Post by
Possibleidiot01 on May 08, 2024 7:02am
two new customers -$3.5 Million of Orders for Subsea Securit
ST. 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.
Comment by
Sinister on May 08, 2024 9:42am
Oh Another good news! Yes! This meens the price will go down even more! Im still a rookie but im always baffled when good numbers/earning brings dip and bad nnumbers/earnings brings the price stock to the moon. We need more bad news!