Kraken inks $2.7m in Sonar, Subsea Battery Contracts

Thursday, August 31, 2023

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) received contracts totalling $2.7m for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken's list of users. One customer is 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.

Categories: People & Company News Contracts Subsea Industry News

Related Stories

Tekmar Secures $2.6M Offshore Wind Contracts in Japan

Cleanova Boosts Seawater Injection Capacity on Gulf of Mexico Platform

Russia’s Lavrov Says US Seeking Control of Nord Stream Gas Pipelines

Current News

Shell Balances Gas Weakness with Oil Trading Gains

Nam Cheong Locks In Two OSV Charters amid Tight Southeast Asia Supply

SCA Secures First 50Hertz Contract for Cable Carousel Systems

Perenco Expands Southern North Sea Portfolio

Subscribe for OE Digital E‑News