Kraken Robotics Wins $11M of New Service Contracts
Canadian marine technology company Kraken Robotics has secured $11 million of new contracts since the start of the year.The work scope of the contracts will be completed in 2024, Kraken Robotics said.The contracts consist of a $8 million Acoustic Corer deal signed earlier in April, and several smaller Sub Bottom Imager contracts for offshore wind farm development totaling $3 million.Under the Acoustic Corer contract, Kraken will provide high resolution sonar imagery at depths of up to 20 meters in the seabed using its 3D Acoustic Core imaging sonar.The new contracts come in addition to $4 million of
Kraken Robotics Sees Strong Momentum Continuing
Kraken Robotics has filed its financial results for the fourth quarter and year ended December 31, 2023, highlighting that consolidated revenue for Q4 2023 was $28.0 million compared to $8.8 million, an increase of 218% over the comparable quarter and marked the company’s strongest quarter to date for both the product and service businesses.Revenue mix was 70% Product / 30% Service. Product revenue in the quarter was $19.6 million, an increase of 287% over the comparable quarter.The increase was the result of continued delivery of subsea batteries, work with the Canadian Navy on its Remote
Kraken Robotics Wins $6 Million Order for Subsea Batteries
Kraken Robotics Inc. announced it has received orders totaling more than $6 million for subsea batteries.The Canadian-based marine technology company did not disclose details about the customer or application.Kraken said it expects to perform deliveries in 2024 and 2025.
Kraken Robotics Reels In $2.4M Sonar and Subsea Power Contracts
Canadian company Kraken Robotics has secured contracts totaling $2.4 million for subsea batteries and synthetic aperture sonar systems (SAS).The SAS sensor contracts are for a Research Institute and a Hydrographic Office of an unnamed Navy.No details can be provided on the subsea power customer due to confidentiality, Kraken Robotics informed.Deliveries of the systems will take place in 2024.
Kraken Joins Forces with US Navy for SAS Sensor Research
Kraken Robotics has signed an agreement with Naval Undersea Warfare Center Division (NUWC) in Newport to conduct joint research into advanced signal processing techniques for the current and future generation of Synthetic Aperture Sonar (SAS) sensor technologies.The cooperative research and development agreement signed between the parties also includes exploration into enhanced image processing techniques such as data fusion, image registration, multi-spectral image enhancement and automated target recognition.Kraken Robotics has engaged in several similar R&D agreements with U.S. government
Kraken Robotics Delivers Minehunting Systems to Royal Danish Navy
Canadian company Kraken Robotics has completed deliveries and sea acceptance tests of all systems for its minehunting sonar equipment under the contract with Royal Danish Navy.The contract was signed in September 2020, following a competitive bidding process. Under the contract with the Danish Ministry of Defence Acquisition and Logistics Organization (DALO), Kraken has delivered four complete turnkey minehunting systems.Each system consists of a KATFISH towed Synthetic Aperture Sonar, Tentacle Winch and Autonomous Launch and Recovery System (ALARS), topside command and control equipment, and remote
Mark Exeter Joins Kraken Technology Group as COO
U.K. based Kraken Technology Group announced it has appointed Mark Exeter as its new chief operating officer.Exeter joins Kraken from L3Harris where he was managing director of their U.K.-based autonomous surface vehicles (ASV) division. With a 30-year career in engineering and technology-led businesses, and 16 of those leading multi-disciplinary teams in maritime robotics, Exeter’s appointment as COO will be a significant catalyst and force-multiplier for Kraken’s operational capabilities, the company said.Mal Crease, founder and CEO of Kraken Technology Group, said, said, “Kraken
Finalists for Subsea Expo Awards '24 Announced
category are underwater cable and umbilical designer and manufacturer Fibron BX, integrated energy services company Kent and electrical monitoring and asset integrity solutions provider Viper Innovations.Recognizing excellence in international trade, the Global Exports category – sponsored by Kraken Robotics – sees Viper Innovations shortlisted alongside Hartlepool-based subsea technologies and services provider JDR Cable Systems.Up and coming talent in the underwater industry will be recognised with the Rising Star Award. The nominations in this category are Iván Alonso
Hogan Retires from OceansAdvance
Petten, the newly appointed Executive Director, brings over 17 years of experience in the ocean technology sector from both private industry and the public sector. Having previously worked as an Economic Development Officer with the government of Newfoundland & Labrador and, more recently, with Kraken Robotics and PanGeo Subsea, Shelly is well-equipped to lead OceansAdvance into its next chapter. Her extensive professional relationships and past experiences will contribute to the growth of the ocean technology sector and position the province as a leader in the ocean sector."I am so excited
February 2024
