Ridley Secures Supply of Novacq Production & Harvesting Technology
January 15, 2017 at 05:36 pm EST
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Ridley Corporation Limited advised that it has executed a long term supply agreement for the equipment required for the commercial production and harvesting of NovacqTM. Avant Aqua Pty Ltd, a wholly owned subsidiary of Ultra Aquatic Technology Pty Ltd. (UAT), is an entity with unique and patented technology (UAT Technology) and significant expertise in the treatment and management of water. Since acquiring the long term lease of Novacq TM production ponds at Yamba in January 2016, Ridley and UAT have been working together to develop the UAT Technology to optimise the production and harvesting of NovacqTM as a continuous cycle. Prior to adoption of this new technology and associated processes, the production of NovacqTM was effectively a batch process, which involved periodic draining of the production ponds to leave the NovacqTM as a residue to be excavated and dried. The continuous cycle provides a more efficient and environmentally sustainable solution that provides an ongoing NovacqTM supply stream, retains the water-borne nutrients, and avoids discharge from the production ponds. While the process to develop NovacqTM still has a way to go before embarking upon a full scale commercial launch, the UAT Technology is already being effectively deployed and refined through a process of continuous improvement initiatives to produce NovacqTM at Yamba in New South Wales.
Ridley Corporation Limited is an Australia-based company that is engaged in the production of animal nutrition solutions. The Company operates through two segments: Packaged Feeds and Ingredients and Bulk Stockfeeds. The Packaged Feeds and Ingredients segment comprises animal nutrition feed and ingredient solutions delivered in packaged form, ranging from one ton down to three kilograms bags. It also includes the Aquafeed Business Unit. The Bulk Stockfeeds segment includes animal nutrition stockfeed solutions delivered in bulk. Its product categories include packaged products, Monogastric Commercial Feeds, Ruminant Commercial Feeds, Aqua Feeds and Rendered Ingredients. It provides nutritional feed to a range of species, including dairy cows, poultry, pigs, beef cattle, horses, sheep, dogs, rodents, and native animals at all stages of life. The Company provides its products under the brand names Barastoc, Cobber, Rumevite, Primo, and Ridley.
RIDLEY CORPORATION LIMITED 
