ST. JOHN’S, NEWFOUNDLAND, April 18, 2023 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), announces a $4 million follow on order from a NATO Navy customer for KATFISH™ spares. Delivery is expected to occur during the next 12 months.
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™ greatly increases Area Coverage Rates (ACR) by providing more useable data for MCM missions than traditional Side Scan Sonars. KATFISH™ provides real time high-resolution ACR of up to 4 km2/hr with 3.3 cm x 3.0 cm* constant resolution across ranges up to 200 m per side with simultaneous 3D bathymetry. *1.9 cm x 2.1 cm constant resolution available with post-processing.
Figure 1: KATFISH Minehunting System
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.
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For further information:
Stephen Griffin, Group Marketing Manager
Joe MacKay, Chief Financial Officer
Greg Reid, President & CEO
Sean Peasgood, Investor Relations