Press Releases

2025

Kraken Robotics and TKMS ATLAS UK Demonstrate KATFISH USV Launch and Recovery System on an in-service UK Royal Navy ARCIMS USV

Kraken Robotics Appoints Kim Butler to Board of Directors and Hires Bernard Mills as Executive Vice President, Defence

Kraken Robotics Announces $12 Million in Orders for Synthetic Aperture Sonar and Subsea Batteries

Kraken Robotics Reports Record Q3 2025 Financial Results

Kraken Robotics Appoints BlueZone Group as Sales Representative for Australia and New Zealand

Record Number of Participants Deployed Kraken Robotics’ Synthetic Aperture Sonar at REPMUS 2025

3D at Depth is now Kraken Robotics

Kraken Robotics Announces $13 Million in Synthetic Aperture Sonar and Battery Sales

Kraken Robotics Reports Q2 2025 Financial Results and Reiterates Annual Financial Guidance

Kraken Robotics Schedules Q2 2025 Financial Results Release and Webcast

Kraken Robotics Inc. Announces Filing of Base Shelf Prospectus

Kraken Robotics Completes $115 Million Bought Deal Public Offering

Kraken Robotics Inc. Files Final Short Form Prospectus in Connection with its Bought Deal Public Offering

Kraken Robotics Inc. Announces $100 Million Bought Deal Public Offering of Common Shares

Kraken Robotics Appoints Defense Industry Veteran and Former RTX and Boeing Executive Kristin Robertson to Board of Directors

Kraken Robotics Reports Q1 2025 Financial Results and Reiterates 2025 Guidance

Kraken Robotics Announces More than $3 Million in Synthetic Aperture Sonar Sales

Kraken Robotics Subsidiary 3D At Depth Completes 1,000th Subsea Metrology

Kraken Robotics Reports 2024 Financial Results

Kraken Robotics Schedules 2024 Financial Results Release and Webcast

Kraken Robotics Receives $11 Million of SeaPower Battery Orders

Kraken Robotics Announces Synthetic Aperture Sonar Service for the Offshore Energy Market

Kraken Robotics Completes Acquisition of 3D at Depth

Kraken Robotics Expands U.S. Footprint with Acquisition of 3D at Depth

Kraken Robotics Receives $34 Million of SeaPower Battery Orders

Kraken Robotics Announces the Passing of Founder and Former CEO, Karl Kenny

2024

Kraken Robotics Reports Q3 2024 Financial Results

Kraken Robotics Demonstrates New KATFISH Autonomous Launch and Recovery System to Navy Customers

Kraken Robotics Completes $51.75 Million Bought Deal Public Offering

Kraken Robotics Receives $13 Million of Subsea Battery Orders

Kraken Robotics Inc. Announces Upsize of Previously Announced Bought Deal Public Offering to $45 Million

Kraken Robotics Inc. Announces $25 Million Bought Deal Public Offering

Kraken Robotics Announces More than 50 Mine-Like Targets Found with MINSAS During Annual REPMUS Exercise

Kraken Robotics Receives $3 Million in Orders for Synthetic Aperture Sonar Systems

SeeByte and Kraken Robotics Sign MOU

Kraken Robotics Reports Strong Q2 2024 Financial Results

Kraken Robotics Completes High Resolution Route Survey Contract in Australia

Kraken Robotics Appoints Chief Operating Officer and Hires Marketing Director

Kraken Robotics Reports Results of Annual and Special Meeting of Shareholders

Kraken Robotics Receives $2.2 Million Order for Subsea Batteries

Kraken Robotics Supports Energy Transition in Taiwan

Kraken Robotics Reports Record Q1 2024 Financial Results

Kraken Robotics Completes $20 Million Bought Deal Equity Financing

Kraken Robotics Inc. Files Final Short Form Prospectus in Connection with its Bought Deal Public Offering

Kraken Robotics Receives $3.7 Million of Orders for Subsea Security Equipment

Kraken Robotics Receives $8 Million Contract for Sub-Seabed Imaging Services

Kraken Robotics Inc. Announces $17.5 Million Bought Deal Public Offering

Kraken Robotics Appoints Peter Hunter as Chairman of Board of Directors

Kraken Robotics Enters into New Credit Agreement to Support Continued Growth

Kraken Robotics Reports Record 2023 Financial Results and Sees Strong Momentum Continuing

Kraken Robotics Receives $6 Million Order for Subsea Batteries

Kraken Robotics Announces $2.4 Million of Sonar and Subsea Power Contracts

Kraken Robotics Signs Cooperative Research & Development Agreement with US Navy for next Generation Synthetic Aperture Sonar (SAS) Beamforming

Kraken Robotics Minehunting Systems Operational with the Royal Danish Navy

Kraken Robotics Updates 2023 Financial Guidance and Provides Strong 2024 Outlook

2023

Kraken Receives Synthetic Aperture Sonar Order from NATO CMRE

Kraken Maintains Strong Q4 Service Utilization with Record Number of Survey Awards

Kraken Awarded Seabed Survey Contract in Australia

Kraken Awarded $3 Million Seabed Survey Contract

Kraken Robotics Awarded $1 Million Contract to Survey Buried Subsea Pipeline

Kraken Robotics Reports Record Financial Results

Kraken Announces Changes to Board of Directors

Kraken Delivers Mine Hunting Solution to Australian Navy

Kraken Receives Synthetic Aperture Sonar Order from HII

Kraken Robotics Announces $3 Million Boulder Detection Survey Contract for Offshore Wind Farm Project in Europe

Kraken Robotics Supports Multiple Countries at NATO Exercise

Kraken Robotics Announces Management Update

Kraken Announces $2.7 Million of Sonar & Subsea Battery Contracts

Kraken Robotics Reports Strong Q2 2023 Financial Results

Kraken Robotics Reports Results of Annual and Special Meeting of Shareholders

Kraken Robotics Announces $9.5 Million Contract with the Navy of a Large Asia Pacific Country

Kraken Robotics Reports Q1 2023 Financial Results with 38% Year-over-Year Revenue Growth

Kraken Receives $1.1 Million of Synthetic Aperture Sonar Orders

Kraken Robotics to Present at Houlihan Lokey’s Global Industrials Conference in New York City

Kraken Robotics Receives $16 Million Order for SeaPower Batteries

Kraken Forecasts Continued Strong Growth After Record 2022 Financial Results

Kraken Robotics Receives $3 Million Order for SeaPower Subsea Power Systems

Kraken Receives $4 Million Order from NATO Navy

Demand for Kraken’s Synthetic Aperture Sonar Grows as Kraken Receives Additional $1.5 Million of Orders from US Defense Customer

Kraken Receives $1.3 Million Order for Synthetic Aperture Sonar for NATO Navy

Kraken Robotics Supporting N-Sea with Major Cable Depth of Burial Survey in the North Sea

Kraken Robotics Ranked #1 Technology Company on 2023 TSX Venture Top 50 List

Kraken Provides Update on Subsea Laser Scanner Service Activities

Kraken Expects to Report $40 Million in 2022 Revenue, up 56% Year-Over-Year

Kraken Announces Appointment of David Shea as Chief Technology Officer

PanGeo Subsea now Kraken Robotics

2022

Kraken Announces Management Transition

Kraken to Provide SAS to HII’s New Medium Class UUV

Kraken Provides Update on PanGeo Earnout

Kraken Awarded $50+ Million Navy Contract for Royal Canadian Navy Minehunting Program

Maritime Defense Industry Leader Joins Kraken Board of Directors

Kraken Reports Strong Q3 2022 Financial Results

Kraken Receives $14 Million Order for Subsea Power Systems

Kraken Completes Submarine Power Cable Survey with KATFISH Towed Sonar

Kraken Subsidiary, PanGeo Subsea, Concludes Over $5 Million of Sub-Bottom Imager Projects

Kraken Signs $8 Million Contract with Global Energy Company

Kraken Receives $1.1 Million Synthetic Aperture Sonar Order for NATO Navy Customers

PanGeo Subsea, a Kraken subsidiary, Celebrates Record Year of Contracts valued over $8 Million for the Acoustic Corer

Kraken Receives $0.6 Million Synthetic Aperture Sonar Order for Activities in Canada’s North

Kraken Receives $1.1 Million Follow-On Battery Order from AUV Manufacturer

PanGeo SubSea, a Kraken subsidiary, Completes Acoustic Corer™ Survey for ONE-Dyas off the Dutch Coast

Kraken’s KATFISH Towed Sonar Providing Strong Seabed Intelligence Value Proposition

Kraken Receives $1.1 Million of Contracts for AquaPix® Synthetic Aperture Sonar Systems

Kraken Demonstrates KATFISH High Speed Towed SAS in Royal Navy WISEX Demonstration

Kraken Qualified to Sell Directly to Government of Canada under Pathway to Commercialization Program

PanGeo Subsea Completes Cable Depth of Burial Campaign to Support Estonian / Finnish Electricity Transmission

Kraken Receives $9.0 Million Contract for Additional Upgrades to NATO Navy’s Mine Hunting Capabilities

Kraken Reports Strong Q2 2022 Financial Results

Kraken Awarded $2 Million from US Defense Customer for Synthetic Aperture Sonar Systems

Kraken Delivers Significant Technical Upgrade for Royal Danish Navy’s Mine Countermeasures (MCM) Efforts

Kraken Awarded $1.6 Million for AquaPix® Synthetic Aperture Sonar Systems

Kraken Reports Q1 2022 Financial Results

Kraken to Present at Houlihan Lokey’s Global Industrials Conference in New York City

Kraken subsidiary PanGeo awarded Sub Bottom Imager™ Contracts Valued at $3 Million+

Kraken Reports Record 2021 Financial Results

Kraken Successfully Completes Robotics as a Service (RaaS) Contract from Government of Canada

PanGeo Subsea, a Kraken Robotics Company, Awarded $5 Million Decommissioning Campaign from Couvillion Group

Kraken to Equip New AUV Customer with AquaPix® Sonar

Kraken Awarded $4.8 Million Subsea Battery Contract from Defense Industry Customer

2021

Kraken Reports Q3 2021 Results and Re-Iterates Annual Guidance

Kraken Awarded $7.1 Million of Contracts for Offshore Subsea Inspections

Kraken Awarded Robotics as a Service (RaaS) Contract from Government of Canada

Kraken Provides Corporate Update on RaaS Activities

Kraken Receives $0.8 Million Sensor Order from New Fortune 500 Customer

Kraken Reports Q2 2021 Results

Ocean SuperCluster to Provide $2 Million for GeoScan Wide Area Acoustic Corer

Kraken Completes Acquisition of PanGeo

Kraken Announces Closing of $10 Million Bought Deal Financing

Kraken Signs Definitive Agreement to Acquire PanGeo and Announces Public Offering of Units

Kraken Awarded $0.6 Million Robotics as a Service (RaaS) Contract for Subsea Cable Survey

Kraken Signs Contract with Major Energy Company for Underwater Asset Inspection and Provides SeaVision® Update

Kraken Announces $0.4 Million Follow on Order from European Defense Company

Kraken To Present at Houlihan Lokey’s Global Industrials Conference

Kraken Announces $0.7 Million Contract Extension from Canadian Department of Defense

Kraken Announces CRADA on Pressure Tolerant Batteries with US Navy

Kraken and SH Defense Sign Cooperation Agreement for Containerized MCM Solutions

Kraken Receives Order to Equip 2nd Teledyne Gavia SeaRaptor AUV with AquaPix® SAS Sonar

Kraken to Join LifeMoor Mooring Chain Inspection Project

Kraken Reports Q1 2021 Results

Kraken Receives Order for AquaPix® Sonar from AUV Manufacturer

Kraken Provides 2021 Guidance of 100%+ Revenue Growth and Preliminary Q1 Financial Results

Kraken to Equip New AUV Customer with AquaPix® Sonar and SeaPower® Batteries

Kraken Receives Order for Pressure Tolerant Batteries from Dive Technologies

Kraken Reports 2020 Financial Results

Kraken Closes Acquisition of Brazilian Underwater Robotics Company

Dive Technologies Completes Successful Sea Trials with Kraken’s Sonar & Pressure Tolerant Batteries

Kraken Enters into Letter of Intent to Acquire Subsea Services Company

Kraken Obtains Receipt for Final Base Shelf Prospectus

Kraken Announces Filing of Preliminary Base Shelf Prospectus

Kraken Announces $2.2 Million of Subsea Batteries and Sonar Contracts & Project Funding

Kraken Achieves ISO 9001:2015 Certification for Quality Management System

Kraken Announces $3.5 Million of Contract & Funding Awards

2020

Kraken Reports Q3 2020 Results

Kraken Completes Successful Fall OceanVision™ Campaign

Dive Technologies Completes Successful Sea Trials with Kraken’s Pressure Tolerant Batteries

Kraken Robotics Announces Closing of Bought Deal Financing and Partial Exercise of Over-Allotment Option

Government of Canada Expresses Support for Kraken’s Defence Export Sales

Kraken to Supply Minehunting Systems to Polish Navy

Kraken Signs $36 Million Danish Navy Contract

Kraken Announces Funding for ThunderFish® XL Development

Kraken Reports Q2 2020

Offshore Energy Industry Executive Joins Kraken as Strategic Advisor

Kraken Announces Addition of Cathy Bennett to Board of Directors

Kraken Announces $1 Million of Defense Contracts

Kraken Announces Emera Joins OceanVision™ Project

Kraken Provides Positive Update on $40 Million Royal Danish Navy Mine Hunting Upgrade Program

Kraken Reports Strong Q1 2020 Results

Kraken Reports Strong Growth in 2019 Results

Kraken Announces Partnership Agreement with Greensea Systems

Kraken Announces Ultra High Definition Upgrade for AquaPix® Imaging Sonars

Kraken Announces $2.8 Million of Contracts and Provides Corporate Update

Kraken Chosen for 2020 TSX Venture Top 50 List

Kraken Signs 8 Year Framework Agreement with International Defense Contractor

Kraken Finalizes OceanVision Contract with Ocean Supercluster and Industry Partners

Kraken Awarded $0.5 Million SeaVision® Contract from Government of Canada

2019

Kraken Acquires Remaining 25% of Kraken Power

Kraken To Supply Thrusters To Leader in Robotic Net Cleaners for the Aquaculture Industry

Kraken Reports Q3 2019 Results

Kraken Announces Major Subsea Battery Milestone With Ocean Infinity

Kraken Announces Preliminary Record Q3 Revenue of $7.6 – $7.8 Million

Kraken Receives $750,000 of Innovation Funding

Kraken Notified of Successful Bid on International Mine Hunting Upgrade Program

Kraken to Establish Robotics-as-a-Service Joint Venture

Kraken Awarded $2.9 Million KATFISH Contract from ThayerMahan Inc.

Kraken Launches OceanVision™ Project

Kraken Awarded $2 Million Deep Sea Battery Contract

Kraken Reports Q2 2019 Results and Reiterates $15M Revenue Guidance and Profitability for Fiscal 2019

Kraken’s ThunderFish® Delivered to Defense Research and Development Canada

Kraken Awarded $0.5M Contract for SeaVision® Sensors

Kraken Awarded $1.8M in Project Funding to Develop Mooring Chain Laser Inspection Sensor

Kraken Conducting Joint Technology Demonstrations with NOAA & ThayerMahan

Kraken Announces Executive Appointment and Management Promotions

Canada’s Ocean Supercluster Commits Funding to Kraken’s $20M OceanVisionTM Project

Kraken Awarded $0.9 Million U.S. Navy Contract

Kraken Receives $2.1 Million KATFISH Contract from ThayerMahan Inc.

Kraken Establishes Unmanned Maritime Vehicles Facility at COVE in Dartmouth, Nova Scotia

Kraken Reports Q1 2019 Results and Reiterates Fiscal 2019 Outlook

Kraken Reports Strong Growth in 2018 and Provides Outlook For 2019

Kraken Awarded $0.6 Million Contract for Subsea Battery Solution for Military Customer

Kraken Awarded $1 Million Funding Contribution to Support Initial Phase of OceanVision™ Project

Kraken Awarded $1 Million Contract for ThunderFish® Robot from Government of Canada

Kraken Customer ECA Part of Winning Consortium for Belgium & Dutch Navy Mine Hunting Program

Kraken Announces AquaPix® MINSAS-240 Sensor

Kraken Receives $2.3 Million from Exercise of Warrants by Ocean Infinity

Kraken Robotics Ranked #1 Technology Company on 2019 TSX Venture Top 50 List

Kraken Receives $1.7 Million of Purchase Orders from Ocean Infinity

Kraken Presenting at Cantech Investment Conference in Toronto

Kraken CEO Presenting at Germany’s Leading Maritime Robotics and Sensor Conference

Kraken Awarded $0.5 Million Contract under Canada’s Defence Innovation Research Program (DIRP)

Kraken Completes Majority Acquisition of Kraken Power GmbH

2018

Kraken Announces Closing of $6,000,000 Bought Deal Financing

Kraken Completes Successful Sea Tests of KATFISH with Elbit Systems

Kraken Reports Q3 2018 Results and Provides Outlook

Kraken Announces Acceleration of Ocean Infinity Battery Order and $5 Million Advance Payments

Kraken Announces $0.5 Million Contract from Canadian Department of Defense

Kraken and Leeway Announce Co-operation Agreement

Kraken and ThayerMahan Successfully Showcase SeaScout® during U.S. Navy Exercise

Kraken Awarded $1M Contract from International Defense Contractor

Kraken Reports Record Revenue for Q2 2018

Kraken Announces CRADA with US National Oceanic & Atmospheric Administration

Kraken Receives $1 Million from Exercise of Warrants

Kraken Awarded $450,000 AQUAPIX® Sonar Contract

Kraken Commences Testing of KATFISH with U.S. Navy

Kraken Announces $9 Million Deep-Sea Battery Contract from Ocean Infinity

Kraken Grants Options to Kraken Germany Employees

Kraken Establishes Acoustic Signal Processing Group

Kraken Finalizes MOU with Ocean Infinity

Kraken Re-Affirms 2018 Revenue Target of Over $7 Million

Kraken Obtains DTC Eligibility of Common Shares

Kraken Closes $2.3 Million Equity Financing With Ocean Infinity

Kraken Announces $2.3 Million Private Placement with Ocean Infinity

Kraken Awarded $900,000 Contracts for Evaluation of SeaVision® Sensors and Artificial Intelligence Software

Kraken Announces Pre-qualification of SeaVision® by Canada’s BCIP Program

Kraken Reports Q1 2018 Results

Kraken Achieves Military Standard Certification

Kraken Announces AquaPix® Multispectral SAS

Kraken Reports 56% Annual Revenue Growth In 2017

Kraken Aligned With Canada’s Key Industrial Capabilities

Kraken Appoints Dr. Jeremy Dillon As Chief Scientist

Kraken Joins NVIDIA Inception Program

Kraken Announces Pre-qualification of ThunderFish® for Canada’s BCIP Program

Kraken Concludes Successful Sea Trials of SeaVision®

Kraken To Showcase Underwater Sensor & Robotic Solutions at Oceanology International

Kraken Completes Equity Financing

Kraken Announces Strategic Alliance with ThayerMahan

Kraken Congratulates Ocean Supercluster

Kraken Provides Update on Capital Structure

Kraken Awarded $400,000 AquaPix® Sonar Contract

Kraken Wins International Offshore Wind Energy Competition

Kraken to Present at Cantech Investment Conference in Toronto

Kraken Real Time Sonar Deployed On US Navy AUV

2017

Kraken Issues Options to Employees

Kraken Reports Positive Net Income in Q3

Kraken Awarded $750,000 Oil & Gas Contract

Avitas Systems, a GE Venture, Partners with Kraken to Advance Subsea Robotic Inspection

Kraken Appoints New Board Member

Kraken’s Cash Balance Increases in Q3

Kraken Awarded $2 Million Robotics Contract

Corporate Name Change to Kraken Robotics

Kraken Robotik Wins Technology Award

Kraken Enables Historic Avro Arrow Discovery

Seeing Beyond the Near Deep – Tech Firm Revolutionizes Underwater Exploration

Ocean Infinity Awards Kraken $3M Contract

Kraken Reports Q2 2017 Financial Results

Atlas Elektronik Awards Kraken $425,000 Contract

Kraken Named To Marine Technology Top 100

Kraken Provides Corporate Update and Announces New Team Members

Kraken Set to Commence Hunt for Avro Arrow Artifacts

Kraken Takes Delivery of THUNDERFISH® Alpha Autonomous Underwater Vehicle

Kraken and ATLAS ELEKTRONIK Sign Teaming Agreement

Kraken Awarded $400,000 AQUAPIX® Sonar Contract

Kraken Announces Executive Appointment

Kraken Makes Strategic Investment in Kraken Power GmbH

Kraken Receives $745,000 for Underwater Robotics

Kraken Closes $2.1M Oversubscribed Private Placement

Kraken Announces Upsizing of Previously Announced Private Placement

Kraken Robotik Awarded Contract for Deep Sea3D Laser Imaging System

Kraken to Supply AquaPix® MINSAS for Riptide’s Compact Unmanned Underwater Vehicles

Kraken Announces SeaVision™ 3D Laser System

Kraken Announces CDN$2,000,000 Private Placement

Kraken Receives Financial Contribution from The Government of Canada

Kraken and Fraunhofer Sign Technology Licensing Agreement for Underwater Robotics

Kraken’s KATFISH Completes Successful Phase One Sea Trials

2016

Kraken CEO to Speak at Maritime Robotics and Sensor Conference

Kraken Establishes German Subsidiary

Kraken Reports Profitable Q3 2016

Kraken Hires Director of Business Development

Technology and IP Industry Vetern Joining Kraken’s Board of Directors

Kraken Receives Financial Contribution from The Government of Canada

Kraken Adds Leading Atlantic Canadian Executive to Board of Directors

Kraken Reports Q2 2016 Financial Results

Kraken Announces Closing of Non-Brokered Private Placement

Kraken Named To Marine Technology Top 100

Kraken Announces Private Placement and Provides Business Update

Kraken Sonar And Square Robot Sign Strategic Partnership Agreement

IORE Welcomes Global Ocean Tech Firms as they Setup in Nova Scotia

Kraken to Receive C$400,000 from Major European Defense Contractor

Kraken Awarded Contract by Woods Hole Oceanographic Institution

Kraken to Supply Sonar System to Major Israeli Defence Contractor

Kraken Receives Financial Contribution From the Government of Canada

Kraken Donation Benefits Marine Institute’s Ocean Technology Students

2015

Kraken Releases SOUNDPIX® Solution For Next Generation Seabed Mapping

Kraken Acquires Marine Robotics Technology

Kraken Receives $750,000 to Fund R&D

Kraken Awarded $1.5 Million Order From Major Defence Contractor

Kraken Named to Marine Technology Top 100

Kraken Awarded US$325,000 Sonar Contract by ECA Robotics (ECA Group)

Kraken and Tritech Launch Correlation Velocity Log

Kraken Announces KATFISH Sonar System

Kraken Announces Executive Appointments

Kraken Engages Sophic Capital for Capital Markets Services

Kraken Reports Q1 2015 Financial Results

Kraken Appoints Greg Reid As Chief Financial Officer And Grant Options

Kraken Sonar Delivers Deep-Sea Sonar System to Fraunhofer Institute

Kraken Sonar grants options to buy 2.16 million shares

Kraken Adds FirstService Corporation Executive Roman Kocur to Board of Directors

Kraken Sonar Receives Financial Contribution From the Government of Canada

Kraken Sonar Inc. Starts Trading Today: (TSX VENTURE: PNG)

Kraken Sonar Inc. Announces Closing of Qualifying Transaction and Resumption of Trading

2014

Kraken Sonar Named to MTR 100

Kraken Sonar to Work on Franklin Expedition

Kraken Delivers Real Time Sonar Signal Processor to Australia’s Defence Science and Technology Organisation

Kraken Successfully Delivers AquaPix® Synthetic Aperture Sonar System to Defence Research and Development Canada

3D Imaging

2013

World’s First Synthetic Aperture Sonar Priced Under $150,000

Kraken Sonar Named to MTR 100

AquaPix – A Low-Cost Interferometric Synthetic Aperture Sonar for AUVs:Sea Trials and Results

Seeing With Sound: Why Sonar Resolution Matters For Seabed Mapping

Kraken Announces DataPod™

Kraken Delivers Synthetic Aperture Sonar to DSTO Australia

Kraken Completes Successful Sonar Trials with U.S. Navy’s Naval Undersea Warfare Center

Triton Imaging and Kraken Announce OEM Agreement

Kraken Secures Government of Canada Funding to Support Development of Acoustic Velocity Sensor

Kraken Awarded AquaPix® Sonar Contract by Australia’s Defence Science and Technology Organisation

Kraken Acquires Synthetic Aperture Sonar Intellectual Property from Marport