Source: Kraken Robotics Inc.
  • Kraken Robotics (PNG) has received a $4 million follow on order from a NATO Navy customer for KATFISH spares
  • KATFISH is a high speed, actively stabilized Synthetic Aperture Sonar (SAS) towfish that operates at speeds up to 10 knots
  • The demand for its SAS products has increased significantly and the company expects to deliver three times the volume this year as compared to previous years
  • Kraken Robotics Inc. (PNG) opened trading at C$0.55 per share

Kraken Robotics (PNG) has received a $4 million follow on order from a NATO Navy customer for KATFISH spares.

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 greatly increases area coverage rates by providing more useable data for mine countermeasure missions than traditional Side Scan Sonars. KATFISH provides real time high-resolution area coverage rates of up to 4 km2/hr with simultaneous 3D bathymetry.

The company believes that its increased range, resolution, and higher useable area coverage rate of SAS over traditional Side Scan Sonar systems significantly expand the capabilities of naval, scientific, and commercial applications.

According to company reports, the demand for its SAS products has increased significantly. For 2023, it expects to deliver three times the volume as compared to previous years.

Delivery is expected to occur during the next 12 months.

Kraken Robotics is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Its high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in oceans – safely, efficiently, and sustainably.

Kraken Robotics Inc. (PNG) opened trading at C$0.55 per share.

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