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"This collaboration is a step in innovation in sustainable farmed aquaculture, paving the way for traditional seafood companies to offer a diverse portfolio of traditional and cell-based products utilizing cutting-edge cell culture technologies," the statement sa.
The two parties will also develop and sell cell-based shrimp products according to the terms of the cooperation, and launch a feasibility study for the large-scale production of cell-based shrimp, crab and shellfi.
Sandhya Sriram, Chairman and Co-Founder of Shiok Meat, said: "The establishment of a joint R&D facility with Ming Fu Group is an important milestone in our developme.
Our vision has always been to collaborate with established seafood companies, through aquaculture innovation, research and technology The transfer adds diversity solutions to the product portfolio and food safe.
Our R&D facility in Vietnam will focus on high-quality cell-based shrimp produc.
”
Our vision has always been to collaborate with established seafood companies, through aquaculture innovation, research and technology The transfer adds diversity solutions to the product portfolio and food safe.
Our R&D facility in Vietnam will focus on high-quality cell-based shrimp produc.
”
"Entering the cell-based seafood sector is in line with the company's long-term vision of pioneering state-of-the-art technologies to achieve sustainable development of Vietnam's seafood industry," said Minh Phuc Gro.
Currently, Shiok has two R&D bases, one in Thailand and the other in Austral.
Last year, the company completed its latest bridge financing round, raising a total of $30 milli.
Last year, the company completed its latest bridge financing round, raising a total of $30 milli.
Construction of its pilot production base in Singapore is also accelerating, Shiok said, aiming to launch the world's first cell shrimp product in at least one fine-dining restaurant in Singapore by 202
