Reference is made to the Companys financial results made on 30 August 2012 in relation to the MOU entered between SFSB and USM for the research collaboration on development and pre-commercialisation of a new organic acid blend for enhancement of growth performance and disease resistance in farmed aquatic animals without the use of antibiotics.
The Board of Directors of Sunzen wishes to inform that RM850,000 out of the total Technofund grant of RM1.155 million approved by the Ministry of Agriculture (MOA) for the above project is allocated for installation of a pilot plant and the remaining balance for market testing and evaluation and also for related operating cost. Installation of a pilot plant has been completed in milestone 1. The project is now in milestone 3 involving product testing under commercial shrimp marine production. A farm has confirmed to allow Orgacids-AQUA to be tested by USM research team.
This announcement is dated 22 November 2012.