M A R I T I M E|L A N D B A S E D|E N V I R O N M E N T A L

AQUA INTEL

Water Quality Management Intelligence
Noras Watertech AS
Moreneveien 1, 3158 Andebu, Norway
+47 911 77 787
Norwegian Government Co-Funded Validated at 100–120 kg/m³
Investor Presentation • 2026
Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

THE PROBLEM

A $15.5 Billion Crisis the Industry Cannot Afford to Ignore
0
farmed salmon died globally
2012–2022
Nature Scientific Reports, 2024
0
in mortality costs across
4 nations (2013–2019)
Dead Loss Report — Just Economics
0
fish deaths in Norway alone
in 2023 (record year)
Norwegian Directorate of Fisheries

Parameter Blindness

Current systems show pH, NH₃, CO₂ in isolation. But these interact — adjusting one shifts others into danger.

Multi-System Chaos

Modern RAS facilities run 2–8 independent loops. Each has its own chemistry. Exponentially harder to manage.

Workforce Crisis

RAS facilities are in remote locations. Qualified operators nearly impossible to find.

Multiple RAS systems
Real RAS facility — multiple independent systems
Aqua Intel • From Problem to SolutionParameter Blindness → Intelligence

This Is How Most Systems Work Today

Three separate charts. No way to see interactions.
pH
TAN
CO₂

Aqua Intel
Combines All

pH + NH₃ + CO₂ + Alkalinity + Omega — all interactions in one chart. Change any parameter and see the impact instantly.

Layers
Current State
8.20
3.0
1.0
15
15
Target
7.50
2.5
Aqua Intel — Live Combined Chart
Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

THE COST OF FAILURE

Every Major RAS Facility Has Experienced Catastrophic Water Quality Events

Atlantic Sapphire — Denmark & Florida

5+ mass mortality events (2020–2023). 500K fish killed by toxic gas in single incident. $167M net loss in 2024. Share price crashed 80% in one day.

Sustainable Blue — Nova Scotia

CO₂ stripper collapsed Nov 2023. 100,000 market-ready salmon dead. $3.7M loss. Supply halted for 7 months.

Proximar Seafood — Japan

Automated valve malfunction caused oxygen depletion. 170,000 fish killed. Multiple prior biofilter incidents.

AquaBounty — USA

Costs ballooned from $200M to $375M. Ceased all operations Dec 2024. Sold all facilities. CEO stepped down.

Source: SalmonBusiness, SeafoodSource, The Fish Site, CBC News (2020–2025)
Aqua Intel • The SolutionMulti-System Management

Imagine Managing 4 Systems At Once

Each system has independent water chemistry. Aqua Intel manages them all.
System 1
System 2
System 3
System 4

60+ Scientific Functions

Built on scientifically validated water chemistry. Connects to any sensor infrastructure. Monitors all parameters and interactions.

Continuous Monitoring

Tracks all parameters and chemical interdependencies in real time across every RAS loop. One dashboard for all systems.

Instant Recipes

Models 9 chemicals simultaneously. Generates 1–6 optimum management recipes per scenario. Data to decision in seconds.

Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

COMPETITIVE LANDSCAPE

"Why Doesn't This Already Exist?"

What Others Do

  • Monitor individual parameters in isolation
  • Display raw sensor data on dashboards
  • Set simple threshold alarms (high/low)
  • Require manual interpretation by operators
  • No understanding of chemical interactions
  • No actionable recommendations

What Aqua Intel Does

  • Models the full complexity of water chemistry
  • Calculates derived toxic forms in real time
  • Maps safe/toxic zones per species and life stage
  • Generates optimum management recipes
  • Manages 2–8+ systems from one dashboard
  • 60+ scientific functions powering the platform
Only 30–40% of existing facilities use continuous automated monitoring. IoT-based systems reduce mortality by 34%. The gap is massive — and Aqua Intel fills it.
Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

VALUE PROPOSITION

Measurable Impact for RAS Operators
0
improvement in feed efficiency
with IoT monitoring
0
reduction in mortality
with automated monitoring
0
early warning before
critical failures
0
systems managed
from one dashboard

Reduce Operating Costs

Calculates CO₂ values to eliminate redundant sensors. Optimizes chemical dosing.

Prevent Catastrophic Loss

Proactive monitoring. Each €300M facility holds millions in biological assets at risk.

Accelerate Decisions

Hours of manual calculation → instant visual intelligence. Data to decision in seconds.

Scale Without Complexity

2, 4, or 8+ independent RAS loops from one platform. Complexity doesn't grow linearly.

Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

INNOVATION

60+ Water Chemistry Functions — A Unique Analytical Engine
Norwegian Government Co-Funded Project Validated on Arctic Charr at 100–120 kg/m³

The Aqua Intel Chart

Every interaction, every chemical relationship — unified in one chart. Red/orange = toxic. Green = safe. 9 chemicals with unique directional angles.

This is not a dashboard. It is a decision engine.

NH₃ Toxicity × pH

Calculates equilibrium between toxic NH₃ and non-toxic NH₄⁺ as function of pH and temperature.

CO₂ × pH Modeling

Computes CO₂ from other parameters. Reduces sensor costs. Eliminates the most expensive monitoring gap.

High density Arctic Charr
Arctic Charr at 100–120 kg/m³ — validated in production
Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

BUSINESS MODEL

Recurring Revenue with High Gross Margins

CORE REVENUE

Software License (SaaS)

Annual/monthly subscription per facility. Scales with RAS loops. Predictable recurring revenue.

TECHNICAL

Sales & Integration

On-site assessment, sensor integration (SCADA, PLCs), custom deployment. Deep customer relationship.

HIGH MARGIN

Consulting & Advisory

Premium water chemistry optimization and RAS management consulting. Deepens customer lock-in.

Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

MARKET OPPORTUNITY

A Multi-Billion Dollar Market with Explosive Growth
0
Global RAS market (2025)
→ $10–17B by early 2030s
0
Commercial RAS installations
Up 30% from 2020
0
Raised in land-based deals
Jan–May 2025
0
Typical cost of a
20,000t RAS facility

WQ Monitoring

$437M–$1.2B today → $786M–$2.8B by 2030–2033. Software = 30% of revenue.

Precision Aquaculture

$789M → $1,435M by 2030 (11.1% CAGR). Europe = 22% of global market.

Europe RAS

€842M → €1,483M by 2031 (7.3% CAGR). Norway leads.

Production Target

200,000 tonnes land-based salmon by 2030 — 5% of global supply.

Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

TOTAL ADDRESSABLE MARKET

Beyond RAS — Four High-Growth Segments

RAS Farms (Land-Based)

$83B → $217.5B by 2034 (11.3% CAGR)
Increasing adoption for year-round production and disease control. High need for automation and stable water conditions in closed systems.

Relevance: Critical for operational stability and biosecurity.

Cage Farms (Marine/Sea)

$382M → $1.12B by 2033 (12.5% CAGR)
Expansion into offshore, exposed sites. Need for remote management, real-time water quality, fish health monitoring.

Relevance: Remote monitoring and data-driven decisions in marine environments.

Pond Farms

$690M → $2.01B by 2035 (12.94% CAGR)
High stocking densities and disease risks in Asian shrimp/fish ponds. Automated monitoring to improve yields and reduce losses.

Relevance: Real-time data to prevent losses and optimize feed.

Ocean/Fjord Monitoring

→ $23B by 2037
Government regulations, pollution control, ecosystem conservation. Used by research institutes for environmental impact assessments.

Relevance: Compliance, research, water body health monitoring.

Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

GO-TO-MARKET

Multi-Channel Sales with Technical Depth

Direct Sales

On-site demos, sensor integration, ROI-driven proposals to RAS operators.

Insurance Partners

Risk-reduction. Insurers require real-time monitoring for mortality coverage.

Aquariums & Education

Public aquariums, research facilities, universities.

01

Norway

160+ RAS farms. Anchor in world's most advanced aquaculture market.

02

Nordics & Europe

Scotland, Denmark, Iceland. 3 major facilities under construction.

03

Americas & APAC

US, Canada, Asia via partnerships with RAS OEMs.

04

Global Standard

Industry standard for water quality intelligence.

Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

PRODUCT ROADMAP

From Current Platform to Global Scale
Q1–Q2 2026
VALIDATE
Deploy with pilot users • Collect feedback, refine UX/UI • Validate safe/toxic zones across species • Establish baseline KPIs
Q3–Q4 2026
DEPLOY
First commercial customers • Sensor integration with major hardware brands • Multi-system dashboard for 2–4 RAS loops
H1 2027
SCALE
Expand to 8+ simultaneous systems • API integrations • Insurance partnerships • Aquarium vertical launch
H2 2027+
GROW
AI-driven predictive analytics • Automated dosing pump integration • Multi-language for global markets • Mobile app
Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

THE TEAM & PARTNERS

Deep Domain Expertise Backed by Industry Partners

Founder / CEO

Architect of 60+ water chemistry functions. Combines hands-on RAS operations with software development — a rare intersection competitors cannot replicate.

Technical Team

Software development, water chemistry engineering, RAS operations. Sensor integration, real-time analytics, scientific modeling.

Strategic Partners

Noras Watertech

Parent. RAS engineering & construction. 15+ years.

MoreFish AS

Aquaculture platform. Strategic integration partner.

[Partner 3]

Sensor / hardware integration.

[Partner 4]

Insurance / financial services.

Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

REGULATORY TAILWINDS

The Voluntary Monitoring Era Is Ending

EU Digital Traceability

Full digital traceability for fresh aquaculture effective January 2026. Processed by 2029.

Norway 2025 Agreement

"Improved monitoring through new technology and automatic data transfer from farmers to authorities."

Traffic Light System

25% of Norway's zones "red" in 2023 — requiring production cuts and stricter monitoring.

Insurance Requirements

Real-time monitoring becoming a prerequisite for mortality coverage.

Aqua Intel sits at the exact intersection of market need and regulatory mandate.
Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

INVESTMENT OPPORTUNITY

Join Us in Building the Intelligence Layer for Global Aquaculture
0
Total project funding
50% Norwegian Government Grant

Proprietary Technology

60+ functions. Years of R&D. Competitors cannot replicate.

Explosive Market

RAS doubling to $10–17B. $1.3B invested in H1 2025 alone.

Scalable SaaS

Per-facility licensing. Recurring revenue. Software = 30% of market.

Regulatory Catalyst

EU 2026 mandate + Norway data transfer = monitoring becomes mandatory.

Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

USE OF FUNDS

Capital Deployment Plan
40% Sales & Marketing
35% Product Dev
15% Ops
10%

40% — Sales & Marketing

Technical sales team, channel development, conferences, digital marketing, insurance partnerships.

35% — Product Development

Platform hardening, sensor integrations, AI features, mobile app, API ecosystem.

15% — Operations

Infrastructure, customer success, support.

10% — G&A

Legal, accounting, contingency.

Y1

Norway anchor customers. Build sales team. Validate pricing. Insurance pilots.

Y2

Europe expansion. Aquarium & education verticals. Scale recurring revenue.

Y3

North America & APAC. Establish Aqua Intel as the global standard.

Aqua Intel • Noras Watertech AS • Water Quality Management Intelligence

ROI & EXIT

How Investors Realize Returns

Strategic Acquisition

RAS manufacturers, aquaculture corporations, water tech companies. Proprietary tech + installed base = strategic value.

Growth-Driven Valuation

SaaS model drives compounding valuation. ARR scales through geographic expansion.

Secondary / PE Exit

Proven tech, recurring revenue, multi-billion market = attractive PE target.

Maritime   |   Landbased   |   Environmental

Thank You

Water Quality Management Intelligence

Noras Watertech AS
Moreneveien 1, 3158 Andebu, Norway
+47 911 77 787
Confidential • For Investor Use Only
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