- Kraken Robotics signed an R&D agreement with U.S. Navy for next generation synthetic aperture sonar beamforming
- The company stated these agreements have allowed the team to test technology with subject matter experts from the U.S. Navy, providing feedback on performance and capabilities
- Kraken can then point to these results when bidding on opportunities domestically or internationally with other “Five Eyes” or NATO countries
- Kraken Robotics stock opened trading at C$1.01 per share
Kraken Robotics (TSXV:PNG) signed an R&D agreement with U.S. Navy for next generation synthetic aperture sonar (SAS) beamforming.
Beamforming focuses a wireless signal towards a specific receiving device, instead of letting it spread in all directions.
Based out of St. John’s, Newfoundland and Labrador, the robotics firm’s wholly owned subsidiary, Kraken Robotic Systems Inc., signed the agreement with the Naval Undersea Warfare Center Division, Newport. The objective of the agreement is to conduct joint research into advanced signal processing techniques for the current and future generation of SAS sensor technologies. This also includes exploration into enhanced image processing techniques such as data fusion, image registration, multi-spectral image enhancement and automated target recognition.
Kraken Robotics has engaged in several R&D agreements with U.S. government agencies since 2012, which have provided testing and evaluation for its portfolio of underwater technology solutions. The company stated these agreements have allowed the team to test technology with subject matter experts from the U.S. Navy, providing feedback on performance and capabilities. Kraken can then point to these results when bidding on opportunities domestically or internationally with other “Five Eyes” or NATO countries.
In a statement, the company’s president and CEO, Greg Reid said, “Since that first agreement in 2012, Kraken has gone on to deliver our technology solutions to NATO allies across the globe, and the results from each R&D agreement have been a valuable ground truth for our customers worldwide.”
Kraken’s CTO, David Shea added, “Entering into this new cooperative agreement with Naval Undersea Warfare Center will ensure our science and technology is being evaluated by the best and brightest inside the U.S. Navy, and this allows us to deepen our collaboration on the next generation of seabed intelligence solutions. With several of our sensors now in active use within the U.S. Navy, we are excited to deepen our focus into data enhanced processing techniques that will benefit both new and existing sensors, leveraging the latest developments in machine learning.”
Kraken Robotics is a marine technology company providing complex subsea sensors, batteries and robotic systems.
Kraken Robotics stock opened trading at C$1.01 per share and is up 79.31 per cent over the past year.
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