OUR NEW PROFILE IS: (NASDAQ: NCRA)
NCRA is currently on the move up running 10% alone yesterday!
Year to date revenue for six months ended June 30, 2022, were $5.1 million, a year-over-year increase of 82% as compared to $2.8 million for six months ended June 30, 2021
NCRA has plans to expand their projects into the U.S. this year
NCRA is able to produce 80% more food than traditional fish farming with their equipment and it is environmentally safer than traditional farming
NCRA JUST UPLISTED TO THE NASDAQ FROM THE OTC WEEKS AGO AND WORD IS SPREADING
Nocera, Inc. Acquires 80% Controlling Interest In Meixin Institutional Food Development Co. Ltd
Sep 08, 2022 (ACCESSWIRE via COMTEX) — Acquisition To Generate Up To $10 million in Revenue for Fiscal 2023
TAIPEI, TAIWAN / ACCESSWIRE / September 8, 2022 / Nocera, Inc. (NASDAQ:NCRA) (“Nocera” or the “Company”), a fully integrated sustainable seafood company focusing on manufacturing and operating land-based Recirculatory Aquaculture Systems (RAS), today announced its acquisition of an 80% controlling interest in Meixin Institutional Food Development Co., Ltd. (“Meixin”), a Taiwan corporation located in Taipei City, Taiwan (R.O.C.), using Variable Interest Entity agreements (VIE). The purchase price of the acquisition was $4.3 million.
Meixin, a well-established food processing and catering company established in 2003, is engaged in the production of hot and frozen meals, bento boxes, group meals and processing of vegetables and fruits for other companies in the food industry. Meixin has been catering and serving bento boxes to local banks and companies for the last 19 years, including Chinatrust Bank, Fubon Bang Bank, Eastern Kun, and Good Time Technology. As part of Nocera’s vertical integration effort of turning its seafood into delicious and valuable meals, Meixin will produce different food products for Nocera to sell through its distribution channel including bento boxes, takeaway seafood porridge, BBQ eel rice, and seafood fried rice.
Jeff Cheng, Nocera’s CEO, commented, “We are very excited about our acquisition of a controlling interest in Meixin and anticipate that Miexin will provide us with a substantial advantage. We want to raise, store, and cook the fish. Our Recirculatory Aquaculture Systems are green using recirculating water, and we believe our bento boxes and food products will generate revenue daily. This acquisition is expected to generate up to $10 million in revenue for fiscal 2023. We look forward to working with Meixin’s management team as we leverage their talent and, together with our marketing experience, position Nocera for future success.”_________________________
Hello Everyone,
I hope that you enjoyed the long weekend and enjoyed the day off with your family. Every year we generally see interest come into the markets around these times as the Summer is unofficially over and kids are back in school.
We have a brand new situation that we wanted to bring to your attention immediately. This is a company that just uplisted to the Nasdaq from the OTC which is not the easiest goal to accomplish.
Pull up NCRA on your screen right now.
Catalysts:
- Taiwan-based, Nocera Inc. (NASDAQ: NCRA) is an emerging leader in the aquaculture and food packaging industries as its unique land-based RAS solves the global seafood crisis.
- NCRA is currently on the move northbound off its $2 base running +10% yesterday to close at $2.635!
- NCRA is quickly becoming an emerging leader in the aquaculture system industry valued at over $200 billion USD.
- NCRA total market valuation is just $21 million based on 21,553,684 OS and a public float of around 4,328,065 shares.
- NCRA is growing fast; Year to date revenue for six months ended June 30, 2022, were $5.1 million, a year-over-year increase of 82% as compared to $2.8 million for six months ended June 30, 2021
- With seven aquaculture projects currently operating, NCRA has plans to expand their projects into the U.S. this year. The company’s operations are not only environmentally safer than traditional farming, they also produce 80% more food than traditional fish farming.
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Taiwan-Based, Nocera Inc. (NASDAQ: NCRA) Is A Publicly US Traded Company That Designs, Develops, And Produces Land-Based Recirculating Aquaculture Systems For Fish Farming. NOCERA is committed and dedicated to making a greener world. Their process reduces water pollution and recycle fish waste, and will help make for a better world in the years to come.
NCRA 10 day chart:
NCRA has a compelling chart setup: since uplisting to the Nasdaq on August 11 the stock formed a base around $2 per share. In recent days NCRA has been moving steadily northbound off its $2 base closing at $2.635 yesterday up 10.25% on the day.
Nocera Inc (NASDAQ: NCRA) is a fully integrated sustainable seafood company that provides land-based recirculation aquaculture systems (RAS) for both fresh and saltwater fish and invests in fish farms by building high-tech RASs. The Company’s main business operation consists of the design, development, and production of large-scale RAS fish tank systems, (aquaculture) for fish farms along with expert consulting, technology transfer, and aquaculture project management services to new and existing aquaculture facilities and operators.
RASs operate by filtering water from the fish (or shellfish) tanks so it can be reused within the tank. This dramatically reduces the amount of water and space required to intensively produce seafood products. The steps in RASs include solids removal, ammonia removal, Co2 removal and oxygenation. Prior to 2021. As of October 2020, the Company has delivered 551 fish tank systems to six separate Chinese-based fish farms, and two fish tank systems to its Taiwan showroom.
NCRA’s land-based RAS (recirculating aquaculture system) is much more efficient that natural water-body systems, recycling approximately 90% of water used! The company’s operations are not only environmentally safer than traditional farming, this process also produces 80% more food than traditional fish farming. With seven aquaculture projects currently, NCRA has plans to expand their projects to the U.S.
Originally, the Company’s systems were designed and constructed from used marine shipping containers. The Company then developed its next generation of RASs, a cylindrical shaped tank that holds approximately 15,000 U.S. gallons of water, which the Company believes make them among the largest systems in the market. There are several significant benefits to our RASs: the system provides a controlled and “traceable” environment; the recirculating aquaculture system can be installed almost anywhere and requires minimal site preparation; and it benefits local economies by providing fresher and, therefore, generally healthier fish. Nocera’s RASs include the fish tank, circulation and filtration systems.
NCRA is growing fast!
Nocera, Inc. Announces Second Quarter 2022 Financial Results
Company achieves a 72% increase in net sales versus second quarter of 2021
TAIPEI CITY, Taiwan, Aug. 23, 2022 (GLOBE NEWSWIRE) — Nocera, Inc. (NASDAQ: NCRA) (“Nocera” or the “Company”), a fully integrated sustainable seafood company with a focus on manufacturing and operating land-based Recirculatory Aquaculture Systems (RAS), announced second quarter results ended June 30, 2022.
Second Quarter 2022 Highlights and Recent Developments
- Generated $2.2 million in net sales in the second quarter, a year-over-year increase of 72% as compared to $1.3 million in the second quarter of 2021
- Year to date revenue for six months ended June 30, 2022, is $5.1 million, a year-over-year increase of 82% as compared to $2.8 million for six months ended June 30, 2021
- Cash and cash equivalents for six months ended June 30, 2022, is $1.6 million, a year-over-year increase of 147% as compared to $647,000 for six months ended June 30, 2021
- Completed the RAS design for US expansion for Catfish and Tilapia and now focused on the final land purchase
- Successfully Up listed from OTC Markets to NASDAQ on August 11, 2022
- Closing of its underwritten public offering of 1,880,000 units for aggregate gross proceeds of $6.58 million on August 15, 2022
Management Commentary
Jeff Cheng, CEO of Nocera, Inc. said, “In the second half of 2022, we are operating from a very strong position. We continue to receive requests and recommendations from our investors to bring aquaculture back to the United States and give the American family the best choice of seafood. Our focus is finalizing the land purchase to start the construction of a land-based fish farm in the United States. We are committed to raise green and sustainable fish for the market and look forward to continued execution of our fish farm construction in the months ahead as we are committed to our shareholders that we will continue to invest and expand in a green and sustainable way in the United States and globally. ”
Overfishing of our oceans and other natural resources is continuously increasing year over year and we need alternate sources for seafood to feed the planet’s ever-growing population. NCRA is meeting the demand of the food crisis, with seven projects currently, and plans to expand in the U.S. Not only is aquaculture becoming a necessity, it is also a sustainable option for consumers, especially in comparison to other farmed proteins.
NCRA currently has seven sites approved for Taiwan, The company is planning to work with Solar EPC companies like JV Energy Technology Company on future solar sharing fish farms.
Natural Water Body
- Generally considered to be inefficient with environmental problems caused by overpopulation and lack of proper water filtration.
- New water quality regulations designed to eliminate this form of fish farm in many countries
Land-Based RAS Systems
- Highly efficient with extremely low environmental impact.
Highly efficient Provide a cleaner and safer environment for fish farming. - Versatile design limits environmental impact.
Benefits of RAS
RAS is the ability to reduce the need for fresh, clean water while still maintaining a healthy environment for fish. RAS have high fish stocking densities and can be operated economically commercial.
NCRA has a compelling chart setup: since uplisting to the Nasdaq on August 11 the stock formed a base around $2 per share. In recent days NCRA has been moving northbound off its $2 base closing at $2.63 on Wednesday up 10% on the day.
NCRA started trading on Nasdaq on August 11. According to IPO scoop
Nocera Inc. was incorporated in the State of Nevada on Feb. 1, 2002, with operations based in New Taipei City, Taiwan. Our primary business operations currently consist of designing, developing and producing large-scale recirculating aquaculture systems (“RASs”) for fish farms along with providing consulting, technology transfer and aquaculture project management services to new and existing aquaculture management business services.
In October 2020, the government of Taiwan began supporting the Green Power and Solar Sharing Fish Farms initiative. In view of the opportunities resulting from this initiative, in October 2020, Nocera ceased all of its operations in China and moved all of its technology and back-office operations to Taiwan. The Company now only operates out of Taiwan.
Nocera current mission is to provide consulting services and solutions in aquaculture projects to reduce water pollution and decrease the disease problems of fisheries. Our goal is to become a global leader in the land-based aquaculture business. The Company is now poised to grow its existing operations in Taiwan and expand into the development and management of land-based fish farms in Taiwan and North and South America. The Company does not currently have any intentions of conducting operations in China or Hong Kong
NOCERA is committed and dedicated to making a greener world. The Company believes its land-based RAS represents a large-scale, environmentally friendly and economically feasible form for bringing clean fish to the table and bringing clean water back to the people. In managements opinion, the Company’s services are cost competitive, reduce water pollution and recycle fish waste, and will help make for a better world in the years to come.
The fishing/fish farming industry in the Asia Pacific region was predominately regulated by governments allowing fish farmers to set up fishnets in public water including water dams, rivers, lakes, etc. It is the dominant source of freshwater fish for both domestic demands and exports. However, the forms of netting and harvesting in the industry are uneconomic and generate continuous supply issues. In order to address the problem of sustainability, Nocera believes it is a great opportunity for it to promote land-based recirculating aquaculture systems (“RAS”).
By 2020, Nocera has launched 6 fish farms using its systems. The Company is currently expanding its services from Taiwan to the United States and globally, by building its land-based RAS demo sites and fish farms .
NCRA NEWS:
NCRA MANAGEMENT
- Jeff Cheng CEO
- Jim Chuang CFO
- Howard Ruan COO
- Gerald H. Lindberg Secretary
NCRA BOD
Yin-Chieh Cheng
⦁ 2018 Dec – Oct 2019 Chief Financial Officer and Treasurer at Nocera
⦁ 2014 – Present Director of Shengbo Accounting Firm in Shanghai.
⦁ 2013-2014 Head of Tax at BT Global Service
⦁ BA in Accounting from George Mason University
⦁ MBA, Finance from University of South Carolina – The Moore School of Business
David Yu-Lung Kou
⦁ Present – Chief of Strategy and Planning for Wistron Corp
⦁ 2015-2018 Vice President – Branded Business Operations at TPV
⦁ 2015-2018 Business Advisor/Consultant of HokangTek
⦁ Global Sales of HTC Corp. from 2012-2014.
⦁ MSc. Electrical Engineering from University of Southern California
Gerald H. Lindberg
⦁ 2016 – 2021 Business Consultant & Board member at Handover International.
⦁ 1983 – 2016 CFO of publicly traded companies, business adviser, capital acquisitions
⦁ 1979-1982 Section Chief, Litigation Assistance Systems Section, Justice Management
⦁ Law degree at Western New England University, School of Law, Springfield, MA
Thomas A. Steele
⦁ 1980-2001 Foreign Service Officer at the U.S. Department of State, Washington, DC
⦁ 2005 and 2010 Corporate secretary for World’s Fair, Anbusa USA.
⦁ BA in Political Science, Music, Radio & TV Broadcasting from the University of California
Huiying Zhuang
⦁ 2013-Present Vice President of Sales at Clyde Bergemann Power Group
⦁ 2012-2013 Director of Technology and Product Management, Air Pollution Control Product
⦁ 2004-2006 Boiler Process Engineer from
⦁ MBA from the University of South Carolina.
Sincerely,
