Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


Sea Lice Laser Company Obtains Fresh Capital

  (NORWAY, 12/21/2016)

Pareto Securities has recently completed a placement in Stingray Marine Solutions AS in which the company wanted to obtain USD 2.3/3.4 million to strengthen its investments in technology for the aquaculture industry. But the offering was increased due to great interest and ended at about USD 5.2  million in new investment, giving Stingray a solid capital ahead, said Stingray in a statement.

The company produces an Optical delousing (Optical Sea Lice Treatment™) using a camera vision, advanced software and laser, that can remove individual sea louse from the fish in a gentle and efficient way.

Optical delousing is a new, gentle and sustainable method for controlling the amount of sea lice in net pens. Using camera vision, software and laser allow for fully automatic louse removal from the fish.

Investors have gotten closer insight into the company's breakthrough technology and the development for automated lice counts and safer biomass measurement.

 The Stingray node.

"We now see that farmers increasingly are aware that loss of profit, as a consequence of repeated manipulations by delousing, and is just as important as the direct and indirect treatment costs," said CFO of Stingray Marine Solutions, Geir Inge Rødseth.

Rødseth also said that those who now focuses on the revenue side as well as the expenditure side, in a short time enough to conclude that investments in the Optical Sea Lice Treatment will get a very fast return and profit.

The company revealed that has been joined by investors from Trondheim, Bergen, Stavanger and Oslo, many of them already have significant investments in the aquaculture industry.

Investor Grunde Eriksen, the investment company Altitude Capital, who represents several of the new investors, said that he is convinced by  Stringway's innovative technology and highly skilled employees.

"We believe that Stingray will provide important solutions and increased profitability for both individual farmers and automation of the entire industry", said Grunde Eriksen, who is impressed with the continuous improvement of Stingray's technology.

Stingray is a gentle alternative that improves fish welfare. With eye-protection embedded in the software and a laser that is custom-made for this purpose, optical delousing will set a new standard in automatic treatment and delousing of fish in their natural habitat.

"Now we support the company so it can grow further and help the aquaculture industry forward," he added.

"Pareto has been an advisor and facilitator in the process and we have been impressed by Stingray, their teams and ambitions, which we seem to share with the strong investors who have joined the team", says Kristoffer Jordheim, from Pareto.

Stingray Marine Solutions' CEO, John Arne Breivik said, "We look forward to developing the company further with new solutions, international commitment and not least contribute to increased profitability for all the farmers who use the Stingray's technology."

About Stingray Marine Solutions AS

 Stingray's optical delousing.

Stingray Marine Solutions AS is based on entrepreneur Esben Beck's patented idea from 2010 for the removal of sea lice by means of camera vision and laser.

It all began in his basement back in 1999. After over 10 years of deliveries to demanding oil, gas and offshore customers, it became natural to start investing in their own products.

Beck Engineering chose to establish and develop its own sea lice project, and design, produce, develop software, perform tests and installations at their own premises and based on internal resources.

Stingray Marine Solutions AS is the subsidiary of Beck Engineering, and from 2013 onwards, they continue to develop the project that has already gained significant recognition from various sources.

Source: Stingray Marine Solutions AS

[email protected]
www.fis.com


Information of the company:
Address: Staalfjaera 5
City: Oslo
State/ZIP: (NO 0975)
Country: Norway
Phone: +47 22 16 18 70
E-Mail: [email protected]
More about:


Location:



 Print


Click to know how to advertise in FIS
MORE ARTICLES
Commited to Environmentally Responsible Fishing Practices
Seafood Icon Celebrates Its 30th Anniversary
Time-Temperature Solution Perfect for Reduced Oxygen Packaging
Strong Operational Earnings for Marine Harvest in Q4
Russian Fishery Company Increases Deep Processing of Pollock on Trawlers
Red Lobster Reveals Seafood With Standards Commitments
Aquabyte Aims to Transform Fish Farming Through Computer Vision and Machine Learning
New Design for SeaPak´s Seafood Product Line Hits Shelves
Meijer Chefs Offer Tips on How to Enjoy Smoked Atlantic Salmon
SafetyChain Software and Safe Quality Seafood Associates Announce Partnership
Produttori Ittici Trevigiani Certified as Sustainable for Rainbow Trout
From Boat to Door-Step
Pacific Seafood is World’s First to Offer Four-Star BAP Oysters
Swiss Company Burgerstein Attains Friend of the Sea's Certification for Omega-3 Fish Oil
New Digimarc Barcode for Thermal Labels Simplifies Retail Checkout and Reduces Product Shrink
AFT Holdings Creates All About Healthy Foods
iFresh Announces Exclusive Agreement with Sunray Venus
Crown Prince Attains Sustanable Certification for Sardines and Anchovies
The Saucy Fish Co. Expands Into Europe
Biomega Natural Nutrients Earns Sustainable Certification for Omega-3
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Higher exports of live lobsters to Asia offset fall in sales to Europe
United States Two thirds of the live lobsters that the United States exported last year went to Asia, a percentage that reflects a growth of 36 percent year-on-year.
UN information exchange tool supports fisheries sustainability
Worldwide It is estimated that the global seafood trade is worth USD 140 billion, but overfishing and illegal, unreported and unregulated fishing are putting the health of fisheries and ocean ecosystems at high risk.
Euro-Moroccan commission relies on favorable ruling by CJEU on EU-Morocco fishing agreement
European Union The EU-Moroccan Mixed Commission of Fisheries Professionals has warned of the damage and the negative socio-economic impact that an unfavorable resolution of the CJEU would have on both parties in relation to the current fishing protocol between the EU and Morocco.
Nine more stocks than in 2017 are now fished at sustainable levels
European Union Fishing businesses in the Atlantic, North Sea and Baltic Sea are enjoying a record on profits, due to a solid recovery of popular fish stocks which were severely depleted some years ago, claims the European Commission.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER