Epicore sales have grown strongly since 2011, as demand for aquaculture productivity enhancing products has increased. The new facility will supplement the current facility and house manufacturing and warehousing. It will eliminate the current need for outside and offsite storage and will improve the efficiency of the current operation. The additional space will facilitate maintenance of current and future quality certifications.
The requisite local government approvals have been obtained for the new construction. The plan calls for a two phase approach with the first 6000 square feet constructed in 2014 and the second 6000 built in the future as facility needs evolve.
The phase one construction costs are estimated at
This press release contains forward-looking statements that involve significant risks and uncertainties. The actual results, performance or achievements of the company might differ materially from the results, performance or achievements of the company expressed or implied by such forward-looking statements. Such forward-looking statements include, without limitation, those regarding the future growth of the Company, estimated construction costs of the new facility, expected improvements in the quality, efficiency and reliability of manufacturing operation. We can provide no assurance that the company will be able to generate sufficient cash to meet its obligations. We are subject to various risks, including the uncertainties of product development, markets for our products and regulatory review, our need for additional capital to fund our operations, our reliance on collaborative partners, our history of losses, and other risks inherent in the biotechnology industry.
For more information, please contact: Mr.
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