Reid Takes the Helm at Kraken
Canadian marine technology company Kraken Robotics announced that Karl Kenny, Founder, President and CEO, will be appointed Executive Chairman of Kraken and transition the President and Chief Executive Officer role to Greg Reid. Reid joined Kraken more than seven years ago as Chief Financial Officer and since 2019 has been Chief Operating Officer. This transition will become effective January 1, 2023. “It has been an honor and privilege to lead this company as Founder, President and CEO for over a decade, and I am pleased to continue to serve as Executive Chairman to help oversee Kraken&rsqu
Kraken Wins $50+ Million Contract for Royal Canadian Navy Minehunting
, the total value will exceed $50 million, consisting of approximately $40 million for Acquisition and $10 million for ILS. Kraken expects margins on this program to be in line with our historical corporate averages. Progress payments will be made over the 24-month term of the acquisition contract.Karl Kenny, President and CEO of Kraken, said, “This represents a huge win not only for the Kraken team as innovators of world-leading minehunting solutions, but also an immensely proud moment for our Canadian personnel. Delivery of Kraken’s RMDS solution will provide Canada with a world-class
Maritime Defense Industry Specialist Joins Kraken Robotics' Board of Directors
and products and many notable reference customers. They are well positioned to see significant accelerating growth driven by leading edge but cost-effective solutions for the maritime defense and offshore energy markets.”“We are very pleased to have Bernard join our Board,” said Karl Kenny, Kraken’s President and CEO. “He has achieved significant success in his career as a defense and manufacturing industry executive. His strategic and operational experience will be a tremendous asset as we build and expand our subsea robotics business.&rdquo
Kraken Robotics' 3Q Revenue on the Rise
.At November 30, 2022, Kraken had $16.8 million in previously awarded non-repayable funding to draw upon from government agencies and project partners for research and development, of which cash amounting to $7.4 million has been received for contracts to be completed in 2022.Kraken Robotics' CEO Karl Kenny said:"We continue to report strong financial results during 2022 driven by our core products and service offerings. We are seeing market momentum driven by the geopolitical landscape and upgrade cycles in defense, as well as strong growth in offshore renewable [energy] and offshore oil and
Kraken's Robotics as a Service (RaaS) Contract with Royal Canadian Navy Deemed 'Success'
was trained on using Kraken’s cloud-based post mission analysis tools for interrogating data following mission completion, and for conducting change detection," Kraken said.Kraken’s LW-SAS Installed onto an RCN UUV - Credit: Kraken RoboticsCommenting on the completion of the contract, Karl Kenny, Kraken President and CEO said: "Kraken is excited to be once again working closely with our own RCN as an ‘Early Adopter’ to augment existing RCN Route Survey capabilities with a service offering based on the latest SAS technology available. The experience of working side by side
Kraken Scores $7.1 Million of Contracts for Offshore Subsea Inspections
project avails of joint engineering efforts from Kraken and its recently acquired subsidiary, PanGeo Subsea, leveraging an existing PanGeo sled design with Kraken SeaVision electronics and significant software integration.Example of SeaVision base inspection tool for water column assets (Image: Kraken)Karl Kenny, Kraken’s President and CEO, said, “Over past few years, the term ‘digital twinning’ has become synonymous with innovation in the offshore energy sector, and vital to corporate strategy as operators seek to take advantage of new and emerging technologies. Sensors, robotics
Kraken Signs CRADA on Pressure Tolerant Batteries with US Navy
. Under the CRADA, the Battery Certification and Integration Branch, Code 636 of NSWC Carderock, will test Kraken’s pressure tolerant lithium-ion batteries. The testing is expected to take four months to complete and is expected to start in calendar Q3 of this year.Kraken President & CEO Karl Kenny said: "We are excited to enter into a CRADA with NSWC Carderock. Since 2018, we have delivered our 6000-meter pressure tolerant batteries to several US and foreign customers including US defense customers. "We hope this CRADA and testing with NSWC Carderock, which has significant
Kraken to Provide MCM Solutions for Denmark's SHD
of service when equipment requires maintenance,New systems can be installed on vessels by fitting them to a module, instead of refitting the entire ship,When a ship is removed from service, the modules can be reused by other vessels, andThe multi-role ships can be quickly re-equipped for other roles.Karl Kenny, Kraken President and CEO, said, “Kraken is very pleased to cooperate with SHD for containerized subsea surveillance payloads for the naval and commercial marine industry. These modular payloads will include Kraken surveillance systems and SH container modules. SH Defense will globally promote
Kraken Robotics Buys Brazil's 13 Robotics
systems for the energy markets, Kraken said."Since inception in 2013, 13R have completed projects for a number of global energy companies, with a focus on autonomous underwater inspection in offshore oil and gas as well as renewable energy," Kraken said.Commenting on the acquisition, Karl Kenny, Kraken President and CEO said, “Kraken has known and worked with members of the 13R team since 2016. We look forward to utilizing their expertise in robotic system development, leveraging their relationships with leading international energy companies, and to them providing a base of opportunity
February 2024
