Industry M&A – L3 Acquires Ocean Water Power
L3 Technologies acquired Open Water Power, Inc. on May 19, 2017. The terms were not disclosed. The business will be renamed L3 Open Water Power and will be integrated into L3’s Sensor Systems business segment. Based in Somerville, Massachusetts, Open Water Power is developing safe and high-energy-density undersea power generation technologies for use by Unmanned […]
Digitalization Driving Value Creation
Statoil is establishing a digital center of excellence and launching a roadmap with specific programs for digitalization to improve the safety, security and efficiency of Statoil operations. Towards 2020 Statoil expects to invest NOK 1-2 billion in new digital technologies, accelerating the digital roadmap work. Digital technologies will also be part of other Statoil technology […]
Kraken Announces Executive Appointment
ST. JOHN’S, NEWFOUNDLAND – 18 May 2017 Kraken Sonar Inc. (TSX-V: PNG) is pleased to announce that Mr. Neil Riggs has joined the company as Senior Project Manager. Neil graduated from Memorial University of Newfoundland with a BSc degree, major in physics and a BEng (Mechanical). He has over 40 years of experience in research […]
Full-Color Underwater 3D Images from Kraken Robotik
Bremen Invest looks at Kraken Robotik GmbH a new German startup. They discuss the company’s new 3D imaging sensor with millimeter accuracy for underwater industrial activities and deep sea exploration. The first prototype of a camera with brand new sensor technology was built in Canada and presented to industry professionals at the Ocean Business conference […]
Kraken Makes Strategic Investment in Kraken Power GmbH
German Provider of Specialized Deep Sea Components for Underwater Robotics ST. JOHN’S, NEWFOUNDLAND and ROSTOCK, GERMANY – 17 May 2017 /Marketwired/ – Kraken Sonar Inc. (TSX-V: PNG) is pleased to announce that it has acquired a minority interest in ENITECH Subsea GmbH of Rostock, Germany; and that the company has been renamed Kraken Power GmbH. […]
Kraken Receives $745,000 for Underwater Robotics
Non-Dilutive Capital to Support ThunderFish™ Autonomous Underwater Vehicle Program JOHN’S, NEWFOUNDLAND ‐ (Marketwired – 15 May 2017) – Kraken Sonar Inc. (“Kraken”) (TSX‐V: PNG) is pleased to announce that its wholly‐owned subsidiary, Kraken Sonar Systems Inc. has been awarded a non‐refundable financial contribution of $745,950 by the Research & Development Corporation (RDC) of Newfoundland and Labrador. The funding […]
New Ideas for AUVs
AUVs (autonomous underwater vehicles) are increasingly being used for pipeline surveys and other offshore applications. But they hold potential for wider use, which is dependent on operators pushing for advances. “We’ve been at this thing for 20 years; a large number of the technology elements have been there for 15 years. It’s just that the offshore industry […]
