On, Monday May 13 2013, Sustainable Reefs secured investment capital that will allow us to upgrade our Coral Aquaculture facilities to meet anticipated future demand. The upgrade will provide improvements in production capacity, filtration and automation of control systems.
Sustainable Reefs Business Development Manager, Garrett Crabbe said, “We have been negotiating with investors for some time now and securing the capital is our first step forward. Sustainable Reefs will now have the capacity to upgrade our infrastructure and make significant improvements to our quality control and production capacity. We will have the ability to ramp up production from Jun/Jul onward.” He also added “We can now negotiate firm supply agreements with our clients in the knowledge we can deliver cultured coral in greater quantity over shorter time frames”.