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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.
Kraken Completes Submarine Power Cable Survey with KATFISH Towed Sonar
Kraken Robotics completed of the offshore portion of a Robotics as a Service (RaaS) contract for the marine inspection of critical underwater infrastructure, including a submarine power cable. The contract value is $0.5 million. Kraken completed the offshore survey in challenging sea state conditions, including up to 4 kts of cross current, by using the KATFISH high-speed towed synthetic aperture sonar…
Kraken's PanGeo Subsea Completes Over $5 Million of Sub-Bottom Imager Projects
PanGeo Subsea, a subsidiary of Canadian marine robotics company Kraken Robotics, has completed over $5 million in Sub-Bottom Imager (SBI) projects year-to-date. This includes over 1,500 km of depth of burial (DOB) surveys that have a cumulative 2022 contract value of over $3 million. These surveys have supported the development of offshore wind farms in the US, Irish Sea, North Sea, Baltic Sea, and off the coast of Taiwan…
Kraken Robotics' Brazilian Subsidiary Gets $8M R&D Funding
Canadian marine robotics company Kraken Robotics said Friday it had signed a R&D contract with a global energy company that will provide $8 million of cash funding to Kraken’s Brazilian subsidiary over a 3-year period.Under this project, Kraken will continue the development of Artificial Intelligence, Machine Learning software, and subsea autonomy solutions to intelligently analyze sensor data and learn how to respond to highly dynamic environments in the offshore oil and gas, wind, hydrographic
Kraken Gets $1.1M Synthetic Aperture Sonar Order for NATO Navy Clients
Kraken Robotics has secured a $1.1 million purchase order from an unnamed customer for several of its AquaPix synthetic aperture sonars SAS). "These systems will be integrated to Autonomous Underwater Vehicles (AUVs) for delivery to two distinct NATO navies. Delivery is expected in the first half of 2023." Kraken Robotics said .Kraken’s AquaPix is an off the shelf, configurable SAS that replaces high end sidescan systems at an…
Record Year for PanGeo Subsea's Acoustic Corer
Canadian marine robotics firm Kraken Robotics said Friday that its PanGeo Subsea was celebrating a record year of contracts valued over $8 million for its Acoustic Corer.Kraken said PanGeo Subsea was near completion of Acoustic Corer ("AC") contracts valued at over $8 million in 2022, so far."This has been the AC's busiest year since its commercialization in 2011, supporting surveys in the US, North and Baltic Seas…
Qikiqtaaluk Corporation Orders Kraken Synthetic Aperture Sonar for Arctic AUV Survey
Canadian marine robotic company Kraken Robotics has received an order for its AquaPix synthetic aperture sonar (SAS) which will be integrated into Qikiqtaaluk Corporation's (QC) Autonomous Underwater Vehicle (AUV).Qikiqtaaluk Corporation will use the AUV to carry out conduct ghost gear detection operations in the Arctic. Delivery is expected in 2023 and the contract value is more than $600,000, Kraken…
Kraken Wins Subsea Battery Order from AUV Manufacturer
Canada-based maritime robotics firm Kraken Robotics has secured an order for subsea batteries from a manufacturer of autonomous underwater vehicles (AUVs). "The order is valued at $1.1 million and is a follow on from a $4.8 million order from the same customer earlier this year. For confidentiality reasons, we cannot disclose the customer’s name. Delivery is expected in Q4," Kraken Robotics said.Kraken’s…
Kraken's PanGeo SubSea Completes Acoustic Corer Survey off the Dutch Coast
Kraken Robotics said that its PanGeo Subsea subsidiary completed an acoustic coring (AC) campaign for ONE-Dyas in the North Sea, the company's second AC survey at ONE-Dyas's GEMS development, supporting foundation engineering of the N05-A gas platforms.The campaign took place during the summer aboard the M/V Dina Star. PanGeo was the prime contractor for the project. The scope of work was to acquire an acoustic core at each of the 6 legs of the platform foundation…