Atlantic Sapphire As - AASZF stock

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OTC Symbol: AASZF | OTC Tier: OTCQX International | Related ticker symbols: OSL:ASA

Atlantic Sapphire is a Norwegian seafood company that specializes in the production of sustainable and environmentally friendly Atlantic salmon. The company was founded in 2010 and is headquartered in Miami, Florida, with additional operations in Denmark and Norway.

Atlantic Sapphire uses a land-based aquaculture system that allows for the production of salmon without the use of antibiotics, pesticides, or other harmful chemicals. The company's unique Recirculating Aquaculture System (RAS) replicates the natural habitat of salmon, providing a controlled and optimized environment for the fish to grow in.

The company's flagship facility, located in Miami, is the largest land-based salmon farm in the world, with a capacity to produce over 100,000 metric tons of salmon annually. The facility uses a combination of indoor tanks and outdoor ponds to grow salmon from eggs to harvest size. The salmon are fed a proprietary diet that includes sustainable ingredients such as insect meal and microalgae.

Atlantic Sapphire is committed to sustainability and environmental stewardship, and the company has received several certifications for its responsible practices, including the Aquaculture Stewardship Council (ASC) certification and the Best Aquaculture Practices (BAP) certification.

The company has also been recognized for its innovative and sustainable approach to salmon farming, receiving several awards and accolades, including the 2021 Seafood Champion Award from the Seafood Choices Alliance.

Overall, Atlantic Sapphire is a pioneering seafood company that is leading the way in sustainable and environmentally friendly salmon farming. With its innovative RAS technology and commitment to responsible practices, the company is well-positioned to meet the growing demand for sustainable seafood and make a positive impact on the environment and the seafood industry.

AI Summary of the Company Website

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History

Atlantic Sapphire is a Norwegian-based aquaculture company known for its pioneering work in sustainable salmon farming. Here’s a brief overview of its history:

• Origins: The company was founded by Johan Andreassen and Bjørn-Vegard Løvik, who had prior experience in salmon farming in Norway. They initially started Villa Organic, the first Norwegian organic salmon farming company.
• Innovation: They later founded Atlantic Sapphire with the aim to improve upon the environmental footprint of traditional salmon farming by developing land-based aquaculture solutions.
• Bluehouse Concept: Atlantic Sapphire pioneered the "Bluehouse" concept, which is a land-based recirculating aquaculture system (RAS) for salmon farming, first established in Hvide Sande, Denmark, in 2011. This was followed by setting up operations in Homestead, Florida, USA, due to the ideal aquaculture conditions found there.

Products/Services

Atlantic Sapphire primarily focuses on:

• Sustainable Salmon Production: They produce Atlantic salmon using their Bluehouse technology, which aims to be environmentally friendly by farming fish 100% on land. This method ensures the salmon are free from sea lice and wild fish diseases, providing a clean and sustainable protein source.
• Bluehouse Salmon: Their main product is fresh, clean salmon that does not require antibiotics or hormones, offers a 5:95 fish to water ratio, uses 99% recycled water, and ensures no escapes into the wild.
• Retail and Distribution: Their salmon is sold across North America through various retail chains, emphasizing local production to reduce carbon footprints associated with transportation.

Strategy

Atlantic Sapphire's business strategy revolves around:

• Sustainability: A core focus on environmental sustainability by minimizing the impact on wild fish populations and reducing greenhouse gas emissions associated with traditional aquaculture. Their Bluehouse system recycles water extensively and uses advanced technology to maintain optimal conditions for fish health without environmental harm.
• Innovation and R&D: Continuous investment in research and development to refine their aquaculture technology. They've been working on eliminating marine-derived ingredients from their fish feed, aiming for zero impact on marine ecosystems.
• Market Expansion: They are expanding their production capacity, with plans to harvest approximately 10,000 tons of salmon annually from their phase 1 build-out in Florida. This expansion is part of their strategy to meet the growing demand for sustainable seafood in North America.
• Corporate Governance and Investor Relations: As a company listed on the Oslo Stock Exchange (OSE), Atlantic Sapphire emphasizes transparency and investor engagement, focusing on both financial performance and social/environmental impact.
• Community and Social Responsibility: Engaging in community activities and partnerships, like food distribution events with local charities, highlighting their commitment to not just environmental but also social sustainability.

This summary encapsulates Atlantic Sapphire's journey from innovative founders to becoming a key player in sustainable aquaculture, focusing on producing high-quality, environmentally responsible salmon.