PriceSensitive

Kraken Robotics (TSXV:PNG) announces successful SeaScout trials

Technology
21 September 2020 14:46 (EDT)
Kraken Robotics - President and CEO, Karl Kenny

Source: Marine Technology News

Marine technology company, Kraken Robotics (PNG) has successfully completed trials of its SeaScout system off the coast of Nova Scotia.

Kraken conducted the sea trials of SeaScout over the course of three weeks, installing the system on its research and survey vessel, Ocean Seeker.

The Ocean Seeker is currently docked at the COVE facility in Dartmouth, Nova Scotia, where the company’s Unmanned Maritime Vehicles Facility is located.

The company’s SeaScout system consists of various technological solutions which belong to Kraken Robotics. These include the company’s Autonomous Launch and Recovery System (ALARS), Tentacle Winch, and KATFISH towed Synthetic Aperture Sonar underwater vehicle.

Kraken’s Tentacle Winch and ALARS have been designed and constructed with non-welded aluminium. This gives them valuable properties, including high strength, low weight, and low magnetic signature. This make these solutions well-suited for small host vehicles, like unmanned surface vehicles and mine counter measures vessels.

Having successfully passed the sea trials, the SeaScout system can move forward on the path to deployment in company contracts.

Kraken Robotics has recently announced new contracts with the Royal Danish Navy and Polish Navy, through which the company will provide its technological solutions. The complete SeaScout system will be delivered to both the Danish and Polish Navies in the years to come, as part of the contracts.

Specifically, the system will be installed on the Navies’ respective mine-hunting vessels. This will make good use of the system’s structural inclination towards vehicles designed for mine counter measures.

Kraken Robotics (PNG) is down 2.86 per cent and is trading at C$0.68 per share, as of 11:29am EDT.

Related News