Change of Accounting Reference Date DGAP

OTAQ Plc (OTAQ)
Change of Accounting Reference Date

15-Dec-2022 / 13:42 GMT/BST
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OTAQ plc

("OTAQ", the "Company" or the "Group")

 

Change of Accounting Reference Date

 

OTAQ, the innovative technology company targeting the aquaculture, geotracking and offshore markets, announces that it is changing its accounting reference date from 31 March to 31 December. Consequently, the Group will announce its audited results for the period ending 31 December 2022 on or before 30 June 2023.

Enquiries

 

OTAQ plc

+44 (0)1524 748028

Phil Newby, Chief Executive Officer

 

Matt Enright, Chief Financial Officer

 

 

 

Dowgate Capital Limited – AQSE Corporate Adviser & Broker

+44 (0)20 3903 7715

David Poutney / James Serjeant

 

Russell Cook / Nicholas Chambers

 

 

 

Walbrook PR Limited - PR

+44 (0)20 7933 8780 or OTAQ@walbrookpr.com

Tom Cooper / Nick Rome

 07971221972 or 07748325236

       

 

About OTAQ

 

OTAQ is a highly innovative technology company targeting the aquaculture, geotracking 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.

 

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.

 

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.



ISIN: GB00BK6JQ137
Category Code: MSCM
TIDM: OTAQ
LEI Code: 213800CZGMYB5XTUXJ52
Sequence No.: 209075
EQS News ID: 1514507

 
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