Kraken Provides Update on PanGeo Earnout
ST. JOHN’S, NEWFOUNDLAND – December 9, 2022 – Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”), Canada’s Ocean Company, is providing the following update on its earnout obligations under the definitive share purchase agreement entered into on July 20, 2021 (the “PanGeo Agreement”). Under the PanGeo Agreement, and as previously described in […]
Kraken Awarded $50+ Million Navy Contract for Royal Canadian Navy Minehunting Program
ST. JOHN’S, NEWFOUNDLAND, December 7, 2022 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, announced it has been awarded a prime contract with the Government of Canada to provide Remote Minehunting and Disposal Systems (RMDS) for the Department of National Defense (DND). The contract consists of an estimated 24-month acquisition […]
Maritime Defense Industry Leader Joins Kraken Board of Directors
ST. JOHN’S, NEWFOUNDLAND, November 30, 2022 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, announces that effective December 1st, Bernard Mills will join the Company’s Board of Directors. Mr. Mills is an internationally experienced executive specializing in defense and critical infrastructure sectors. He will commence, also on December 1st, the […]
Kraken Reports Strong Q3 2022 Financial Results
Revenue of $12.3 million and adjusted EBITDA margin of $1.8M
Kraken Receives $14 Million Order for Subsea Power Systems
ST. JOHN’S, NEWFOUNDLAND, November 28, 2022 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) announces that it has received an initial order for subsea batteries valued at $14 million, which includes a significant advance payment. Deliveries will occur in 2023. Kraken’s SeaPower® 6000-meter rated pressure tolerant batteries are based on Kraken’s unique pressure […]
Kraken Completes Submarine Power Cable Survey with KATFISH Towed Sonar
ST. JOHN’S, NEWFOUNDLAND, November 19, 2022 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), announces completion of the offshore portion of a Robotics as a Service (RaaS) contract for the marine inspection of critical underwater infrastructure, including a submarine power cable. The contract value is $0.5 million. Kraken completed the offshore survey in […]
Kraken Subsidiary, PanGeo Subsea, Concludes Over $5 Million of Sub-Bottom Imager Projects
Using PanGeo’s proprietary bottom-penetrating Synthetic Aperture Sonar, the Sub-Bottom Imager™ (SBI) has completed over 1,500km of cable depth of burial survey in 2022, adding to the already more than 10,000 km of Sub-Bottom Imager survey since its launch in 2012 St. John’s, NL, Canada, November 8, 2022/GLOBENEWSWIRE/ – Kraken Robotics Inc (TSX-V: PNG, OTCQB: KRKNF) […]
Kraken Signs $8 Million Contract with Global Energy Company
ST. JOHN’S, NEWFOUNDLAND, November 4, 2022 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, announces that it has signed a R&D contract with a global energy company which will provide $8 million of cash funding to Kraken’s Brazilian subsidiary over a 3-year period. Under this project, Kraken will continue development […]
Kraken Receives $1.1 Million Synthetic Aperture Sonar Order for NATO Navy Customers
ST. JOHN’S, NEWFOUNDLAND, October 31, 2022 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), announces a $1.1 million purchase order from an unnamed customer for several of our AquaPix® synthetic aperture sonars (SAS). These systems will be integrated to Autonomous Underwater Vehicles (AUVs) for delivery to two distinct NATO navies. Delivery is expected […]
PanGeo Subsea, a Kraken subsidiary, Celebrates Record Year of Contracts valued over $8 Million for the Acoustic Corer
