Kraken Robotics Announces $2.4 Million of Sonar and Subsea Power Contracts
ST. JOHN’S, Newfoundland and Labrador, March 19, 2024 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB:KRKNF) announces that it has received contracts totalling $2.4 million for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts are for a Research Institute and a Hydrographic Office of an unnamed Navy. No details can be provided on the subsea power customer due to confidentiality. Deliveries will occur in 2024.
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