OTAQ PLC Non-Executive Director Appointment (2618Q)
February 25 2021 - 1:00AM
UK Regulatory
TIDMOTAQ
RNS Number : 2618Q
OTAQ PLC
25 February 2021
OTAQ plc
(" OTAQ ", or the "Company")
Non-Executive Director Appointment
OTAQ, the marine technology products and solutions group for the
global aquaculture and offshore oil and gas industries, is pleased
to announce that Malcolm Pye will join the Board of OTAQ as a
Non-Executive Director with immediate effect.
Malcolm founded, and from 1999 to 2019 was Chief Executive of,
Benchmark Holdings plc ("Benchmark"), the world's leading
aquaculture health, nutrition and genetics business.
Malcolm has over 35 years' experience in international
agribusiness through his various roles at Hillsdown Holdings (then
HMTF Group), and through building Benchmark from the initial
start-up into a major international aquaculture technology business
serving the global salmon, shrimp, tilapia and farmed fish
industries. Malcolm focused Benchmark's activities on animal
health, breeding and genetics, advanced nutrition and
knowledge/technology delivery and led the flotation of Benchmark in
2013, maintaining a lead role in investor engagement.
Prior to his founding role at Benchmark, Malcolm gained wide
experience in the food sector from his various senior management
positions within Hillsdown Holdings, operating in animal breeding,
poultry production, feed milling and veterinary services. During
this time, he developed extensive experience in breeding and
genetics, food production/technology, sales (including account lead
responsibilities within the UK / international retail sector with a
range of bluechip companies including M&S, Tesco and McDonalds)
and strategic M&A as well as holding a main board position
within the Group.
Malcolm's work with Hillsdown Holdings in the early to
mid-1990's influenced a career-long focus on sustainable food
production which formed the basis and inspiration for the creation
of Benchmark Holdings.
Alex Hambro, Non-Executive Chairman, commented: "We are really
delighted to welcome Malcolm to the Board of OTAQ. Malcolm's
experience in, and knowledge of, the global aquaculture industry is
unparalleled, and will be of huge benefit to OTAQ as it develops
and commercialises additional sustainable technologies and services
for the aquaculture farming and producing communities. Our core
SealFence acoustic deterrence system has significant opportunities
for growth in geographies where Malcolm has built strong long-term
relationships. Furthermore, his knowledge of additional farmed
species other than salmon will be extremely helpful as we expand
our range of products ."
Aside from the information set out in the announcement above, no
further information is required to be disclosed pursuant to Listing
Rule 9.6.13R.
Contacts :
OTAQ PLC Via Walbrook
Alex Hambro, Non-Executive Chairman
Phil Newby, Chief Executive Officer
Matt Enright, Chief Financial Officer
Dowgate Capital Ltd (Broker & Adviser) 020 3903 7715
David Poutney
James Serjeant
Nicholas Chambers
Walbrook PR Ltd Tel: 020 7933 8780 or O taq@walbrookpr.com
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 operates 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, Sealfence, designed to
protect marine-based aquaculture sites from predation, with
multiple systems deployed in Scotland, Chile, Finland and
Russia.
The Company's Oceansense leak detection systems have a global
reputation as the industry standard solution and have been deployed
successfully on hundreds of jobs. OTAQ's 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 and manufacture
of underwater connectors, penetrators and 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. Concurrently, OTAQ seeks to expand its technology portfolio
through acquisitive growth, with the aim of further expanding its
aquaculture and offshore product offering.
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.
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