China Marine Leads Research Project For Ocean-Harvested Seafood

Project to strengthen the production of seafood products

China Marine has announced plans to lead a government sponsored research project focused on developing consumer ready seafood products from low-cost seafood items.

The company anticipates the project will result in both product and production advancements which the company can commercialize to gain market share and drive incremental revenue growth through its more than 2,000 retail points in China. The project also stipulates that the foods developed as part of this initiative meet Green Food and Healthy Food standards governed by the Ministry of Health and Bureau of Green Food organizations in Beijing.

The project is organized by the Ministry of Science and Technology and has been rewarded to a total of three commercial fish processors operating in the Fujian province. The objective of the project is to strengthen the province's position in the production and development of consumer-ready seafood products. The study further focuses each participating Company's efforts on seafood harvested only in the Fujian province and categorized as low-cost marine catch.

Pengfei Liu, Chairman and CEO of China Marine, said: Considering our research and development efforts have been focused on this same directive, our participation as the lead in this project not only allows us to further improve our own expertise, it also provides us with incremental funding to research new methods to develop products for our market. We anticipate a high-level of collaboration between our R&D team and other organizations and a mutually beneficial result for China Marine and the Provincial Government.