Avitas Systems, a GE Venture, Partners with Kraken to Advance Subsea Robotic Inspection

St. JOHN’S, NEWFOUNDLAND – OCTOBER 26, 2017 /Marketwired/ — Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) announced today that its wholly-owned subsidiary, Kraken Robotic Systems Inc. has entered a strategic partnership with Avitas Systems, a GE Venture. The companies will integrate Autonomous Underwater Vehicles (AUVs), acoustic and laser sensor technology and artificial intelligence-based navigation software into unique subsea inspection solutions for the oil and gas, offshore renewable energy, and shipping industries. The announcement was made during GE’s Mind + Machines event in San Francisco, California. “Bridging Kraken’s cost-effective technologies with our autonomy, state-of-the-art platform, and domain knowledge allows us to commercialize efficient solutions tailored to the oil and gas industry’s specific needs,” said Brad Tomer, Vice President of Operations at Avitas Systems, who attended GE’s Minds + Machines event in San Francisco. “We look forward to developing complex solutions that offshore assets in challenging ocean conditions require.” Karl Kenny, Kraken’s…

The Next Frontier for Defense Drones may be the World’s Oceans

“Blue Tech for the maritime defense sector feels like where Clean Tech was a decade ago,” said Greg Murphy, executive director of The Maritime Alliance, a San Diego trade group for the Blue Tech industry. “There is momentum. The Navy is increasingly using autonomous systems, and the large defense contractors are starting to buy up smaller Blue Tech companies that are developing systems.”   http://www.sandiegouniontribune.com/business/technology/sd-fi-ocean-aero-20171023-story.html      

Navy Plans “Simpler Truck” for its Unmanned CounterMine Mission

The U.S. Navy still plans to hunt for maritime mines using autonomous craft but the service likely will attack the problem from a different angle, says Adm. John Richardson, the chief of naval operations. http://www.auvsi.org/unmanned-systems-magazine-navy-plans-%E2%80%98simpler-truck%E2%80%99-its-unmanned-countermine-mission

Kraken Welcomes Vice Admiral Connor to Its Board

Kraken Robotics has informed that retired Vice Admiral Michael J. Connor, United States Navy, has joined its Board of Directors. View Article  

Kraken Appoints New Board Member

ST. JOHN’S, NEWFOUNDLAND, OCTOBER 10, 2017 /Marketwired/ — Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) is very pleased to announce that retired Vice Admiral Michael J. Connor, United States Navy, has joined its Board of Directors. In a 35-year career in which he rose to the rank of Vice Admiral in the United States Navy, Connor commanded at the ship, squadron and task force levels. His assignments included command of USS SEAWOLF, a nuclear-powered attack submarine, Submarine Squadron Eight, Undersea Forces in the Western Pacific and the Arabian Gulf. He held several concurrent titles during his last assignment; including Commander, United States Submarine Forces, Commander, Submarine Forces Atlantic and Commander, Allied Submarine Command. He served as commander of U.S. submarine forces from September 2012 until September 2015. Vice Admiral Connor led the US Navy Submarine Force into robotic undersea systems, achieving key milestones including the first operational deployment and recovery…

U.S. Navy to Rely on Boeing and Lockheed Martin to develop Extra Large AUV

The US Navy has awarded defence companies Boeing and Lockheed Martin contracts to develop a large submersible dubbed the Orca Extra-Large Unmanned Underwater vehicle (XLUUV). This contract will have the two companies develop all the required data for the project. Lockheed Martin has been given $43.2m (£32.7m) and Boeing $42.3m to design their own versions of Orca. One of them will win the contract and deliver five prototypes to the Navy for testing by 2020, says the report.   http://www.ibtimes.co.uk/us-navy-ropes-boeing-lockheed-martin-develop-extra-large-autonomous-drone-submarine-1641946

Kraken’s Cash Balance Increases in Q3

ST. JOHN’S, NEWFOUNDLAND, OCTOBER 3, 2017 /Marketwired/ — Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) announced today that it ended 3Q17 with approximately $800,000 in cash and unused credit facilities and had $2.0 million available to be drawn down on non-repayable government grants. During the first week after quarter end, we expect to receive an additional $700,000 cash from a contract advance and government grant drawdown. OTHER CORPORATE DEVELOPMENTS Kraken recently completed sea trials with a US Navy Autonomous Underwater Vehicle (AUV) that successfully demonstrated full swath, real-time Synthetic Aperture Sonar signal processing operating onboard a US Navy underwater vehicle (Hydroid REMUS 600). This is the first time that real time SAS processing has been successfully conducted on these smaller underwater vehicles. The results of this industry first will be presented at the upcoming Naval Mine Countermeasures Symposium being held in Halifax, Nova Scotia during October 3 – 5, 2017….

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