Ashored Inc. Growth and Expansion
Issuer: Ashored Inc.
Ashored Inc. Growth and Expansion
Ashored Inc. Growth and Expansion
Ashored Inc. Growth and Expansion

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Ashored Inc. Growth and Expansion
Issuer: Ashored Inc.
  • Entanglements with fishing gear account for 85% of all North Atlantic Right Whale (NARW) deaths with severe impacts on sea turtles, seals, porpoises and other whale species.
  • Fishing zone closures due to NARW sightings impact individual fishermen between $5 - $60k in lost income daily; with zone closure typically lasting a minimum of 2 weeks.
  • Current fixed-gear fishing involving surface buoys tethered to traps and trawls on the seafloor result in 700,000 tons of ocean waste/plastics per year.
  • 8-10% of fixed fishing gear is lost worldwide yearly. This gear continues to "ghost-fish" for years and kills the equivalent of 4.5% of all annual harvests.

Ashored's technology addresses ALL of these global issues. 

Ashored is the only company in Canada that is designing solutions for rope-on-command (ROC) fishing practices that avoid using vertical fishing lines, unnecessary plastics and encourages gear recovery.

Ashored flagship product is a ROC system that works with existing lobster and crab traps / trawl lines and allows for gear to be activated and rise to the surface via an acoustic signal. In parallel is Ashored's ATLAS software and smart tagging system that maps gear location, automates gear tracking and retrieval and automatic e-logging of catch information. 

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To date, Ashored has been awarded in excess of $1 M in non-dilutive funding through government grants, incubators and a variety of global entrepreneur competitions.

Ashored also has orders with government agencies in Canada and the United States as well as several private companies.

 

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