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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 Possibleidiot01on May 08, 2024 7:02am
137 Views
Post# 36028320

two new customers -$3.5 Million of Orders for Subsea Securit

two new customers -$3.5 Million of Orders for Subsea SecuritST. JOHN'S, Newfoundland and Labrador, May 08, 2024 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces that it has received an order for spares and sustainment of its KATFISH™ Mine Counter Measures (“MCM”) solution totalling $2.2 million. In addition, the Company received an order for AquaPix® synthetic aperture sonars (SAS) totalling $1.3 million. These systems will be integrated to Autonomous Underwater Vehicles (AUVs) from two new navy customers for use in minehunting and subsea infrastructure security applications. Both customer details cannot be disclosed. Deliveries will occur in 2024.

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