OTAQ looks to raise up to £2m in loan capital

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Marine technology business OTAQ is planning to raise between £1.5m and £2m through an issue of convertible loan notes. The announcement comes alongside the company’s latest trading update, which reports an “encouraging” first quarter for 2024.

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Revolutionising aquaculture safety

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OTAQ introduces LPAS to combat harmful algae blooms: a game-changer in aquaculture monitoring Within the aquaculture industry there are increasingly frequent reports of Harmful Algal Blooms (HABS) being responsible for devastating fish kill events, in some cases with a single event wiping out an entire farm’s stock. In order to mitigate this, farms have been…

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OTAQ reports revenues ‘better than expected’

Marine technology business OTAQ plc expects to report better than expected revenues of around £4.4m for 2023, up from £4m in the previous year. In a trading update ahead of final results for the year to 31 December 2023, OTAQ said performance in the second half of the year has been stronger than the directors…

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OTAQ sees revenue, profits up in H2 2020

Marine technology group OTAQ has reported growth in both revenue and profits for the half-year ending 30 September 2020. The group saw revenue up 16 per cent to £2.03 million and gross profit up 13 per cent to £1.14 million. Adjusted EBITDA was £0.39m (up 22 per cent on H2 2019). The interim figures do…

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OTAQ acquires ROS Technology, hires founder

Marine technology business OTAQ has acquired electronic systems design business ROS Technology for £300,000. 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. Dr Robinson will join OTAQ as part of the deal, with responsibility for…

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Underwater revolution

OTAQ Casts its net into new tech waters Technology has revolutionised fish farming in recent years with developments making it easier for the industry to implement a more efficient and environmentally sound approach. Leading that revolution with flag firmly in hand is underwater technology specialists, OTAQ Group. OTAQ designs, develops and supports marine technology products…

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OTAQ wins contract to supply Unique Maritime Group with seabed landers

Marine technology company OTAQ Offshore has announced an exclusive supply agreement with subsea operator Unique Group, to provide a number of seabed landers. Aberdeen OTAQ Offshore, a subsidiary of OTAQ PLC, will design and build the observation platforms in collaboration with Unique Group. Seabed lander systems are commonly used to record physical, chemical and biological…

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Algae early warning system ‘boost for farmers’

AN early warning system to detect harmful plankton and algae is being developed in Scotland to help tackle one of the biggest challenges to fish health. A consortium – including technology company Otaq, the University of Aberdeen, SAIC (Scottish Aquaculture Innovation Centre), and Scottish Internet of Things centre CENSIS – is creating a low-cost sensor…

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Send off for William

THE funeral service for William Dowds, who passed away on August 3, is to be held at Kirkcaldy Crematorium on Friday, August 16, at 12.45pm. William, who was 52, was Fish Farmer’s commercial manager for many years and a familiar and popular figure throughout the aquaculture industry. His legion of friends, in Scotland and beyond,…

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