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Be the first with the news that moves the market- Kraken Robotics (PNG) has secured a C$36 million supply contract with the Danish Ministry of Defence, Acquisition and Logistics Organisation (DALO)
- Under the two-year deal, Kraken will deliver its KATFISH towed Synthetic Aperture Sonar, Tentacle Winch and Autonomous Launch and Recovery System (ALARS) products
- The company’s minehunting system will also be integrated with the Royal Danish Navy’s optionally unmanned surface vessels
- The contract comes on top of a similar agreement, also announced today, with the Polish Navy
- Kraken Robotics (PNG) is currently steady at 53 cents per share
Kraken Robotics (PNG) has secured a C$36 million supply contract with the Danish Ministry of Defence, Acquisition and Logistics Organisation (DALO).
Under the two-year deal, the Newfoundland-based marine technology company will deliver its KATFISH towed Synthetic Aperture Sonar, Tentacle Winch and Autonomous Launch and Recovery System (ALARS) products.
Kraken’s minehunting system will also be integrated with the Royal Danish navy’s optionally unmanned surface vessels.
Karl Kenny, President and CEO of Kraken Robotics, said he is pleased to have signed the contract following a “very competitive” bid process.
“As part of its commitment to Denmark, Kraken will be expanding its European presence with the establishment of a new Danish Centre of Excellence in Mine Counter Measures.
“This new operation will not only conduct research and development to further improve the capabilities of Kraken’s world-class MCM solutions but will also be able to offer local technical support for Danish customers,” he added.
The new Danish operation is also expected to engage with local companies, universities and technical institutes, which Kraken says will ensure long-term benefits to what it hopes is a long-term relationship with the Danish Navy.
Captain Kim Bo Meier, Head of the Maritime Division within DALO, also commented on the deal, noting that the ability to recognise conditions below sea level is considered a vital task for the Royal Danish Navy and its MCM forces.
“With this new sensor the Royal Danish Navy can maintain its MCM capacity and necessary operational preparedness in relation to being able to locate and clear mines in both national and international waters and straits.
“We look forward cooperating with Kraken ensuring a smooth integration of the new main sensor,” he said.
The deal with the Danish Navy comes off the back of a similar agreement, also announced today, with the Polish Navy.
Kraken Robotics (PNG) is currently steady at 53 cents per share, as of 12:29pm EDT.
