Virginia Patent of the Month – November 2022
From research to habitat support, ocean aquaculture often requires significant infrastructure that needs to be secured in place. Most organizations use some form of taut-line mooring systems which use tension to hold the vessels in place relative to each other. Unfortunately, holding vessels in a fixed location brings about extra challenges Between collisions and entanglement, this type of infrastructure is costly and complex. Forever Oceans Corp. has built a lagoon system capable of reliably mooring a pen in place.
Forever Oceans have set their engineering expertise on building the most sustainable, scalable, deep-water aquaculture platforms. In order to unlock their vision of feeding the world’s population with a sustainable protein, their aquaculture systems must be cost-effective and capable – without further polluting the planet.
Their mooring system uses a semi-rigid outer ring attached to a sea anchor. The structure ensures that any vessel or object is oriented towards the current and towards each other. They are kept separate by the same sem-rigid pipes in order to prevent entanglement. This outer ring and pipe system is designed with HDPE pipes bracketed and lashed together as needed, increasing the total structural strength. A central component acts as a meeting place where spoke lines join. The overall effect is a wheel with spokes. Submergible net pens are positioned, held in place at specific depths.
These designs have supported Forever Oceans as they raise fish in the deep sea, where water is pristine and fish thrive in their natural habitat. Their key product is their Forever Oceans™ Kanpachi, a flavorful source of healthy protein. They currently employ these designs off the coasts of Panama, Brazil, and Indonesia for markets across the United States.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.