DJ Directorate Change
OTAQ Plc (OTAQ)
Directorate Change
27-Sep-2023 / 07:00 GMT/BST
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27 September 2023
OTAQ plc
("OTAQ", the "Company" or the "Group")
Directorate Change
OTAQ, the innovative technology company targeting the aquaculture, geotracking and offshore markets, announces that
George Watt has stepped down from his position as Non-Executive Director and Chair of the Audit Committee as of 20
September 2023.
George has made a significant contribution to the Company since joining the Board in March 2020, upon admission to the
London Stock Exchange. The Board thanks George for his commitment to the Company's development.
Adam Reynolds, Non-Executive Chairman, commented: "I would like to thank George for all of his work and contribution to
OTAQ during his three years on the Board. He has been a highly valued member of our team and I know that all here at
OTAQ will wish him well with his future endeavours."
Enquiries:
OTAQ PLC +44 (0) 1524 748028
Adam Reynolds, Non-Executive Chairman
Phil Newby, Chief Executive Officer
Justine Dowds, Interim Chief Financial Officer
Dowgate Capital Limited (AQSE Corporate Advisor & Broker) +44 (0)20 3903 7715
David Poutney / James Serjeant
Nicholas Chambers / Russell Cook
Walbrook PR Limited - PR +44 (0)20 7933 8780
Tom Cooper / Nick Rome 07971221972 or 07748325236
OTAQ@walbrookpr.com
About OTAQ
OTAQ is a highly innovative technology company targeting the aquaculture, geotracking and offshore markets. It already has a number of established products in its portfolio and is focused on further developing its presence, customer base and cross selling opportunities within core markets both organically and via acquisition.
OTAQ's aquaculture products, which include a sonar device (developed for Minnowtech LLC) to scan shrimp in ponds and water quality monitoring, are focused on maximising welfare and production yields. Additionally, the Company is developing a potentially game changing live plankton analysis product for finfish and shellfish farmers. It also continues to target opportunities in the acoustic deterrent devices market via its Sealfence product, which is used by salmon farmers, with global opportunities in Chile, Australia, Canada and Norway.
The Company is also developing high accuracy location trackers for specialist applications. Having already added clients within safety and multiple participant sport/racing applications, the Company is investigating wider market potential - including opportunities in the seafood industry.
OTAQ's offshore product range includes OceanSense subsea leak detection, Eagle IP camera systems, Lander seabed survey devices and Subsea electrical connectors and penetrators. It is targeting a number of growth opportunities in new territories and has a strong client base including Expro, Amphenol and National Oilwell Varco. The Company is also focused on the development of new products through this division, with the aim of increased cross-deployment of skills and technologies into the aquaculture arena.
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ISIN: GB00BK6JQ137 Category Code: MSCU TIDM: OTAQ LEI Code: 213800CZGMYB5XTUXJ52 Sequence No.: 274067 EQS News ID: 1734939 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
September 27, 2023 02:00 ET (06:00 GMT)
