Poseidon Ocean Systems Raises Funds To Accelerate Development Of Sustainable Aquaculture Technologies

by | Jan 14, 2021 | News, Press Release | 150 comments

$5 million investment, led by Ag Capital Canada, follows proprietary advancements in floating steel cage and water quality systems

January 13, 2021
CAMPBELL RIVER, BC – Poseidon Ocean Systems, a Canadian company specializing in the development of salmon farming infrastructure and life support systems, announced today that it has raised CAD$5 million in Series A financing. The investment in the growing aquaculture company will help fuel engineering and delivery of new proprietary technologies to market.

The financing is led by Ag Capital Canada (ACC), a private equity fund based in Tillsonburg, Ontario, with additional follow-on investment from Export Development Canada (EDC).

Over the past two years, Poseidon has introduced two key aquaculture innovations, both with a focus of improving the quality and safety of salmon farming operations.

The first, the Trident HybridTM Steel Cage System, is a breakthrough in floating steel structure design. It’s advanced safety, strength, and stability features allow fish farmers to operate confidently in higher energy locations. It’s forward-thinking design also allows for seamless transition to advanced technologies such as rigid nets and floating closed containment without the need to invest in new structures.

The second, the FlowpressorTM compressor system, is the company’s first step at sharply reducing energy consumption and lowering the carbon footprint of off-grid fish farming systems. The Flowpressor was designed to improve water quality while reducing diesel fuel consumption by up to 56%. Paired with Poseidon’s IOT firmware, the system offers farmers significant additional operational advancements.

“We can lower capital costs, shrink equipment space requirements and drive higher profits for our customers around the world, while also delivering environmental returns for the planet.” explained Rick Segal, CEO of Poseidon Ocean Systems. “That’s the operational and financial advancements of integrating Poseidon’s engineering, mechanical, and software systems.”

“We were able to check all the boxes with this investment,” said John Lansink, Managing Partner at Ag Capital Canada. “We are impressed by Poseidon’s technologies and management team. The company is in a growth position, ready to capitalize on a macro trend to meet global protein demand. Poseidon’s systems can cut operating costs and improve efficiency for the industry – and create healthier fish.”

“The Poseidon leadership team brought their technologies to market amazingly quickly. Their culture of collaboration with stakeholders, commitment to developing their products within Canada and strong relationships with global customers and partners were key factors driving us toward closing this partnership agreement,” stated Lansink.

Poseidon’s leadership team is comprised of Rick Segal, a Microsoft and Samsung alum, as well as co-founders Heather and Mathew Clarke.

“Ag Capital Canada was the perfect choice to lead our Series A, as they are focused on food production in Canada, the advancement of ag technologies and entrepreneurship,” said Heather Clarke, CFO and Co-Founder of Poseidon. “The Partners bring a wealth of hands-on experience, particularly in agricultural systems deployment – and they are fully Canadian.”

About Poseidon Ocean Systems
Poseidon Ocean Systems (Poseidon) is a Canadian full-service aquaculture engineering and technology provider. Poseidon specializes in saltwater aquaculture infrastructure & life support design, engineering, product development and supply. The company is headquartered in Campbell River, British Columbia.
For more information on Poseidon, visit www.PoseidonOS.com

About Ag Capital Canada
Ag Capital Canada (ACC) is a new private equity fund that invests in Canadian ag and food innovation and small business growth. ACC aims to discover, develop and nurture Canadian agricultural businesses through capital investment, business-management mentorship and entrepreneurial expertise. For more information on ACC, visit www.agcapitalcanada.com.

About Export Development Canada (EDC)
Export Development Canada is a Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, EDC equips companies with the tools they need – trade knowledge, financial solutions, equity, insurance and connections – to grow their business with confidence. For more, visit www.edc.ca

Media Contacts:

Poseidon Ocean Systems
Heather Clarke
heather@poseidonos.com
Tel. 250.204.4718		 Ag Capital Canada
John Lansink
johnl@agcapitalcanada.com
Tel. 519.520.5515

 

Download Press Release

150 Comments

  1. Co to jest Leasing on March 25, 2021 at 11:53 am

    Thanks for discussing the following superb subject matter on your web site. I ran into it on google. I am going to check back again once you post additional aricles.

  10. M106.COM on April 1, 2021 at 4:40 pm

    When I view your RSS feed it puts up a bunch of garbled text, is the deal on my reader?

  54. Jak Działa Raj Podatkowy ? on April 7, 2021 at 8:46 pm

    Very interesting post. Your own web site is swiftly turning out to be certainly one of my favorites

  73. Website directory on April 10, 2021 at 1:40 am

    This is a interesting post by the way. I am going to go ahead and bookmark this article for my sister to read later on tomorrow. Keep up the excellent work.

  101. Pianino RSS on April 14, 2021 at 2:39 am

    I am going to go ahead and save this article for my sis for the study project for class. This is a nice-looking internet site by the way. Where do you acquire the theme for this web page?

  104. Directory Listings on April 14, 2021 at 8:37 am

    I positively like this record, i did not appreciate a kismet of the things that you posted in here. i ahve much more new news regarding these topics and topics related to it. some people may find it implacable to understadn the english language but i find it rather calm an eye to the confidentiality that has discover to be what is todays policy.

  105. Naomi Stebbins on April 14, 2021 at 4:18 pm

    You’ve made some really good points there. I looked on the internet for
    more info about the issue and found most individuals will go
    along with your views on this website.

  106. Suzanne Broadus on April 14, 2021 at 7:22 pm

    It is the best time to make some plans for the
    future and it is time to be happy. I have read this post and if I could I
    want to suggest you few interesting things or
    advice. Maybe you can write next articles referring to this article.
    I want to read more things about it!

  108. Larry Clarke on April 14, 2021 at 10:46 pm

    It is perfect time to make some plans for the future and it is time to be happy.
    I have learn this post and if I may just I wish to
    counsel you some attention-grabbing issues or suggestions.
    Perhaps you could write next articles regarding this article.
    I want to learn more issues approximately it!

  109. Sandra Casey on April 14, 2021 at 11:53 pm

    I just could not go away your website prior to suggesting that I really loved the usual
    information an individual provide to your guests?
    Is going to be again often to check up on new posts

  113. Michal Ordaz on April 15, 2021 at 2:18 am

    Everyone loves what you guys are usually up too. This type of clever work and coverage!
    Keep up the excellent works guys I’ve included you guys to my personal blogroll.

  117. Rebecca Mears on April 15, 2021 at 5:55 am

    Hey there! Someone in my Myspace group shared this website with
    us so I came to look it over. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers!
    Outstanding blog and outstanding design.

  118. Della Wright on April 15, 2021 at 11:55 am

    Ahaa, its nice dialogue on the topic of this piece of writing at this place at
    this blog, I have read all that, so now me also commenting
    here.

  119. Billy Yorba on April 15, 2021 at 12:51 pm

    It’s appropriate time to make some plans for the future and it is
    time to be happy. I have read this post and if I could I want to suggest you few interesting things or advice.
    Maybe you could write next articles referring to this article.
    I want to read even more things about it!

  122. Michael Miller on April 15, 2021 at 3:35 pm

    It’s appropriate time to make some plans for the
    future and it’s time to be happy. I’ve read this post and if I could I
    want to suggest you few interesting things or tips. Perhaps
    you could write next articles referring to this article.
    I desire to read more things about it!

  123. Andrew Green on April 15, 2021 at 5:40 pm

    It is appropriate time to make a few plans for the long run and it’s time to be happy.

    I’ve learn this post and if I could I wish to counsel
    you few interesting things or tips. Maybe you can write subsequent articles referring to
    this article. I wish to learn even more issues about it!

  127. Stephanie Sanchez on April 15, 2021 at 11:33 pm

    I wanted to thank you for this good read!! I certainly loved
    every little bit of it. I have you book marked to check out
    new things you post…

  130. Melvin Knobloch on April 16, 2021 at 2:07 am

    Howdy! This post couldn’t be written any better!

    Looking through this article reminds me of my previous roommate!
    He always kept talking about this. I will forward this information to him.
    Pretty sure he will have a very good read. I appreciate you for sharing!

  131. Richard Fox on April 16, 2021 at 3:33 am

    I visited several web pages except the audio quality for audio songs
    existing at this web site is genuinely fabulous.

  134. Virginia Andrews on April 16, 2021 at 10:32 am

    It’s the best time to make some plans for the future and it’s time to be happy.

    I’ve read this post and if I could I wish to suggest you few interesting things or advice.
    Maybe you could write next articles referring
    to this article. I wish to read even more things about
    it!

  136. Ronald Kemeny on April 16, 2021 at 1:03 pm

    I amm sire this piee oof wriiting hass touched all thhe intertnet viewers, iits reallyy really
    nice pozt on bbuilding uup neww webpage.

  137. Ekonomia Podaż on April 16, 2021 at 2:45 pm

    My brother saved this weblog for me and I have been reading through it for the past couple hrs. This is really going to benefit me and my classmates for our class project. By the way, I like the way you write.

Trackbacks/Pingbacks

  1. acheter generic viagra online france - acheter generic viagra online france acheter generic viagra online france
  2. brand viagra 100mg price - brand viagra 100mg price brand viagra 100mg price
  3. sildenafil 100mg discount - sildenafil 100mg discount sildenafil 100mg discount
  4. otc cialis 2018 - otc cialis 2018 otc cialis 2018
  5. buy tadalafil online payment - buy tadalafil online payment buy tadalafil online payment
  6. buy cheap viagra online in canada - buy cheap viagra online in canada buy cheap viagra online in canada
  7. biomox amoxicillin - biomox amoxicillin biomox amoxicillin
  8. can you take amoxicillin with milk - can you take amoxicillin with milk can you take amoxicillin with milk
  9. zithromax - zithromax zithromax
  10. how to take celebrex - how to take celebrex how to take celebrex
  11. can celebrex be addictive - can celebrex be addictive can celebrex be addictive
  12. keflex antibiotic side effects - keflex antibiotic side effects keflex antibiotic side effects

Submit a Comment

Your email address will not be published.