Kraken continued its growth plan in 2016 by opening the Unmanned Maritime Vehicles Facility in Nova Scotia with a team of former engineers from Rolls-Royce Naval Marine.View Highlights
This office would be responsible for developing a smart winch known as Tentacle Winch® to communicate with Kraken’s new KATFISH™ towed underwater vehicle. Kraken also announced several partnerships and product orders throughout that year.
- Dec 2016 – Announced hire of Jeff Bartkowski, Director of Business Development
- Nov 2016 – Announced addition of Shaun McEwan to Board of Directors
- Nov 2016 – Announced $0.5M grant from the Canadian government for autonomous LARS development.
- Oct 2016 – Announced addition of Larry Puddister to Board of Directors
- Sep 2016 – Signed MOU with Fraunhofer to license and develop 6000M AUVs that would include a full suite of Kraken sensors.
- Aug 2016 – Completed $1.1M non-brokered private placement
- Jun 2016 – Kraken and Square Robot Inc. sign a strategic partnership agreement for confined area inspection robots.
- May 2016 – Announced $0.4M proceeds for a major European defense contractor
- Apr 2016 – Announced contract for 6000M rated sensor with Woods Hole Oceanographic Institution.
- Feb 2016 – Announce to supply Elbit Systems of Israel with KATFISH™ product
- Feb 2016 – Announce $0.5M grant from the Canadian government for KATFISH™ development.
- Jan 2016 – Opened Nova Scotia Handling Systems division to focus on launch and recovery systems. Staffed by ex-Rolls Royce Marine engineers.