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Kraken Robotics (TSXV:PNG) delivers sonar equipment to the Royal Danish Navy

Technology
TSXV:PNG
11 July 2022 08:30 (EDT)
Kraken Robotics - President and CEO, Karl Kenny

Source: Kraken Robotic Systems Inc.

Kraken Robotics (PNG) has delivered mine-hunting sonar equipment to the Royal Danish Navy.

Kraken’s mine hunting systems are being integrated onboard the Royal Danish Navy’s optionally unmanned surface vessels.

Kraken’s system acceptance tests with DALO and MCM Denmark are ongoing and will be completed in the second half of this year. MCM Denmark’s upgraded capabilities are expected to be deployed operationally in early 2023.

Karl Kenny, Kraken President and CEO noted commented on the news.

“We are very pleased to achieve this significant milestone with delivering our KATFISH and ALARS systems to the Royal Danish Navy. Despite the many challenges of the past two years, and the impacts on global supply chains that all companies have felt in our industry, Kraken is successfully delivering a significant technical upgrade to the mine hunting capabilities of MCM Denmark. Our team has been working closely with our customers at DALO and MCM Denmark throughout the Acquisition Contract, and as we complete acceptance testing this year, we are looking forward to a long-term relationship with the Danish Navy.”

Headquartered in Newfoundland, Kraken Robotics is a marine technology company offering software-centric sensors, subsea batteries and thrusters, and underwater robotic systems.

Kraken Robotics Inc. (PNG) opened trading at C$0.285.

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