PRESS RELEASE PR Newswire

May. 12, 2020, 05:00 PM

HONG KONG, May 12, 2020 /PRNewswire-PRWeb/ -- iCell Sustainable Co. is pleased to announce its retention of Lighthouse Finance, a global seafood and aquaculture advisory company, for the purpose of exploring capital solutions and pursuing business development opportunities.

iCell, which produces protein rich byproducts for use in aquatic and terrestrial feed products in addition to human nutritional applications through the conversion of nutrient wastewater, is targeting approximately USD 50m in new financing sources. Proceeds will be used for working capital and investment for joint ventures and water treatment facilities outside of Asia-Pacific.

"We're excited to be partnering with Lighthouse to highlight the Company's potential within the international aquaculture community," said Mark Rottman, CEO of iCell. "Their in-depth knowledge of the aquaculture value chain and extensive relationships with strategic and financial investors made Lighthouse our first choice."

iCell provides the aquaculture sector a full cycle solution which purifies water for reuse or disbursement and generates protein rich byproduct for aqua and terrestrial feeds.

About iCell Sustainable Nutrition
iCell Sustainable Nutrition Co., Ltd. is a global biotechnology platform focused on converting waste in food production systems into valuable protein products. https://www.icellsustainable.com

About Lighthouse Finance
Lighthouse Finance is a global advisory firm that specializes in capital raising, asset finance and management across the seafood value chain. We represent established and early-stage clients across a wide spectrum of industry verticals including fisheries, hatcheries, integrated aquaculture operations, production and processing businesses. The Group has offices in New York, Oslo, and Copenhagen. https://www.lighthousefinance.net   Contact：Courtney Bosh courtney@lighthousefinance.net

SOURCE iCell