OTAQ Aquaculture introduce new Business Development Manager role

03/02/2022

 

We are pleased to announce the appointment of Gareth Hammond as Business Development Manager for OTAQ’s Aquaculture division as part of our continued commercial expansion strategy.

Gareth, who joins us from Vaki where he was managing their fish counter and net pen aeration UK and Ireland business for over five years, said “My focus is to promote and grow the Aquaculture business for OTAQ’s expanding product portfolio within the industry globally. OTAQ’s approach towards innovative technology and collaborative working with customers to find practical solutions that improve their operational efficiencies are key reasons for me wanting to join the OTAQ team. I look forward to getting involved.”

Our Chief Commercial Officer, Richard Beesley, who joined OTAQ in August 2021 said, “Gareth’s appointment is an important step in our overall growth strategy for the Aquaculture market. With his wealth of knowledge and experience in fish farming technologies and operations, as well as his enthusiasm to bring innovative solutions to market, Gareth is a great fit and we are very pleased to have him join the team.”

As well as expanding sales on OTAQ’s existing products such as our acoustic deterrent system Sealfence,  underwater IP cameras and laser measurement systems, Gareth will be focused on the  introduction of exciting new OTAQ marine technologies that will be coming to the market within the next 12 months.

For any queries relating to our product range and sales please contact [email protected]

26/01/2022

Richard Beesley Joins OTAQ as Chief Commercial Officer

07/10/2021

As part of a major commercial expansion strategy, Richard Beesley has been appointed as Chief Commercial Officer, who will join our senior leadership team. 

Richard brings with him over 20 years of knowledge and experience of working in senior leadership roles within offshore energy and marine markets, where he focused on engineered protection solutions, for high value equipment operating in harsh environments. He has a proven track record of strategic business development, having produced and managed multi-million-pound business growth opportunities, in new international markets and adjacent market sectors. Calling upon this experience, Richard will be responsible for delivering OTAQ Group’s substantial commercial development plans across its core markets of aquaculture and offshore.

Phil Newby, CEO at OTAQ Group, says: “Richard’s appointment as CCO comes at a key time for our business. We are expanding our presence in the growing global aquaculture and offshore markets by offering unique marine technologies and required an experienced, high performing individual to help drive our plans forward. With Richard’s demonstrated success of global business growth initiatives in offshore markets, he fits nicely into our senior team and we are very pleased to have him onboard.”

Richard will be based out of OTAQ’s Lancaster office and will work closely with the other existing sites in Aberdeen, Ulverston, Carnforth and Chile, to build a market-leading business within target sectors.  

OTAQ Expands Integrated Suite of Innovative Products for Underwater Sensor Platforms

07/10/2021

OTAQ Offshore release a suite of new and updated integrated underwater products enabling the viewing and capture of high-definition imagery from tethered sensor platforms.

With shallow and deep-water configurations available, the suite builds on OTAQ’s pre-existing Eagle IP range of underwater vision and integration products adding increased functionality and performance.

Designed for multiple underwater applications in the inspection, survey, environmental monitoring and research sectors, the versatile suite enables target identification and characterisation even in challenging environmental conditions. With all products in the suite controlled via Internet Protocol (IP), integration, configuration, and testing activities are simplified, allowing optimisation of operational times and efficiency. Advanced optics generate work imagery that can be viewed live from anywhere in the world that has internet connectivity, enabling accelerated decision making based on high-quality data.

With depth options to 4000m, the newly expanded Eagle IP suite includes:

Q-Link Pro for Coaxial Platforms – improved central power distribution and communications bottle, provides 24VDC, 10/100 ethernet connections & serial connections

  • Q-Hub Pro for Fibre Optic Platforms – improved central power distribution and communications bottle, provides 24VDC, 10/100/1000 ethernet connections & serial connections
  • DSLR Still Camera – new 24.5 Megapixel camera with CMOS Full Frame Image Sensor and optional Freshwater Lens
  • 180° & 360° FOV 4K Cameras – real-time full orbital viewing for situation awareness
  • Fixed & Zoom 1080p Camera – 1080p lowlight colour cameras for target viewing
  • LEDs – new 4000 lumen LEDs with full range dimming illumination
  • Laser Scaler – twin lasers with camera for target characterisation
  • Connectivity for 3rd party sensors

 

The capability of OTAQ’s approach has been recently demonstrated with the supply of Seabed Lander systems, with the Eagle IP suite onboard, to Unique Group. OTAQ was selected as Unique Group’s partner of choice for this challenging supply based on Unique’s previous exposure to the Eagle IP range and OTAQ’s highly experienced in-house engineering team. The Lander system is a robust, modular subsea survey platform that operates as a sledge, lander or drop camera system. It is designed to be versatile and scalable, accommodating multiple cameras, lights, and sensor configurations to suit individual deployment requirements.

OTAQ Business Development Manager, Callum Magee, explained: “We have continued to expand the Eagle IP range in terms of individual products but also, just as importantly, in terms of flexibility when integrating to platforms like Unique Group’s Lander systems. As well as the subsea components, we have supplied the full topside rackmount power and comms solution, brought new products like the stills camera and IP LEDs to bear, while engineering in the ability to adapt and change the loadout to suit different project requirements”.

Hot on the heels of the release to market of the industry leading OceanSENSE 4 system, that detects all known fluorescing dyes used in subsea leak detection, the enhanced Eagle IP suite is another demonstration of OTAQ’s continued commitment to innovation and meeting customer’s needs. To view the Eagle IP range and Unique Group’s Subsea Lander, visit OTAQ Offshore on Stand V38 at Ocean Business 2021, 12th – 14th October, National Oceanographic Centre, Southampton UK.

OTAQ launch OceanSENSE 4 subsea leak detection system

11/08/2021

OTAQ Offshore is proud to announce the final word in subsea leak detection with the release of the OceanSENSE 4.

Designed to detect all fluorescing trace dyes used in subsea leak detection from a single 6000m rated Titanium housing, the OceanSENSE 4 utilises the same core technology as the industry standard OTAQ OceanSENSE subsea leak and cement returns detection system.

With two units purchased and in the field with two separate clients, the ROV mount OceanSENSE 4 enables operators to instantly switch between detecting different dye types ‘on-the-fly’ via the newly designed topside software. The ability to detect all dye types means there is no requirement to mobilise multiple detection configurations or recover the ROV to surface. OceanSENSE 4 is engineered to save operators time and money and to eliminate all risk associated with sensor and dye incompatibilities.

Utilising cutting edge technology OceanSENSE 4 is extremely capable. When mixing fluorescing dye into the carrier medium, the industry standard is 200,000 parts per billion – all OceanSENSE models detect dye to 6 parts per billion. The sensor feedback based topside software removes human judgement and inconsistencies from the detection operation. The OceanSENSE 4 unequivocally informs the operator when dye is present in the water column thus, depending on the application, locating the leak, confirming asset integrity or confirming the arrival of cement at the seafloor.

OceanSENSE was first released to the market in 2009, with operators rapidly positioning the system as the global industry standard for subsea dye detection. To date, OceanSENSE technology has achieved in excess of 50,000 offshore days on over 1000 subsea projects. The OceanSENSE 4 builds on this pedigree by ensuring increased operator flexibility while delivering repeatability of results, protecting the environment and reducing offshore operational costs.

Dr Harry Rotsch, inventor of the OceanSENSE range, expands; “as the industry looks to rebound from ongoing pressures and recent global events, the 4 dye detection system is the natural evolution of OceanSENSE. We have always looked to offer the best technical solution while responding to market forces. The system will continue to position OceanSENSE at the forefront of subsea dye detection for the rest of this decade”.

OceanSENSE 4 is available for hire or sale directly from OTAQ Offshore, for further information or to arrange a product demonstration please click here

OTAQ Offshore launch Eagle IP Vision, a portable recording system for underwater cameras

04/02/2021

We are pleased to announce the launch of the Eagle IP Vision. A brand-new product set to fill a gap in OTAQ’s offering, Eagle IP Vision is an addition to the current Eagle IP range which will enable users to record video for underwater HD cameras.

Complimenting our existing Eagle IP system, the new piece of kit is a portable recording system compatible with our existing Eagle IP HD underwater cameras designed for use in harsh environments, complete with a robust, waterproof multi-point touch-pad. The Haptic feedback enables the system to be fully operational in all weather conditions.

Eagle IP vision has been engineered for operation in open boats and on back decks of larger vessels, and is designed around an industry-standard PELI case that is fully IP65 waterproof rated when open (IP67 when closed).

The Eagle IP Vision will give users the ability to deploy the market-leading system capturing footage from some of the world’s harshest, most remote environments, and is set to benefit a long list of industries including offshore energy, pipeline inspection, Aquaculture for seabed surveys and general underwater inspection i.e moorings and nets, and onshore operations such as public utilities and hydro dams.

Chris Hyde, Chief Technology Offer, OTAQ, said: “Our highly experienced engineering team has brought this technology to life over the past year, and we are please to be able to offer this new product to complete our Eagle IP system”.

“Innovation is at the forefront of everything we do, and this latest addition bolsters our position as global experts in underwater technology.”

For more information about OTAQ please visit www.offshore.otaq.com

OTAQ acquire ROS Technology

09/11/2020

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, is pleased to announce the acquisition of the trade and assets of ROS Technology Limited (“ROS Technology”).

OTAQ has acquired the trade and assets of ROS Technology for a consideration of up to £300,000 to be satisfied from existing cash resources (the “Acquisition”). The Acquisition consideration comprises initial consideration of £225,000 and up to a further £75,000 of deferred consideration, payable in two instalments of £37,500 over the next two years, subject to certain criteria.

Founded and managed by Dr Peter Robinson, ROS Technology is an innovative technology business which specialises in electronics and mechanical design in multiple industries including aquaculture and offshore. The Acquisition will add existing revenue generating contracts and greatly enhance OTAQ’s aquaculture R&D capability as the Company looks to broaden its product offering.

As part of the Acquisition, Peter will join the Company and have responsibility for the continued development of the acquired ROS Technology products as well as joining the existing OTAQ R&D team. A technology innovator for over 40 years and formerly a founder of OTAQ and designer of the original SealFence product, Peter is well known to the Directors of OTAQ and has recently assisted the Company in its work with the US aquaculture company, Minnowtech LLP.

For the unaudited year ended 30 June 2020, ROS Technology generated revenues of approximately £312,000 and made a profit before tax of approximately £152,000. As at 30 June 2020, its unaudited gross assets amounted to approximately £196,000.

Commenting on the Acquisition, Phil Newby, Chief Executive at OTAQ, said:

“We are very pleased to welcome Peter back to OTAQ through the acquisition of his business, ROS Technology. Peter is well known to the Directors of OTAQ and has a first-class track record for developing ground breaking technologies.  At a time where OTAQ is broadening its product and service portfolio to a global client base looking for competitive advantage in its markets, this is an exciting addition to our research and development capability.”

 

Major Contract Win For OTAQ with Unique Group

22/10/2020

World class marine technology company, OTAQ Offshore, has today announced a significant contract award and exclusive supply agreement with Unique Group to supply a number of seabed landers.

The Aberdeen based company, a subsidiary of OTAQ PLC, with offices in Lancaster, Ulverston and Puerto Montt in Chile, will design and build the observation platforms in collaboration with Unique Group.

Commonly used to record physical, chemical and biological activity, OTAQ Offshore will fit the seabed lander systems with inspection products, such as very high-resolution stills cameras, Eagle IP video cameras, OceanSENSE leak detection system and Dragonfish laser measurement systems. The systems will also be configured to carry other third-party supplied inspection and monitoring equipment.

Two models are in line to be produced; a shallow-water version rated to 300m and a deep-water version rated to 4000 metres, available for rental and sale exclusively through Unique Group’s worldwide office network. Independently owned with global reach, Unique Group leads the way in providing engineering, expertise, sales and rental equipment, as well as the developing and implementing the latest technology for the marine, diving, pipeline and subsea market sectors. The two models will allow clients to use the landers in a range of applications using their existing cables and winches.

Phil Newby, Chief Executive Officer, OTAQ plc said: “We are thrilled Unique Group chose OTAQ Offshore to support them with this project. We have an exceptional team of engineers, whose skills are uniquely suited to this type of activity. Having Unique Group as our exclusive partner for sales and rentals will open new doors for us, as well as strengthen our position as a world class marine technology company.”

Chief Operating Officer at Unique Group, Sahil Gandhi, said: “We are excited to be able to further our partnership with OTAQ Offshore by collaborating on the development of seabed landers. Through this launch, we reiterate our commitment to offering exceptional products and solutions to our customers globally, and look forward to future innovations with OTAQ.”

Unique Group employs over 500 people worldwide through its six multi-site divisions: Survey Equipment; Autonomous Survey Vessels; Marine & Subsea; Diving & Life Support; Buoyancy & Ballast; and Medical Technology.

 

OTAQ Expands Chile Office To Accommodate Growth

23/09/2020

We’re pleased to announced OTAQ’s Chile division has acquired a larger office space following a number of project wins, also resulting in the creation of several new positions.

The 100m2 office space, three times the size of the previous office, will accommodate the team of five, an increase from a headcount of two in just 12 months. Future team growth throughout the remainder of 2020 is also expected as we continue our drive for growth, developing our range of marine technology products.

OTAQ’s specialist product range is ideally suited to specialist Chilean sectors, especially mining and oil and gas. The highly innovative company first opened its Chile base in July 2016, providing services in Aquaculture, specifically SealFENCE and SealFENCE portable, with plans to introduce the wider range of standard OTAQ products to the Chilean market.

Phil Newby, Chief Executive Officer, OTAQ Group, said: “Having established the OTAQ name and our products in Chile, we’re delighted to be moving into a bigger space which will allow us to expand our capabilities. The move to larger premises now sets the stage for us to establish a full-service offering in Chile over the coming years.”

OTAQ Group’s Chief Operations Officer, Steve Burns who heads up the Chile office, said: “This is fantastic news for the group and shows our continued commitment and confidence in the region. Our team in Puerto Montt have done a truly excellent job getting the new facility up and running so quickly.”

Offering world class technology for aquaculture, OTAQ has 36 staff members across the four worldwide locations; Puerto Montt in Chile and Lancaster, Aberdeen and Ulverston in the UK.

OTAQ will be at stand B327 at Aqua Sur, the largest international aquaculture exhibition in the southern hemisphere, which will take place in Puerto Montt, Chile from 3-5 March 2021.

OTAQ to help get new talent into the tech and electronics sector in Lancaster over the coming years!

16/09/2020

We have some fantastic news to announce for the Lancaster Electronics scene! We are pleased to announce OTAQ Group Ltd and a number of other Lancaster electronics businesses have been successful as a consortium in receiving funding from the UK Government’s Fast Track Digital Workforce Fund to help get new talent into the tech and electronics sector in Lancaster over the coming years.

The project – known as Tech Lancaster – was one of 14 projects to receive funding from a £3 million joint venture between UK Government (DCMS), Greater Manchester Combined Authority (GMCA) and Lancashire Digital Skills Partnership (LDSP) – this pilot programme is the first of its kind in the UK. The fund will be utilised to provide employer led top-up technical training in and around the Lancaster area for both existing and prospective staff, with participants who finish the scheme guaranteed interviews at consortia companies. The training will include distance learning modules (MOOCs) and workshop/lab based tuition to help candidates gain industry specific skills (such as IPC certification) to make them work ready for local employers in the electronics and tech sector.  The consortia will be working in conjunction with Lancaster and Morecambe College and other partners to deliver the scheme.

We are incredibly proud to be working with other electronics companies in our area to help address the skills gap and make a difference to those underemployed groups within our community. Recruitment and retention in the electronics industry is a constant challenge and as a company we strive to do our best to address this challenge and do what we can to make a difference.

Applications to join the programme are open to all and enrolment will commence in late September through the Tech Lancaster website. You can also follow the hashtag #FastTrackFund on social media.

Social Media Links

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Norwegian Offshore Rental To Represent OTAQ Offshore in Norwegian Sector

09/09/2020

Norwegian Offshore Rental AS (NOR) has recently signed a rental agreement with OTAQ Offshore (OTAQ) to represent the company’s technology and products in the Norwegian offshore sector.

NOR is a significant provider of rental equipment to the offshore, subsea, and fish farm industries. The Haugesund based company offers hundreds of rental equipment. Earlier this year, they opened a second office in Aberdeen in order to better serve the offshore and subsea industry from both sides of the North Sea.

Based in Aberdeen, Scotland, OTAQ are experts in engineering and manufacturing underwater leak detection systems, laser measurement and video processing technologies. The company supports customer activities in the offshore energy, aquaculture, commercial diving, defence and oceanographic research industries worldwide. On the addition of OTAQ products to NOR’s extensive product portfolio of underwater equipment, Olafur Gislason, Managing Director, stated: “We are always looking to grow our inventory with the best products on the market. This is part of our ongoing mission to provide quality equipment and service to the offshore and subsea industries.”

The agreement will see NOR represent a number of industry-renowned technologies, including the OceanSENSE and DragonFish solutions. Deployed in the dual roles of subsea leak and cement returns detection, OceanSENSE is recognised as the industry standard and has been deployed successfully for over 50,000 offshore days globally. The offshore proven DragonFish high precision laser measurement system generates sub-millimetric measurements of welds, chains and other targets from a low cost easy to operate package. NOR will also represent OTAQ’s new Eagle IP range of high quality IP ethernet underwater HD cameras and IP integration infrastructure products. As well as these solutions, NOR will have access to OTAQ Groups aquaculture and connector portfolios and already have multiple OceanSENSE units based in Haugesund available for rapid mobilisation.

Callum Magee, Offshore Business Development Manager at OTAQ Group, added: “The development of our distributor network is a key element of our market penetration strategy and we are delighted to be working with NOR, their knowledge, ethos and energy fits perfectly with OTAQ’s long-term goals”.

Chris Hyde appointed as CTO and Maurice Coull as Chief Engineer

03/09/2020

OTAQ Group has today announced the appointment of two key figures as the underwater tech company continues its drive to grow turnover to £50m by 2025. Chris Hyde steps into the role of as Chief Technology Officer having filled the position of Chief Commercial Officer since 2015 and Maurice Coull joins the marine technology company as Chief Engineer.

Phil Newby, Chief Executive Officer, OTAQ, said “We’re delighted Chris has taken on this key role and that Maurice has agreed to join OTAQ. with both of them ready to push ahead with product development plans. With a combined 65 years of industry experience, Chris and Maurice have the expertise and enthusiasm needed to strengthen and support the engineering department with innovative new product development.

“Chris has proven to be a key member of the team over the last five years’ as Chief Commercial Officer. Having steered the team to develop industry leading systems for aquaculture and offshore energy markets, including IP cameras, lead detection, laser measurement systems, connectors and penetrators, we’re looking forward to seeing him build on his achievements.

“Maurice is an accomplished engineer within the Diving and Remote Technology sector. With an eye for quality and an in-depth understanding of detail in concept, design and manufacturing, he is a valued and exciting addition to OTAQ.”
A founding member of the OTAQ team, Chris has over 25 years’ experience in systems and technology for aquaculture and offshore energy. This experience, combined with a drive to build an even stronger product development team will see OTAQ deliver new product lines across the group.

Chris Hyde, Chief Technology Officer, OTAQ said “I am really looking forward to my new role and the new challenges that will come with the position. I plan on delivering an enhanced product strategy focussed on aquaculture, primarily targeting, algal bloom analysis, video-based AI technologies, control and data platforms and enhancing our predator deterrent systems.”

Over the last five years, Maurice has led the build of large projects primarily for new clients in Singapore, as Engineering Manager & Technical Authority at Fathom Systems. Prior to this, he ran his own engineering company, Immerse Technologies Ltd, for over eight years working for clients in the Aberdeen area. As Chief Engineer for OTAQ Group, Maurice will drive product development, primarily with a focus on OTAQ Aquaculture Ltd where several ongoing long-term projects are in progress.

Maurice Coull, Chief Engineer, OTAQ, said “I am looking forward to starting the next stage of my career with OTAQ, using my ROV, Autonomous Underwater Vehicle and most recently Diving System experience to lead product development. This is a very exciting time to join the company and I am eager to see what lies ahead.”

OTAQ Board changes

29/06/2020

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces the appointment of Matt Enright to the Board as Chief Financial Officer and Company Secretary at the Company Board meeting held on 26 June 2020.

Matt Enright, who joined the Company on 1 April 2020 is replacing interim Chief Financial Officer Simon Walters who oversaw the successful transaction to list OTAQ on the Stock Market and to raise new monies and has stood down from the Board.

Matt qualified as a chartered accountant in 2003 with Baker Tilly (now RSM). He has experience of working with internationally focussed growth businesses across a range of industries. Matt moved into the private sector in 2006 where he worked with owner-led and private equity-owned businesses. Matt joined TRM Packaging as Finance Director in 2013, a specialist cardboard box manufacturer, helping to grow the business before playing a prominent role in the sale of the business to DS Smith plc.

Alex Hambro, Non-Executive Chairman, commented: “I would like to acknowledge Simon’s significant contribution since the Autumn as Chief Financial Officer in the successful completion of the Hertsford and OTAQ deal. The transaction benefitted greatly from his experience. We wish Simon the very best for the future.

“OTAQ is an ambitious company with a strategy to further expand globally. We have a strong Board and Executive team committed to delivering our innovative products to the aquaculture and offshore industries which are embracing the benefits that applied technologies can bring to their businesses. We welcome Matt to the team and look forward to his contribution.”

Commenting on his appointment Matt Enright added: “I’m delighted to have joined OTAQ at such an exciting time and look forward to working with the team to help continue and build on the recent successes of the business.”


Contacts:

OTAQ plc Via Walbrook
Alex Hambro, Non-Executive Chairman
Phil Newby, Chief Executive Officer

Dowgate Capital Ltd (Broker & Adviser) 020 3903 7715
James Serjeant

Walbrook PR Ltd Tel: 020 7933 8780 or [email protected]

Tom Cooper/Nick Rome/Nicholas Johnson 0797 122 1972 or 07748 325 236 or 07884 664 686

About OTAQ:

OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It has 36 employees in four worldwide locations: Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile. OTAQ’s marine technology portfolio includes a market-leading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.

The Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. The Dragonfish laser measurement system is fast becoming recognised as one of the most accurate underwater precision laser measurement systems available. OTAQ also has significant experience in the design & manufacture of underwater connectors, penetrators & communication systems.

It seeks to develop and continuously improve its products using its specialist mechanical, electronic and software engineers with decades of experience in bringing underwater technology products to market.

OTAQ is proud to be fully ISO 9001;2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ’s commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.

Company name changed from Hertsford Capital plc to OTAQ plc

25/06/2020

25 June 2020

OTAQ plc
(formerly named HERTSFORD CAPITAL PLC)
(the ‘Company’)

Change of Name

The Company is pleased to confirm that it received on 24 June 2020 confirmation from Companies House that its name has been changed and formally registered as OTAQ plc.

Contacts:

OTAQ plc Via Walbrook
Alex Hambro, Non-Executive Chairman
Phil Newby, Chief Executive Officer

Dowgate Capital Ltd (Broker & Adviser) 020 3903 7715
James Serjeant

Walbrook PR Ltd Tel: 020 7933 8780 or [email protected]

Tom Cooper/Nick Rome/Nicholas Johnson 0797 122 1972 or 07748 325 236 or 07884 664 686

About OTAQ:

OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It has 36 employees in four worldwide locations: Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile. OTAQ’s marine technology portfolio includes a market-leading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.

The Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. The Dragonfish laser measurement system is fast becoming recognised as one of the most accurate underwater precision laser measurement systems available. OTAQ also has significant experience in the design & manufacture of underwater connectors, penetrators & communication systems.

It seeks to develop and continuously improve its products using its specialist mechanical, electronic and software engineers with decades of experience in bringing underwater technology products to market.

OTAQ is proud to be fully ISO 9001;2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ’s commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.

OTAQ Group Invests in Aquaculture Technology Start-up Minnowtech

03/06/2020

OTAQ Group to provide technical expertise and commercial scale-up to US-based Minnowtech

June 1, 2020, Lancaster, UK – OTAQ Group, a marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors, today announced its investment in Minnowtech LLC, an innovative aquaculture technology company that provides an imaging platform to enable shrimp farmers to measure shrimp abundance to optimize feeding. Using Minnowtech’s unique IP and data-based imaging tool, shrimp farmers are able to optimize the health and growth of their crop, enhancing the harvest of market-size shrimp.

OTAQ Group, a multinational marine technology group listed on the London Stock Exchange, has become a leader in several areas of technology for salmon farming with a client list that includes the world’s biggest fish farming companies.

With this new investment in Minnowtech, OTAQ Group aims to broaden its reach into innovative technologies to help farmers grow other species such as shrimp. This investment gives Minnowtech an industrial partner with technical expertise and decades of in-house aquaculture industry experience to help further develop and launch Minnowtech’s emerging technology. OTAQ Group will additionally assist with hardware development using its expertise in underwater acoustics and electronics.

“We are delighted to have made this deal to support Minnowtech and help them commercialize the fantastic technology they have developed,” said Chris Hyde, Chief Commercial Officer of OTAQ Group. “We believe aquaculture is the key to sustainable food production and are very excited to be involved in a technology specifically aimed at the shrimp sector. This investment fits very well within our strategy.”

“Having OTAQ Group involved is great for us and validates the hard work that the team here has put into our technology,” said Suzan Shahrestani, founder and CEO of Minnowtech. “Having access to their product development expertise and market knowledge is going be a great advantage for us. We look forward to working closely with OTAQ in the future.”

Matt Enright joins OTAQ plc as Chief Financial Officer designate as of 1 April 2020.

24/04/2020

Matt qualified as a chartered accountant in 2003 with Baker Tilly (now RSM). He has experience of working with internationally focused growth businesses across a range of industries. Matt moved into the private sector in 2006 where he worked with owner-led and private equity-owned businesses. Matt joined TRM Packaging as Finance Director in 2013, a specialist cardboard box manufacturer, helping to grow the business before playing a prominent role in the sale of the business to DS Smith plc.

Phil Newby, Chief Executive, commented: “OTAQ is an ambitious company with a strategy to further expand globally. We have a strong team committed to delivering our innovative products to the aquaculture and offshore industries which are embracing the benefits that applied technologies can bring to their businesses. We welcome Matt to the team and look forward to his contribution.”
Commenting on his appointment Matt Enright added: “I’m delighted to have joined OTAQ at such an exciting time and look forward to working with the team to help continue and build on the recent successes of the business.”

OTAQ announces its admission to the Main Market of London Stock Exchange On Tuesday 31 March 2020

31/03/2020

OTAQ commenced trading on the Main Market of the London Stock Exchange on Tuesday 31 March. The Company itself continues to operate with the same business model and management team as when it was private. As part of the listing process it raised £1.5m, which will be used to develop operations and pursue its global growth ambitions.

A detailed background to the Company’s admission is set out in the Prospectus document which can be found on the Company’s website, www.otaq.com.

OTAQ is a Market Leader in Growing Markets:
• As a developer of products for aquaculture, in particular salmon farms, offshore energy, renewables and oceanographic research, OTAQ operates in strong growth markets.
• Its core aquaculture product, Sealfence, significantly improves yields for the salmon farming industry by reducing the frequency of predator attacks using acoustic technology.
o The International Salmon Farmers Association 2018 Report stated that salmon farming was worth almost $15.4 billion p.a.
o Finfish farming is a £138.5bn annual turnover industry.
o Farm-raised seafood expected to rise to 62% of all consumed by 2030, up from 49% in 2012.
o OTAQ holds a 42% market share of predator-defence technology in Scotland, with expected equivalent market share growth in Chile, the world’s second-largest salmon farming country with c.6,000 cages.
o The combination of 12 and 48 month rental contracts and recurring monthly purchase orders underpins strong earnings visibility.
o Blue chip client base includes The Scottish Salmon Company, Mowi, Scottish Sea Farms and Multiexport Foods.
o Set to benefit from continued growth in global salmon production.
• Other products include a range of sub-sea cameras, laser measuring devices, leak detection systems and high integrity electrical connectors for use in the offshore oil & gas market.
• Diverse geographical reach – including Scotland, Chile, Scandinavia and Russia.
• Company to expand its offering by designing, developing and launching new products including biomass measurement and bloom and plankton detection.
• On Admission, the Company will have 30,548,599 ordinary shares, a market capitalisation of £17.6 million on Admission at the placing price of 57.5p.

The strategy of the enlarged group is to build a business of significance within the aquaculture industry, focussed on helping salmon farmers become more effective and helping them overcome challenges in their operations. Over time, the enlarged group intends to have a range of products designed to meet these needs that are based on a common infrastructure and a cloud-based information system. The strategy is to design, develop, install and support these products on an ‘Infrastructure as a Service’ basis on long-term rental contracts.


Contacts:

OTAQ Via Walbrook
Alex Hambro, Non-Executive Chairman
Phil Newby, CEO

Dowgate Capital Ltd (Broker & Adviser) 020 3903 7715
James Serjeant

Walbrook PR Ltd Tel: 020 7933 8780 or [email protected]

Tom Cooper/Nick Rome/Nicholas Johnson 0797 122 1972 or 07748 325 236 or 07884 664 686

About OTAQ:

OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It has 36 employees in four worldwide locations; Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile. OTAQ’s marine technology portfolio includes a market-leading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia.

The Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. The Dragonfish laser measurement system is fast becoming recognised as one of the most accurate underwater precision laser measurement systems available. OTAQ also has significant experience in the design & manufacture of underwater connectors, penetrators & communication systems.

It seeks to develop and continuously improve its products using its specialist mechanical, electronic and software engineers with decades of experience in bringing underwater technology products to market.

OTAQ is proud to be fully ISO 9001;2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ’s commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.

OTAQ sign exclusive agreement with Unique Group

25/03/2020

Leading integrated subsea and offshore solutions provider, Unique Group, has recently signed an exclusive rental agreement with UK-based OTAQ Offshore to represent the latter’s technology and products across the Middle East, APAC and the Americas.

Experts in engineering and manufacturing underwater leak detection systems, laser measurement and video processing technologies, OTAQ Group supports customer activities in the offshore energy, aquaculture, commercial diving, defence and oceanographic research industries worldwide. The addition of OTAQ products to Unique Group’s diverse portfolio of survey equipment solidifies Unique Group’s consistent effort to provide customised integrated solutions to clients.

The agreement will see Unique Group represent a number of industry-renowned technologies, including the OceanSENSE and DragonFish solutions. Deployed in the dual roles of subsea leak and cement returns detection, OceanSENSE is recognised as the industry standard and has been deployed successfully on over 1000 offshore projects globally. Proven to work efficiently in the offshore environment, the DragonFish’s high precision laser measurement system generates sub-millimetric measurements of welds, chains and other targets from a low cost easy to operate package.

Unique Group will also represent OTAQ’s new Eagle IP range of high quality IP ethernet underwater HD cameras and IP integration infrastructure products. This equipment, along with a number of additional specialist systems, will be made available to clients through Unique Group offices located in the partnered regions.

Harry Gandhi, CEO at Unique Group, commented: “Staying true to our image as a global integrated solutions provider, our partnership with OTAQ is testament to our ambitious strategic plans for 2020. Through this partnership, we reiterate our commitment to offering world class products and solutions to our customers globally and look forward to strengthening our rental inventory in these regions.”

Phil Newby, CEO at OTAQ Group, added: “Following a period of rapid expansion for OTAQ over the last 12 months, we’re excited to collaborate with Unique Group to further bolster our presence in the Middle East, APAC and the Americas and bring to our customers the best-in-class leak detection and underwater laser measurement technologies.”

How we are responding to the covid-19 virus developments

16/03/2020

The OTAQ Group of companies will, at all times, continue to follow UK Government guidelines on how to deal with covid-19. We have received advice from our insurers on the matter and will take their advice into account when making decisions on the operation of our businesses. With immediate effect, any employee exhibiting symptoms of covid-19 (as defined by the Chief Medical Officer of the UK Government) must immediately self-isolate and report this to their line manager. They must remain at home until given clearance to return to work by a medical professional.

The OTAQ Group Directors are taking this matter extremely seriously and continue to monitor the situation as it develops. We are in the process of instigating the following should it become necessary to do so;
• Wherever possible, we are offering client meetings to be “online” rather than face-to-face and avoiding any physical contact, such as handshakes in any meetings that continue on a face-to-face basis.
• We have identified staff and contractors to provide emergency cover for all of our key customer-facing and field support roles within the company should they be required.
• We are following all government guidelines with respect to international travel, isolation & hand-washing protocols. Business travel to high-risk areas has been suspended until further notice.
• We are suspending attending conferences in March and April that require travel, both domestic and international
• Employees are being asked to avoid public transport wherever possible & feasible.
• Hand sanitiser will be installed in all food preparation areas & bathrooms. Government hand washing guidelines will be displayed throughout the company.
• We will instigate deep-cleaning of all our offices should it become necessary. For example, an employee becoming symptomatic or being diagnosed will trigger a deep-clean of that office.
• Colleagues returning from travel, either business or personal, from a high-risk area are being asked to work from home for 14 days irrespective of symptoms.
• Stock rental assets will be stored in Lancaster and Aberdeen to facilitate our ability to supply customers should it become necessary to instigate home working.
• Any employee exhibiting symptoms associated with covid-19 or a cough, cold & sore throat will be asked to self-isolate for 7 days or longer as per government guidelines.
• We are preparing to be able to instigate home working should the situation require it.

We are confident that we can continue to support our customers in the coming weeks and months and that we will be able to provide the level of service necessary to maintain all operating equipment.

If you have any questions or concerns, please contact us on [email protected] or +44 (0) 1524 748080.

The next stage of growth for OTAQ

16/03/2020

OTAQ, which designs, develops and supports marine technology products and solutions for the global aquaculture and offshore oil and gas industries, is pleased to announce that it has agreed a conditional deal to become a publicly listed company on the London Stock Exchange to facilitate its next stage of growth.

Through the listing, when completed, OTAQ will have raised significant additional working capital and will have further options for developing the business. Importantly, it is intended that there will be no change to the Company’s Executive management team or its Operations.

OTAQ will remain in control of all material aspects of its products and the listing will enable the Company to accelerate the development of innovative products and differentiate the business in the marketplace. Using its heritage in sub-sea technology and engineering for the offshore oil and gas markets, OTAQ develops and continuously improves its products using its own mechanical, electronic and software engineers, all with decades of combined experience in bringing underwater technology products to market.

The Company’s management team has many years of experience in aquaculture, marine and underwater technology products and will focus on further growing the business and strengthening its relationships with existing and new customers.

Phil Newby, CEO of OTAQ, commented: “We are excited by the opportunity to develop our operations and our offering to customers and build on the rapid progress made to date. Once completed, the listing and additional capital will help us take advantage of growth opportunities and accelerate the development of new products as we focus on strengthening our position in the aquaculture marketplace.”

For information please contact:

Walbrook PR Ltd Tel: 020 7933 8780 Nick Rome / Tom Cooper / Nicholas Johnson [email protected]

About OTAQ:
OTAQ is a highly innovative marine technology company focused on the marine aquaculture, offshore energy, renewables and oceanographic research sectors. It has 36 employees in four worldwide locations; Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile. OTAQ’s marine technology portfolio includes a market-leading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia. The Oceansense leak detection systems have a global reputation as the industry standard solution and have been deployed successfully on hundreds of jobs. Dragonfish laser measurement system is fast becoming recognised as one of the most accurate underwater precision laser measurement systems available. OTAQ also have significant experience in the design & manufacture of underwater connectors, penetrators & communication systems.

It seeks to develop and continuously improve its products using its specialist mechanical, electronic and software engineers with decades of experience in bringing underwater technology products to market.

OTAQ is proud to be fully ISO 9001;2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ’s commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.

Acquisition of OTAQ for a consideration of £12.4 million

11/03/2020

10 March 2020

THIS ANNOUNCEMENT (AND THE INFORMATION CONTAINED HEREIN) IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, JAPAN, NEW ZEALAND AND SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

This announcement does not constitute an offer of, or a solicitation to subscribe for or purchase, any securities in any jurisdiction including in the United States.

Securities may not be offered or sold in the United States absent registration under the United States Securities Act of 1933, as amended (the “Securities Act”), or an exemption from, or in a transaction not subject to, registration. The Company has not and does not intend to register any securities under the Securities Act, and does not intend to offer any securities to the public in the United States unless registered under the Securities Act or an exemption from such registration is available. No public offering of securities of the Company is being made in the United States.

No communication or information relating to the issue and offering of securities may be disseminated to the public in jurisdictions other than the UK where prior registration or approval is required for that purpose. No action has been taken that would permit an offer of securities in any jurisdiction where action for that purpose is required, other than in the UK.

Hertsford Capital PLC (“Hertsford” or “Company”)

Proposed Acquisition of OTAQ Group Limited Proposed Waiver of Rule 9 of the Takeover Code Share Consolidation Placing of 2,608,694 new Consolidated Shares of 15p each at a price of 57.5 pence per new Consolidated Share and Notice of General Meeting

Hertsford Capital plc (LON:HERT), announces that it has conditionally agreed to purchase the entire issued and to be issued share capital of OTAQ Group Limited (“OTAQ”) and its subsidiaries (“OTAQ Group”).

Highlights

• Acquisition of OTAQ for a consideration of £12.4 million, to be satisfied through the issue of 21,539,904 Ordinary Shares at 57.5 pence each (equivalent to 11.5 pence per ordinary share prior to the Consolidation) • OTAQ designs, develops and supports marine technology products and solutions for the global aquaculture and offshore oil and gas industries. Their marine technology portfolio includes an acoustic deterrent system, designed to protect marine-based aquaculture sites from seal predation, with multiple systems deployed in Scotland, Chile, Finland and Russia. • The strategy of the Enlarged Group is to build a business of significance within the aquaculture industry focussed on helping salmon farmers become more effective and helping them overcome challenges in their operations. Over time, the Enlarged Group intends to have a range of products designed to meet these needs that are based on a common infrastructure and a cloud-based information system. The strategy is to design, develop, install and support these products on an ‘Infrastructure as a Service’ basis on long-term rental contracts. • To reflect the new direction of the Company, the Board is proposing to change the name of the Company to “OTAQ PLC”

Fundraising Highlights

• A conditional placing to raise approximately £1.5 million (before expenses) by the issue 2,608,694 Ordinary Shares at 57.5 pence per Consolidated Share (the “Issue Price”).

• Subject to, inter alia, shareholder approval and admission to trading on the Standard segment of the Official List, the Acquisition of OTAQ and the Placing are expected to complete and trading will recommence on 31 March 2020.

A circular is being posted today to shareholders (the “Whitewash Circular”) which sets out in more detail the background and reasons for the acquisitions, the placing and subscription, and certain other proposals and also includes a notice of General Meeting. A General Meeting of the Company is being convened for 10:00 a.m. on 27 March 2020 at the offices of Fladgate LLP, at 16 Great Queen Street, London, WC2B 5DG. The acquisition of OTAQ will constitute a reverse takeover for the purposes of the Listing Rules and will require the publication of a prospectus (“Prospectus”), prepared in accordance with the Prospectus Regulation Rules and setting out further information on the Proposals and the Enlarged Group and which will be published prior to Admission. The Prospectus will be posted to Shareholders prior to Admission as soon as it is available. The Whitewash Circular and the Prospectus will be available when published on the Company’s website: http://hertsford-capital.com

Hertsford Capital PLC Via Walbrook Harry Hyman, Chairman EGR Corporate Broking (Rule 3 Adviser to Hertsford) Tel: 020 3697 9495 Jonathan Hall Dowgate Capital Ltd (Broker & Adviser to OTAQ) Tel: 020 3903 7715 James Serjeant Walbrook PR Ltd Tel: 020 7933 8780 or [email protected] Paul McManus / Nick Rome Mob: 07980 541 893 / 07748 325 236

HERTSFORD CAPITAL PLC announces it is in discussions to acquire OTAQ Group Limited

12/02/2020

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

HERTSFORD CAPITAL PLC (“Hertsford” or “the Company”) Proposed Acquisition and Suspension of Listing Hertsford announces it is in discussions to acquire OTAQ Group Limited (“OTAQ”). OTAQ designs, develops and supports marine technology products and solutions for the global aquaculture and offshore oil and gas industries. Their marine technology portfolio includes a marketleading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia, see www.otaq.com. Hertsford and OTAQ have entered into non-legally binding heads of agreement providing for the acquisition by Hertsford of the entire issued share capital of OTAQ (“Proposed Acquisition”). The purchase price of the Proposed Acquisition will be satisfied by the issue of new Hertsford shares to the sellers of OTAQ. The Proposed Acquisition is subject to legal, financial and other due diligence and entry into a legally binding agreement. As no binding agreement has yet been reached, the Company cannot guarantee that the Proposed Acquisition will complete. However, due diligence and other technical work is at an advanced stage, and the Company’s Directors are optimistic that the Proposed Acquisition will be completed by the end of Q1 2020. As Hertsford is a cash shell, the Proposed Acquisition is deemed to be a reverse takeover under the Listing Rules, therefore the Company has requested the FCA to suspend its listing with immediate effect.

For information please contact: Hertsford Capital plc www.hertsford-capital.com

Rodger Sargent via Walbrook PR Walbrook PR Ltd Tel: 020 7933 8780 or [email protected] Nick Rome

OTAQ announces that it is in discussions with Hertsford Capital which may result in the reverse takeover by Hertsford.

12/02/2020

OTAQ, which designs, develops and supports marine technology products and solutions for the global aquaculture and offshore oil and gas industries, announces that it is in discussions with Hertsford Capital (“Hertsford”) which may result in the reverse takeover by the Company of Hertsford.

If the acquisition is completed, Hertsford will be renamed OTAQ. There will be no change to the Company’s management team or operations.

Hertsford is a cash shell trading on the London Stock Exchange’s Main Market and was created to acquire a company or business in the technology sector. The two companies have entered into nonlegally binding heads of agreement providing for the acquisition by Hertsford of the entire issued share capital of OTAQ (“Proposed Acquisition”). The purchase price of the Proposed Acquisition will be satisfied by the issue of new Hertsford shares to the sellers of OTAQ.

Phil Newby, CEO of OTAQ, commented: “We are excited by the opportunity to develop our operations and our offering to customers and build on the rapid progress made to date. Should this transaction complete, the listing and additional capital will help us take advantage of growth opportunities and accelerate the development of new products as we focus on strengthening our position in the aquaculture marketplace.”

For information please contact:

Walbrook PR Ltd Tel: 020 7933 8780 Nick Rome [email protected]

About OTAQ:

OTAQ is a highly innovative marine technology company focused on the marine aquaculture sector. It has 36 employees in four worldwide locations; Lancaster, Aberdeen and Ulverston in the UK and Puerto Montt in Chile. OTAQ’s marine technology portfolio includes a market-leading intelligent acoustic deterrent system, designed to protect marine-based aquaculture sites from predation, with multiple systems deployed in Scotland, Chile, Finland and Russia,

It seeks to develop and continuously improve its products using its specialist mechanical, electronic and software engineers with decades of experience in bringing underwater technology products to market.

OTAQ is proud to be fully ISO 9001;2015 accredited through DNV-GL. ISO 9001 is an internationally recognised quality management system and demonstrates OTAQ’s commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates its ability to consistently deliver products and services to market whilst meeting statutory and regulatory requirements by applying an effective quality management system.

NEW range of Wet Mate Micro series connectors available soon! 

29/01/2020

The OTAQ Connectors Wet Mate Micro series have been produced to satisfy increasing demands for a reliable, UK manufactured underwater connector with excellent sealing capabilities and robust design.

The  NEW Wet Mate Micro range is available in a range of pin configurations for all harsh environment operations to suit ROV, Diving, and Offshore underwater markets. Manufactured using high quality materials and utilising the knowledge and experience of our highly experienced engineers and technicians, the OTAQ Wet Mate Micro is a reliable solution for your underwater connector requirements.

The connectors have been produced from high-grade materials and have been manufactured at our Cumbria facility, in line with our ISO 9001:2015 accreditation via DNV GL.

The first OTAQ Wet Mate Micro connectors will be available to see at Subsea Expo in Aberdeen 11-13 February and at Oceanology in London in March

For more information please call us on +44 (0) 1224 673301  or email [email protected]

OTAQ Group has appointed Katie Hodgson as Marketing Manager

08/01/2020

Following significant growth and the recent acquisitions of Link Subsea and Marine Sense into OTAQ Group, we have now appointed Katie Hodgson as Marketing Manager. Katie will be busy launching lots of innovative new products and managing the marketing & branding of the three divisions within OTAQ Group; OTAQ Connectors, OTAQ Aquaculture and OTAQ Offshore.

Katie studied Marketing Management at Copenhagen Business Academy, Denmark and has held a number of marketing positions with experience in implementing the full marketing mix and launching new products to market.

Chris Hyde, OTAQ’s Chief Commercial Officer, said “We have enjoyed rapid expansion over the last 12 months and are now at the stage where we need a dedicated in house marketing manager. Katie brings a great deal of experience to OTAQ and I am delighted that she has accepted the role.”

As we continue to expand we’re looking to recruit a number of positions within the various divisions of OTAQ Group. For more information please visit our careers page!

Katie will be based at OTAQ’s head office in Lancaster, UK and can be reached at [email protected] or +44 7471 770109.

 

OTAQ Group are proud to announce our recent ISO 9001: 2015 quality system certification

22/11/2019

OTAQ Group are proud to announce our recent ISO 9001: 2015 quality system certification

ISO 9001 is an internationally recognised quality management system. For the past few months our Chief Operations Officer, Steve Burns, has been leading the team as we worked towards becoming accredited. We have been supported throughout the process by Dave Hutchinson at Qualiteq and we are now delighted to announce we have gained full ISO 9001;2015 certification through DNV-GL.

The ISO 9001;2015 quality system certification demonstrates our commitment to consistency, continual improvement and customer satisfaction. The certification also demonstrates our ability to consistently deliver products and services to market whist meeting statutory and regulatory requirements by applying an effective quality management system at OTAQ.

This is a significant milestone for OTAQ Group as we continue to improve our products and services for our valued customers. We have lots of new and exciting developments in the pipeline which we look forward to announcing in the new year!

 

Tom Houghton appointed as Business Development Manager for OTAQ Connectors division

07/11/2019

OTAQ has appointed Tom Houghton as Business Development Manager for the newly formed OTAQ Connectors Division which has been created following the acquisition of Link Subsea Ltd earlier this year.

Tom has been working in the offshore industry since 2006 and brings extensive ROV knowledge combined with an in-depth understanding of technology in the subsea oil & gas sector. He started out in a hands on role as a ROV technician before moving into sales management and business development most recently in Unique Group.

Tom said “OTAQ Connectors has an incredible heritage in underwater connector design, engineering and production from our base in Cumbria spanning back to 1997.  I am relishing the opportunity to present OTAQ Connector products and services to the market as I believe we present a unique proposition in terms of our in house skills, high quality products, short lead times and over 20 years experience.”

Chris Hyde, Chief Commercial Officer of OTAQ Group said “We are delighted have Tom join us at OTAQ and further strengthen our team.  His industry knowledge will be a very valuable part of our introduction of the OTAQ Connectors brand to the market which includes the launch of several key new products in the coming months.”

Tom will be based at OTAQ’s new Aberdeen, UK  facility in the Innovation Park, Bridge of Don and can be reached at [email protected] or +44 7553209731

Callum Magee appointed as Business Development Manager for OTAQ Offshore Division

07/11/2019

OTAQ has appointed Callum Magee as Business Development Manager for the newly formed Offshore Division which was created off the back of the acquisition of Marinesense Ltd 

Callum has over 15 years of offshore sector experience having worked with a number of subsea solutions providers and is a specialist in underwater technology for ROVs.   Callum said  “Working with OTAQ Group is a fantastic opportunity to develop the market for their existing products such as the Oceansense leak detection system and to be part of launching new ones such as the IP camera and infrastructure products”

Chris Hyde, Chief Commercial Officer of OTAQ Group said   “it’s a very exciting time for us at OTAQ Group with extensive growth, new products and new acquisitions.  I am very pleased that Callum has joined us and very much looking forward to having him help us shape this new offshore division and its world class products.”

Callum will be based at OTAQ’s new Aberdeen, UK  facility in the Innovation Park, Bridge of Don and can be reached at [email protected] or +44 7807 275186.

OTAQ Group completes acquisition of Link Subsea Ltd

26/04/2019

OTAQ Group, a UK based marine technology group operating around the world in the aquaculture and offshore energy sectors, announced today that it had completed the acquisition of Link Subsea Ltd.

Link Subsea are a leading UK based manufacturer of underwater connectors, penetrators and custom moulding solutions for the offshore energy, aquaculture, defense and nuclear industries based in Ulverston.  They have a very well established client list which they have been supporting since they were founded in 1997.  Going forward Link Subsea will be known as OTAQ Connectors and Joyce Newton will continue as operations director for the Connectors division.

Phil Newby, CEO of OTAQ Group said “We are delighted to have completed the acquisition of Link Subsea which is strategically very important for us.  As well as providing new product lines, it allows us to strengthen our relationship with our existing clients in Aquaculture and Offshore.  We are looking forward to working with Joyce and her team in Ulverston and we will start to consider possibilities for growth and expansion there.”

Tom Houghton, Business Development Manager for OTAQ Connectors said “In a rapidly changing market, OTAQ is well placed to assist its customers across a range of subsea and underwater connection products and services. With renewed confidence in the industry, 2019 is set to be a busy year for the Oil & Gas and Subsea sectors with demand for products and services out-stripping supply in many areas”

OTAQ Connector products and services will be available through both the Ulverston factory and OTAQ’s Aberdeen facility as well as through selected international partners

OTAQ Group completes acquisition of Marinesense Ltd

16/11/2018

OTAQ Group, a UK based marine technology group operating around the world in the offshore energy and aquaculture sectors, has recently announced the acquisition of Marinesense Ltd.

Marinesense are the manufacturers of the OceanSENSE underwater leak detection and Dragonfish precision laser measurement systems for the offshore energy industry.  They are considered specialists in underwater optics, lasers and video systems and have been operating since 2007 from their base in Aberdeen, UK.

Going forward Marinesense will become the Offshore division of OTAQ Group, with all their products available directly from OTAQ in Aberdeen or through their approved network of partners around the world.

Marinesense’s core product is OceanSENSE which has, over the last 12 years, become the industry standard in underwater leak and cement returns detection.  The system is deployed around the world to detect leaks from subsea structures or to detect cement returns at the seafloor during well completions. The system is used by many of the world’s biggest offshore and subsea operators including Oceaneering, Subsea 7, Halliburton, Fugro and TechnipFMC.

Dr Harry Rotsch, founder and managing director of Marinesense said “We have been considering for some time what the best route for Marinesene to reach its full potential was.  It was very important to me that we ended up with new owners who shared both our values and our product vision and I am very happy that we have found that in OTAQ Group.”  Harry will continue as Technical Director for the OTAQ Offshore division.

Phil Newby, CEO of OTAQ Group said   “The acquisition of Marinesense is a very important milestone in the growth of OTAQ Group and will allow our Offshore division to provide a range of world class underwater technology products with an incredible track record. We are very excited about several new products that are in the pipeline and how the expanded team will enhance our engineering resource across the group.”

OTAQ Offshore is based from its new facilities within Campus Two of Aberdeen Innovation Park.

 

 

 

OTAQ wins business award at Scotland Edge

16/11/2017

OTAQ, a Scottish company designing and manufacturing technology for the global fish farming industry, has been announced as one of the biggest winners of the Scottish Edge awards, with a prize of £100,000.

The competition, aimed at identifying and supporting Scotland’s up-and-coming, innovative and entrepreneurial talent invited OTAQ to pitch at the finals of the event in Edinburgh this week where over £1.27million in grants and loans was awarded.

The Oban based firm scooped £100,000 after Commercial Director Chris Hyde led the firm’s pitch on their launch product, an innovative new deterrent system called SealFENCE which uses unique underwater acoustic technology to prevent seals from attacking marine sites.

With estimates that seal and sea lion losses can be as much as 10% of production in many areas, SealFENCE solves an industry wide problem all in a package designed to operate in the world’s harshest environments.

From 239 original applicants, just 22 of Scotland’s most promising entrepreneurs were invited to pitch their businesses to an expert panel of judges in order to win up to £100,000 each in grant funding and loans. Just 15 of the start-up and growth stage businesses were successful with only OTAQ and two others awarded the full amount applied for.

Chris Hyde, commercial director, OTAQ, said: “This award is going to make a major difference to our company and will mean that we can accelerate our export plans significantly, introduce our product to more markets and recruit more staff this year.

“Our company vision is to become world leaders in aquaculture technology and specifically in acoustic products such as predator control and monitoring systems.  Our key area of expertise lies within underwater acoustics and sonar and we intend to build a reputation as experts in this field within our industry.

Gordon Merrylees, Scottish EDGE board member and Head of Entrepreneurship at Royal Bank of Scotland and Natwest, commented: “the Scottish EDGE has had a huge impact on Scotland’s economy, with our alumni having generated an additional £31.80m in turnover, secured £28.36m in additional investment, and created 641 jobs since receiving their Scottish EDGE funding and support.”

Sir Tom Hunter, renowned Scottish entrepreneur and philanthropist, said: “100% of the net new jobs in the UK will come from businesses less than five years old – the winners at Scottish Edge are the job creators of today… We need to invest in them and nurture them in any way we can to build our economy and to provide the quality jobs our people deserve. We need to build a far greater pipeline of high growth businesses if Scotland is to succeed, Scottish Edge is one critical element of that pipeline and I commend all the entrants – not winners yet – and the winners for their commitment to building great entrepreneurial businesses.”

Chris Hyde of OTAQ, added: “The entire Scottish Edge experience has been invaluable.  The process and feedback from the judges has really makes us focus on our business and how best to communicate what it does; this has put us in very strong position for achieving our vision.”

For more information about Scottish Edge please visit http://www.scotedge.com/about/