Kraken CEO to Speak at Maritime Robotics and Sensor Conference

Conference Lets Kraken’s German Subsidiary Expand Customer Relationships ST. JOHN’S, NL–(Marketwired – December 15, 2016) – Kraken Sonar Inc. (TSX VENTURE: PNG) is pleased to announce that President and CEO, Karl Kenny, has been invited to speak at the MAROS (Maritime Robotik und Sensorik) Conference being held in Potsdam, Germany on January 12-13, 2017. “With the establishment of our new German subsidiary, Kraken Robotik GmbH, based in Bremen, we look forward to working with our customers and partners in the region,” said Karl Kenny, Kraken’s President & CEO. “I am pleased to speak at this conference organized by Fraunhofer IOSB, a current Kraken customer. There are strategic synergies between our organizations and we look forward to making further announcements with them in the underwater robotics sector.” Germany’s maritime economy is a high-tech sector that employs around 400,000 employees with an annual turnover of more than EUR54 billion — and is one of…

Kraken Establishes German Subsidiary

  Kraken Robotik GmbH to Focus on Underwater Robotics ST. JOHN’S, NL–(Marketwired – December 07, 2016) -Kraken Sonar Inc. (TSX VENTURE: PNG) is pleased to announce that effective January 1, 2017, its new German subsidiary, Kraken Robotik GmbH (KRG) will commence operations at the Bremen Innovation and Technology Centre. The move to expand operations into Germany corresponds to strong growth in the region where Kraken has an increasing base of customers and strategic partners. In addition to customer support, KRG will focus on the development of 3D imaging sensors, machine learning and artificial intelligence (AI) algorithms for underwater robotic platforms. Machine learning is a type of AI that provides robots with the ability to learn without being explicitly programmed. Machine learning focuses on the development of software that can teach robotic platforms to be cognitive and adaptive when exposed to new data. “We believe that underwater robotics technology has finally reached…

Industry M&A – Boeing Acquires Liquid Robotics

Boeing has acquired Liquid Robotics, its teammate in a years-long effort to create surfboard-sized robots that can use wave power to roam the seas. The acquisition is expected to help Boeing create military communication networks that can transmit information autonomously from the sea to satellites via Sensor Hosting Autonomous Remote Craft, or SHARCs. Liquid Robotics was founded in 2007 and currently has about 100 employees in California and Hawaii. Just as the fixed-wing ScanEagle drones can gather and transmit data while they’re airborne, SHARCs can monitor maritime operations and send the information back via satellite to their handlers. Boeing also makes a 50-ton underwater robot called Echo Voyager that can explore the deep sea for six months at a time, as well as two smaller unmanned undersea vehicles. The SHARCs can serve as communication relays for those undersea robots. https://www.geekwire.com/2016/boeing-buys-liquid-robotics-sharc/

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