LONDON, UK: Nu-Oil and Gas plc confirms, further to the announcements of 8 March 2021 and 5 May 2021, its continued intention to acquire Guardian Maritime Ltd and Guardian Barriers IP Ltd (together “Guardian”) and to apply for admission of its Ordinary Shares to the Standard Segment of the Official List and to trading on the Main Market of the London Stock Exchange.
Guardian is a technology group that supplies products to prevent unauthorised entry into areas that are deemed to have value, with maritime security being the main focus initially. The Company has made significant progress in the Admission process and anticipates that subject to shareholder approval, it will take place during Q4 2021. Following Admission the Company will change its name to Guardian Global Security plc.
Investment Highlights
Guardian provides clients with its owned and patent protected maritime security technology solution which is marketed under the Guardian brand name as a universal retro-fit anti-piracy barrier. Since its inception, Guardian has developed this business and currently protects a number of vessels worldwide. As far as the Company is aware, no vessels fitted with the Guardian maritime system have been breached to date, including five vessels fitted with the technology that had piracy attacks against them. The technology has been tested by ex Special Force members and Guardian has won the following awards for its product:
· Global 100: Best Anti-Piracy solution 2020
· Global Energy Oil & Gas award: Best anti-piracy solution 2019
· Global Energy Oil & Gas award: Best anti-piracy solution 2016
· Intergas award: Most extraordinary contribution to HSSE 2016
· IMO WISTA UK award: Entrepreneur of the year 2015
· British Plastics Federation award: Innovation in plastic 2015
· Honourable Guild of Horner’s award: Innovation in plastic 2015
· Nu-Oil and Gas is a revenue generating business with a backlog of orders to fill.
· The Board of Directors and Management on Admission will comprise a team that is highly experienced with unparalleled market leading knowledge, experience and contacts in this large and underserved sector which the Company believes will have unique access to expansion opportunities.
· Gary Smith, an ex Royal Marine Commando and a leading expert in maritime security, will become Chief Executive Officer from Admission.
· Until now public market investors have had limited means to gain exposure to maritime security companies and the global fight against piracy; Guardian Global Security plc will provide this opportunity.
Gary Smith, CEO designate Nu-Oil and Gas commented: “The proposed Admission of Guardian is very exciting. The maritime security industry is currently approximately $20 Billion, which is expected to rapidly increase in size and profile. As the world economies begins to accelerate their recovery from COVID, shipping remains in high demand with a higher number of transits with bulk carriers, product tankers and container vessels remaining as the most commonly targeted vessels therefore the risk remains as high as ever.
The piracy threat is expected to remain elevated as economies struggle to return to pre-Covid-19 levels and related socio-economic grievances persist. This admission will enable us to access capital which can accelerate our investment decisions, maximise the opportunity ahead and, we believe, deliver rewards and results for all stakeholders. With existing revenues, strong pipeline of orders, and unlimited growth potential, we look forward to welcoming further new investors at this important time for the Company, and to sharing a highly prosperous future.”
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