Kraken Robotics Enters into New Credit Agreement to Support Continued Growth
$45 Million of New Committed Credit Facilities
Kraken Robotics Reports Record 2023 Financial Results and Sees Strong Momentum Continuing
Reiterates F2023 Guidance of $66-78 Million in Revenue and $12-17 Million in Adjusted EBITDA
Kraken Robotics Receives $6 Million Order for Subsea Batteries
ST. JOHN’S, NEWFOUNDLAND, 18 April 2024 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that it has received orders totalling more than $6 million for subsea batteries. Customer details cannot be disclosed. Deliveries are expected to occur in 2024 and 2025. Figure 1: SeaPower™ Subsea Batteries […]
Kraken Robotics Announces $2.4 Million of Sonar and Subsea Power Contracts
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. […]
Kraken Robotics Signs Cooperative Research & Development Agreement with US Navy for next Generation Synthetic Aperture Sonar (SAS) Beamforming
ST. JOHN’S, NEWFOUNDLAND, 04 March 2024 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that its wholly owned subsidiary, Kraken Robotic Systems Inc., has signed a Cooperative Research and Development Agreement (CRADA) with Naval Undersea Warfare Center Division, Newport (NUWCDIVNPT). The objective of this CRADA is to conduct […]
Kraken Robotics Minehunting Systems Operational with the Royal Danish Navy
ST. JOHN’S, NEWFOUNDLAND, 28 February 2024 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce the completion of all deliveries and the successful sea acceptance of all systems for its mine-hunting sonar equipment under the Royal Danish Navy Minehunting sonar upgrade program. This contract was signed […]
Kraken Robotics Updates 2023 Financial Guidance and Provides Strong 2024 Outlook
Sales Funnel Pipeline More than $900 Million
Kraken Receives Synthetic Aperture Sonar Order from NATO CMRE
ST. JOHN’S, NEWFOUNDLAND, December 21, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce that it has received an order from NATO Science and Technology Organisation (STO) Centre for Maritime Research and Experimentation (CMRE) for a Miniature Synthetic Aperture Sonar (MINSAS) System from Kraken. The […]
Kraken Maintains Strong Q4 Service Utilization with Record Number of Survey Awards
ST. JOHN’S, NEWFOUNDLAND, December 14, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces it has received multiple survey service orders in Q4 to support offshore energy and infrastructure projects allowing the company to maintain strong utilization. These offshore project surveys valued at approximately $5 million include: Cable […]
Kraken Awarded Seabed Survey Contract in Australia
ST. JOHN’S, NEWFOUNDLAND, December 11, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) is pleased to provide more detail on a recent contract announcement. Kraken will supply high-resolution seabed mapping sonar service to Precision Hydrographic Services (PHS), a customer supporting the Australian Department of Defence. The Australian Department of Defence has awarded […]
