OTAQ plc
("OTAQ", or the
"Company")
Directorate Change
OTAQ plc (OTAQ.AQ), the innovative technology company
targeting the aquaculture and offshore markets, is pleased to
announce the appointment of Justine Dowds to the Board as Chief
Financial Officer with immediate effect.
Justine joined OTAQ in July 2023 as Interim
Chief Financial Officer. Prior to this, she held a number of senior
positions in a range of high growth companies across various
sectors including property development, aviation charter services,
IT and construction. Most recently Justine was Managing Director of
GB3 Limited, an IT Managed Services company, having joined the
company in 2012 as Finance and Operations Director. Before GB3
Limited, Justine worked for United Utilities and AstraZeneca having
previously qualified as a Chartered Accountant with Arthur
Andersen.
Phil Newby, Chief Executive Officer,
commented:
“Justine has made a significant contribution since joining
OTAQ on an interim basis, so it gives me great pleasure in
welcoming her to the Board and to the role on a permanent
basis.”
The following information relating to Justine Dowds is
disclosed pursuant to Rule 4.9 of the AQSE Growth Market - Access
Rulebook.
Current
directorships and/or partnerships
Harper Beech Limited
Former
directorships and/or partnerships (within the last five
years)
Urban Origin Limited
GB3 Limited
Justine was appointed a director of Pool Aviation (NW)
Limited in April 2015, to assist the board with the voluntary
liquidation of the Company in May 2015.
Justine resigned as a director in April 2016. The liquidation
was concluded and the Company dissolved in July 2018. After
satisfying preferential creditors the company was dissolved with
unsatisfied unsecured creditor claims of £408,787.
Enquiries:
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OTAQ PLC
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+44 (0) 1524 748028
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Adam Reynolds, Non-Executive Chairman
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Phil Newby, Chief Executive Officer
Justine Dowds, Chief Financial Officer
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Dowgate Capital Limited - AQSE
Corporate Advisor & Broker
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+44 (0)20 3903 7715
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David Poutney / James Serjeant
Nicholas Chambers / Russell Cook
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Walbrook PR Limited
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+44 (0)20 7933 8780
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Tom Cooper / Nick Rome
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07971221972 or 07748325236
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OTAQ@walbrookpr.com
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About OTAQ:
OTAQ is a highly innovative technology company targeting the
aquaculture 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.
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.
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.