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Kraken Robotics V.PNG

Alternate Symbol(s):  KRKNF

Kraken Robotics Inc. is a Canada-based marine technology company engaged in providing complex subsea sensors, batteries, and robotic systems. The Company operates through two segments: Products and Services. The Products segment is engaged in the design, manufacture, and sale of equipment, including underwater vehicle platforms, synthetic aperture sonar and subsea power equipment. Its Products business consists primarily of its AquaPix MINSAS sensors, KATFISH systems, and SeaPower subsea battery systems. The Services segment is involved in the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. Its Services business consists of services provided by robotics as a service (RaaS) portfolio of equipment, including its Sub-Bottom Imager, Acoustic Corer, KATFISHTM, and SeaVision. The Company’s high-resolution three-dimensional (3D) acoustic imaging solutions and services enable clients to overcome the challenges in the oceans.


TSXV:PNG - Post by User

Post by GetKrakenon May 11, 2023 7:29am
231 Views
Post# 35442574

My 55 cents

My 55 cents$16M battery order from one customer mind you .. $30M in the last 6 months.  Awarded a $50M prime contract with the Government of Canada to provide remote mine-hunting and disposal systems. Talks are ongoing with GOC as Kraken is qualified to sell directly to GOC under the Pathway to Commercialization Program 'without further competition'. Demand for Kraken’s SAS products has increased significantly and for 2023 expecting to deliver approximately 3x the volume to previous years. Multi million dollar repeat orders from Daines and Polish. $8M Research & development contract with a global energy company to continue development of artificial intelligence and machine learning software, and subsea autonomy solutions for oil and gas, wind, hydrographic, science, and defense industries.  In 2023, Kraken’s SeaVision technology will be certified for DNV class inspections as well as accreditation of performance as per ISO standards. Global business stream with leading edge business partners using Kraken products along side their own products .. income growing pains from 'investments in growth' soon to be over shadowed by growth in revenue .. seems like a winner .. getKraken
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