OTAQ Plc: Director Change (1583721)
16 Março 2023 - 4:00AM
UK Regulatory
OTAQ Plc (OTAQ) OTAQ Plc: Director Change 16-March-2023 / 07:00
GMT/BST
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16 March 2023
OTAQ plc
("OTAQ", the "Company" or the "Group")
Director Change
OTAQ plc (OTAQ.AQ), the innovative technology company targeting
the aquaculture, geotracking and offshore markets, announces that
Malcolm Pye will resign from the Board with effect from 31 March
2023. Malcolm joined the Board in February 2021 as an Independent
Non-Executive Director serving on both the Remuneration and
Nomination Committees.
Phil Newby, Chief Executive Officer, commented:
"On behalf of the entire Board, I would like to sincerely thank
Malcolm for his work and invaluable advice, particularly in
relation to the aquaculture industries we are targeting, whilst
retaining an independence that helps deliver the strong corporate
governance required by our shareholders."
Malcolm Pye said:
"I have thoroughly enjoyed my time on the Board of OTAQ
participating in the evolving strategy of the Company as it targets
new markets. I believe that I depart the business with many
exciting opportunities ahead with strong management and an
experienced Board so that it is well placed for the next stage of
its development."
Enquiries
OTAQ plc +44 (0)1524 748028
Adam Reynolds, Chairman
Phil Newby, Chief Executive Officer
Matt Enright, Chief Financial Officer
Dowgate Capital Limited - AQSE Corporate Advisor & Broker +44 (0)20 3903 7715
David Poutney / James Serjeant
Russell Cook / Nicholas Chambers
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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Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EQS Group. The issuer is solely responsible for the
content of this announcement.
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ISIN: GB00BK6JQ137
Category Code: BOA
TIDM: OTAQ
LEI Code: 213800CZGMYB5XTUXJ52
Sequence No.: 230181
EQS News ID: 1583721
End of Announcement EQS News Service
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(END) Dow Jones Newswires
March 16, 2023 03:00 ET (07:00 GMT)
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