• Kraken (PNG) has been awarded a $2 million contract from US Defense customer for its 6000-meter rated AquaPix Synthetic Aperture Sonar (SAS)
  • Kraken’s AquaPix delivers higher resolution, range, and broad area coverage rates than traditional side scan sonar systems
  • Kraken Robotics is a marine technology company
  • Kraken Robotics Inc. (PNG) opened trading at C$0.285

Kraken (PNG) has been awarded a $2 million contract from US Defense customer for its 6000-meter rated AquaPix Synthetic Aperture Sonar (SAS).

The contract is from a US defense contractor for deployment on Autonomous Underwater Vehicles (AUVs) built by the customer. Due to confidentiality reasons the customer cannot be named.

Deliveries are expected to occur in the second half of this year.

Kraken’s AquaPix deliver high resolution, range, and broad area coverage rates (ACR). The increased range, resolution and associated higher ACR of SAS over traditional side scan sonar systems expands the capabilities of naval, scientific, and commercial applications.

AquaPix is uniquely positioned within the industry to bring this capability to the increasingly popular small, man-portable vehicle class. AquaPix is modular and has been integrated and deployed on over 20 different underwater vehicle platforms from shallow water to full ocean depth.

Headquartered in Newfoundland, Kraken Robotics is a marine technology company offering software-centric sensors, subsea batteries and thrusters, and underwater robotic systems.

Kraken Robotics Inc. (PNG) opened trading at C$0.285.

More From The Market Online

KWESST to provide situational awareness for the Canadian Red Cross

KWESST Micro Systems (TSXV:KWE) wins a contract to provide a situational awareness app to support the Canadian Red Cross.

NVIDIA stock nears all-time highs

NVIDIA Corp. (NDAQ:NVDA; NEO:NVDA) will accelerate quantum computing at national supercomputing centres with the NVIDIA CUDA-Q platform.