Kraken Robotics Secures $12 Million in Subsea Technology Orders

Kraken Robotics Achieves Major Order Milestone

Kraken Robotics Inc. has recently announced the acquisition of approximately $12 million in purchase orders for its advanced synthetic aperture sonar (SAS) systems and subsea battery products. This significant investment highlights the growing demand for innovative underwater technology solutions tailored for both military and commercial applications.

Details of the Orders Received

The orders include a selection of Kraken SAS products, along with the KATFISH™ towed SAS spares and SeaPower™ batteries, from multiple prestigious organizations. Notable clients include Teledyne Marine and two NATO-affiliated navies, indicating the trust and reliance on Kraken's superior maritime technology.

Strategic Growth in Diverse Markets

Kraken Robotics’ President and CEO, Greg Reid, expressed confidence in the company’s performance as the year draws to a close, stating, "We are seeing numerous expected orders coming through as budgets reset. The recent acquisition of two new SeaPower battery customers reinforces our presence in both defense and commercial sectors." This dual-use technology is pivotal, as it serves various applications ranging from maritime security to offshore energy exploration.

Integration and Innovation

The cutting-edge Kraken SAS and SeaPower battery systems are set to be integrated into Teledyne Marine's Gavia and SeaRaptor autonomous underwater vehicles (AUVs) for unnamed clients, further expanding Kraken's technological footprint in the underwater robotics realm. Additionally, the Kraken SAS will play a critical role in Terradepth's Absolute Ocean operating system, which aggregates multi-domain data for military and commercial operators, enhancing autonomous survey capabilities for key government and energy sector clients.

Global Reach and Versatile Applications

With a global clientele spanning over 30 countries, Kraken Robotics is dedicated to facilitating the exploration and protection of our oceans through its innovative solutions. The adaptability of Kraken's products ensures they can be utilized across various platforms, from smaller, man-portable systems to more sophisticated extra-large unmanned underwater vehicles (XLUUVs). This versatility positions Kraken at the forefront of the subsea technology sector.

About Kraken Robotics Inc.

Kraken Robotics, listed on the TSX Venture Exchange under the ticker TSX-V: PNG and OTCQB under the ticker KRKNF, is a leader in subsea intelligence solutions. The company specializes in 3D imaging sensors, advanced power solutions, and robotic systems designed to tackle challenges faced in oceanic environments securely and sustainably.

With products such as synthetic aperture sonar and high-performance sub-bottom imaging and LiDAR systems, Kraken offers unparalleled resolution and insights vital for ensuring ocean safety, infrastructure integrity, and geological assessments.

Headquartered in Canada, Kraken maintains a robust presence across North America, South America, and Europe, continually expanding its reach and influence in the subsea technology market.

Frequently Asked Questions

What products has Kraken Robotics recently received orders for?

Kraken Robotics received orders for synthetic aperture sonar systems and SeaPower batteries, totaling approximately $12 million.

Which organizations placed the orders with Kraken Robotics?

Orders were placed by Teledyne Marine, Terradepth, and two NATO member nations.

What applications do Kraken's products cater to?

Kraken’s technology addresses various applications including maritime security and offshore energy projects, emphasizing both defense and commercial utility.

How does Kraken Robotics support its global clients?

Kraken Robotics provides advanced, platform-agnostic solutions tailored for integration into various types of AUVs, supporting clients in over 30 countries worldwide.

Where can I find more information about Kraken Robotics?

More details about Kraken Robotics can be found on their official website and social media platforms.

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