Tri-Way holds licenses for fertilizer formulas, enzyme patents, and for indoor fish farm techniques, including a “master license” in China for “A Power Technology” (“APT”), a modular land-based fish growing system and technology utilizing RAS.
A Power Technology ("APT")
APT is an environmentally friendly system that recycles all water and waste without causing any adverse impact on the environment. It will enable the consistent production and supply of fish within close proximity to an urban area on a year round basis. The RAS system has been used commercially in Europe and Australia for the past 30 years and the APT system has been commercially used in Australia since 1998. However, RAS and APT system technologies are new to Asian countries including China.
Recirculating Aquaculture Systems ("RAS")
RAS is a technology that enables the same water to be reused within the same tank, and operates through filtering this water, at a high frequency, making it an efficient and environmentally friendly method to operate water tanks. The advantages of RAS include improved productivity, lower labor requirements and lower mortality rate of the animals. Historically, the Chinese population are used to fresh aquatic products and prefer locally produced food if they can be assured of food quality and safety. Studies show that consumers overall are willing to pay an average premium of 3.9 percent for Closed Containment Aquaculture (“CCA”) compared to conventional farming methods such as sea water farming.
The indoor farms are based on RAS technology. In general, RAS technology has several advantages over standard pond and net pen technology in aquaculture. By definition, RAS technology uses less water because water is reused, or recycled, by a series of filters that remove harmful materials due to metabolism of the fish or shrimp raised.
A‐Power Recirculating Aquaculture Technology ("APRAS")
APRAS is similar in concept to RAS with the need for all (most) filter systems described for RAS, but differs dramatically in how those systems are built and configured with the production tank, and by use of tanks. Instead of the being purchased separately and placed in‐line to the production tanks, APRAS filter systems are built as part of the production tank, simplified to the basic costing much less to build, operate, maintain, and are flexible in their use. In short, a series of baffles along a central channel of two APRAS tanks, which are themselves joined together form the basic design.
Tri-way is licensed to use the A-Power Recirculating Aquaculture System (“APRAS”) technology developed and owned by its parent company. The unique technology allows the Company to loTri-wayr cost of construction, and to implement phased growout and partial harvest strategy which leads to high yield and sustainable production. Aqua farms under Tri-way will be in aggregate designed production capacity of 72,800MT upon full completion of construction in 2019. Its Zhongshan aquaculture megafarm with designed capacity of 70,000MT is becoming the world’s largest integrated RAS aquaculture farm on a standalone basis.
The successful implementation in APRAS tanks can have a positive branding effect to the Tri-way production portfolio of safe, healthy, and sustainably produced seafood.
Outdoor Dam Recirculating Aquaculture Technology (ODRAS)
ODRAS technology has developed for use in its outdoor pond, or dam, systems, similar in theory to the APRAS technology used indoors. Ponds are only partially covered and there is only a two‐stage growout system. This limits overall production and cycles achievable per year compared to the indoor APRAS. Survival is also enhanced because of the maintenance of a stable microbial environment due to water reuse.
Bio-security is a common practice used on all animal production facilities to ensure the health and sustainability of the animals, the farm, and the business. Disease is an ever present and significant threat, and is defined as the number one technical threat to aquafarming worldwide. Procedures to prevent introductions are devised to suit the animal, farm, and operation. For aquaculture, biosecurity is defined as all practices, policies, and procedures to prevent the introduction and spread of infectious diseases and aquatic carrier organisms. Infectious diseases are those that can spread rapidly throughout a facility. It is critical, therefore, to stop infectious diseases and any carrier organisms from first entering a facility.
Biosecurity involves a series of both external and internal barriers that are first designed to prevent diseases from ever entering the site. Then, if disease enters, remedies to contain and extract the disease. In severe cases, this may include quarantine of the farm, destruction of animals, or complete shutdown.
Best Aquaculture Practices ("BAP")
BAP standards are becoming key to the sustainability policy of many wholesale and retail in response to consumer demands for responsible production and food traceability. BAP and other eco‐labeling has increased rapidly and will becoming increasingly important in countries, like China, where the concern and consumer demand for sustainable practices is rising. Tri-Way oversees financing and provides interoperating strategies, encouraging vertically integrated growth. China has problems with quality assurance in primary production, distribution and poor origin traceability, as well as low food quality. This has created a market where consumers will eventually pay significant price premiums for “BAP (Best Aquaculture Practice) Certified” seafood with brands guaranteeing quality and consistency. GAABAP certifies that our farms adhere to responsible aquaculture practices that minimize environmental impact, respect worker’s rights, and produce wholesome products sustainably.
Efficient production has achived through loTri-wayr water use because water is recycled though the system; Smaller land use because of higher densities that can be obtained and more reliable, more consistent & stable production year-round.
High Yielding, Phased Growout & Partial Harvest Strategy
By adopting the RAS technology, highly scalable, reliable, consistent, disease-free & superior quality production can be achieved.
Results in 3 times more growout cycles/year than standard RAS
Results in >10 times greater production (MT/yr) and >100 x’s greater yield (MT/unit area/yr) than pond culture
ROI is 2.5 times higher than standard RAS and 9.5 times higher than pond culture
Tri-way adopted boutique production strategies to maximize market opportunity Depuration of pond raised species to purge off flavors. Slotted production for short term grow-out to reach price break points, or dips in market supply.
Tri-way aims to become BAP certified to ensure sustainability practices and provide export market outlet which objectively confirms Tri-way's sustainability mission. BAP is internationally accepted sustainability standard denoting environmental, biological, and social responsibility.