Nocera, US6551861049

Nocera, US6551861049

21.09.2022 - 20:04:55

EQS-News: From Tackle To Table: The Fish Farm Company Diving Into Taiwan's Zero-Hunger Campaign

as a perfect storm of inflammatory causes.

Food Crisis Providing Affordable Food Option To The Common People

A similar food price storm in Taiwan is causing the local government in Nocera?s home country to intervene in its domestic market. Christened the ?bento policy? by some, the government is rolling out discounted bento boxes in an effort to make food more affordable for its citizens.

A bento box is a complete meal with protein, a carbohydrate and several sides. Providing the bento box is a central part of the Taiwan agricultural agency?s zero-hunger initiative, a move geared toward agricultural education through supporting local farmers and ensuring people have sufficient access to food.

In this context, Nocera recently acquired an 80% controlling interest in Meixin Institutional Food Development Co Ltd. This Tawainese company focuses on ready meals, bento boxes and fruit and vegetables.

This acquisition is forecasted to earn Nocera $10 million in revenue in 2023.

?We are very excited about our acquisition of a controlling interest in Meixin and anticipate that Miexin will provide us with a substantial advantage,? Nocera CEO Jeff Cheng said. "Our recirculatory aquaculture systems are green using recirculating water, and we believe our bento boxes and food products will generate revenue daily."

Nocera also recently declared its best year yet in financial revenue. It reported $9.9 million for 2021, which was a 733% increase from 2020.

Learn more about Nocera Inc. by visiting its website.

Nocera, Inc. is an engineering, procurement, and construction (EPC) company that designs, builds, and installs equipment for the fish farming industry, as well as provides technical assistance to fish farm operations. Our Recirculating Aquaculture Systems (?RAS?) help preserve the environment by reducing pollution from over concentration of fish as often occurs in fish farms based in natural inland waterways or bodies. Nocera?s RAS tanks can produce 20,000 ? 30,000 lbs. of fish annually.

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Contact Details

Christine Petraglia - TraDigital IR

+1 917-633-8980

christine@tradigitalir.com

Company Website

https://www.nocera.company/

News Source: News Direct

21.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.com

Language: English Company: Nocera

United States ISIN: US6551861049 EQS News ID: 1447769 ? End of News EQS News Service

1447769??21.09.2022?CET/CEST

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