Nocera, Inc. and VIE Meixin Institutional Food Development Co. Ltd. enter into a distribution agreement with Farmers Vending Machine Co. Ltd.



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This distribution agreement allows Nocera to sell seafood, fruits and vegetables with an expected gross monthly revenue of $1,000,000.

TAIPEI, TAIWAN / ACCESSWIRE / October 4, 2022 / Nocera, Inc. (NASDAQ: NCRA) (“Nocera” or the “Company”), a fully integrated sustainable seafood company focused on the manufacture and operation of land-based recirculating aquaculture systems (RAS ), today announced that the Company and Meixin Institutional Food Development Co., Ltd., the variable interest entity of Nocera (“Meixin”), have entered into a distribution agreement with Farmers Vending Machine Co. Ltd. . (“Farmers”) on September 26, 2022. Under this agreement, Farmers, an affiliate of Cathay International Holding Limited, agreed to purchase approximately $1,000,000 worth of food products from Nocera and Meixin each month beginning on October 1, 2022.

Meixin is a well-established food processing and catering company focused on the production of hot and frozen meals, bento boxes, group meals, and vegetable and fruit processing for other companies in the same industry.

Prior to this distribution agreement, Farmer’s mainly sourced from small local farmers and sold items through its vending machines located at train stations. Farmers is looking to expand its vending machines in department stores and open its own factory outlets across Taiwan.

Jeff Cheng, CEO of Nocera, commented, “This distribution agreement not only provides a better price for farmers, but is also expected to give Nocera monthly gross revenue of $1,000,000. For 2023, we expect our deal to generate more than $12 million in gross revenue for the company. We want to provide the best seafood and produce available to our current and future customers and we believe that will happen as Farmers continues to open additional outlet stores. »

About Nocera, Inc.

Nocera (NASDAQ: NCRA) is a fully integrated sustainable seafood company that provides land-based recirculating aquaculture systems (RAS) for freshwater and saltwater fish and invests in fish farms by building high-tech RAS. The Company’s main business activity is the design, development and production of large-scale RAS aquarium systems (aquaculture) for fish farms, as well as expert consulting, technology transfer and Aquaculture project management for new and existing aquaculture facilities and operators. . For more information, please visit the company’s website at www.nocera.company

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements that are inherently subject to risks and uncertainties. All statements contained herein that are not historical facts are forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995. Words such as “anticipate, believe, estimate, expect, forecast , intend, , predict, should, will” and similar Nocera-related expressions are intended to identify such forward-looking statements. Such risks and uncertainties include, but are not limited to, general economic and business conditions, the effects of ongoing geopolitical unrest and regional conflicts, competition, changes in marketing methods, manufacturing or distribution delays, changes in customer ordering habits, changes in customer mix of offerings and various other factors beyond the company’s control. Actual events or results may differ materially from those written in this press release due to any of these factors. Nocera undertakes no obligation to update or change its forward-looking statements, whether as a result of new information, future events or otherwise.

Investor contacts:

Hannover Int’l
[email protected]

TraDigital IR
Christine Petraglia
[email protected]

THE SOURCE: Nocera, Inc.

See the source version on accesswire.com:
https://www.accesswire.com/717591/Nocera-Inc-and-VIE-Meixin-Institutional-Food-Development-Co-Ltd-Enter-into-Distribution-Agreement-with-Farmers-Vending-Machine-Co- ltd

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