2023-08-31 10:44:52 ET
This firm’s mission is to transform the future of %SubseaIntelligence through the creation of intelligence solutions. And they just announced several new contracts totaling $2.7 million.
%KrakenRobotics (TSX-V: ) (OTCQB: ) announced in a press release today contracts for subsea batteries and synthetic aperture sonar systems (SAS). These SAS sensor contracts represent two new customers, including a European Research Institute operating next-generation AUVs, and the other is a NATO member country in underwater defense applications. Deliveries will occur in 2024.
The firm’s high-resolution 3D acoustic imaging solutions and services enable clients to overcome undersea challenges safely, efficiently, and sustainably. Canadian-listed shares were trading at $0.435 in morning trade.