Kraken Reports Q3 2019 Results
ST. JOHN’S, NEWFOUNDLAND, November 26, 2019 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, announced it has filed its financial results for the third quarter ended September 30, 2019. Additional information concerning the Company, including its unaudited condensed consolidated interim financial statements and related management’s discussion and analysis (“MD&A”) for […]
Kraken Announces Major Subsea Battery Milestone With Ocean Infinity
ST. JOHN’S, NEWFOUNDLAND – 18 NOVEMBER 2019 /GLOBE NEWSWIRE/ – Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its customer, Ocean Infinity, achieved significant milestones in endurance testing of their Kongsberg Hugin AUVs using new pressure tolerant batteries from Kraken. This included several missions to greater than […]
Kraken Announces Preliminary Record Q3 Revenue of $7.6 – $7.8 Million
ST. JOHN’S, NEWFOUNDLAND – 16 OCTOBER 2019 /GLOBE NEWSWIRE/ – Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that it anticipates record quarterly revenue from $7.6 to $7.8 million for the recently completed third quarter ended September 30, 2019. This would generate year-to-date revenue in the first three […]
Near-record investment expected as ‘bow wave’ of activity heads for Newfoundland offshore
“Newfoundland and Labrador’s offshore oil industry is preparing for a serious uptick in exploration activity, with $4 billion in work commitments poised to attract near-record drilling in the next few years as companies search for the next Hibernia-type discovery. But industry leaders caution that myriad factors will determine whether that target is achievable, or whether […]
Kraken Receives $750,000 of Innovation Funding
ST. JOHN’S, NEWFOUNDLAND – 3 OCTOBER 2019/GLOBE NEWSWIRE/– Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., will receive a financial contribution of up to $749,746 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). This […]
Kraken Notified of Successful Bid on International Mine Hunting Upgrade Program
ST. JOHN’S, NEWFOUNDLAND – 2 OCTOBER 2019 /GLOBE NEWSWIRE/ – Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has received official notification that the Company was chosen as the successful bidder on a program for the acquisition of new […]
Kraken to Establish Robotics-as-a-Service Joint Venture
ST. JOHN’S, NEWFOUNDLAND – 24 September 2019/GLOBE NEWSWIRE/ – Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., intends to establish a joint venture with a company owned by Kraken Board member, Larry Puddister, for the provision of subsea services. […]
Kraken Awarded $2.9 Million KATFISH Contract from ThayerMahan Inc.
ST. JOHN’S, NEWFOUNDLAND – 23 SEPTEMBER 2019/GLOBE NEWSWIRE/– Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has received a purchase order from ThayerMahan Inc., for a KATFISH™180 system. This follows a first KATFISH™order in June 2019 from them. ThayerMahan […]
Kraken Launches OceanVision™ Project
ST. JOHN’S, NEWFOUNDLAND – 09 September 2019/GLOBE NEWSWIRE/– Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has launched the initial phase of its OceanVision™ project. Commencing in late September, Kraken will deploy its sensors and unmanned underwater platforms to […]
Kraken Awarded $2 Million Deep Sea Battery Contract
ST. JOHN’S, NEWFOUNDLAND – 29 August 2019/GLOBE NEWSWIRE/– Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has been awarded a contract for approximately $2.0 million by a military customer to provide a high capacity battery solution for an underwater […]
