Insider Brief
- Kraken Robotics Inc. has secured contracts worth $2.4 million for its subsea batteries and synthetic aperture sonar systems (SAS), with deliveries scheduled for 2024.
- The SAS systems will be provided to a Research Institute and a Hydrographic Office of an unspecified Navy, while details of the subsea power customer remain confidential.
- Kraken Robotics, a leading marine technology company, specializes in advanced subsea sensors, batteries, and robotic systems designed to address challenges in ocean exploration and mapping safely, efficiently, and sustainably.
PRESS RELEASE — ST. JOHN’S, NEWFOUNDLAND/19 March 2024 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that it has received contracts totalling $2.4 million for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts are for a Research Institute and a Hydrographic Office of an unnamed Navy. No details can be provided on the subsea power customer due to confidentiality. Deliveries will occur in 2024.
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans — safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.
