First Order for Asset Tracking in Rail Industry

23rd September 2022

21 September 2022

OTAQ, the marine technology products and solutions group for the global aquaculture, offshore energy, and tracking industries, announced on 20 September that it had been awarded an initial order for the Company’s tracking device. The Company is pleased to confirm that, having worked closely with Track Tracker Ltd, a specialist railway technology company, that it has received the first order for its newly developed asset tracking device for use in tracking assets in the rail industry.

The contract is for the supply of an initial batch of 40 devices to Track Tracker Ltd who will monitor the location of railway assets in use in busy, hazardous, and often complex on track and trackside locations.  The railway network is a highly safety critical environment in which the OTAQ asset tracking devices, when integrated into the Track Tracker system, are designed to report precise locational accuracy ensuring that assets are not placed in vulnerable locations.

The asset tracking devices will be supplied in the first week of October, with further orders expected following successful on-site operations.

The contract demonstrates the innovation and R&D expertise gained through the Company’s acquisition of ROS Technology and the evolution of aligned applications, in this case working closely with Track Tracker Limited. This follows the successful launch of tracking technology products in the sporting events sector earlier in the year.

 

TT Tracker Order

Product info here

 

Phil Newby, Chief Executive at OTAQ, commented:

“The UK rail industry is proud of its robust safety culture and safety standards. This advancement in technology will serve to enhance the industry’s already exceptional safety record.

“The potential for the market in UK rail alone is believed to be considerable and the company hopes the technology will be adopted by many of the tier one contractors and joint venture projects.  We anticipate that we will continue to develop the tracker technology and its applications to appeal to many further potential markets, where precision location and geo-fencing is critical.”

 

Enquiries:

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/Russell Cook

Walbrook PR Ltd Tel: 020 7933 8780

or

[email protected]

Tom Cooper/Nick Rome  0797 122 1972

or 07748 325 236

 

 

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 and Finland.

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.

 

BETH HOLMES IS JOINING OTAQ AS INTERNAL SALES COORDINATOR

2nd September 2022

OTAQ Group Expands Customer Facing Team With Appointment of Beth Holmes As Internal Sales Coordinator

OTAQ is proud to announce the hiring of Beth Holmes as their new Internal Sales Coordinator. With over five years of experience in Revenue Analysis & Demand Forecast, she will be a valuable asset to our company with her knowledge and understanding of data-aided decision-making processes and strategy development.

Beth has a proven record of being responsible for performance against budget, analysing data to understand future demand forecasts, historical trends, and competitive set activity, and translating this information into actionable recommendations and strategies to achieve budgeted revenue and company goals.

Richard Beesley, CCO at OTAQ Group, says: “It’s not just her background that makes Beth so perfect for the role of Internal Sales Coordinator.  She will bring a fresh perspective and enthusiasm to expand our Commercial department, which is oriented towards improving customer satisfaction through streamlining order process & tracking all sales within OTAQ group .”

Beth also commented: “I am thrilled to be a part of this team. I look forward to bringing fresh eyes and ideas to help pinpoint areas where we need improvement and creating clear tracking systems and reports for all sales and rentals.”

Beth will be based out of OTAQ’s Ulverston office, and she will lead the Internal Commercial Department’s harmonisation with the other departments for leaner and faster company coordination.

OTAQ announces new agreement with Canadian aquaculture innovator for water quality ‘Sensor Globe’

12th August 2022

OTAQ, the marine technology products and solutions group for the global aquaculture, offshore energy and the sport and leisure industries, is pleased to announce a new multi-year distribution agreement with Sensor Globe, the Canadian aquaculture technology innovator. This follows completion of a successful development period leading to OTAQ’s first Sensor Globe customer in Chile.

OTAQ will distribute Sensor Globe’s data collection solution, used to monitor water quality and fish welfare, primarily targeting both the Scottish and Chilean markets, two of the world’s largest producers of farmed salmon.

The Sensor Globe data collection unit is a powerful multi-functional sensor. The globe sensor is designed to ’flow with the fish’ through pumps, pipes, treatments and machinery, measuring the water quality and the physical impact on fish, both of which are essential to fish welfare. The globe allows users to monitor real time data remotely via an intuitive user interface. Data, such as dissolved oxygen, temperature, pH, acceleration, conductivity and shock, can be seen in real time. Alternatively, the globe sensor can simply be left anywhere for months at a time, and its data can then be retrieved for analysis.

Phil Newby, Chief Executive at OTAQ, commented: “The Sensor Globe adds a complementary product to our aquaculture portfolio which builds on the range of solutions already available to our clients.  Having secured our first customer for the Sensor Globe in Chile, we are now looking forward to representing the Sensor Globe in our core markets and progressing the market opportunity.”

“We see huge potential in the suite of complementary aquaculture solutions given the positive impacts they can have on fish stock welfare and production volumes.”

Sheamus MacDonald, Chief Executive and Co-founder of Sensor Globe, added: “We are excited to be working with the team at OTAQ. Partnered alongside their technology in Chile and the United Kingdom will allow for us to collectively further enhance fish welfare during all stages of fish production.”

Richard Beesley Joins OTAQ as Chief Commercial Officer

7th October 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.  

NEW RANGE OF WET-MATE MICRO SERIES CONNECTORS AVAILABLE SOON!

29th January 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 OTAQ Connectors skilled 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.

OTAQ Group completes acquistion of Link Subsea Ltd

1st April 2019

OTAQ Group has completed the acquisition of Link Subsea Ltd in a deal that further cements OTAQ’s position as a world class marine technology group.  Link Subsea are a leading manufacturer of underwater connectors and penetrators for the offshore energy market based in Ulverston, UK

The acquisition will spearhead the creation of the OTAQ Connectors divsion and will continue to produce high quality connectors and provide moulding solutions to the Oil & Gas, Subsea, Aquaculture, Military and Nuclear markets – building on the excellent customer base Link Subsea have developed in recent years.

Tom Houghton, Business Development Manager for OTAQ Connectors said “With an ever changing market, OTAQ is well placed to assist its customers across a range of Marine 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”

Phil Newby, CEO of OTAQ Group said “We are delighted to have completed the acquistion of Link Subsea which adds  and complements the existing divsions and companies within OTAQ Group.         We are looking forward to working with the team in Ulverston and are planning further investment in and expansion of the facilty there.”

The recent acquisition will see additional staff employed at the Ulverston site, and machinery added to the inventory to allow OTAQ Connections to grow and develop in-line with customer needs.

OTAQ Group’s management team has over 100 years of combined experience in aquaculture, marine and underwater technology products.    The group now has 32 employees across 5 worldwide locations; Aberdeen, Lancaster, Ulverston and Oban in the UK, and Puerto Montt in Chile.

OTAQ Group completes acquisition of Marinesense Ltd

23rd November 2018

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 Marinesense Ltd.

Marinesense are world leaders in underwater leak detection and 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 part of OTAQ Offshore with all their products becoming available directly from OTAQ in Aberdeen or through a 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 cement return detection.  The system is used around the world to detect leaks in hydraulic control lines on subsea production structures or to detect dye in cement during well completions.   The system is used by many of the world’s biggest offshore and subsea operators including Oceaneering, Subsea 7, Rever, Halliburton, Fugro and Technip FMC

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 will be based from its new facilities within Campus Two of Aberdeen Innovation Park.

 

 

 

OTAQ wins business award at Scottish Edge

10th January 2018

OTAQ,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.

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 fish farming sites.

Seal and sea lion attacks currently cost the fish farming industry over US$1 billion dollars a year worldwide as seals attack marine salmon farms for food, especially in the winter months. OTAQ’s innovative system provide a solution to the growing problem.

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.”