- Kraken Robotics (TSXV:PNG) received several orders totalling around $3 million for Miniature Synthetic Aperture Sonar systems
- The company is increasing its inventory to be able to more quickly respond to growing consumer needs, enabling navies worldwide to collect critical data for accurate and efficient decision-making
- The Man-Portable SAS and MINSAS 120 systems have been procured for integration into uncrewed underwater vehicles for international naval clients
- Kraken Robotics stock last traded at C$1.73 per share
Kraken Robotics (TSXV:PNG) received several orders totalling around $3 million for Miniature Synthetic Aperture Sonar (MINSAS) systems.
Based out of St. John’s, Newfoundland and Labrador, the developer of complex subsea sensors, batteries and robotic systems added that these orders came from three separate customers.
“In the current geopolitical environment, we are seeing an increased need for synthetic aperture sonar systems to be used in mine countermeasure operations,” company president and CEO Greg Reid said in a statement. “We’re increasing our inventory to be able to more quickly respond to this need, enabling navies worldwide to collect critical data for accurate and efficient decision-making.”
The Man-Portable SAS (MP-SAS) and MINSAS 120 systems have been procured for integration into uncrewed underwater vehicles for international naval clients.
Kraken’s MINSAS provides high resolutions of up to 2 centimetres by 2 centimetres (post-processed) at a range of 200 metres per side, all within a compact and lightweight design. It is engineered for seamless integration across various platforms, including UUVs, remotely operated vehicles, and Kraken’s KATFISH towed SAS. Since 2015, Kraken has been supplying MINSAS systems to defense and commercial customers in more than 15 countries globally.
Kraken Robotics is a marine technology company providing complex subsea sensors, batteries and robotic systems.
Kraken Robotics stock (TSXV:PNG) last traded at C$1.73 per share and has risen 166.15 per cent since the year began.
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(Top photo of MINSAS synthetic aperture sonar producing resolutions up to 2 cm by 2 cm at 200 metres per side. Source: Kraken Robotics Inc.)