Poseidon expands into Norway

Canadian aquaculture supplier Poseidon Ocean Systems Ltd is aiming to establish a market in Norway following the formation of a distribution partnership with Norwegian technology supplier, Fjord Miljø.

Poseidon, which recently raised £16.3 million for growth, said the agreement will allow its life support (aeration, oxygenation, and diffusion) and hybrid sea cage technology to reach new customers in Norway, while receiving the level of service and expertise that Fjord Miljø’s customers have come to expect.

Vancouver Island-based Poseidon has already expanded into Chile and Scotland, and said the partnership with Fjord Miljø is a natural evolution for the companies because they offer synergistic products and solutions and are focused on improving fish welfare.

Shared values

“The Poseidon team is thrilled to announce this partnership as we have so many shared values with the Fjord Miljø team,” said Poseidon chief executive Jamie Gaskill.

“So many of our products pair seamlessly together; for instance, Poseidon’s industry leading life support systems will enable the use of deep lice skirts, of which Fjord Miljø is a leading supplier. We look forward to Norwegian customers having access to our technologies.”

Arild Heggland, sales and marketing manager of Fjord Miljø, said: “We are excited to represent Poseidon’s products throughout the Norwegian marketplace. With evolving regulatory and operational changes, as well as changing environmental conditions, increasing the portfolio of technology options available to Norwegian farmers will allow them to advance their operations and improve their biological results.”

Flowpressor

Poseidon’s range of products includes the Flowpressor, a fuel-efficient air compressor specifically designed to meet the aeration needs of salmon farms, and the Oxypressor, a system upgrade to the Flowpressor that can produce up to 92% pure oxygen at a rate of 155 kg per hour.

It also supplies the Depth Charge oxygen diffuser, which it describes as patent-pending technology that dissolves up to 100% of the oxygen supplied while using a fraction of the energy of other systems.

Poseidon, founded by former Mowi Canada West engineer Matt Clarke and his wife, Heather, also supplies a steel cage system which can be configured for nets or for closed or semi-closed containment systems.

Its recent Series B fundraise was led by Ecosystem Integrity Fund (EIF), and joined by InBC Investment Corp., a strategic investment fund created by the province of British Columbia. There was also additional investment support from existing shareholder Export Development Canada.

The distribution partnership between Poseidon and Fjord Miljø will take effect immediately, and both companies will be present at HAVExpo in Bergen next month.