Kraken announced that it established a team to focus on acoustic signal processing applications targeting anti-submarine warfare (ASW) applications in 2018.
View Highlights2018 Highlights
Located in Ontario, Kraken’s new Acoustic Signal Processing Group has 80+ years of combined experience in sonar systems development and integration.
- Dec 2018 – Completed $6M bought deal equity financing
- Dec 2018 – Completed successful sea tests of KATFISH with Elbit Systems
- Nov 2018 – Awarded $0.5M contract from Canadian Department of Defence
- Sep 2018 – Announced co-operation agreement with Leeway Marine for SeaScout RaaS offering
- Sep 2018 – Awarded $1.0M software contract from international defence contractor
- Sep 2018 – Completed successful showcase of SeaScout RaaS offering with Thayer Mahan during U.S. Navy exercise
- Aug 2018 – Announced CRADA with US National Oceanic Atmospheric Administration (NOAA)
- Aug 2018 – Received $1.0M from exercise of warrants
- Aug 2018 – Awarded $0.5M AquaPix contract with international defence customer
- Aug 2018 – Commenced testing of KATFISH with US Navy
- Aug 2018 – Awarded $9M deep sea batteries contract from Ocean Infinity Ltd
- Jul 2018 – Announced establishment of Acoustic Signal Processing Group in Toronto
- Jul 2018 – Signs Strategic Alliance MOU with Ocean Infinity Ltd
- Jun 2018 – Obtains DTC eligibility of common shares
- Jun 2018 – Kraken completes $2.3M equity raise with Ocean Infinity Ltd.
- Jun 2018 – Awarded $0.9M contracts for evaluation of SeaVision sensors and AI software
- Jun 2018 – Kraken pre-qualifies SeaVision for Canada’s BCIP program
- May 2018 – Announced KATFISH has achieved MIL-STD certification
- May 2018 – Announced AquaPix Multispectral SAS
- Apr 2018 – Announced Dr. Jeremy Dillon as Chief Scientist
- Apr 2018 – Kraken pre-qualifies ThunderFish for Canada’s BCIP program
- Feb 2018 – Kraken completes $1.5M equity raise
- Feb 2018 – Kraken announces strategic alliance with ThayerMahan
- Feb 2018 – Ocean Supercluster selected as one of 5 Government of Canada innovation superclusters and will receive part of $950 million in federal funding
- Jan 2018 – Awarded repeat contract with leading military customer for Kraken SAS sensor.
- Jan 2018 – Kraken wins international offshore wind energy competition (Carbon Trust Offshore Wind Accelerator competition)
- Jan 2018 – Kraken real time sonar deployed on U.S. Navy AUV
