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 meet the world’s need for protein. Acadia Harvest Inc. 2
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
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
Land-based aquaculture Artist’s representation of an RAS facility Coastal site for production plant (Corea ME) Acadia Harvest Inc. 5
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
Record line caught yellowtail Acadia Harvest Inc. 7
Dining on yellowtail Acadia Harvest Inc. 8
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
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
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
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
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
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
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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