Kraken Robotics Receives $3.5 Million of Orders for Subsea Security Equipment
ST. JOHN’S, Newfoundland and Labrador, May 08, 2024 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB:KRKNF) announces that it has received an order for spares and sustainment of its KATFISH™ Mine Counter Measures (“MCM”) solution totalling $2.2 million. In addition, the Company received an order for AquaPix® synthetic aperture sonars (SAS) totalling $1.3 million. These systems will be integrated to Autonomous Underwater Vehicles (AUVs) from two new navy customers for use in minehunting and subsea infrastructure security applications. Both customer details cannot be disclosed. Deliveries will occur in 2024.
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