ST. JOHN’S, NEWFOUNDLAND, May 27, 2021 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company™, is pleased to announce a second purchase order for 6000-meter rated AquaPix® MINSAS 120 sonars from Teledyne Gavia. While we cannot provide the specific amount of these orders to Kraken, they total between $1.75 and $2.0 million. Kraken expects to fulfill these orders in 2021.
Teledyne Gavia’s Autonomous Underwater Vehicle (AUV) customer is Argeo AS, a European survey company who recently press released their two SeaRaptor AUV orders. According to Argeo, they intend to have the two AUV systems work in parallel for projects requiring larger seabed footprint and productivity, focusing on deep water projects and campaigns. The SeaRaptor is a survey-grade deep water AUV designed to operate at abyssal depths and is depth rated up to 6000 meters. SeaRaptor supports a variety of applications, such as search and recovery, salvage, exploration, construction support, deep sea mining, marine archaeology, and oceanography.
Figure 1: SeaRaptor AUVs
These purchase orders follow initial integration and sea trials of Kraken’s AquaPix® MINSAS at Teledyne Gavia facilities in Iceland in the summer of 2020. Kraken’s AquaPix® MINSAS is an off the shelf configurable SAS which replaces high end sidescan systems at an affordable price, while delivering significantly higher resolution, range, and area coverage rates (ACR). The increased range and resolution and associated higher ACR of SAS over traditional systems can significantly expand the capabilities of Teledyne Gavia AUV systems for a variety of tasks for naval, scientific, and commercial applications. The man-portable Gavia class vehicles will utilize the MINSAS 60 system while the larger Osprey and SeaRaptor AUVs are capable of carrying the larger MINSAS 120 configuration. Kraken’s MINSAS is capable of 2 cm x 2 cm Ultra High-Definition SAS imaging which is ideal for stringent requirements of marine mineral surveys.
Kraken is the undisputed leader in provider Synthetic Aperture Sonar to third party underwater vehicle platforms. To date, Kraken has seen its Aquapix® sensors integrated on more than 20 unique underwater vehicle platforms from a variety of manufacturers.
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 thrusters, and underwater robotic systems. The company is headquartered in Newfoundland with offices in Canada, U.S., Germany, Denmark, and Brazil. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.
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For further information, please contact:
Joe MacKay, Chief Financial Officer
Greg Reid, Chief Operating Officer
Sean Peasgood, Investor Relations