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Without oxygen marine life can't exist

Dead bottoms in lakes and oceans due to oxygen depletion is an global problem. Our patented technology, Mobile Oxygenation, is a unique and cost-effective solution. Oxygen is supplied with high precision where it is needed, and marine life is restored. We are now raising funds to build our first vessel.

Investor proposal

Oxygen depletion in lakes and oceans is a giant global problem that needs to be addressed. Our new patented technology Mobile Oxygenation will be able to deliver oxygen precisely where it is needed to bring back marine life in lakes and oceans – a simple and unique solution. Propulsion of this low-speed electric boat is generated from a wind turbine and solar cells, a new technology developed together with Chalmers makes this concept completely environmentally friendly – no emissions at all. 
Join us on this journey in a multimillion euro global marketplace, launching of our first boat in spring 2020.

Product

The problem this product solves

Eutrophication of lakes and oceans have been going on for decades. Nutrients from agriculture and untreated waste water from sewage plants, households and industries have ended up in the recepients. We have looked upon lakes and oceans like a dump, with endless capabilities to take care of those nutrients. Even if it would be stopped tomorrow we need to take care of the nutrients already being discharged. Phosphorus, the engine behind algae blooming and formation of cyanobacteria, is released from the bottom sediments if there is no oxygen, only bacteria can survive and the marine life is dead.

How the product solves it

Adding oxygen to waters suffering from oxygen depletion is an obvious solution. Several projects have been carried out utilizing so called surface water technologies, stationary systems where surface water is pumped down to the bottom. Those fixed systems have great limitations, we make this happen from a boat, able to supply oxygen with precision where it is needed the most and without any negative side-effects. We will use less than 10% of what is needed with surface water technologies.
Our Mobile Oxygenation is the most cost-effective solution to supply necessary oxygen, capture phosphorus and bring back marine life.

Product features

Our new patented Mobile Oxygenation technology comprises a new type of slow-speed electric boat and a specially designed tool for supplying oxygen. The boat will utilize the renewable energy sources wind (thrust force + power) and solar (power) for propulsion. Oxygen is transformed into micro bubbles, injected and completely dissolved in the water, just over the dead sea bottoms using our patented solution. A small increase in oxygen concentration, from zero to 1-2 mg/l is all it takes to stop phosphorous from being released from the bottom sediments and marine life to start to come back. 

Product use cases

The boat “Ocean Recycle One” will be used for commercial Oxygenation projects both in lakes and oceans, primarily bays in the Baltic sea. Clients with drinking water sources suffering from oxygen depletion in Sweden and Finland are high on the list of new projects. Other possibilities include ocean areas, where emissions of nitrogen and phosphorous from agriculture and waste water discharges have caused severe eutrophication problems. Our Mobile Oxygenation technology is scalable and can be used on larger ships to cover substantial ocean areas with these problems. The next generation of vessels will most likely include unmanned ships.

Team

Ulf Hagström avatar
Ulf Hagström VD
Managing Director ECOMB AB and ECOMB Ocean Recycle AB; Special skills: Development of patented products in energy and environmental businesses.
Eric Norelius avatar
Eric Norelius Technical Director ECOMB AB and ECOMB Ocean Recycle AB
Special skills: Innovator with a broad spectrum, invented the propulsion of vessels by means of on board wind turbines
Magnus Lagerström avatar
Magnus Lagerström Project Manager ECOMB AB and ECOMB Ocean Recycle AB
Special skills: Project Manager with over 15 years of experience in the international market.
Andreas Björlenstam avatar
Andreas Björlenstam Web developer
Experienced Web Developer. Skilled in Web development, Search Engine Optimization (SEO), User Experience, E-Commerce and front-end design.
Sverker Forslin avatar
Sverker Forslin Sales and marketing
Special skills: Make innovative technology understandable. Building B2B relations and develop business.

Market

Target Market

Good quality drinking water is taken for granted in Sweden, but the quality is declining. 75% of the drinking water in Sweden comes from lakes, many suffering from eutrophication and related issues of algae bloom and cyanobacteria. 
Those lakes need immediate treatment with our Mobile Oxygenation technology. Customers will include Municipalities, County Administrative Boards and Industries. Examples of recent investments; “Stockholm Vatten och Avfall” spent around 150 MSEK on a new plant “Bornsjöverket” for stationary oxygenation and 30 MSEK was recently spent on restoring a lake in Växjö. Our Mobile Oxygenation technology is here – timing is right! 

Competitive landscape

Surface water technologies are somewhat a competitor. Surface water – containing 10-15 mg oxygen/l – is pumped down through pipes in a stationary system. Utilizing surface water technology in the Baltic sea will dilute the natural salt concentration below the halocline (approx. at 60 m) at the same time as the water temperature is increased. Climate change will accelerate this negative effect. Other solutions include the injection of chemicals (often AlCl3) into the bottom sediments, in order to chemically bind phosphorous. This is less cost-effective than Mobile Oxygenation technology and the consequences are not fully understood.

Unique differentiator from competitors

Almost all basic principles behind our unique product have been tested and verified – but only separately. Mobile Oxygenation, the new concept to solve issues related to oxygen depletion, is to simply add only what is lacking – oxygen. This is what makes this technology so attractive.
Microbubble technologies, where extremely small bubbles of oxygen dissolve completely in water, is a well established technology for fish ponds and sewage water treatment plants. We are utilizing this technology in a different way, using a specially designed injection tool working close to the bottom of lakes and oceans.

Company revenue streams

Revenues in ECOMB Ocean Recycle AB will in the short term be generated from sales of Oxygenation contracts to our customers. Funds for this type of projects have increased in recent years due to the globally increasingly problems in lakes and oceans, it is highly likely that solving the issue with oxygen depletion will become a high priority in many countries worldwide.
Consequently more and larger boats/ships will be built, enabling us to carry out multiple Oxygenation projects.
In the long run, license agreements will be an obvious alternative to look at.

Product/service distribution

We will sell our product and services directly to our customers. Those Oxygenation contracts will most probably be based on firm and fixed prices. Every single lake or sea area will be unique, so such contracts will not be based on any standard price. Alternatively our contracts can be more based on providing services, such as a price for Oxygenation of Xkm2 per week or a price per ton of oxygen supplied. Rentals of boats could in the longer run also be a viable solution. 

Execution

Previous milestones/traction


<2019
- Ground-breaking projects (2013-2015) together with Chalmers University of Technology and STENA, where Wind turbines for propulsion of ships was tested and verified 
- Basic engineering of the boat Ocean Recycle One
- Tests with different micro bubble systems
- Meetings with several dockyards for possible manufacturing of the boat Ocean Recycle One
- Innovation loan of 300.000 SEK from ALMI (owned by the Swedish state)

2019
- Issue of new shares in order to get funds for design and order “Ocean Recycle One”
- Applications for funds to NEFCO, Vinnova et al
- Marketing our Mobile Oxygenation concept 

Next key objectives

2019
- Participation in strategic seminars and fairs
- Start manufacturing Ocean Recycle One
- Tests at Kolmården for design of the oxygenation tool

2020
  • Launching our boat “Ocean Recycle One” during the spring
  • Tests, tuning and verifications of our Mobile Oxygen concept in a lake 
  • Continued marketing & sales in the market
First Oxygenation project sold 

Previous Financing

A substantial part of the development costs since 2008 was taken by Swedish Energy Agency and Region Västra Götaland (the local County Council), where funds of around 10 MSEK (€1M) was granted to Chalmers Technical University in the project “Wind Power for propulsion of ships” during 2013-2015. Remaining costs have been granted by a number of parties, mainly the Swedish companies PROPit AB and ECOMB AB. The total amount spent for developing our Mobile Oxygenation technology, from idea until today’s status, during this ten year period (2008-2018) has been estimated to 20 MSEK.

Partnerships

Östen Ekengren, Partner, Executive Vice President IVL;
Special skills: Manager of projects regarding Stationary Oxygenation of lakes and oceans in Sweden, China and USA
Ola Carlson, Partner, Professor in Sustainable Electric Power Production, Chalmers University of Technology;
Special skills: Deep know-how in Sustainable Electric Power Production
Gustaf Myrsten, Partner, Naval Architect MSc;
Special skills: Naval architect for design of electric boats
Mattias Widmark, Partner, former Sea Captain;
Special skills: Sea Captain with environmental and quality focus
Mats Amundin, Partner, PhD Senior Advisor Zoology, Kolmården Zoo;
Special skills: Conservation projects for endangered Baltic sea Porpoises, oxygenation of basins at the zoo

Use of funds

Our target is to receive the maximum amount of 5 MSEK (€500 000) in this campaign and the funds will primarily be allocated for design and manufacturing of the boat “Ocean Recycle One” (approx. 3-4 MSEK). Remaining funds will be allocated for strengthening the marketing & sales organisation within the company.
If this target can’t be met, the boat will be smaller, with lower Oxygenation capacity and the whole process of expanding this business will slow down. Funds from EU and state owned public organisations will also be available to support our new business. 

Industry Certifications/Awards


Return on Investment

All investors target selling shares for a higher price than what they were purchased for. ECOMB Ocean Recycle AB, founded in 2018 as a separate and 100% owned daughter company to ECOMB AB, will have multiple alternatives to increase the value of its shares, growing and thereafter selling the whole company is probably what most boards are targeting. How, if and when will only become speculations today.
However, the vision is clear for the immediate future and that is to launch “Ocean Recycle One” and sell Oxygenation projects to our customers, reaching a turnover of 10 MSEK in 2022. 

Risk Analysis

Owning company shares is always associated with risk. Shares can depreciate or in the worst case, lose its entire value. There are also risks that the development of a new product takes longer and/or costs more than initially estimated. Competing, more cost-effective technologies may also be developed, making new sales more difficult.
If targeted funds can’t be met the whole process will slow down. 
We believe our patents are strong, our Mobile Oxygenation technology is cost-effective compared with stationary surface oxygenation and chemical alternatives and that our know-how together with our partners is world class.