St. John’s, May 17, 2012: On behalf of the Board and members of OceansAdvance, Mr. Les O’Reilly today extended congratulations to Mr. Daryl Genge on his appointment as Assistant Deputy Minister for the Division of Trade and Investment, with the Department of Innovation, Business and Rural Development. As Executive Director of OceansAdvance, Mr. O’Reilly said he has worked with Mr. Genge on a number of occasions and believes he has a strong appreciation for the importance of the ocean technology cluster in Newfoundland and Labrador.

“Given that the sector is knowledge based with a global market reach we feel confident that Daryl’s experience in international business, organizational leadership, industry and regional development is an excellent match for the maturing ocean technology sector in this province,” Mr. O’Reilly noted. As the sector cluster champion, OceansAdvance iscommitted to collaborate with and provide guidance to the Province in its active mandate to support ocean technology and its remarkable growth in national and international markets.

–30–