Under this LOI, Aquasense Panama will supply the Alfa Gamma Group, on an exclusive basis an estimated annual 500 tons of ocean farmed tilapia to be distributed to high-end US retailers, gourmet chefs and cruise ships, starting as early as next year.
By the end of the first project phase, it will supply an annual 6,000 tons. All product will consist of sustainably farm-raised red tilapia, grown in open-ocean and eco-friendly production systems, located in pristine waters off the Pacific coast of the Republic of Panama. The product will be offered only fresh, whole and filleted.
Aquasense Panama is an early stage aquaculture company with the mission to contribute to meeting the rising food needs of a growing world population in a sustainable manner.
In 2007, it set out to change the paradigm of fish farming, by bringing their fish farming operations to the pristine waters surrounding Panama.
Considered a non-traditional farming method for tilapia, their preliminary research showed that when tilapia are reared in the full salinity of the open ocean and fed nutritious feeds, the result is a very much improved fish product, in terms of taste and texture.