Wednesday, August 1, 2018

Kraken Robotics Inc. - PNG.v

Kraken Robotics Inc. - PNG.v is a marine technology company engaged in the design, development and marketing of advanced sonar and acoustic velocity sensors for Unmanned Underwater Vehicles used in military and commercial applications. The company are innovators using Synthetic Aperture Sonar (SAS) - an underwater imaging technology that improves seabed surveys by providing ultra-high resolution imagery at superior coverage rates.
On August 1, 2018 the company released News

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF), is pleased to announce that Ocean Infinity has agreed to purchase $9 million of Kraken’s deep-sea batteries with delivery dates expected between Q4 2018 and Q4 2019. Kraken will arrange for these batteries to be built by Kraken Power GmbH (“Kraken Power”), an entity in which Kraken currently holds a 19.9% interest. The first purchase order has been issued for $2.5 million and the subsequent purchase order of $6.5 million is expected in early Q1 2019.
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On July 5, 2018 the company released News

Kraken Robotics Inc. is pleased to announce that it has now finalized its MOU on a strategic alliance with Ocean Infinity. In addition, Kraken and Ocean Infinity will host workshops in Halifax and St. John’s in July for members of the Ocean Supercluster to provide an overview of its state of the art seabed mapping technology that will be available in Atlantic Canada for 6 weeks starting in September 2018.