RushNet Licensing Partner Royal Caridea Achieves the Fastest Shrimp Growth Rate in the Aquaculture Industry Reaching 42 Grams in 90 Days

Rhea-AI Summary

RushNet, Inc (RSHN) announces successful trial with Fuel Tech's DGI® technology at Royal Caridea's aquaculture facility, leading to significant shrimp growth rates. RushNet secures exclusive licensing rights for the technology in the US and Canada, showing promising potential for competitive pricing and rapid growth cycles.

PHOENIX, AZ / ACCESSWIRE / March 18, 2024 / RushNet, Inc (OTC PINK:RSHN) proudly announced today that Fuel Tech, Inc. of Warrenville, IL, has published a white paper detailing the successful trial at Royal Caridea's Gila Bend, Arizona facility suggesting that the use of Fuel Tech's DGI® Dissolved Gas Infusion Gas Infusion technology can dramatically increase total shrimp production compared with traditional aeration methods.

For a copy of the white paper, please click on the following link: https://bit.ly/FuelTechDGITrialWP

The trial included the use of Fuel Tech's DGI® technology as a critical component of Royal Caridea's water treatment process and resulted in the impressive growth of shrimp to 42 grams in just 90 days. This outcome demonstrated the significant potential of Fuel Tech's innovative technology to revolutionize the aquaculture industry.

Royal Caridea's aquaculture production technology is unique compared to other shrimp growers because of aeration by dissolved gas infusion, biology-free water reprocessing, and its 90-day benchmark. Notably, Royal Caridea is not solely producing extra-large and jumbo shrimp; its system produces 4 cycles per year using an eight stacked raceway system (SRS) based on this 90-day production cycle. This system enables rapid growth rates and low cost of goods sold, which gives Royal Caridea the potential to make their wholesale and retail pricing highly competitive for a largely unmet market of fresh never frozen and live shrimp. In contrast, outdoor producers in Texas usually target only 2 cycles within a year, and no known producer completes 3 or more harvests in a single year. The Royal Caridea system can provide fresh never frozen shrimp daily.

As previously announced, RushNet has recently signed an exclusive licensing agreement for the United States and Canada, giving them the rights to the Royal Caridea technology. Royal Caridea LLC is a limited liability company based in Arizona, established in 2009 under the laws of the state of Delaware and Arizona. The company has secured over $8 million in funding from accredited investors in both the United States and Europe and has received a significant loan from the United States Department of Aquaculture ($2.7 million USD) in 2020, which adds to its credibility. Royal Caridea LLC claims to have developed the world's leading aquaculture technology production system.

Mr. Cunha, who was recently appointed as Chairman and CEO of RushNet, said, "We are pleased to announce these growth rates. When a Royal Caridea aquaculture application had the need for an oxygenation process, we were pleased to have the opportunity to work with Fuel Tech as our collaborative partner."

The water treatment system for the Royal Caridea stacked raceway using the DGI^® technology allows for a dissolved oxygen (DO) set point to be independently established for each raceway. As the oxygen demand increases, additional oxygen is infused to maintain a steady DO level. Since the aeration is done using a dissolved oxygen system, oxygen is immediately available, minimal oxygen loss occurs due to bubbling off and the shrimp are provided with a consent level of oxygen to enhance shrimp growth. Using the DGI^® system, it was demonstrated that the DO could be maintained at levels well beyond those achievable with other systems. Shrimp grew rapidly, and their size and color were closely matched, with no signs of stress observed. The outgrowth was carried out at DO levels ranging from 9.5mg/L to 11.5mg/L.

Mr. Cunha emphasized the importance of carefully controlling all the parameters of the system to grow shrimp on an economic basis almost anywhere in the world. He also stressed the need to carefully distribute and monitor oxygen levels within the system, which is often overlooked. Fuel Tech's DGI^® technology proved to be highly effective, and it is expected to be installed at every location in the United States and Canada where the Royal Caridea technology is used.

About RushNet

With over 25 years in the public sector, RushNet has continually evolved, embracing change and innovation at every turn. The company is completing its transition out of the lab business.

CONTACT:

Michael Cunha
Phone 916-616-7037
Email mcunha53@gmail.com
Twitter Handle: @rushnetrevival

SOURCE: Rushnet

View the original press release on accesswire.com

FAQ

What technology did Fuel Tech use in the trial at Royal Caridea's facility?

Fuel Tech used its DGI® Dissolved Gas Infusion technology in the trial at Royal Caridea's aquaculture facility.

What was the outcome of the trial in terms of shrimp growth?

The trial resulted in impressive shrimp growth to 42 grams in just 90 days, showcasing the potential of Fuel Tech's technology.

What makes Royal Caridea's aquaculture production technology unique?

Royal Caridea's technology includes dissolved gas infusion aeration, biology-free water reprocessing, and a 90-day production cycle, enabling rapid growth rates and competitive pricing.

Who has RushNet signed an exclusive licensing agreement with?

RushNet has signed an exclusive licensing agreement with Royal Caridea for the United States and Canada.

What funding has Royal Caridea received?

Royal Caridea has secured over $8 million from accredited investors and a $2.7 million loan from the United States Department of Aquaculture in 2020.