Highlights:
NZCS has entered a Supply Agreement with leading seafood supplier, Talley's Limited, for bone-in and boneless Ling Maw, Green-Lipped Mussel meat and Ling and Hoki Fish Skin products.
The Supply Agreement further secures NZCS's supply of raw seafood, as the Company enters the next stage of growth, with further high value purchase orders anticipated over the coming period.
Under the Supply Agreement, Talley's will supply seafood products to NZCS with pre-determined maximum quantities and product pricing, with the committed quantities representing circa 50% of the Company's current annual production capacity.
New Zealand Coastal Seafoods Limited (ASX:NZS) ("NZCS", the "Company") is pleased to announce that the Company has entered into a Supply Agreement ("Supply Agreement") with Talley's Limited ("Talley's") for bone-in and boneless Ling Maw, Green-Lipped Mussel meat and Ling and Hoki Fish Skin products.
NZCS has been working with Talley's for several years and, until now, has relied solely on its established relationship for its supply of raw seafood without any formal agreements in place. The Supply Agreement now further secures NZCS's supply of raw seafood from a reputable business, significantly de-risking the supply side of the business as the Company enters the next stage of growth.
