Will Shares of this Robotics Firm Jump on New Government Order?

Will Shares of this Robotics Firm Jump on New Government Order?

By: Tomas Ronolski - AllPennyStocks.com News

Thursday, March 9, 2023

Demand for high-resolution 3D acoustic imaging solutions and services is growing, and this company just received $1.5 million in orders from a U.S. defense client. The technology enables clients to safely, efficiently and sustainably overcome the challenges in oceans. Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), announces $1.5 million in orders from a US defense customer for their AquaPix® synthetic aperture sonars (SAS) per the company’s press release

The order includes  6000-meter rated systems to be integrated to the customer’s Autonomous Underwater Vehicles (AUVs) with delivery is expected in 2023. Demand for Kraken’s SAS products has increased significantly and demand is expected to tick up approximately three times in 2023  as compared to previous years.

U.S. shares closed Wednesday trade at $0.4288, Canadian shares at $0.59.


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