods Corp.

Blue Star Foods Corp. is an integrated ESG seafood company that processes, packages and sells high-value seafood products. The Company believes it utilizes best-in-class technology, in both resource sustainability management and traceability, and ecological packaging. The Company also owns and operates the oldest continuously operating Recirculating Aquaculture System (RAS) full grow-out salmon farm in North America. The company is based in Miami, Florida, and its corporate website is: www.bluestarfoods.com.

Contacts
Brett Maas of Hayden IR
Email: brett@haydenir.com
Office: (646) 536-7331

Safe Harbor

This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of Purebase Corporation and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company’s reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company’s web site at http://www.bluestarfoods.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.


FAQ

What is the significance of Blue Star Foods Corp.'s (BSFC) partnership with PR Aqua?

The partnership aims to enhance Blue Star's aquaculture operations through advanced RAS technology.

When is the new aquafarm facility by Blue Star Foods Corp. expected to be operational?

The press release does not specify an operational date for the new facility.

What is the size of the new aquafarm being developed by Blue Star Foods Corp.?

The new aquafarm is planned to be 1,500 metric tons.

How successful was Blue Star Foods Corp.'s previous aquafarm project?

The previous 80 metric ton salmon farm was reported as very successful.

What does RAS technology stand for in Blue Star Foods Corp.'s aquaculture initiatives?

RAS stands for Recirculating Aquaculture Systems, which is designed for sustainable fish farming.

Blue Star Foods Corp.

NASDAQ:BSFC

BSFC Rankings

BSFC Latest News

BSFC Stock Data

873.56k
7.85M
2.8%
0.86%
9.69%
Packaged Foods
Prepared Fresh Or Frozen Fish & Seafoods
Link
United States of America
WEST PALM BEACH