FOR IMMEDIATE RELEASE

Ocean on Land Technology Announces Strategic Licensing Agreement with Northbay Innovations to Advance Lobster Hatchery Systems

Ocean on Land Technology is pleased to announce a new strategic licensing agreement with Northbay Innovations, aimed at enhancing lobster and crustacean hatchery systems worldwide. This collaboration leverages Ocean on Land’s innovative Aquahive and Northbay’s Cube technologies, marking a significant step forward in sustainable aquaculture.

Giles Cadman, the entrepreneur behind Ocean on Land Technology, expressed enthusiasm about the partnership, stating, “We are delighted to be able offer our customers the Aquahive and the Cube, and we look forward to working closely with Richard Land to further innovate restoration of lobster stocks as part of our mission to regenerate coastal ecosystems.”

Aquahive is the leading solution in lobster hatchery technology, it is pivotal in hatcheries all over the world. The pioneering design of the Aquahive system enables hatcheries to improve survival rates of juvenile lobsters in a unit designed for efficient use of space.

Kenneth Norton, CEO of Northbay Innovations, highlighted the synergy between the two companies: "Aligning with Ocean on Land Technology enables us to enhance the Cube with the cutting-edge design of the Aquahive. This partnership is essential for advancing our shared goal of sustainable marine life cultivation."

As this new agreement begins, Ocean on Land Technology and Northbay Innovations would like to extend gratitude to Dennis Gowland, the original Chief Designer of the Aquahive, for his significant contributions and wish him the best in his well-deserved retirement.

- END -

About Ocean on Land Technology:

Ocean on Land Technology is dedicated to the development of innovative aquaculture solutions that contribute to the sustainability of marine ecosystems. Our patented technologies, including the Aquahive, are designed to improve the health and viability of marine life populations globally.

About Northbay Innovations:

NBI (North Bay Innovations) has been pioneering the advancement of selective restocking technology. Through the innovation of the lobster cube hatchery integrated system, they have achieved the efficient reintroduction of juvenile lobsters. Multiple hatcheries employing this technology are operational, and their aspiration is to introduce 1 million juveniles annually into UK coastal waters. This endeavour will significantly contribute to establishing a self-sustaining lobster population. Their ambitions transcend national borders; they resonate globally.