Acadia Harvest Inc. (formerly RAS Corporation) Ed Robinson Chief - - PowerPoint PPT Presentation

Acadia Harvest Inc.

(formerly RAS Corporation)

Ed Robinson Chief Business Officer

Acadia Harvest Inc.

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March 14, 2014

Mission Statement

• To produce high quality, sustainable marine

seafood using leading edge aquaculture technology to meet the world’s need for protein.

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Building blocks

• Indoor, recirculating technology for optimum

growth and bio-security

• Premium, traceable seafood in niche markets
• Novel waste treatment and feeds for

sustainability and consumer demand

• Partnerships with U Maine CCAR, MTI, CEI and

NSF

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R&D Focus

• Waste treatment – process fish wastes using

marketable marine species - invertebrates, algae and shellfish

• Sustainability – alternative sources of protein

and nutrients for species specific feeds minus forage fish

• Intellectual property – innovations yield

patents & improved economics

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Land-based aquaculture

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Artist’s representation

• f an RAS facility

Coastal site for production plant (Corea ME)

Focus Species

Yellowtail amberjack (Seriola lalandi)

• rising demand in Asian restaurants (sushi, sashimi)
• primarily cage cultured in Japan, red labeled
• strong demand for fresh Maine product
• global market 352 million pounds

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Record line caught yellowtail

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Dining on yellowtail

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Focus Species

• Black Sea Bass (Centropristis striata)
• “Ideal plate size fish,” similar to grouper
• Line caught or trapped, inadequate supply
• No commercial production today

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Sand worms

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• Sand worms (Nereis virens)
• Popular for recreational fish bait
• Over harvested, variable supply and quality
• Potential nutritional additive for aquafeeds

Milestones

• Cultured 850 black sea bass and sand worms

without conventional waste treatment

• 1000 yellowtail amberjack test marketed
• $125K development loan by MTI
• $100K equity and debt financing by CEI
• $150K NSF SBIR Phase I IMTA project complete
• $225K NSF STTR Phase I for aquafeed trials
• Purchase option on 6.8 acres in Corea ME

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Development Plan for Business

• 2014
• 10-12,000 yellowtail sales
• NSF STTR Phase I feed trials
• NSF SBIR Phase II grant for IMTA?
• Design commercial production plant
• 2015 - finance and build production plant
• $7.5 million estimate
• 2016-8 - multiple sites via internal investment,

partnering, licensing

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Management Team

• Chris Heinig, CEO

– Marine biologist, 40 years with mussels, oysters, steelhead trout – MER Assessment, environmental monitoring services

• Tap Pryor, Chief Scientist

– Marine biologist, 60 years with fish & mollusc aquaculture – Founder of Hawaii’s Sea Life Park and Oceanic Institute, Hawaiian State Senator, Founding Director of NOAA

• Ed Robinson, Chief Business Officer

– 30 years life sciences in pharmaceuticals, biotech and industrial enzymes – Business development, sales, management in 40 countries

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Leadership Depth

• Board of Directors - Des FitzGerald (Ducktrap

River Fish Farm), John Pavan (real estate/finance), and Dick Clime (CEI)

• Scientific Advisory Board – Dr. Nick Brown

(CCAR), Dr. Barry Costa-Pierce (U New England), Dr. Jean-Paul Cadoret (IFREMER)

• Marketing – Tony Barrett
• SCORE – Alan Shaver

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Contact Information

• Chris Heinig
• Phone 207-798-7935
• Email cheinig@merassessment.com
• Ed Robinson
• Phone 207-522-9342
• Email erobin77@gmail.com
• www.acadiaharvest.com

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