Kraken Robotics Announces $3 Million Boulder Detection Survey Contract for Offshore Wind Farm Project in Europe
19 October 2023 - 9:30PM
Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG,
OTCQB: KRKNF) announces it has received a $3 million contract to
carry out boulder detection subsea survey services as part of an
Offshore Wind Farm Project, located in Europe.
Kraken’s contract scope includes mobilisation of
a dedicated survey vessel, deployment of optimal sub-bottom survey
equipment, and expert personnel to provide specialist engineering
design support to de-risk the installation of the project’s two
large offshore substations. This survey campaign will be executed
in Q4 2023 with Kraken’s Acoustic Corer™ technology providing
accurate, high resolution 3D imaging of twenty-four sub-seabed
cores, with the cores placed to maximise coverage over the
foundation leg locations.
Greg Reid, President & Chief Executive
Officer, stated, “Kraken is proud to be involved in this important
renewable energy project, which further reinforces the growing
demand for our expert sub-seabed survey capabilities in providing
valuable knowledge and highly specialized technologies to support
energy transition.”
Key to enabling this award, Kraken’s Acoustic
Corer™ technology was chosen for this type of subsea survey
project for its unique and proven ability to locate boulders of 0.3
meters and larger within the seabed’s subsurface. As the Acoustic
Corer operates statically and is deployed on the seabed, positional
accuracy to identify boulders and other hazards is greatly
improved. This also enables it to operate in higher sea states,
compared to other surface-towed sub-bottom sensors, which makes it
ideal for surveys carried out during challenging winter
environments.
About Kraken’s Acoustic
Corer™ Technology:The Acoustic
Corer™ is a subsea surveying technology that interrogates the
sub-seabed to optimize offshore installation programs. Its
capabilities include buried boulder identification and support for
foundation location selections and foundation engineering design.
The Acoustic Corer™ fills the gap between current geophysical and
geotechnical site investigation methods by providing a 3D acoustic
core 14 meters in diameter penetrating up to 60 meters into the
sub-seabed. View LINK for more details.
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
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www.instagram.com/krakenrobotics
Certain information in this news release
constitutes forward-looking statements. When used in this news
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For further information:
Stephen Griffin, Group Marketing
ManagerStephen.Griffin@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
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