Subsea Intelligence Firm Announces New Contracts

Subsea Intelligence Firm Announces New Contracts

By: Dylan Sikes – AllPennyStocks.com News

Thursday, August 31, 2023

This firm’s mission is to transform the future of subsea intelligence through the creation of intelligence solutions. And they just announced several new contracts totaling $2.7 million.

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) announced in a press release today contracts for subsea batteries and synthetic aperture sonar systems (SAS). These SAS sensor contracts represent two new customers, including a European Research Institute operating next-generation AUVs, and the other is a NATO member country in underwater defense applications. Deliveries will occur in 2024. 

The firm’s high-resolution 3D acoustic imaging solutions and services enable clients to overcome undersea challenges safely, efficiently, and sustainably. Canadian-listed shares were trading at $0.435 in morning trade.


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