LPAS contract with Ireland’s Seafood Development Agency

OTAQ Plc (OTAQ) LPAS contract with Ireland’s Seafood Development Agency 11-Jun-2024 / 07:00 GMT/BST 11 June 2024

 

Non-regulatory announcement

 

OTAQ plc

("OTAQ", or the "Company")

 

LPAS contract with Ireland’s Seafood Development Agency

 

OTAQ plc (OTAQ.AQ), the innovative technology company targeting the aquaculture and offshore markets, is pleased to announce a contract with Bord Iascaigh Mhara (“BIM”), Ireland’s Seafood Development Agency, for two of its Live Plankton Analysis System (“LPAS”) units to be installed on an initial rental through until the end of 2024.

 

One of these units will be deployed with a global seafood producer which has encountered Harmful Algae Bloom (“HAB”) events at its Irish sites in recent years resulting in significant stock losses.

 

Recently launched by OTAQ, LPAS is a powerful tool for farmers to help combat the rising threat of HAB. By integrating specialised AI technology to automate the identification and quantification of harmful algae and streamline monitoring processes, LPAS saves time, enhances accuracy and frequency, and will assist in standardising practices across the industry. LPAS marks a significant advancement in safeguarding aquaculture against devastating HAB events.

 

Damien Toner, Aquatech Business Manager at BIM commented: “A key part of BIM’s role in supporting the growth and sustainability of Ireland’s seafood industry is to assess and promote new technologies that will assist farmers manage their operational risks and efficiencies. Following trials of LPAS Beta units during 2023, we see the vital benefits LPAS brings in streamlining and enhancing algae monitoring in production areas and therefore we are pleased to be progressing our relationship with OTAQ to the benefit of Irish farms.”