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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


  1. Acadia Harvest Inc. (formerly RAS Corporation) Ed Robinson Chief Business Officer March 14, 2014 Acadia Harvest Inc. 1

  2. Mission Statement • To produce high quality, sustainable marine seafood using leading edge aquaculture technology to meet the world’s need for protein. Acadia Harvest Inc. 2

  3. 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 Acadia Harvest Inc. 3

  4. 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 Acadia Harvest Inc. 4

  5. Land-based aquaculture Artist’s representation of an RAS facility Coastal site for production plant (Corea ME) Acadia Harvest Inc. 5

  6. 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 Acadia Harvest Inc. 6

  7. Record line caught yellowtail Acadia Harvest Inc. 7

  8. Dining on yellowtail Acadia Harvest Inc. 8

  9. Focus Species • Black Sea Bass ( Centropristis striata) • “Ideal plate size fish,” similar to grouper • Line caught or trapped, inadequate supply • No commercial production today Acadia Harvest Inc. 9

  10. Sand worms • Sand worms ( Nereis virens) • Popular for recreational fish bait • Over harvested, variable supply and quality • Potential nutritional additive for aquafeeds Acadia Harvest Inc. 10

  11. 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 Acadia Harvest Inc. 11

  12. 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 Acadia Harvest Inc. 12

  13. 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 Acadia Harvest Inc. 13

  14. 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 Acadia Harvest Inc. 14

  15. 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 Acadia Harvest Inc. 15

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