THE KINGFISH COMPANY N.V. The Kingfish Company [Euronext: KING] secures final water side permit for US farm inMaine , reports Q2 2021 record sales, production and harvest levels, and achieves higher sales prices while production capacity ramps up. Despite increased harvest levels, the company's current production capacity is sold out. Further expansion of its facility inThe Netherlands and the development of a new site inMaine , US is progressing as planned. "We are proud of our team which has delivered over three years of successful and continuous system operation. In the second quarter, we have seen improved output from our hatcheries and record production inThe Netherlands , achieved a major milestone in the development of our US farm inMaine by securing the second and final water side permit, and launched retail ready branded products withWhole Foods Market andAlbert Heijn ", saidOhad Maiman , CEO ofThe Kingfish Company . In Q2 2021 the company set a new production record with 268 tons growth, an increase of 17 percent over the previous quarter. Stocking of the new system was completed in Q2, bringing total installed capacity to 1,250 tons per year. Productivity was 0.62 kg per cubic meter per day, down from 0.70 the previous quarter as significant newly stocked system capacity matures. Compared with Q1 2021, total sales in Q2 2021 grew 56 percent in revenue toEUR 2.3 million , and 42 percent to 197 tons in whole fish equivalents. For more information Please see the attached Q2 2021 business update.The Kingfish Company will present the business update to investors, analysts, and media onWednesday July 7th, 2021 at16:00 CEST . The online presentation will be followed by a Q&A session. Both will be hosted by the company's CEOOhad Maiman , CFOChristo du Plessis and COOKees Kloet . Call in details https://teams.microsoft.com/l/meetup-join/19%3ameeting_NmY3ZGZiZmMtNGI2OS00NTVmL ThhMDgtNzAxZTljM2ZlNjYx%40thread.v2/0?context=%7b%22Tid%22%3a%22ee3cd676-f234-4b bf-813c-8a2632f00850%22%2c%22Oid%22%3a%2201d2f99c-9d10-4df2-acd7-34b036bb822a%22 %7d For media and investor inquiries, please contact press@the-kingfish-company.com ir@the-kingfish-company.comCompany News feed https://www.the-kingfish-company.com/news AboutThe Kingfish Company The Kingfish Company is a pioneer and leader in sustainable land-based aquaculture. Current annual production capacity at its Kingfish Zeeland facility inthe Netherlands is 1,250 tons of high quality and high value Yellowtail Kingfish. Expansion is underway and capacity inthe Netherlands will reach 3,000 tons in the second half of 2022. In the US, permitting for the company's 6,000 - 8,000 tons capacity facility is progressing as planned, with production start scheduled for second half of 2023. Production is based on advanced recirculating aquaculture systems (RAS), which protect biodiversity and ensure bio security. Animal welfare is paramount, and the fish is grown without use of antibiotics and vaccines. Operations run on 100 percent renewable energy, sourced from wind, solar and biogas. The company's facilities operate on sea water, avoiding wasting of precious fresh water.The Kingfish Company's main product at present, the Yellowtail Kingfish (also known as Ricciola/Hiramasa/Greater Amberjack) is a highly versatile premium fish species, well known in the Italian and Asian fusion cuisines. Its products are certified and approved as sustainable and environmentally friendly byAquaculture Stewardship Council (ASC), Best Aquaculture Practices(BAP) andBritish Retail Consortium (BRC). It was the winner of the 2019 Seafood Excellence Award, and it is recommended as green choice byGood Fish Foundation .
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