All good news, from the AGM our chairman Perry Leach said that...

All good news, from the AGM our chairman Perry Leach said that CAQ was the successful aquaculture company chosen from twenty other aquaculture companies as the preferred company to advance in establishing a very large scale facility in Malaysia.

The global multinational with a $5 billion turnover wishing to enter the industry put Cell at the top of their list as the one having the best recirculation technology and the ability to produce consistent, high-quality fully traceable products in a sustainable way, he said they were seeking a company with hatchery, that can guarantee consistent year-round supply, with fingerlins on demand, the fish had to be of delicious taste and receive a high market price. Cell has been a leader in land based aquaculture innovation, they have revolutionized the industry by developing indoor facilities that maximizes water utilization and minimizing the environment.

I was told that this company did visit Cells facility in Terengganu and were blown-away with the operation. Perry Leach hinted that a pilot fercility would consist of 2000 tons, and that their intention was to see it grow times ten, that's twenty thousand tons. Add South Africa to the start of this stage one, and Cell becomes the biggest land based aquaculture company in the world.

Well put some Jam on your shoes and invite your trousers down for tea.
I think this company is going to be a cracker.

One of the directors Capt Suresh who is based up in Malaysia said at the meeting that land had been chosen and set aside for aquaculture, I think 130 hectares, the directors have been in negotiations all year with this conglomerate. And an announcement just out from the company saying that CAQ has received an initial order from this company to commence detailed feasibility study.

I think by January / February we will have news that will put Cell well and truly on the map globally.

Cheers.