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
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in mortality costs across
4 nations (2013–2019)
Dead Loss Report — Just Economics
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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.
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.
Aqua Intel
Combines All
pH + NH₃ + CO₂ + Alkalinity + Omega — all interactions in one chart. Change any parameter and see the impact instantly.
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.
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
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improvement in feed efficiency
with IoT monitoring
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reduction in mortality
with automated monitoring
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early warning before
critical failures
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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.
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
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Global RAS market (2025)
→ $10–17B by early 2030s
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Commercial RAS installations
Up 30% from 2020
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Raised in land-based deals
Jan–May 2025
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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
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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