Noa Marine

Idea

Introduction

NOA MARINE was founded with a mission to develop unique solutions for the marine industry. This relates to the technological innovation in marine propulsion systems inspired by bionic innovation to significantly reduce the costs of sea and ocean exploration in the near future. We are a group of skilled engineers passionate for technology, marine world and environment aiming to re-write the history of ocean-related data analytics. We want to develop a new generation of bionic underwater drones that are revolutionizing sea & ocean exploration technologies.

We have developed our business expansion strategy as B2B Robotics as a Service model. Our goal is to significantly lower the cost of sea and ocean exploration in off-shore, oil & gas, ocean aquaculture and scientific sectors and to enable our future partners to gather data for their future clients faster and save money at the same time. We own European patents for the technology.

The implementation of NOA Sentinel technology involves two stages:

Intended impact

NOA MARINE was born out of passion for technology and marine world.

Global ocean business has a high demand for harnessing various types of data which is difficult to do at scale due to high operational costs of ships and manpower which makes it an expensive service. To keep costs down, marine industry intensively seeks for new robust solutions enabling UUV drones to carry heavier payloads through longer distances making long haul missions possible.

We want to build UUVs that will be robust, quieter, efficient, able to carry larger payloads. NOA MARINE technology means cost-effective ocean research without the need or presence of humans or ships on the proximity. Our underwater drones will be used as an integral part of autonomous data collection service implemented in Stage 2. Our goal is to be able to use a set of autonomous vehicles and leave them for a significant period of time directly on the dedicated field of operation thus provide a large reduction of data acquisition cost.

Substantial accomplishments to date

· BONUS BLUE BALTIC R&D Program issues calls on ecosystem research innovation and funds projects of high excellence and relevance for the fragile Baltic Sea. https://www.bonusportal.org/

· European patent GRANTED for NOA DRIVE propulsion technology providing our crafts with high thrust power, efficiency and stability.

· Together with prestigious Solar Impulse Foundation NOA MARINE we became one of the Founding Members of The World Alliance for Efficient Solutions. https://solarimpulse.com/

· First B2B future clients for NOA Sentinel underwater data collection service expressing interest in landing pilots (Operational Oceanography Department, Maritime Institute in Gdansk and MEWO S.A. offshore). MEWO is the largest privately owned and independent marine survey, geoscience, environmental and subsea engineering company in Poland providing services and solutions to the marine energy sectors in the Baltic, Mediterranean and Southern North Sea’s for oil & gas, renewables, subsea telecoms and research.

· We won Transport and Mobility category in the worldwide “Bringing Tech&Science Closer to People” tech Start-up competition, organized under the patronage of UNESCO.

· We entered ANSYS USA Startup program with access to ANSYS top-notch Computational Fluid Dynamics technology https://www.ansys.com/blog/biomimicry-innovates...

· FATHOM WORLD included NOA MARINE among companies such as Kongsberg re-inventing ocean management systems through Biomimicry https://fathom.world/the-growth-of-drone-mimicry/

Monetisation strategy

NOA MARINE aims to provide clients with one stop shop data collection service. We have developed our business expansion strategy as B2B Robotics as a Service model (RaaS). Our goal is to enable our future partners to gather data for their future clients faster and save money at the same time.

Indirect service model assumes cost of average ship used on site oscillates around 6 000 EUR/day. We aim to eliminate everyday ship presence. It will result in using the ship only for deployment and periodic maintenance. This cuts the service cost by 50% and lowers estimated overall internal service cost from 12 000 to 6 000 EUR/day. It results in saving 186 000 EUR/month for system activity that gives 1 080 000 EUR savings on a single site in first 6 months and include installation and servicing cost. End customer pricing will depend on specific future B2B Partner policy.

Exit strategy:

We aim for our company to be acquired by one of the leading off-shore service providers within 5 years.

Use of proceeds

As a Founding Member of The World Alliance For Efficient Solutions by prestigious Solar Impulse Foundation, we have signed and secured international grant funding from BONUS BLUE BALTIC program that will enable us to deliver our first FULL SCALE physical Proof of Concept (PoC) of our underwater vehicle technology and proceed with full scale field tests in the Baltic sea. Grant funding requires private contribution of NOA MARINE company and we are crowdfunding to secure it.

With a BONUS BLUE BALTIC grant leverage (signed and running): 490 000 € we are crowdfunding to complete Stage 1 in 2020.

Breakdown of the crowdfunded budget (investment, excluding 66% of R&D grant leverage):