These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. (647) information in this news release constitutes forward-looking statements. Stephen Griffin, Group Marketing MacKay, Chief Financial Officer LinkedIn Twitter Facebook YouTube Instagram For further information: Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Strong growth in the commercial market from growing requirements for high resolution data for seabed surveys and subsea asset inspection in the offshore oil and gas and offshore wind sectors.
Many of these will be replaced with smaller, unmanned vessels. There are over 300 manned mine hunting vessels that are more than 20 years old and need to be upgraded over the next 5-10 years.
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These include:Ī heightened focus on maritime security and protection of subsea infrastructure.Īn industry upgrade cycle and a gradual shift to smaller unmanned surface vessels for mine hunting. Kraken is seeing continued opportunities for growth in all regions of the world as several trends are driving demand for Kraken’s synthetic aperture sonar technology. Kraken’s team worked in concert with a local survey company to complete a 200 km seabed survey that provided real-time ultra- high-resolution imagery and bathymetry of the seafloor along coastal waters. This contract follows the results of a successful in-country demonstration of KATFISH™ for the customer in Q1 of this year. Continuing to build off successful KATFISH deliveries with various NATO navies, this represents Kraken’s first KATFISH system sale in the Asia-Pacific region. Kraken’s equipment will be integrated onboard a vessel of opportunity selected by the customer.
Under the acquisition contract, Kraken will deliver its KATFISH towed Synthetic Aperture Sonar, Tentacle® Winch and Autonomous Launch and Recovery System (ALARS) in Q2, 2023. The contract also includes a variety of support and sustainment options, including training, spares and operational support. Under the scope of the contract, Kraken will deliver its KATFISH™ high-speed minehunting solution. The customer cannot be named at this time. (TSX-V: PNG, OTCQB: KRKNF) announces a $9.5 million contract to supply high-resolution seabed mapping sonar equipment to a navy in Asia-Pacific. JOHN’S, Newfoundland, (GLOBE NEWSWIRE) - Kraken Robotics Inc.
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