Prospect presentation aquaponics rev January 5 2020.

1. Norwegian Aquaponics AS
Modularized sustainable
biosphere for production
of combined fish, lobster
and vegetables- where it
is to be consumed.
A safe traceable and
environmentally friendly
production.
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Norway has a long tradition in
cultvating seafood

2. Norwegian Aquaponics AS
Our Product and service
Sustainable production of vegetables and seafood in a standard biosphere module is our product. Such biosphere
module will be cost effective ,none polluting and located at or close to the consumer whether in an industrialized or
none industrialized country. We want to produce and consume food where people live, reuse nutrients from fish/aqua
creatures to grow vegetable in a controlled and safe environment and avoid pollution to the environment.
We want speciality high quality advanced food products to be made locally that can be grown safe and with full
traceability of nutrition’s, feeding and growth in a controlled biosphere. Additionally, about 800 million people
globally are in lack of food to have a healthy life. This people need help where they are situated and such modularized
biospheres, hydroponics and aquaponics systems can address this.
We maintain an agreed licence on a patent and collaboration agreement for a fully self sustained and integrated
modularized system, based on 30 feet ISO containers. The system is primarily operated on renewable energy in form of
solar cells and controlled by operators locally or for that case remotely by an ipad or computer. The concept
engineering is complete.
BIOFORSK, Norway, a Norwegian Government research body, is a member of our team and will provide experience
from their operation of an open aquaponics system. A US/Canadian corporation which we also are collaborating with
are currently operating a large facility in Canada and has agreed to provide their experience basis into the project.
Additionally two US corporation are being collaborated with regarding technological solution and selection of aquatic
spices. Several end companies have shown their interest in participating in the project, supplying hardware and system
competence. The dedicated project staffing will be based on experienced personnel. Several end users have shown
their interests.
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3. Norwegian Aquaponics AS
Key facts about aquaponics
The aquaponics industry is a new industry, whereby no fully integrated large scale fully automated system has
been designed and operated, although one of our collaborating partners have full-scale tested a system for
more than a year. We therefore believe our idea and extensive patent application can set a basis for the
industry standard and as such allow for Norwegian Aquaponics a.s. to have a good market position.
Modularized systems with an integrated aquaponics system typical for applications from Urban, farming, inland,
desert, rural usage, military, rescue camps - all self sustained and with food safety and security in mind. Notice
the solar cells for self- supplied renewable energy (see solar cells on top of roof). One of our technology experts,
located in Canada, has been operating a large 5000 sq feet aquaponics facility for the last two years. BIFORSK,
our Norwegian partner in biology, has also been operating a test aquaponics system for the last four years.
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4.  Can be placed anywhere and primarily be
self supported. This includes; desert,
mountains, farms, land, city, towns,
military or rescue camps, and at your local
fish supplier.
 Typical production of 8000 kg lobster and
more than three times in vegetables.
 Patent exciting on a modularized
technological concept.
 Local employment for operation or fully
automated.
 Directly from production to the plate
exactly as required and with no logistics
and transportation.
 System integration, biology, project
execution is our strength.
 Fish food in form of pellets can be dry-
stored for more than 6 months.
Norwegian Aquaponics AS
Place it anywhere and operated remotely or by local employment
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5. Figure to the left is showing a typical aquaphonic freshwater system and the figure to the right
shows a saltwater application. Thus the basic principle is a closed loop biosphere with a
combination of fish and plants, whereby the plants are utilizing the nutrients generated by the
fish, acts as a biological filter in combination with natural bacteria and return water to fish. The
complete cycle is well monitored by sensors and controlled ensuring optimal conditions.
Norwegian Aquaponics AS
Fresh- or salt water bio cycles
Aquaphonic saltwater cycle
Fishproducewaste
Bacteria converts
waste to
fertilizer
Seaweed and
algaes filter water
and returns to the
fish
Harvesting
Cod
Aquaphonic freshwater cycle
Salmon/Trout
Fishproducewaste
Bacteria converts
waste to
fertilizer
Plants filter water
and returns to the
fish
Harvesting
Figure to the left is showing a typical aquaponic freshwater system and the figure to
the right shows a saltwater application. Thus the basic principle is a closed loop
biosphere with a combination of fish and plants, whereby the plants are utilizing the
nutrients generated by the fish, acts as a biological filter in combination with natural
bacteria and return water to fish. The complete cycle is well monitored by sensors and
controlled ensuring optimal conditions.
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Basic
principle

6. Norwegian Aquaponics AS
Norwegian Aquaponics AS - Investment case
High market potential
 The market potential is significant for an integrated system, at low cost whereby self
supplied fresh fish/lobster and plants are available, were by no critical transportation,
food safety and pollution are issues.
 Markets include; City, local fish suppliers, speciality stores and restaurants, towns, farms,
military and rescue camps, deserts, mountains or forests etc.
 Potential end-users have requested information about design, creature and plant
species, prices delivery etc.
Integrated solution
 A fully integrated container solution is housing all essentials for operating and controlling
the aquaponics system based on mainly renewable energy systems, making it
independent from the power grid.
Long experience in system engineering
 We have been in the field of system engineering since 1996 and is a specialized company
on achieving effective fully integrate automated systems. The conceptual engineering
and design with calculations are completed.
IPR
 Collaboration agreement with US company holding a patent.
 Patent pending on the fully integrated container concept based on renewable energy.
The patent is wisely extensive in it´s claim and form.
Market
potential
Sustainable
solution
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7. Norwegian Aquaponics AS
Investment case continues
Fully integrated container module solution
 A fully integrated container solution is housing all essentials for operating and controlling
the aquaponics system based on mainly renewable energy systems, making it
independent from the power grid.
Pilot test completed (none automated)
 Proven results from a full-scale container pilot tested in the US and a full-scale
aquaponics system tested in Canada as well as Norway.
Automated with limited personnel intervention
 The operation is designed to be partly or fully automatic with limited personnel
intervention. High number of sensors and cameras for wireless to PC/Ipad.
 Optionally more manual systems will be available.
Typical production from container system
 A set of 3 30 feet containers in system having 50 modules for lobster producing, with
stretch target, 8000 kg lobsters per year (Typical growth is 30-40 lobsters /sq meter) and
typically 20000 kg vegetables. A container system with 3 coupled containers as shown
on the drawing will typically have a sale price of NOK 2 500 000,-
Fully
integrated
solution
Limited
personnel
intervention
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8. Norwegian Aquaponics AS
Investment case continues
Biosphere functionality
 Theoretical work and assessment of the most efficient types of plants and aqua creatures
to ensure the biosphere acts at it´s optimum in corporation with BIOFORSK, Norway,
Urban space aquaponics Canada, US corporation and University of Iceland. Conceptually
evaluated; Lobsters Tilapia, Baramundi, Salmon and Trout. Bio filter system parameters
and flow based on experience data.
Dedicated employees and contractors
 All contractors and collaborators with signed agreements with have extensive bio
technology experience. All bio consultants having operated aquaponics systems for
extended period of time to gain operating experience and ensuring healthy none stressed
operations.
 Dedicated employees have a high number of years of experience within the field including
oil and gas and offshore , including PhD in biology, system engineers, dedicated and signed
up sub suppliers of equipment and systems.
 Corporate value is set at NOK 20 000 000.- Ownership in stocks reflecting this value.
Biosphere
functionality
Experienced
personnel
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9. Modularized system design from Norwegian Aquaponics AS
Technology and service
Norwegian Aquaponics AS
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10. Norwegian Aquaponics AS
Technology and service
Standardized solution
• Aqua and plant design
modules, including controls
modules and filters are rack
based and may be used inside
containers and or in purpose built
facilities or existing buildings.
• Module based units, expandable with
additional units.
• All sub modules positions are
interchangeable
• Flexible hoses attached in the
ceiling allow for flexible use and movements
of modules
• Cleanroom standard and bio isolation
available as solution
• May be outfitted with solar cells and other
sustainable solutions
• May be transported and handled as standard
ISO containers on sea and land.
• Lifting and handling DNV certified
Modularized design
• Use of standard ISO
containers.
• Standard racking
modules for creatures
and plants.
• Automatic integrated
controls with wireless
communication.
• High number of sensors
and cameras.
• Standard hydroponics bed
systems.
• Insulated and coated.
containers with reflective paint.
• Environmentally closed system.
• Very efficient use of nutrients.
• No pollutants-if any bio problem it is a local
issue.
• No mixing with natural spices.
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11. Norwegian Aquaponics AS
Technology and service
HMI interface with Aquaponics process layout
Screen for sensor status and healthy conditions Process parameters from remote device
Interface with any computer or device
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12. Norwegian Aquaponics AS
Highlights- three years corporate plans
Commercial pilot to be fabricated and tested
Design and fabrication engineering
 Design and engineering (May – November 2019 ) of pilot test container system with fully
functional instrumentation.
Order of sub components and programming of controls
 Place order for sub components for the container by November 2020.
Assembly and commissioning testing
 Assembly and testing of container, December - March , 2021.
 Commissioning and integrated test of system for a period of 3 months. (February-April)
Pilot verification and testing
 Verification testing and stocking , March , 2021.
 Fully integrated test to take place, initially a period of 9 months. (March – December)
Pilot design
To be
Complete
System to be
verification
tested
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13. Norwegian Aquaponics AS
Highlights - three years corporate plan
Staffing
Staffing consisting of; 1 Project manager/ system specialist (PhD), 1 biologist
(PhD), 1 system engineer , 1 design engineer + work at partner corporations
and consultants. 1 marketing and sales individual. All personnel have already
been dedicated.
Marketing and sales
Continue the marketing and sales with organizations and individuals. Use of
the Norrønt a.s. established international marketing and sales organization in
Europe, US and Canada and Africa. Asia to follow. Market segments will
include;
Local fish suppliers in cities.
Speciality stores and restaurants.
Individuals wanting a new sustainable business.
Farms-small and bigger size.
 Military and rescue camps.
Speciality places such as remote deserts, mountains or forests etc.
Dedicated
personell
Marketing
and sales
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14. Norwegian Aquaponics AS
Highlights - three years corporate plan
Financing
Phase 1; Financed by Norrønt AS; Establishing international commercial
agreements,, technical design and specifications, collaboration agreements
with US and Canadian technology companies, IPR work agreement,
agreement with supplier of aquatics species, consultant agreements with
Bioforsk, University of Iceland, pilot container system completed and operated
for a year, and incorporating Norwegian Aquaponics AS (100% owned by
Norrønt a.s. as of today).
Phase 2; Investors to provide funding of 5 million NOK for stocks in Norwegian
Aquaponics AS. Funding will in general be allocated as project money and used
for detailed engineering, manufacturing and testing of the Pilot. Norrønt a.s
will execute the project. All commercial results from Pilot operation and
testing shall be the ownership of Norwegian Aquaponics a.s. Capital to be
available January/March 2020. Additional grants to be applied for.
Phase 3; Selected investors to invest additional NOK 2,5 million into Norwegian
Aquaponics AS by November 2021. This amount will be matched with a 2,5
million “soft loan” from Innovation Norway and or other investment sources.
Capital to be used for testing, sales and marketing, coordination, operations
and administration, Government approvals. That means operation after initial
Pilot verification the product is ready for commercial sales.
Financing
Effective
operation
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15. Financials 2016 - 17
Cost average NOK 1 000 / Hour
COMMERCIAL PILOT PROJECT 2020 - 2021 Milstones
Define culture and parameters NOK 382 000 September 1 2020
Design of container « 385 000 November 1 2020
Container systems « 400 000
System engineering « 665 000 November 1 2020
Installation in container « 50 000 November 1 2020
Control systems « 213 000 December 1 2020
Main components ordered « 1 480 000 November 1 2020
Hook up and commissioning « 354 000 March 15 2021
Testing of system « 128 000 March 1 2021
Pr-run and testing « 64 000 March 15 2021
Test with selected fish/shellfish and plants « 360 000 June 15 2021
Test « 380 000 December 15 2021
Analyses of results and « 190 000 December 15 2021
Sum project costs NOK 5 051 000
Potential Gov. tax refund « 1 000 000
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Norwegian Aquaponics AS
* Overall plan for the whole period showing activities, costs and responsible partners available
Finances of phase 2 pilot 2016/2018

16. Norwegian Aquaponics AS
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Finances based on sales 2021 - 2025
2022 2023 2024 2025 2026
Units 10 20 40 100 200
Net sales income 18 000 000 36 000 000 72 000 000 180 000 000 360 000 000
Operating Ex 14 000 000 28 000 000 56 000 000 140 000 000 220 000 000
Result 4 000 000 8 000 000 16 000 000 40 000 000 140 000 000
Budgets/sales estimates for 2022- 2026 showing incomes, costs inclusive production,
sales and marketing, administration. More details available. All numbers in NOK
(Norwegian Kroner)

17. Norwegian Aquaponics AS
Investment opportunity contacts
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Norwegian Aquaponics AS
Sindre Zeiner - Gundersen
Phone: +47 979 67 000
Mail: sindrezg@norront.com
Norwegian Aquaponics AS
Dag Herman Zeiner – Gundersen
Phone: +47 901 77 007
Mail: norr-a@online.no
Senior advisor
Leif Agnar Ellevset
Phone: +47 913 33 000
Mail: leif@ellevset.no

18. Norwegian Aquaponics AS
Project and commercial organization 2019-25
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DIRECTOR
Dr. Dag Zeiner-Gundersen
PROJECT MANAGER
Dr. Carol Wenzel
SYSTEM
ENGINEERING
BIO
ENGINEERING
FABRICATION
MARKETING
SALE
Note; The team is intended to continue from Pilot
verification through the commercializing phases.
1. Technical Manager: Sindre
Zeiner- Gundersen
2. Biology; Siv Lene Gangnes
3. Engineer: Kryztof Boroviec
4. Design manager: Erin Wessel
5. Control and instrumentation :
Tom Grimseth
6. Urban Space Aquaponics and
US Container systems.
1. Bioforsk: Siv Lene Gangnes
2. Urban Space Aquaponics
3. University of Island
4. US partners on technology
and bio experience
1. Manufacturing
coordinator; Norrønt a.s.
2. Assembly; TBD
3. Manufacturing; TBD
4. Sub suppliers: TBD
1. Sales Norway; TBD
2. Sales organization in
place for for, Canada,
Norway, Germany,
Kenya, UK, Sweden and
Finland.
Board of
Directors

19. Norwegian Aquaponics AS
The project management
Project manager Dr. Carol Wenzel, Canada
Carol Wenzel received her BSc and MSc in Biology from Carleton University in Canada, and her PhD in Plant
Biology from the Australian National University. She is currently doing post-doctoral research on the genetic and
hormonal basis of plant vascular development. She has a broad research experience including studies on the
developmental cell biology of plant vascular development, and leaf and root formation. Her areas of expertise
include plant biology, hormone physiology, cell cycle and cytoskeletal cell biology, anatomy, microscopy, genetics,
molecular biology, hydroponics and hydroponics.
Project director, Dr. Dag Herman Zeiner-Gundersen, Norway
Dag Herman Zeiner-Gundersen learned about the oil and energy industry while pursuing a Master of Science in
marine technology. Today, Mr. Zeiner-Gundersen has more than 30 years of experience in the oil & gas and
renewable energy industry, as well as technical and management experience in offshore subsea field develop-
ments. Throughout his career, Mr. Zeiner-Gundersen led numerous projects, and held positions in Norway and
the United States. His varied experience exposed him to all facets of the industry and he became well versed in
tidal power, mechanical engineering, energy, subsea engineering, nap technology and fluid dynamics. He holds
a Ph.D. in hydrodynamics and a D.Sc. In innovation.
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20. To the best of the knowledge of the Company, the information contained in this Presentation is in all material respect in accordance with the
To the best of the knowledge of the Company, the information contained in this Presentation is in all material respect in accordance with the fact
as of the date hereof. However, no independent verifications have been made and no representation or warranty (express or implied) is made as to
and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability
whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly, none of the Company or the Managers o
any of their shareholders or subsidiary undertakings or any such person’s officers or employees accepts any liability whatsoever arising directly o
indirectly from the use of this document. By attending or receiving this Presentation you acknowledge that you will be solely responsible for you
own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible fo
forming your own view of the potential future performance of the Company’s business. This Presentation contains certain forward-looking
statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-looking
statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the word
“believes”, “expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets”, and similar expressions. The
forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party
sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially
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person’s officers or employees provides any assurance that the assumptions underlying such forward-looking statements are free from errors no
does any of them accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of the
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these forward-looking statements to its actual results.
AN INVESTMENT IN THE COMPANY INVOLVES RISK, AND SEVERAL FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT MAY
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UNCERTAINTIES ASSOCIATED WITH THE COMPANY’S BUSINESS, SEGMENTS, DEVELOPMENT, GROWTH MANAGEMENT, FINANCING, MARKET
ACCEPTANCE AND RELATIONS WITH CUSTOMERS, AND, MORE GENERALLY, GENERAL ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN
DOMESTIC AND FOREIGN LAWS AND REGULATIONS, TAXES, CHANGES IN COMPETITION AND PRICING ENVIRONMENTS, FLUCTUATIONS IN
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VARY MATERIALLY FROM THOSE DESCRIBED IN THIS PRESENTATION.
Norwegian Aquaponics AS
Statement
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