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Kraken Robotics Inc V.PNG

Alternate Symbol(s):  KRKNF

Kraken Robotics Inc. is a Canada-based marine technology company providing complex subsea sensors, batteries, and robotic systems. The Company’s high-resolution three-dimensional (3D) acoustic imaging solutions and services enable clients to overcome the challenges in oceans. 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 product business consists primarily of its AquaPix MINSAS sensors, KATFISH systems, SeaPower subsea battery systems and RMDS. 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 and KATFISH.


TSXV:PNG - Post by User

Post by 1Investdilemmaon Dec 17, 2024 5:39pm
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Post# 36367092

Anduril to break ground in RI Feb 2025

Anduril to break ground in RI Feb 2025
Anduril to expand robotic submarine lineup in RI
Mary Serreze – Reporter, Providence Business First   Dec 11, 2024
 
 Defense tech innovator Anduril Industries Inc. plans to manufacture dozens of school bus-sized robotic submarines at its yet-to-be-built plant at Quonset Point.

The Dive-XL line adds to the smaller Dive-LD line that Anduril previously announced it would produce in Rhode Island. A prototype of the extra-large UUV (uncrewed undersea vehicle) is now being tested off the coast of California, with plans to send it on a 1,000-mile undersea mission.

The "highly configurable" and modular Dive-XL is the commercial version of the Ghost Shark robotic submarine that Anduril is developing with the Royal Australian Navy. It can be outfitted to serve a variety of missions for commercial or military customers. It is packed with electronic sensing and communications gear and can be set up with custom payloads. The Dive-XL is designed to fit inside a 40-foot shipping container or a C-17 cargo plane. When unpacked, it can quickly be expanded by adding additional modular compartments.

The California-based Anduril says it has confidence in both the military and commercial market, and sees the U.S. Navy as a potential customer. The Navy has shown interest in underwater drones to create a “hybrid fleet,” but procurement of robotic submarines is still in its infancy.

Anduril said it is well-positioned to compete because its UUVs can be produced affordably and at scale. In contrast, the U.S. Navy's traditional submarine programs are famously behind schedule and over-budget.
 
Anduril plans to break ground at its manufacturing plant at Quonset Point on the Narragansett Bay sometime in February. It has won a suite of state tax breaks to support the $8.3 million factory build, which is slated to open in fourth-quarter 2025.

The company previously said it chose Rhode Island due to support from state officials, a skilled workforce, logistical help from Quonset Business Park, and proximity to Quincy, Massachusetts, where it runs its marine-engineering office.


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