Kraken News

(File photo: Kraken)

Kraken Reports 126% Revenue Jump in 2019

Canadian marine technology company Kraken Robotics Inc. reported an annual revenue of $15 million (CAD) for 2019, up 126% from $6.7 million for 2018.Revenue in 2019 was highlighted by the delivery of a $9 million order for SeaPower batteries to Ocean Infinity in the second half of the year; the delivery of a KATFISH system in the second quarter of 2019 as well as delivery of sensors to multiple customers, the company said.“2019 was an extremely busy year for Kraken,” said Karl Kenny, Kraken’s President and CEO. "We are delighted to have generated positive Adjusted EBITDA in 2019

Kraken's SeaVision 3D Underwater Laser Scanner integrated onto the Greensea Hull Crawler, with foam to maintain neutral buoyancy (Photo: Kraken)

Kraken, Greensea Partner to Advance Marine Robotics

Kraken Robotics and Greensea Systems have agreed to expand upon collaborative efforts already undertaken between the two companies to advance the capabilities of marine robotics. Under the agreement, Greensea will support development, integration and testing work with Kraken across several of Kraken’s technology platforms.The companies have worked together over the last 12 months to utilize Greensea's OPENSEA open architecture robotic platform and provide a robust, modular and extensible software architecture for Kraken’s autonomous underwater vehicles and towed systems.Karl Kenny

Kraken’s KATFISH system back onboard after completing Phase 1 of offshore survey work under the OceanVision project. Photo: Kraken

Kraken Debuts Ultra High Def Upgrade for AquaPix Imaging Sonars

Kraken Robotics Inc. announced it has achieved a practical resolution of 2 cm with a Commercial-Off-The-Shelf (COTS) Synthetic Aperture Sonar (SAS), Kraken’s AquaPix MINSAS.“For demanding subsea survey missions in mine countermeasures, infrastructure monitoring and oil & gas exploration; data quality is of the essence," said Karl Kenny, Kraken’s President & CEO. "The sensor that gets the job done most effectively is one that combines Ultra High Definition (Ultra HD) imagery with an extremely high area coverage rate.  Kraken’s latest development, the next

The San Juan, before she was lost. Source: Ocean Infinity

Ocean Infinity’s Hunt for the Submarine San Juan

45-tonne fiber rope winch and construction class crane. The Normand Frontier was mobilized in November 2019 on a three-year charter from Solstad Offshore. It was recently the host vessel for a seabed data project in Angola for Total.  The Hugins now also have new 6000 m depth tolerant batteries from Kraken Robotics subsidiary, Kraken Power, that extend battery life from 60 to 100 hours. This allows for missions to be conducted across a period of more than four days without a battery change. Ocean Infinity says that the technology, when partnered with its multi-AUV approach, increases the possible survey

Cables SAS/Bathymetry Overlay  (Image: Kraken)

Kraken Reports Contracts Worth $2.8 Million

Kraken Robotics Inc. announced in a business activity update on Monday that it has recently received orders from four U.S. companies and one Canadian company totalling $2.8 million. The company expects to fulfill these contracts in the first half of 2020.A new customer primarily targeting the defense industry will be using Kraken SeaPower batteries in its autonomous underwater vehicles (AUV). Kraken currently expects another battery order from this customer in the third quarter of this year.An existing defense industry customer is acquiring additional SeaPower This is the customer’s third order

Kraken President & CEO, Karl Kenny (Photo: Eric Haun)

Kraken Finalizes OceanVision Contract

Kraken Robotics Inc. announced its wholly owned subsidiary, Kraken Robotic Systems Inc., has finalized the contract for the OceanVision project with the Ocean Supercluster and industry partners (Petroleum Research Newfoundland and Labrador, Ocean Choice International and Nunavut Fisheries Association).OceanVision is a three-year, $18.8 million project focused on the development of new marine technologies and products to enable an underwater robotics data acquisition and data analytics as a service business. Under the OceanVision project, Canada's Ocean Supercluster will provide an investment up to

(Image: Kraken)

Kraken Wins Canadian Government Contract

Kraken Robotics subsidiary Kraken Robotic Systems has been awarded a contract valued at $524,720 (CAD) (approximately US$405,500) with the Government of Canada for Kraken’s SeaVision 3D laser scanner.An underwater 3D laser imaging system designed to be fitted to remotely operated and autonomous underwater vehicles, SeaVision was initially pre-qualified under the Canadian government’s Build in Canada Innovation Program (BCIP). Effective April 1, 2019, BCIP became the Innovative Solutions Canada –Testing Stream (ISC-TS), delivered by Innovation, Science & Economic Development’s

(Image: Kraken)

Kraken to Equip JetMaster Robots

Kraken Robotics said its Kraken Power subsidiary has signed a multi-year supply agreement with Multi Pump Innovation (MPI) of Norway to supply RIM-driven thrusters and control systems for use in MPI’s new JetMaster automated cage cleaners used for fish farming.While JetMaster, introduced in August 2019, is a new product, MPI believes it will purchase at least $2 million worth of Kraken thrusters per year going forward.In addition, the companies expect to partner on further developments in the aquaculture industry that may require batteries and underwater charging products from Kraken Power.

Ocean Infinity’s Kongsberg Hugin AUVs powered by four, 20 kWh Kraken batteries for a total of 80 kWh per vehicle. (Photo: Kraken Robotics)

Kraken Gives Ocean Infinity AUVs an Energy Boost

Ocean Infinity's Kongsberg Hugin autonomous underwater vehicles (AUV) have achieved significant endurance milestones during testing thanks to new pressure tolerant batteries from Kraken Robotics. The vehicles performed several missions to greater than 5,000 meters and an unprecedented mission of over 100 hours without recharging, while running a full survey payload. As a result, using Kraken batteries, Ocean Infinity can operate increased survey ranges to nearly 700 line-kilometers per deployment.Using batteries from Kraken subsidiary, Kraken Power GmbH, Ocean Infinity is seeing an increase

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