Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG,
OTCQB: KRKNF) is pleased to announce an initial order of its
AquaPix® Miniature Synthetic Aperture Sonar (MINSAS) System for
HII’s new REMUS 620 Medium Class UUV. Synthetic Aperture Sonar is
quickly becoming the tool of choice for mine countermeasure (MCM)
operations due to its significantly increased resolution and
higher area coverage rates compared to legacy side scan sonar. This
order is valued at $1 million and will be fulfilled in 2024.
The end users of these new REMUS 620 systems
with Kraken MINSAS are teams led by NOAA working to identify areas
of deep water corals and other sensitive habitats for restoration
activities following the Deepwater Horizon Oil Spill.
Over the last year, Kraken has been working with NOAA’s National
Centers for Coastal Ocean Science (NCCOS) to integrate and deploy a
MINSAS 120 system on a legacy REMUS 600 and to conduct
high-resolution habitat mapping. Mapping these habitats directly
through the high-resolution Synthetic Aperture Sonar (SAS) data
greatly increases efficiency over traditional ROV surveys. Kraken
is looking forward to supporting NOAA with their cutting-edge
survey technology and methods.
This order follows Kraken’s recent onsite
support team throughout the NATO REPMUS exercise in Portugal, where
Kraken worked closely with three NATO navy teams (the US, UK, and
Netherlands) utilizing three generations of HII’s REMUS unmanned
underwater vehicles (UUVs). These three generations of HII UUVs
were retrofitted with Kraken’s Man-Portable Synthetic Aperture
Sonar (MP-SAS). The UUVs included MK18 Mod 1, REMUS 100 NGR, and
REMUS 300 underwater vehicles, showing the versatility of MP-SAS
and its capability to be used across multiple platforms.
Higher resolution imagery directly correlates to
the reduction of false positives by both human operators and
Automatic Target Recognition (ATR) software, which through advanced
capabilities provided by the collaboration of the REMUS 620
and MINSAS Synthetic Aperture Sonar reduces the number of
contacts required to be verified. The result is the potential for a
significantly reduced MCM timeline.
Kraken’s SAS products have been integrated into
HII Unmanned Systems range of small, medium, and large AUVs,
offering many opportunities to increase the Mine Hunting and MCM
Capabilities of many NATO nations.
Figure 1: HII REMUS 620 with Kraken
MINSAS 60 Payload
The unique system design of the MINSAS makes it
an ideal match for the REMUS 620's modular payload and battery
architecture as it can provide both 60 cm and 120 cm array
offerings based on the customer's requirements, making room for
additional sensor or battery payloads as needed. Kraken's MINSAS
provides out-of-the-box high-resolution, real-time onboard
beamforming which supports embedded ATR, enabling smart autonomy
features such as dynamic mission re-tasking based on contacts
identified.
About Kraken SASKraken’s
Miniature Synthetic Aperture Sonar (MINSAS) is an off the shelf,
configurable SAS that replaces high end side scan systems at an
affordable price, while delivering higher resolution, range, and
area coverage rates (ACR). The increased range, resolution, and
therefore higher useable ACR of SAS over traditional Side Scan
Sonar systems significantly expand the capabilities of naval,
scientific, and commercial applications. Kraken’s is capable of 2
cm x 2 cm Ultra High-Definition SAS imaging at long ranges. Kraken
SAS is uniquely positioned within the industry to bring this
capability to the increasingly popular man-portable (small-sized)
vehicle class.
Kraken’s SAS is modular and has been integrated
and deployed on over 20 different underwater vehicle platforms from
shallow (<10 m) water to full ocean depth (6000 m). A modular
and versatile sensor for seabed intelligence, Kraken’s SAS is
field-proven by being one of only two companies in the world that
has delivered and integrated SAS into man portable vehicles
(small-sized), towed systems, and deep-water vehicles. This ability
to cross several platforms enables military customers to streamline
their Post Mission Analysis by having the same sonar resolution and
ATR performance across their entire fleet of vehicles and mission
requirements.
In addition to navy customers who have
integrated Kraken SAS as a modular update to existing fielded
systems, several Unmanned Underwater Vehicle companies this year
have made public announcements of their UUVs showing SAS from
Kraken. These include America’s HII (REMUS 620 UUV), Israel’s Elta
Systems a division of Israeli Aerospace Industries (Blue Whale
UUV), and South Korea’s Hanwha (SAS AUV).
Figure 2: Image of a submerged boulder
field and mesophotic reef environment from a REMUS AUV and Kraken
MINSAS 120. Image Source: NOAA
Figure 3: Image of a submerged boulder
field and mesophotic reef environment from a REMUS AUV and Kraken
MINSAS 120. Image Source: NOAA
Figure 4: Image of 7-meter Dory and
Anchor Scar taken from HII REMUS with MINSAS 60
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF)
is a marine technology company providing complex subsea sensors,
batteries, and robotic systems. Our high-resolution 3D acoustic
imaging solutions and services enable clients to overcome the
challenges in our oceans - safely, efficiently, and sustainably.
Kraken Robotics is headquartered in Canada and has offices in North
and South America and Europe. Kraken is ranked as a Top 100 marine
technology company by Marine Technology Reporter.
LINKS:www.krakenrobotics.com
SOCIAL MEDIA:LinkedIn
www.linkedin.com/company/krakenrobotics Twitter
www.twitter.com/krakenrobotics Facebook
www.facebook.com/krakenroboticsinc YouTube
www.youtube.com/channel/UCEMyaMQnneTeIr71HYgrT2A Instagram
www.instagram.com/krakenrobotics
Certain information in this news release
constitutes forward-looking statements. When used in this news
release, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "seek", "propose", "estimate",
"expect", and similar expressions, as they relate to the Company,
are intended to identify forward-looking statements. In particular,
this news release contains forward-looking statements with respect
to, among other things, business objectives, expected growth,
results of operations, performance, business projects and
opportunities and financial results. These statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. Such statements
reflect the Company's current views with respect to future events
based on certain material factors and assumptions and are subject
to certain risks and uncertainties, including without limitation,
changes in market, competition, governmental or regulatory
developments, general economic conditions and other factors set out
in the Company's public disclosure documents. Many factors could
cause the Company's actual results, performance or achievements to
vary from those described in this news release, including without
limitation those listed above. These factors should not be
construed as exhaustive. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying
forward-looking statements prove incorrect, actual results may vary
materially from those described in this news release and such
forward-looking statements included in, or incorporated by
reference in this news release, should not be unduly relied upon.
Such statements speak only as of the date of this news release. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements. The forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement.
Neither the TSX Venture Exchange Inc. nor its
Regulation Services Provide (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release, and the OTCQB has neither
approved nor disapproved the contents of this press release.
For further information:
Jack North,
Marketingjnorth@krakenrobotics.com
Joe MacKay, Chief Financial Officer(416)
303-0605jmackay@krakenrobotics.com
Greg Reid, President & CEO(416)
818-9822greid@krakenrobotics.com
Sean Peasgood, Investor Relations(647)
955-1274sean@sophiccapital.com
Kraken Robotics (TSXV:PNG)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Kraken Robotics (TSXV:PNG)
Gráfica de Acción Histórica
De May 2023 a May 2024