Japanese companies ShrimpTech JIRCAS and IMT Engineering announced on July 29 the signing of a Letter of Intent (LOI) to pursue a strategic collaboration in the field of land-based re-circulating shrimp aquaculture.
In a statement, the two companies stated they have a shared history of over twenty years of joint research and development and are the co-inventors of the indoor shrimp production system (ISPS).
They said the new collaboration will focus on both basic and applied research, feasibility studies, and the commercialisation of new technologies to promote the growth of what they describe as "sustainable" land-based shrimp production in Japan and internationally.
Under the partnership, IMT Engineering will provide technical support, including site surveys and facility design, while ShrimpTech JIRCAS will focus on research and technology commercialisation. The companies will also explore joint business activities, an exchange of human resources, and the cultivation of research staff to promote innovation, they added.
Dr. Marcy Wilder, CEO of ShrimpTech JIRCAS, stated that the collaboration will allow both companies to leverage their respective strengths and deliver a positive impact to the industry.