Industry M&A – General Dynamics Acquires Bluefin Robotics

General Dynamics Mission Systems has acquired Bluefin Robotics and added it to its Marine and Strategic Systems business. Bluefin Robotics makes unmanned undersea vehicles (UUVs). The company was founded in 1997 by engineers from the Massachusetts Institute of Technology’s AUV Laboratory and was a subsidiary of Battelle Memorial Institute Inc. In 2011, the company received a subcontract from General Dynamics Advanced Information Systems for the Surface Mine Countermeasure UUV, known as Knifefish.   General Dynamics Buys UUV Maker Bluefin Robotics

Kraken to Supply Sonar System to Major Israeli Defence Contractor

Kraken Active Towed Fish (KATFISH) Can Be Deployed for Hunting Naval Mines and Underwater Improvised Explosive Devices ST. JOHN’S, NL–(Marketwired – February 23, 2016) – Kraken Sonar Inc. (“Kraken”) (TSX VENTURE: PNG) announced today that its wholly-owned subsidiary, Kraken Sonar Systems Inc. will supply its KATFISH towed sonar system to Elbit Systems Ltd., a major international defence contractor based in Israel. This past week Elbit unveiled a state-of-the-art Unmanned Surface Vehicle (USV) named “Seagull”. The Seagull USV is a multi-mission platform boasting high autonomy levels and modular features, allowing it to be rapidly reconfigured for a wide array of missions — including anti-submarine warfare and mine countermeasures. “Elbit’s Seagull USV is one of the most advanced ocean drones in the world — one that will save lives,” said Karl Kenny, President of Kraken Sonar. “When our Synthetic Aperture Sonar is integrated on Elbit’s Seagull USV, the system can provide remotely operated, unmanned,…

Elbit Introduces Seagull USV

Developed in less than three years with technical and performance input from the Israeli Navy and Israel’s Ministry of Defense, Elbit Systems unveiled a prototype of. the Seagull USV that can complement or even replace expensive, manpower-intensive frigates or aircraft currently used to hunt submarines at sea. Seagull is a 12-meter USV with replaceable mission modules, with two vessels capable of being operated and controlled in concert using a single Mission Control System (MCS), from manned ships or from the shore. The system provides unmanned end-to-end mine hunting operation taking the man out of the mine field. It provides mission planning, and on-line operation in known and unknown areas, including area survey, search, detection, classification, identification, neutralization and verification. It is equipped to search the entire water volume and operate underwater vehicles to identify and neutralize mines. https://www.marinelink.com/news/introduces-systems404824

Kraken Receives Financial Contribution From the Government of Canada

Non-Dilutive Financial Contribution of up to $495,000 From the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP); Funding Will Support Development of the Kraken Active Towed Fish (KATFISH) for High Speed, High Resolution Seabed Mapping. KATFISH Provides the Highest Resolution Seabed Pixels at the Lowest Cost Compared to Competing Survey Sonar Platforms ST. JOHN’S, NL–(February 08, 2016) –  Kraken Sonar Inc. (Kraken) (TSX VENTURE: PNG) announced today that its wholly-owned subsidiary, Kraken Sonar Systems Inc. will receive a non-refundable financial contribution of up to $495,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). In addition to technical and business advisory services provided by NRC-IRAP, the funding is being used to develop the Kraken Active Towed Fish (KATFISH) for high speed, high resolution seabed mapping. The system will enable real-time seabed imagery, bathymetry and advanced 3D digital terrain models of the seabed. KATFISH will enable seabed…

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