Kraken Robotics - President and CEO, Karl Kenny
President and CEO, Karl Kenny
Source: Kraken Robotic Systems Inc.
  • Kraken Robotics (PNG) has delivered mine-hunting sonar equipment to the Royal Danish Navy
  • Kraken’s system acceptance tests with DALO and MCM Denmark are ongoing and will be completed in the second half of this year
  • Kraken Robotics is a marine technology company
  • Kraken Robotics Inc. (PNG) opened trading at C$0.285

Kraken Robotics (PNG) has delivered mine-hunting sonar equipment to the Royal Danish Navy.

Kraken’s mine hunting systems are being integrated onboard the Royal Danish Navy’s optionally unmanned surface vessels.

Kraken’s system acceptance tests with DALO and MCM Denmark are ongoing and will be completed in the second half of this year. MCM Denmark’s upgraded capabilities are expected to be deployed operationally in early 2023.

Karl Kenny, Kraken President and CEO noted commented on the news.

“We are very pleased to achieve this significant milestone with delivering our KATFISH and ALARS systems to the Royal Danish Navy. Despite the many challenges of the past two years, and the impacts on global supply chains that all companies have felt in our industry, Kraken is successfully delivering a significant technical upgrade to the mine hunting capabilities of MCM Denmark. Our team has been working closely with our customers at DALO and MCM Denmark throughout the Acquisition Contract, and as we complete acceptance testing this year, we are looking forward to a long-term relationship with the Danish Navy.”

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

Record new users sign up to Bitcoin Well after popular YouTube feature

Non-custodial crypto business Bitcoin Well (TSXV:BTCW) announces it has signed up a record number of new users to its platform.

Nerds On Site launches AI subsidiary

Nerds on Site (CSE:NERD) reveals the launch of a new artificial intelligence subsidiary called NOS Technical Services.

Activist investor seeks to overhaul WonderFi board

KAOS Capital, an activist investor and major WonderFi (TSX:WNDR) shareholder, plans to propose five nominations to the crypto stock's board.

Energy management stock signs credit agreement and reduces debt

Kontrol Technologies (NEO:KNR) announces it has signed an amended credit agreement with its secured lender and exited forbearance.