- Kraken (PNG) subsidiary PanGeo has secured over C$3M in contracts for its Sub-Bottom Imager
- The contracts will see PanGeo assist on several cable depth of burial (DOB) campaigns in Europe throughout 2022
- The subsidiary is also engaged in cable DOB projects in the U.K. and Taiwan
- Kraken Robotics is a marine technology company
- Kraken (PNG) is up by 2.53 per cent trading at $0.405 per share
Kraken (PNG) subsidiary PanGeo has secured over C$3M in contracts for its Sub-Bottom Imager.
PanGeo Subsea is a marine service delivery company specializing in high-resolution 3D acoustic imaging. Its Sub-Bottom Imager uses advanced acoustic technology to image beneath the seabed.
The contracts will see the subsidiary assist on several cable DOB campaigns in Europe throughout 2022. The Imager will serve as a cable detection survey sensor up to 5 m in depth.
Beginning in May, PanGeo will also perform cable DOB work on one of the world’s largest wind farms (1.3GW) under construction in the U.K., approximately 89 km off the Yorkshire coast.
In addition, upcoming cable DOB campaigns will soon be underway in Taiwan, the North Sea and the Baltic Sea.
“We are excited as we continue to support the key players in the renewable energy sector, growing with them in Europe and as they expand in the USA and Taiwan,” said Moya Cahill, PanGeo’s CEO. “Delivering survey solutions to the largest wind farm in the world sets a precedence for our technology and enables our team to leverage our services globally.”
Headquartered in Newfoundland, Kraken Robotics is a marine technology company offering software-centric sensors, subsea batteries and thrusters, and underwater robotic systems.
Kraken (PNG) is up by 2.53 per cent trading at $0.405 per share as of 10:14 am EST.