SUPPLY@ME

is not the only company joining the market.

A marine technology firm, Otaq, is also stepping in – with a reverse takeover by listed vehicle Hertsford Capital for around £12 million.

Its acoustic technology helps to protect salmon fishing by driving away seals which eat the fish. The company also has specialist underwater cameras to detect leaks for offshore oil rigs and other equipment for the industry.

The Lancaster-based company is due to join the stock exchange at the end of the month so let’s hope for its sake that market conditions don’t get any worse before then.