OIL - Nauticus Robotics Invoices Phase I: Concept Validation Under Contract for Aquanaut Mark 2 | Benzinga
HOUSTON, July 18, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in subsea robotics and software, announces the successful completion and invoicing of Phase I in its transformative four-phase contract with Brazil's largest offshore oil & gas operator. This milestone concludes part of the contract that was awarded in 2023.
Nauticus' Autonomous Solutions team has achieved a crucial victory by finalizing the engineering and proof-of-concept documentation for the Aquanaut Mark 2 vehicle. This documentation details the advancements and capabilities of Aquanaut Mark 2, ensuring it meets the stringent requirements of 10 core functionalities essential for offshore deepwater field inspection and light maintenance tasks. The reports include a technical analysis of each required capability, Factory Acceptance Test results for each vehicle component, and the status of ongoing testing in both controlled (pool) and uncontrolled (ocean) environments. All Phase I contractual requirements were successfully fulfilled during Q2FY24.
Nauticus Robotics' CEO, John Gibson, commented, "The successful completion of Phase I underscores our commitment to revolutionizing subsea operations. Our team's dedication and the innovative advancements of the Aquanaut Mark 2 showcase the potential for significant improvements in efficiency, safety and ...