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Kraken Robotics (TSXV:PNG) completes submarine power cable survey with KATFISH towed sonar

Technology
TSXV:PNG
18 November 2022 08:30 (EDT)

Kraken Robotics (PNG) has completed the offshore portion of a Robotics as a Service (RaaS) contract.

The contract included marine inspection of critical underwater infrastructure, including a submarine power cable. The contract is valued at $500,000.

Kraken completed the offshore survey in challenging sea state conditions by using the KATFISH high-speed towed synthetic aperture sonar (SAS) system coupled with Kraken’s Automated Launch and Recovery System (ALARS).

“Synthetic aperture sonar is rapidly being recognized as the next standard for commercial offshore activities such as seabed survey, pre-route surveys, and infrastructure monitoring, due to its high resolution and high-speed capability,” says Moya Cahill, Executive Vice President – Services, Kraken Robotics.

“We are expecting an accelerated adoption across the Oil & Gas and Offshore Renewable sectors as we introduce our military-proven COTS solutions into the commercial market. Following on from our notable European defense industry successes, we will be mobilizing SAS assets in Europe to meet this rising commercial market demand for 2023.”

KATFISH is a high-speed, actively stabilized Synthetic Aperture Sonar (SAS) towfish that operates at speeds up to 10 knots. 

Kraken Robotics Inc. is a marine technology company dedicated to the production and sale of software-centric sensors, subsea batteries, and underwater robotic systems.

Kraken Robotics Inc. (PNG) opened trading at $0.48 per share.


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