BioFishency

BioFishency’s cost-effective, all-in-one water treatment system for land-based aquaculture costs a fraction of the cost of high-end water treatment systems.

The system requires minimal infrastructure and expertise. It enhances water conditions, enabling more feed for increasing fish production with minimal investment.

• 95% reduction in water use (intensive tanks)
• 2-5 fold increase in yields (extensive ponds)
• 2x nitrification (ammonia removal) for improved water quality
• Relatively low energy consumption
• Easy to install (plug-and-play installation); no special infrastructure required
• Small footprint, low maintenance

The proprietary substrate used in the system can be sold as a stand-alone product for a range of water treatment applications.

June 2018: This BioFishency installation is part of the China-Israel Agriculture and Technology Town, Shijiazhuang, China. The BioFishency systems are used in more than 40 tanks to hatch and grow ornamental koi and Chinese perch.

In 2018, BioFishency will begin testing eFishe, an electrochemical-based technology for a new product line of filtration systems. The first application of eFishe will involve transporting live fish/crustaceans. The advantages of this new technology —

• Overcomes many disadvantages of current recirculating aquaculture systems (RAS)
• Suitable for warm or cold water; freshwater or seawater
• Produces by-product that disinfects the water
• Quick on/off

IP

Patent in National phase (China, India, Israel, Europe, Brazil)

BioFishency CTO Igal Magen accepts the first place award at the Fishtech competition in Qingdao, China.

The BioFishency aquaculture system in operation at the Company’s pilot site.

2018 sales: ~$1.3 million (2.4x 2017 sales)
Installations: BioFishency continuing to operate effectively with increased sales around the world, including China, Indonesia, Singapore, India, Bangladesh, Nigeria, Congo,  Israel, and others

Distribution agreements: Bangladesh, India, Taiwan, China; cooperation with several strategic partners

• Exhibiting at China International Fishery and Seafood Expo, booth D35, Guangzhou, 23-25 August 2019
• July 2019: Signed a licensing agreement with the Technion-Israel Institute of Technology to develop a new product line for cold-water applications
• March 2019: Completed $2.4 million raise
• Closing agreement with the Technion Research & Development Foundation to license a new technology that will enable growing fish in any temperature (cold, warm) and water type (fresh, sea); beginning R&D of the project, together with the Technion
• November 2018: 1st place, Fishtech, China
• June 2018: Completed large project in China(several systems for over 40 fish tanks); completed installation for additional units in Nigeria
• April 2018: Completed $800,000 in sales in Q1 2018
• Signed term sheet to raise $1.5 million from a strategic and private investor

BioFishency completed its latest installation in Nigeria (recirculating aquaculture system for tilapia).

In the Media

• IntraFish features BioFishency
• Solution Nation: One Nation is Disproportionately Responding to the World’s Most Intractable Problem
• Israel21c: Indian catfish farm installs BioFishency filter system
• Israel21c: Israeli systems aiding fish farmers in Congo and Indonesia
• BioFishency taps into the shellfish market
• BioFishency makes aquaculture accessible
• “Feeding India with Fish”
• Fish Farmer: “Bridging the Gap”
• Globes magazine: Mother Earth: The Seeds of Start-Up
• Lux Research State of the Market Report (2015): Blue Revolution

Around the world, the demand for fish is increasing, while the supply from the sea and natural fisheries has stagnated. Aquaculture, the farming of aquatic organisms for profit, is becoming an increasingly important source of animal protein. Yet, with the limited availability of land and water, the only way for aquaculture to meet the growing demand is intensification: producing more fish per unit of area and water.

Technologies that improve water quality are required for intensification. Current water treatment systems support high fish densities; but are complex and very expensive, making them accessible to only the small segment of high-end growers. Most aquaculture production still takes place in developing countries in extensive growing systems (e.g., ponds and reservoirs) with no technology. Even doubling the production capacity of these systems would significantly increase farmer incomes and contribute to food security. The challenge is to develop cost-effective technology for this under-served market.

According to the FAO 2016 report, “State of the World’s Fisheries and Aquaculture,” aquaculture is the fastest-growing sector in animal protein production with a market value of $135 billion in 2015. Sixty-two% (62%) of food fish will come from aquaculture by 2030 (FAO, “FISH TO 2030 Prospects for Fisheries and Aquaculture”).