Kraken Awarded $3 Million Seabed Survey Contract
ST. JOHN’S, NEWFOUNDLAND, November 29, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has been awarded a $3 million contract to supply high-resolution seabed mapping services (Robotics as a Service or RaaS) to a survey operator, in support of an unnamed navy customer. Under the scope of the contract, Kraken’s KATFISH™ high-speed […]
Kraken Robotics Awarded $1 Million Contract to Survey Buried Subsea Pipeline
ST. JOHN’S, NEWFOUNDLAND, November 28, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) (“Kraken” or the “Company”), announced it has been awarded a contract for a specialized sub-seabed survey to map the exact location and integrity of buried pipelines. The contract, valued at $1 million, will be completed in the first half […]
Kraken Robotics Reports Record Financial Results
Revenue Increases 66% to $20.3 million, Adjusted EBITDA increases 153% to $4.4 million
Kraken Announces Changes to Board of Directors
ST. JOHN’S, NEWFOUNDLAND, November 20, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce that effective November 20, Peter A. Hunter has been appointed to the Company’s Board of Directors. Mr. Hunter replaces Larry Puddister, a long time Kraken Director who has resigned. Mr. Puddister […]
Kraken Delivers Mine Hunting Solution to Australian Navy
ST. JOHN’S, NEWFOUNDLAND, November 6, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) announces that it has supplied high-resolution seabed mapping sonar equipment to the Royal Australian Navy. Kraken delivered its KATFISH high-speed high-definition seabed awareness solution in Q2, and recently completed system integration and sea trials in Cairns, Australia. Kraken expects […]
Kraken Receives Synthetic Aperture Sonar Order from HII
ST. JOHN’S, NEWFOUNDLAND, November 2, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce an initial order of its AquaPix® Miniature Synthetic Aperture Sonar (MINSAS) System for HII’s new REMUS 620 Medium Class UUV. Synthetic Aperture Sonar is quickly becoming the tool of choice for mine […]
Kraken Robotics Announces $3 Million Boulder Detection Survey Contract for Offshore Wind Farm Project in Europe
ST. JOHN’S, NEWFOUNDLAND, October 19, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces it has received a $3 million contract to carry out boulder detection subsea survey services as part of an Offshore Wind Farm Project, located in Europe. Kraken’s contract scope includes mobilisation of a dedicated […]
Kraken Robotics Supports Multiple Countries at NATO Exercise
ST. JOHN’S, NEWFOUNDLAND, October 3, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce its recent participation at Exercise REPMUS 23 in Portugal. The Robotic Experimentation and Prototyping with Maritime Unmanned System (REPMUS) is focused on capability development and interoperability, and the 2023 Exercise involved […]
Kraken Robotics Announces Management Update
ST. JOHN’S, NEWFOUNDLAND, September 26, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that Ms. Lynne Adu will take over leadership of Kraken’s Services business, expanding her current role as Vice President Commercial at Kraken. In 2018, Ms. Adu joined PanGeo Subsea (acquired by Kraken in 2021) […]
Kraken Announces $2.7 Million of Sonar & Subsea Battery Contracts
ST. JOHN’S, NEWFOUNDLAND, August 31, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) (“Kraken” or the “Company”), announced it has received contracts totalling $2.7 million for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken’s ever-expanding list of users. One […]
