Nu-Oil And Gas To Bring Maritime Security Venture To London

69

  • Nu-Oil and Gas PLC formerly a vehicle for unmanned oil projects – is to relaunch as a technology and security business.
  • The new company, called Guardian Global Security PLC, will be led by chief executive Gary Smith.
  • Guardian is described, in a statement, as “a revenue-generating business with a backlog of orders to fill”.

“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,” said CEO Gary Smith, says an article published on proactive investors website. 

Relaunch as a technology

Nu-Oil and Gas PLC formerly a vehicle for unmanned oil projects – is to relaunch as a technology and security business, with a float in London via a standard listing.

It is to acquire Guardian Maritime Ltd and Guardian Barriers IP Ltd, which together supply products to prevent unauthorised entry into areas that are deemed to have value, with maritime security being the main focus initially. 

Who led the new company? 

The new company, called Guardian Global Security PLC, will be led by chief executive Gary Smith, an ex-Royal Marine Commando and an expert in maritime security.

A revenue-generating business

Guardian is described, in a statement, as “a revenue-generating business with a backlog of orders to fill”. Among its products is a retro-fit anti-piracy barrier. According to the company, no vessels fitted with the Guardian maritime system have been breached to date (among them there were five vessels that had experienced piracy attacks against them).

“The maritime security industry is currently approximately $20bn, which is expected to rapidly increase in size and profile,” Gary Smith said.

“The piracy threat is expected to remain elevated as economies struggle to return to pre-Covid-19 levels and related socio-economic grievances persist.”

Smith noted that Guardian Global Security’s admission to the stock exchange will provide access capital that can accelerate investment decisions, maximise the opportunity ahead and deliver rewards and results for 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,” the Guardian chief executive added.

Guardian, in its previous guise, has won multiple awards for innovation and in particular as a provider of anti-piracy solutions.

Did you subscribe to our daily newsletter?

It’s Free! Click here to Subscribe!

Source: proactive investors

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.