Kraken Robotics Reports Revenue Jump
year-ago quarter. During the quarter, we strengthened our balance sheet with a $20 million equity financing and $45 million of new committed credit facilities. The demand environment for our technology solutions has never been better and the opportunities we are seeing in both our defense and offshore energy markets continues to grow,” said Kraken President and CEO Greg Reid.Kraken says that industry demand signals are solid with an increasing focus on the surveillance and security of critical underwater infrastructure and subsea warfare driven by increased geopolitical tensions. Against this
Metron and Cellula Robotics Join Forces for UUV Long Duration Ops
Metron has signed a partnership agreement with Cellula Robotics to expand uncrewed underwater vehicle (UUV) capabilities for advanced operations in dynamic environments.The new agreement will leverage the expertise of both companies and address specific technical gaps in the UUV defense and offshore energy markets especially for long duration, multi-payload mission operations where communications are often denied or restricted.As part of the new alliance, Metron's Resilient Mission Autonomy portfolio will be integrated into Cellula's Solus and Imotus families of vehicles to deliver AI-enabled
Maritime Defense Industry Specialist Joins Kraken Robotics' Board of Directors
modularization, autonomy and AI,” said Mills. “Kraken has an impressive array of people 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
Digitalization: Leveraging Digital Innovation in Offshore Energy
is an increasing expectation that oil and gas firms can demonstrate their value and efficiency through more data-centric processes, managing costs and reacting more quickly to changing market conditions. While the sector has typically been slow to adopt digital innovations, today’s offshore energy markets are fluid and fast-changing, and the ‘business as usual’ model will not necessarily yield the best future results.AI, automation and data-driven solutions are helping companies across industries to reduce costs, improve efficiency and cut emissions. Implementing digital innovation
Ashtead Technology Names Middle East Director
for our business and we are delighted to have Scott leading our operations in the region and driving the next phase of growth. This recent strategic appointment reflects our ambitious growth plans for the region, and internationally, as we look to expand our service offering across all key offshore energy markets to solve our customers’ underwater survey, mechanical solutions, and asset integrity challenges.”Ashtead Technology strengthened its position in the Middle East with the acquisition of Abu Dhabi based TES Survey Equipment Services in 2016. In 2019, the company invested in a new
Oi '22 Gains Traction for Live Exhibition in March
of Fugro’s transition towards a Net Zero Fleet. With the build of the fifth Blue Essence (12m) and the recently ordered first Blue Eclipse (18m), Fugro is cementing its market-leading position in developing and operating a global USV fleet for seabed mapping and asset inspection in the offshore energy markets. I am excited that we now have this newest generation of USVs available for European clients and have the opportunity to show some of its capabilities at Oceanology international. Over the coming years, Fugro will further expand its fleet of USVs for safer, more sustainable solutions for
CRP Subsea Invests in New Manufacturing Plant to Meet Offshore Wind Industry Demand
CRP Subsea, a UK-based company developing polymer and syntactic foam-based buoyancy and protection products for the offshore energy markets, has invested in a new manufacturing facility to support their transition from primarily oil & gas into the renewables market. The new 12,000 square-meter facility manufacturing facility includes a semi-automated production line for the NjordGuard cable protection system used in offshore wind farms. The facility is located in Skelmersdale, Lancashire, UK."The new facility enables CRP Subsea to significantly improve flow of materials, achieve throughput
Kraken Robotics Buys Brazil's 13 Robotics
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 for Robotics/Data as a Service capabilities in South America. "As the offshore energy markets continue to focus on reduction of costs and reduction of greenhouse gases through the use of resident autonomous systems, Kraken and the 13R team will be well positioned to support the need for clean, efficient and cost-effective technology.”Consideration for the 13R acquisition was
Rovco in Management Shift as CEO Set to Lead New Robotics firm Vaarst
time has come for someone else to lead Rovco forward on its journey and handing over the reins to Simon was an easy decision to make. "This has been in the making for a while, and the company is strategically well-positioned to not only thrive but continue its rapid growth in its core offshore energy markets. Vaarst has so much potential and will now also be targeting new markets in the industrial robotics sectors with tech that was born from the offshore world. We are extremely excited to show industry across the globe this new brand once launched, watch this space!”
February 2025
