Kraken Awarded $1 Million Defense Contract

Kraken Robotic Systems Inc., a wholly owned subsidiary of Kraken Robotics Inc., has recently received a sonar signal processing software contract valued at approximately $1 million dollars from an international defense contractor. The 12-month contract is with a new customer and will be supported by Kraken’s recently established Acoustic Signal Processing Group.

Kraken aid it is targeting additional international opportunities in this segment and sees major opportunities within the upcoming Canadian Underwater Warfare Suite Upgrade, the Canadian Surface Combatant program and other international underwater surveillance programs.

Kraken’s Acoustic Signal Processing Group has 80+ years of combined experience in sonar systems development and integration. Their core competency is implementation of digital signal processing and user interface software for Anti-Submarine Warfare (ASW) sonar applications. This work frequently involves integration with embedded processing platforms for shipboard or shore-based analysis systems. The group can process and display data from fixed and mobile underwater as well as airborne systems to take advantage of machine automation, active and passive array technology improvements, hardware and software upgrades of submarine, surface and airborne ASW systems.

Karl Kenny, Kraken’s President and CEO, said, “There is a significant and growing demand for strengthening ASW capabilities operated on surface warships, aircraft, submarines and unmanned systems. Such technologies are used to track, locate and neutralize hostile submarine threats. Naval forces around the world are focusing on development of ASW technology because of the regional proliferation of submarines. In fact, the market analyst firm Forecast International estimates the market for ASW systems to be over US$30 billion from 2018-2032.”