Kraken Robotics Receives $3.7 Million of Orders for Subsea Security Equipment
- fitzgeraldfliam
- Jul 21, 2024
- 1 min read
ST. JOHN’S, NEWFOUNDLAND, 8 May 2024 — 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 orders for AquaPix® synthetic aperture sonars (SAS) totalling $1.5 million. These systems will be integrated to Autonomous Underwater Vehicles (AUVs) from new navy customers for use in minehunting and subsea infrastructure security applications. Customer details cannot be disclosed. Deliveries will occur in 2024.
ABOUT KRAKEN ROBOTICS
Kraken Robotics Inc. (TSX:PNG) is a marine technology firm specialising in advanced sonar and optical sensors, underwater batteries, and robotic systems for unmanned underwater vehicles (UUVs). Launched in Canada in 2012, with what started as an eight-person team a decade ago has now evolved into a 250-person organization with employees based in North America, South America, and Europe, with plans to expand further across the globe.