Kraken inks $2.7m in Sonar, Subsea Battery Contracts

Thursday, August 31, 2023

Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) received contracts totalling $2.7m for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken's list of users. One customer is a European Research Institute operating next-generation AUVs, and the other is a NATO member country in underwater defense applications. Deliveries will occur in 2024.

Categories: People & Company News Contracts Subsea Industry News

Related Stories

OneSubsea Gets Gullfaks Subsea Compression Upgrade by Equinor

New Alliance Targets Offshore Caisson Integrity Challenges

DUG Hooks Multi-Client Seismic Reprocessing Survey off Malaysia

Current News

Norway's 2025 Oil Output Climbs to Highest Level Since 2009

AKOFS Offshore Inks New Vessel Deal with Petrobras

UK Trade Body Challenges Government View on North Sea Gas Decline

Inpex Secures Environmental Approval for Indonesia’s Abadi LNG Project

Subscribe for OE Digital E‑News