AquaMaof Aquaculture Technologies

Company Overview

Snapshot

Founded in February 2010 by Neder Snir and Yoav Dagan, AquaMaof Aquaculture Technologies operates with 11–50 employees. In October 2020, AquaMaof announced a $90 million deal to build a land-based salmon production facility in Nevada for West Coast Salmon.

Business overview

AquaMaof Aquaculture Technologies specializes in providing integrated solutions for industrialized fish farming, leveraging its proprietary Recirculating Aquaculture System (RAS) technology. The company develops advanced systems for commercial land-based aquaculture, enabling year-round fish growth in controlled environments without chemicals or antibiotics. AquaMaof serves the global aquaculture industry, focusing on sustainable and efficient production of various fish species, including Atlantic salmon, and is also developing technology for indoor shrimp production.

Strategic signal

In October 2020, AquaMaof Aquaculture Technologies secured a $90 million deal to construct a large-scale land-based Atlantic salmon facility for West Coast Salmon in Reno, Nevada. This development signifies a major expansion for AquaMaof into the US market and validates the commercial viability and scalability of its Recirculating Aquaculture System (RAS) technology for sustainable, high-volume fish production. For investors, this indicates strong market demand for controlled-environment aquaculture solutions and AquaMaof's position as a key technology provider in this growing sector.

Company Intelligence Q&A

What significant expansion did AquaMaof undertake in October 2020?

In October 2020, AquaMaof Aquaculture Technologies signed a $90 million deal to build a large-scale land-based Atlantic salmon production facility in Reno, Nevada, for West Coast Salmon. This facility is projected to produce 15,000 tons of Atlantic Salmon in its initial phase.

What was AquaMaof's business activity in May 2019?

In May 2019, AquaMaof Aquaculture Technologies announced it had secured over $230 million in deals for projects involving more than a dozen facilities worldwide, focusing on indoor aquaculture technology and turn-key projects using Recirculating Aquaculture Systems (RAS).

What new market did AquaMaof target in October 2019?

In October 2019, AquaMaof adapted its recirculating aquaculture system for the production of shrimp, achieving high-density production and low operational costs in a disease-free environment. This technology was slated for commercial availability in the following year.

What major project was announced in October 2016 involving AquaMaof?

In October 2016, AMG Norway, a subsidiary of AquaMaof Group, was selected by Grieg NL to construct the world's largest indoor salmon aquaculture facility in Newfoundland. This project involved deploying AquaMaof's RAS technology for a state-of-the-art hatchery and nursery.