ST. JOHN’S, NEWFOUNDLAND, November 19, 2022 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), announces completion of the offshore portion of a Robotics as a Service (RaaS) contract for the marine inspection of critical underwater infrastructure, including a submarine power cable. The contract value is $0.5 million. Kraken completed the offshore survey in challenging sea state conditions, including up to 4 kts of cross current, by using the KATFISH™ high-speed towed synthetic aperture sonar (SAS) system coupled with Kraken’s Automated Launch and Recovery System (ALARS).
“Synthetic aperture sonar is rapidly being recognized as the next standard for commercial offshore activities such as seabed survey, pre-route surveys, and infrastructure monitoring, due to its high resolution and high speed capability,” says Moya Cahill Executive Vice President – Services, Kraken Robotics. “We are expecting an accelerated adoption across the Oil & Gas and Offshore Renewable sectors as we introduce our military-proven COTS solutions into the commercial market. Following on from our notable European defense industry successes, we will be mobilizing SAS assets in Europe meet this rising commercial market demand for 2023.”
KATFISH is a high-speed, actively stabilized Synthetic Aperture Sonar (SAS) towfish that operates at speeds up to 10 knots. The high-speed capability, and constant resolution of KATFISH significantly increases Area Coverage Rates (ACR) by providing more useable data at longer ranges and higher fidelity than traditional Side Scan Sonars. KATFISH provides acoustic seabed imagery with a range-independent resolution of 3 cm x 3 cm and area coverage rates (ACR) of up to 4 km2/hour, with swaths of up to 400 meters, including simultaneous full swath 3D bathymetry. With post-processing, 1.9 cm x 2.1 cm constant resolution imagery is available.
Figure 1: KATFISH Deployment
Figure 2: Oil & Gas Imagery from KATFISH – Flowlines & Riser Bases
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company dedicated to the production and sale of software-centric sensors, subsea batteries, and underwater robotic systems. The company is headquartered in Newfoundland with offices in Canada, U.S., Germany, Denmark, and Brazil. In July 2021, Kraken acquired PanGeo Subsea, a leading services company specializing in high-resolution 3D acoustic imaging solutions for the sub-seabed used to mitigate risk in offshore installations. PanGeo with offices in Canada, the United States and the United Kingdom is now a wholly owned subsidiary of Kraken. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.
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