Kraken Robotics Supplies High-Resolution Seabed Mapping Sonar Solution to Australian Navy

Canadian marine robotics company Kraken Robotics said Monday it had supplied high-resolution seabed mapping sonar equipment to the Royal Australian Navy. Kraken delivered its KATFISH high-speed high-definition seabed awareness solution in Q2, and recently completed system integration and sea trials in Cairns, Australia. Kraken expects to provide additional in-service support including training, spares and operational support.

Kraken Robotics Secures Order for AquaPix MINSAS System for HII's REMUS 620 Medium Class UUV

Canadian marine robotics specialist Kraken Robotics has received an initial order for its AquaPix Miniature Synthetic Aperture Sonar (MINSAS) System for HII’s new REMUS 620 Medium Class UUV. "Synthetic Aperture Sonar is quickly becoming the tool of choice for mine countermeasure (MCM) operations due to its significantly increased resolution and higher area coverage rates compared to legacy side scan sonar," Kraken Robotics said.This order is valued at $1 million and will be fulfilled in 2024.

MTR100: Subsea Batteries

Subsea batteries are being configured to meet the demands of science and industry. In both cases, the aim remains to boost the endurance of underwater systems.Not that long ago, SubCtech claimed to be building the world’s largest and only Li-ion battery for subsea oil and gas applications - a 1MWh, 22-ton battery storage skid. The stakes are increasing in this upsizing market, with Kraken Robotics recently announcing an order for subsea batteries worth $16 million…

Kraken Robotics Secures $3M Offshore Wind Farm Survey Services Deal in Europe

Canadian marine robotics company Kraken Robotics Inc. said Thursday it had secured a $3 million contract to carry out boulder detection subsea survey services as part of an offshore wind farm project located in Europe.Kraken’s contract scope includes mobilization of a dedicated survey vessel, deployment of optimal sub-bottom survey equipment, and expert personnel to provide specialist engineering design support to de-risk the installation of the project’s two large offshore substations.

Kraken Robotics Appoints Adu as Head of Services Business

Canadian marine robotics company Kraken Robotics Inc. said Tuesday that Lynne Adu will take over leadership of Kraken’s Services business, expanding her current role as Vice President of Commercials at Kraken. In 2018, Adu joined PanGeo Subsea as General Manager and VP Commercial. Based in Aberdeen, Scotland, Adu has an MBA and more than 25 years of experience in a variety of management roles in offshore oil and gas and offshore services.Kraken is also announcing the retirement of Moya Cahill…

Kraken inks $2.7m in Sonar, Subsea Battery Contracts

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) received contracts totalling $2.7m for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken's list of users. One customer is a European Research Institute operating next-generation AUVs, and the other is a NATO member country in underwater defense applications. Deliveries will occur in 2024.

Kraken Robotics Reports Strong Q2

Kraken Robotics Inc. has announced solid financial results for the quarter ended June 30, 2023.Products revenue in the quarter was $10.5 million, an increase of 24% over the comparable quarter. The increase was the result of continued sales of KATFISH, subsea batteries, work with the Canadian Navy on its RMDS program as well as the sale of synthetic aperture sonar (SAS) systems. Services revenue in the quarter was $3.2 million…

Kraken Robotics to Supply Seabed Mapping Sonar Equipment to a Navy in Asia-Pacific

Canadian marine robotics company Kraken Robotics has won a $9.5 million contract to supply high-resolution seabed mapping sonar equipment to a navy in Asia-Pacific. "The customer cannot be named at this time. Under the scope of the contract, Kraken will deliver its KATFISH™ high-speed minehunting solution. The contract also includes a variety of support and sustainment options, including training, spares and operational support…

Kraken Robotics Wins $16m Order for SeaPower Batteries

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), has received a purchase order for subsea batteries valued at $16 million. Deliveries will occur in 2023 and 2024. The purchase order includes a significant advance payment. With this order Kraken has now received more than $30 million of purchase orders in the last six months for its SeaPower subsea batteries. Since the beginning of 2022, Kraken has announced more than $120 million of contracts.

Kraken Robotics Wins $3M Order for SeaPower Subsea Batteries

Canadian subsea robotics firm Kraken Robotics has secured a $3 million order for its SeaPower subsea batteries from an unnamed client."Kraken’s SeaPower 6000-meter rated pressure tolerant batteries are based on Kraken’s unique pressure tolerant gel encapsulation technology for lithium polymer batteries," Kraken said.Kraken describes its batteries as "an attractively priced, environmentally friendly…

Kraken Wins $1.5m in SAS Orders for Defense Customer

Kraken Robotics announced $1.5 million in orders from a US defense customer for our AquaPix synthetic aperture sonars (SAS). These 6000-meter rated systems will be integrated to the customer’s Autonomous Underwater Vehicles (AUVs). Delivery is expected in 2023.

Kraken Robotics Earns Top Spot on TSX Venture Top 50 List

Kraken Robotics Inc. said that the Toronto Venture Stock Exchange has recognized Kraken Robotics as a 2023 Top 50 Company. Kraken placed first in the technology category. The TSX Venture 50 is a ranking of the strongest companies on TSX Venture Exchange by share price appreciation, trading volume amount, and market capitalization growth.“We are honored to be recognized as a Top 50 company within the Toronto Venture Stock Exchange," said Greg Reid, President and CEO of Kraken.

Kraken Update Progress on Subsea Laser Scanner Service Activities

Kraken Robotics' SeaVision 3D underwater laser scanning technology is primarily used in assisting the offshore energy sector to acquire quality subsea asset integrity information. Specific examples include providing measurements to help clients avoid unscheduled interruption of production and enabling reverse engineering of damaged subsea equipment to enable repairs in-place. During several recent offshore deployments…

Kraken Robotics Names Shea CTO

Kraken Robotics announced that David Shea, Executive Vice President (EVP) of Products, will take on the additional role of Kraken’s Chief Technology Officer (CTO). Shea joined Kraken more than 10 years ago at its inception, and has been directing Kraken’s engineering, product development, and R&D in a variety of roles, first as Kraken’s Senior Vice President of Engineering and subsequently as EVP, Products.

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.

HII’s New Medium Class UUV sports Kraken SAS

Kraken Robotics said its AquaPix Miniature Synthetic Aperture Sonar (MINSAS) System has been selected as the standard payload offering on HII’s new REMUS 620 Medium Class UUV. HII selected the Kraken Aquapix MINSAS-60 and MINSAS-120 as the standard imagery sonar options due to the Kraken’s combination of performance and versatility to suit a wide range of customer needs at a commercially competitive price…

Kraken Wins $50+ Million Contract for Royal Canadian Navy Minehunting

Canadian marine technology company Kraken Robotics Inc. on Wednesday announced it has been awarded a prime contract with the Government of Canada to provide Remote Minehunting and Disposal Systems (RMDS) for the Department of National Defense (DND). The contract consists of an estimated 24-month acquisition program followed by an initial five-year Integrated Logistics Support (ILS) program, which includes options for additional equipment…

Maritime Defense Industry Specialist Joins Kraken Robotics' Board of Directors

Canada-based marine technology firm Kraken Robotics has appointed Bernard Mills to its board of directors, effective December 1, 2022. "Mr. Mills is an internationally experienced executive specializing in defense and critical infrastructure sectors. He will commence, also on December 1st, the role of CEO and Managing Director at Stelia North America, part of the Airbus Group and a leading manufacturer of composites and metallic structures for the aerospace industry…

Kraken Robotics' 3Q Revenue on the Rise

Canadian marine robotics specialist Kraken Robotics saw its third quarter 2022 revenue grow to $12.3 million compared to $5.1 million in the prior year.The company said Tuesday that its revenue growth was driven by the continued delivery to the Royal Danish Navy on multiple minehunting systems, the addition of PanGeo services, and the delivery of our SeaPower battery products. Year-to-date revenue…

Kraken Robotics Secures $14M Subsea Battery Order

Kraken Robotics has received an initial order for subsea batteries valued at $14 million. The company said the order included a significant advance payment. Deliveries will occur in 2023, Kraken said, without sharing the identity of the client."Kraken’s SeaPower 6000-meter rated pressure tolerant batteries are based on  Kraken’s unique pressure tolerant gel encapsulation technology for  lithium polymer batteries," Kraken said.