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PARTNER SEARCH FORM
1. Company Profile 1.1 General Profile
Full Name of Company Latimeria Ltd. Registration # 514768456
Prior name of Company N/A
Type of Company HT R&D Research Institute University X Other
Stage Seed X R&D Initial Revenues Revenue Growth
Ownership Public X Private Governmental Other
Year Established 2012 No. Employees 3
No. R&D Personnel 2
1.2 Company Contact Info
Street Address 49/2 Menachem Begin City Gedera P.O. Box
Country Israel Zip Code 7052719
Telephone +972-54-4675097 Fax +972-8-8594780
Website E-mail [email protected]
1.3 Primary Contact Person
First Name Gilad Last Name Heinisch
Title Dr. Function Head Biologist
Phone Mobile Phone +972-52-8799548
Email [email protected]
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1.4 Organization Description General Business Description Latimeria aims to establish advanced fish breeding centers for the production of
fingerlings. Our goal is to lead the commoditization of fingerlings worldwide; starting in Israel
with the production of grey mullet (Mugil cephalus) fingerlings as our first product. By
implementing our unique Water-Ring system, along with our expert biological know-how, we aim
to procure high quality fingerlings year-round. The commoditization of fingerlings will assist
commercial fish farms to address the growing demand for fish by increasing their yearly
production yields; increasing global supply for human nutrition.
Technology Description (Main Products/Services)
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Latimeria has been operating a successful pilot facility since September 2011. The pilot is
located at Kibbutz Ein Shemer’s Ecological Greenhouse. The major focus of the pilot project was
to develop and calibrate our unique Water-Ring system, a minimum discharge – generic
recirculating aquaculture system specifically designed to target the biological needs of
broodstocks, a task that we successfully achieved. The pilot facility has been operating under
“true conditions”, that is, mimicking a commercial broodstock operation, but in a smaller scale.
Five Water-Ring systems are fully operational holding model broodstocks of grey mullet.
Nevertheless, to this date, we focused on one of the three elements of a breeding center – the
broodstocks. Work on the other two elements, food chain and hatchery, is currently in progress.
On average, 130,000 tons of grey mullets are consumed world-wide per year. Most of them
in Egypt. Fingerling supply is captured-based. Average yearly Israeli consumpsion is 2,000 tons
and. Each year, four to nine million grey mullet fingerlings are caught along the Israeli coast line
and its estuaries, and shipped to inland fish farms to be raised for 24-36 months. Due to this
availability and the lack of breeding knowhow, progress was not made to establish a commercial
breeding center, locally and worldwide. As such, grey mullet growers are under suppression and
suffer from the following bottle-neck supply problems:
• A profitable fish with limited capture-based fingerlings supply
• Non-sustainable, irregular and unpredicted supply
• One non-optimal stocking season
• Unfavorable mullet species
Targeted Customers 1. Fish farmers.
2. Governmental agencies and private companies who are seeking to operate fish breeding centers.
3. Governmental agencies and state divisions of marine fisheries that are in need for sustainable fingerlings supply for the porpuses of stocking / restocking, tag release-recapture studies and research.
1.5 Technology Sector & Subsector of Company (Select 1 sector and 1 subsector)
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Clean-Tech
Agrobiotech Energy Environment Materials
Water Technologies
Communications
Broadband Access Broadcast Enterprise Networking Home Networking
Mobile Applications NGN & Convergence Optical Networking Telecom Applications
VoIP & IP Telephony Wireless Applications Wireless Infrastructure
Internet
Content Delivery Content Management e-Commerce E-Learning Internet Applications Internet Infrastructure Online Advertising Online Entertainment Search Engines Social Networks
IT & Enterprise Software
Business Analytics Security Enterprise Applications Enterprise Infrastructure Miscellaneous Software Design and Development Tools
X Life Sciences
X Agrobiotech Bioinformatics Biologicals Diagnostics Healthcare IT Industrial Medical Devices Telemedicine Therapeutics
Miscellaneous Technologies
Defense Hardware Industrial Technologies Miscellaneous Nanotechnology
Semiconductors
Fabrication and Testing Manufacturing Equipment & EDA
Memory & Storage Miscellaneous Semiconductors
Network Processors Processors & RFID Security Semiconductors Video, Image & Audio
1.6 Company Settings (For Israeli Companies ONLY) X Would you like your company profile to appear in the public, online MATIMOP Company
Database? X Would you like to receive emails from MATIMOP on news & events?
2. The Project 2.1 Description of the Proposed Project
Small scale pilot marine fish breeding center based on the “Water-Ring” system 2.2 Technology Sector & Subsector of the Proposed Project
Clean-Tech
Agrobiotech Energy Environment Materials
Water Technologies
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PARTNER SEARCH FORM
Communications
Broadband Access Broadcast Enterprise Networking Home Networking
Mobile Applications NGN & Convergence Optical Networking Telecom Applications
VoIP & IP Telephony Wireless Applications Wireless Infrastructure
Internet
Content Delivery Content Management e-Commerce E-Learning Internet Applications Internet Infrastructure Online Advertising Online Entertainment Search Engines Social Networks
IT & Enterprise Software
Business Analytics Security Enterprise Applications Enterprise Infrastructure Miscellaneous Software Design and Development Tools
X Life Sciences
X Agrobiotech Bioinformatics Biologicals Diagnostics Healthcare IT Industrial Medical Devices Telemedicine Therapeutics
Miscellaneous Technologies
Defense Hardware Industrial Technologies Miscellaneous Nanotechnology
Semiconductors
Fabrication and Testing Manufacturing Equipment & EDA
Memory & Storage Miscellaneous Semiconductors
Network Processors Processors & RFID Security Semiconductors Video, Image & Audio
3. Potential Project Partner/Company 3.1 From which country/region are you seeking a partner?
North America, Europe, Asia-Pacific 3.2 Main characteristics and specific technological expertise of potential partner 1. Companies in the Aquaculture sector who are looking to expand and operate a fish breeding
center. 2. State divisions of marine fisheries who are interested in establishing an environmentaly friendly
fish breeding center. 3. Universities and research centers who are looking for a stand alone system for marine and fresh
water fish reproduction. The technological expertise and knowhow that we seek in the above partners are (not limited to):
1. Experienced aquaculture farm 2. Fish breeding center 3. Expertise in reproduction of cold-water species (Cod, Haddock, Halibut, etc.) 4. Stocking and stock assesments
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3.3 What is the specific R&D Contribution you are seeking? New species is a major contribution we are seeking. We are currently working on the reproduction of grey mullet, Mugil cephalus. The suitability of our system for the reproduction of other marine fish, including cold water species, is important to us.
3.4 Companies/Organizations you are already in contact with 1. National Center for Mariculture, Israel. 2. Fisheries Dept., Ministery of agriculture and rural development, Israel 3. Israeli fish farms
4. Statement of Agreement I hereby provide my consent to disclose this form to third parties in the process of identifying potential partners for the proposed project.
4.1 Signature of Company
Company Name Latimeria Ltd.
First Name Gilad Last Name Heinisch
Title Dr. Function Head Biologist
Signature
5. Site Settings X Approve you agree your partner search form to appear in the Matimop Site
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Assisting Nature to Provide for Human Needs
Introduction Document
This document contains Latimeria’s confidential information. This document may not be copied, disclosed or used for any purpose other than that for which it was distributed, in whole or in part, in any form, without the prior written consent of Eitan Sessler. This document contains forward-looking statements and projections. Such forward-looking statements are inherently subject to risks and uncertainties. The actual results of Latimeria could differ materially from those anticipated due to a number of factors, including, without limitation, the competitive nature of the industry, economic and/or political turmoil, and additional factors beyond the Company’s control. The Company is not obligated to update or revise any forward-looking statements and/or projections.
Contact Info
Mr. Eitan Sessler
Email: [email protected]
Tel: +972-54-4675097
08 March 2014
Latimeria aims to provide high quality fingerlings, produced in an innovative and sustainable
environment, to marine and inland fish farms worldwide.
The Business
Latimeria aims to establish advanced fish breeding centers for the production of fingerlings.
Our goal is to lead the commoditization of fingerlings worldwide; starting in Israel with the
production of grey mullet (Mugil cephalus) fingerlings as our first product. By implementing our
unique Water-Ring system, a minimum discharge – generic recirculating aquaculture system
specifically designed to target the biological needs of broodstocks, along with our expert biological
know-how, we aim to procure high quality fingerlings year-round. The commoditization of
fingerlings will assist commercial fish farms to address the growing demand for fish by increasing
their yearly production yields; increasing global supply for human nutrition.
The Pilot Plant
Latimeria has been operating a successful pilot facility since September 2011. The pilot is
located at Kibbutz Ein Shemer’s Ecological Greenhouse. The major focus of the pilot project was to
develop and calibrate our unique Water-Ring system, a task that we successfully achieved. The pilot
facility has been operating under “true conditions”, that is, mimicking a commercial broodstock
operation, but in a smaller scale. Five Water-Ring systems are fully operational holding model
broodstocks of grey mullet.
1 Content is Private & Confidential
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The Aquaculture Industry
Representing the starting point of the aquaculture fish
industry, with an estimated global fingerlings production value
of ~2.3B USD/year1 (~4.8M USD/year2 in Israel), the breeding
center business is a key part of the ~70B USD/year3 global
aquaculture fish industry. With growing world food
consumption, the aquaculture industry is expected to continue
to grow rapidly (~9%/year) alongside with the increased
demand for sustainable fingerlings sources that provides high
quality nutrition derived from fish.
Grey Mullet - Israeli Market
On average, 2,000 tons of grey mullets are consumed in Israel per year. Fingerling supply is
captured-based, as in all other grey mullet producing countries. Each year, four to nine million grey
mullet fingerlings are caught along the Israeli coast line and its estuaries, and shipped to inland fish
farms to be raised for 24-36 months. Due to this availability and the lack of breeding knowhow,
progress was not made to establish a commercial breeding center, locally and worldwide. As such,
grey mullet growers are under suppression and suffer from the following bottle-neck supply
problems:
• A profitable fish with limited capture-based fingerlings supply
• Non-sustainable, irregular and unpredicted supply
• One non-optimal stocking season
• Unfavorable mullet species
Nowadays, and after several years of successful trials at the National Center for Mariculture
(NCM), Eilat, Israel, breeding and larva growth knowledge is available. Leading marine fish breeding
1. Figure derived from global value of aquaculture industry; footnote #3 2. References: The Israeli Ministry of Agriculture and Rural Development (2007 data). Mariculture only; excluding grey
mullet production 3. References: FAO. 2011. The state of world fisheries and aquaculture 2010 (2008-2010 data). Rome
Total world fisheries production 1950 – 2030 Capture and Aquaculture
(Fish, aquatic invertebrates, aquatic plants) Including conservative future estimations
FAO, 2011
centers in Israel, Dag-On and Ardag, are establishing grey mullet broodstocks, acknowledging the
business potential in producing grey mullet fingerlings for the domestic market. In addition, growers
express their keen willingness to purchase fingerings from a sustainable source to support the
increase in grey mullet demand – 3,000 tons of mature grey mullet per year.
The Team
With diversified backgrounds and know-how, and outstanding biological, operational and
business capabilities, Latimeria’s management team is well equipped to confront this challenging
venture:
Mr. Itai Ivery
Head of Operations and Technology
Itai has been a special algae technology consultant for Frutarom Ltd, a world leader in the
production of chemicals and extracts for the cosmetics and food industries, since 2013. Prior to this,
Itai was the project manager for Seambiotic’s pilot site in Ashkelon, Israel, since 2006, were he
gained much experience in growing marine microalgae using a revolutionizing ecologically based
environmental system. Before joining Seambiotic, Itai worked for ten years as the General
Operations Manager at “SeaOr Marine Enterprises Ltd”; a two hectares environmentally friendly
poly-culture system that Itai planned, co-founded and managed. Itai started his aquaculture career
working for seven years as the Head Technician in the Department of Saltwater Fish Reproduction
at the Israel Oceanographic and Limnological Research, National Center for Mariculture (IOLR-NCM)
in Eilat, Israel. In NCM Itai specialized in the reproduction of several marine species, including: sea
bream, seabass and grey mullet.
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Gilad Heinisch, Ph. D.
Head Biologist
Gilad specializes in fish physiology, in particular, sexual maturation and reproduction. Gilad
worked for seven years as a student and a technician in the Fish Reproduction and Fish
Pathobiology Departments at IOLR-NCM in Eilat, Israel. During that time, Gilad gained substantial
experience in the fields of reproductive biology, broodstock management and fish diseases. His
areas of expertise include spawning induction techniques, production and delivery of slow-release
hormonal implants, diagnostics and treatment of various fish diseases, fish sampling and endocrine
analyses. In addition, Gilad has several years of “hands-on” experience with grey mullet and bluefin
tuna reproduction, and during the last decade, has been investigating sexual maturation and
reproduction in wild populations of Atlantic bluefin tuna. Gilad holds a B. Sc. and a M. Sc. (with
honors) from the Hebrew University of Jerusalem. and a Ph. D. from the University of New
Hampshire.
Mr. Eitan Sessler
CEO and Head of Business Development
Eitan is a multi-disciplinary entrepreneur with substantial experience and knowledge in
business development. Eitan provides business development services for pre-seed startups, small
size companies and nonprofit organizations. Prior to founding Latimeria, Eitan held the position of
Operations Manager at Pisga Engineering LTD, an Aerospace and Defense Engineering consultant
company, for five years. Concurrent with his work at Pisga, and for the past two years, Eitan co-
owned and operated Kayamut Solutions LTD, a business and scientific consultant company
providing services for companies in the clean-tech and aquaculture sectors. Eitan is a graduate of
the Kellogg-Recanati Executive MBA program (joint degree of Northwestern and Tel Aviv
Universities) and holds a B.A. degree (with honors) majoring in Entrepreneurship and Marketing
from the Interdisciplinary Center (IDC) in Herzliya, Israel. Eitan is a member of the board of
the Ecological Greenhouse in kibbutz Ein Shemer, a nonprofit organization promoting education,
ecology and social involvement.
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Venture Highlights
Venture led by experienced and driven team
Proven track record in constructing, developing and maintaining large scale commercial
aquaculture and mariculture projects
Vast “hands-on” experience in fish reproduction
Breeding center utilizes an innovative and unique in-house breeding system
Venture is a key element in the multibillion aquaculture industry; one of the fastest growing
industries and a major part in the world food supply
A business with various potential for growth and expansion
A promising combination of team, market, technology and biology!
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