Atlantic Sapphire on shortlist for European small and mid-cap awards

Published on
October 16, 2019

Atlantic Sapphire, the company planning a large salmon recirculating aquaculture system (RAS) in Miami, has reached the shortlist of nominations for the European Small and Mid-Cap Awards “Star of Innovation” category.

The company was nominated for its innovation center, located in Langsand, Denmark, which has been the center of the company’s efforts to develop its “Bluehouse” technology. Atlantic Sapphire is one of three companies on the “Star of Innovation” shortlist, and the only aquaculture company chosen among the dozen that made the shortlists for the various awards.

“Atlantic Sapphire’s land-based operations present a successful business case in bringing technology innovation to salmon farming,” Florence Bindelle, the secretary general of EuropeanIssuers, said. “With a strong focus on research and development, its Denmark facility delivers the most environmentally sustainable salmon production. In the near future, the company aims to transform the U.S. market upon completion of its Miami facilities, the world’s largest land-based farm equipped with the latest technology.”

The objective of the European Mid-Cap Awards is to promote small- and medium-size enterprises (SMEs) in Europe that have gained access to markets via initial public offerings.

“As the basis for entrepreneurship, jobs, and growth, SMEs require a favorable environment which meets their financing needs, in particular when accessing markets,” the award’s website states. “The awards showcase the diversity of European markets, and aim to promote stock listings, in particular targeting SMEs and growth companies. These companies are critical to European economic recovery and to accomplishing the E.U.’s goals of job creation, competitiveness, and growth.”

The award winner is decided by an independent jury moderated by the European Commission, with an awards ceremony announcing the victor on 12 November in Brussels, Belgium.

“Atlantic Sapphire is honored to be considered as an example of how mission-driven companies can drive superior returns for investors while making a difference for the stakeholders and communities in which they serve,” Atlantic Sapphire said in a press release.

Atlantic Sapphire is on track to have its first batch of salmon ready from its Miami, Florida location in the fourth quarter of 2020. Some of the company’s growth came from its listing on the Oslo Stock Exchange.

“Supporting SMEs in accessing finance through public markets is essential,” Rainer Riess, director general of the Federation of European Securities Exchanges. “It is rewarding to see companies like Atlantic Sapphire excel and grow after having listed on the Oslo Stock Exchange. Companies such as Atlantic Sapphire are part of the backbone of the European economy and are vitally important in supporting growth.”  

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