- Kraken Robotics (PNG) has signed a Robotics as a Service (RaaS) contract with the Royal Canadian Navy
- The $0.5 million contract is for the testing of Kraken’s ultra-high resolution survey equipment
- This contract will be completed by March 31, 2022
- Kraken Robotics is a marine technology company
- Kraken Robotics Inc. (PNG) opened trading at C$0.39 per share
Kraken Robotics (PNG) has signed a Robotics as a Service (RaaS) contract with the Canadian government.
The contract with the Royal Canadian Navy (RCN) is for the testing of Kraken’s ultra-high-resolution survey equipment. The $0.5 million contract is funded under the Canadian government’s Innovative Solutions Canada program.
The RCN has a mandate to develop and maintain an advanced sonar imaging and data storage capability for all three coasts, and to deploy this capability to national and international areas of interest. Under the contract, Kraken will deploy its KATFISH™ towed SAS sonar system and will integrate a Kraken Light Weight SAS (LW-SAS) onboard a Hydroid REMUS 100 Autonomous Underwater Vehicle (AUV) owned by FDU-A.
This contract will be completed by March 31, 2022.
Kraken believes its RaaS offering could provide significant benefits to other navies around the world. With Kraken RaaS, navies can access cutting-edge technology “as needed”, without concern for equipment obsolescence, life cycle costs, or operator skill fade.
As it relates specifically to the RCN, Kraken RaaS offers many advantages:
- The RCN is mandated to maintain safe passage lanes along the coasts and harbors. These surveys take a significant amount of time with current technology. Kraken’s technology would reduce the time needed to complete the surveys.
- Kraken’s technology can be deployed to assist the RCN in mapping areas of interest ahead of regular exercises and operations.
Commenting on this contract, Karl Kenny, Kraken President and CEO noted,
“Kraken is excited to be able to offer RaaS to the RCN as an “Early Adopter” to augment existing RCN Route Survey with a Service offering based on the latest SAS technology available. Kraken seeks to offer our Robotics as a Service globally, in particular to other NATO allies, and this contract for the RCN’s evaluation will serve as an excellent reference. The RCN’s objective comparison of the data from our RaaS offering against legacy sonar data will provide demonstrative evidence of the superior image resolution and accuracy of Kraken survey data.”
Kraken Robotics is a marine technology company focused on software-centric sensors, subsea batteries and thrusters, and underwater robotic systems.
Kraken Robotics Inc. (PNG) opened trading at C$0.39 per share.