OTAQ PLC - Lancaster-based producer of marine technology for offshore oil and gas industries - Signs agreement with Canadian aquaculture technology innovator Sensor Globe. Multi-year contract aims for OTAQ to distribute Sensor Globe's data collection solution, which monitors water quality & fish welfare, to customers in Scotland and Chile. The countries are two of the world's largest producers of farmed salmon, OTAQ says.
Data solution checks for dissolved oxygen, temperature and pH of water among others. "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," OTAQ Chief Executive Officer Phil Newby adds.
Current stock price: 19.13 pence, down 5.8% on Thursday
12-month change: down 32%
By Tom Budszus; tombudszus@alliancenews.com
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