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Kraken Robotics (TSXV:PNG) awarded international Robotics as a Service (RaaS) contract

Market News, Technology
TSXV:PNG
21 December 2022 08:30 (EDT)

Kraken Robotics (PNG) has received an international RaaS contract for the high-resolution inspection of critical sea routes and marine infrastructure.

The initial contract is valued at $0.8 million. It will be undertaken in Q1/2023 using the KATFISH high-speed towed synthetic aperture sonar (SAS) system coupled with Kraken’s Automated Launch and Recovery System (ALARS).

For confidentiality reasons, the location of the contract cannot be disclosed.

KATFISH is a high-speed, actively stabilized Synthetic Aperture Sonar (SAS) towfish that operates at speeds up to 10 knots. The high-speed capability and constant resolution of KATFISH significantly increase Area Coverage Rates (ACR) by providing more useable data at longer ranges and higher fidelity than traditional Side Scan Sonars. KATFISH provides acoustic seabed imagery with a range-independent resolution of 3 cm x 3 cm and area coverage rates (ACR) of up to 4 km/hour, with swaths of up to 400 meters, including simultaneous full swath 3D bathymetry. With post-processing, 1.9 cm x 2.1 cm constant resolution imagery is available.

Figure 1: KATFISH Autonomous Recovery
Figure 2: Oil & Gas Imagery from KATFISH – Flowlines & Riser Bases

Kraken Robotics is a marine technology company focused on the production of software-centric sensors, subsea batteries, and underwater robotic systems.

Kraken Robotics Inc. (PNG) opened trading at C$0.57.


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