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

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

Acadia Harvest Inc. (formerly RAS Corporation) Ed Robinson Chief Business Officer March 14, 2014 Acadia Harvest Inc. 1 Mission Statement To produce high quality, sustainable marine seafood using leading edge aquaculture technology to


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Acadia Harvest Inc.

(formerly RAS Corporation)

Ed Robinson Chief Business Officer

Acadia Harvest Inc.

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March 14, 2014

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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)

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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
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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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