Kraken Receives Order for AquaPix® Sonar from AUV Manufacturer
20 May 2021 - 8:00PM
Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean
Company™, is pleased to announce that it has received an order for
a 3000-meter rated AquaPix MINSAS 120 Synthetic Aperture Sonar from
an American autonomous underwater vehicle (AUV) manufacturer. The
contract value is $0.5 million and delivery to the customer is
expected in 2021. Since March of this year, Kraken has received
orders for AquaPix MINSAS 120 Synthetic Aperture Sonars from
customers in the US, Europe, and Australia for integration onto
three different AUV platforms.
Kraken is the undisputed leader and provider of
Synthetic Aperture Sonar to third party underwater vehicle
platforms. To date, Kraken has seen its AquaPix® sensors integrated
on 20 unique underwater vehicle platforms from a variety of
manufacturers. Kraken’s MINSAS is a commercially available off the
shelf configurable Interferometric Synthetic Aperture Sonar (SAS)
which replaces high end side scan sonar systems at an affordable
price, while delivering significantly higher resolution, range, and
area coverage rates (ACR).
LINKSwww.krakenrobotics.com
SOCIAL MEDIALinkedIn
Twitter Facebook
YouTube Instagram
ABOUT KRAKEN ROBOTICS
INC.Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a
marine technology company dedicated to the production and sale of
software-centric sensors, subsea batteries and thrusters, and
underwater robotic systems. The company is headquartered in
Newfoundland with offices in Canada, U.S., Germany, Denmark, and
Brazil. Kraken is ranked as a Top 100 marine technology company by
Marine Technology Reporter.
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, please contact:Joe MacKay, Chief
Financial Officer(416) 303-0605jmackay@krakenrobotics.com
Greg Reid, Chief Operating Officer(416)
818-9822greid@krakenrobotics.com
Sean Peasgood, Investor Relations(647)
955-1274sean@sophiccapital.com
Kraken Robotics (TSXV:PNG)
Historical Stock Chart
From Apr 2024 to May 2024
Kraken Robotics (TSXV:PNG)
Historical Stock Chart
From May 2023 to May 2024