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The Market Online
3 days ago
- Business
- The Market Online
How has Canada's tech industry fared in 2025?
Though it may feel longer, we are half-way through the year and Canada's technology sector is experiencing a surge in 2025. The TSX Venture Exchange is emerging as a vibrant hub for growth-stage tech companies. The latest TSX Venture 50 ranking—an annual list recognizing top-performing companies—reveals a 289 per cent increase in market capitalization across the selected firms. This growth underscores the country's rising status as a global tech powerhouse. A perfect storm for tech growth Several key factors have converged to fuel this momentum: Lower interest rates have reduced borrowing costs, enabling startups and scale-ups to invest more aggressively in innovation and expansion. have reduced borrowing costs, enabling startups and scale-ups to invest more aggressively in innovation and expansion. Increased venture capital investment has poured into Canadian tech, with both domestic and international investors seeking high-growth opportunities. has poured into Canadian tech, with both domestic and international investors seeking high-growth opportunities. Government support, including tax incentives and innovation grants, has further bolstered the ecosystem, making Canada an attractive destination for tech IPOs. Standout performers in 2025 Among the many success stories, three companies have distinguished themselves with exceptional performance and innovation: Kraken Robotics Inc. (TSXV:PNG), a marine technology company specializing in advanced sonar and underwater robotics, has seen its market capitalization skyrocket by 437 per cent in 2024. The company's cutting-edge solutions for ocean exploration, defense, and offshore energy have attracted significant attention from global clients and investors alike. Kraken's success reflects the growing demand for marine tech in a world increasingly focused on sustainable resource management and maritime security. The company recently reported its revenue in Q1 2025 had decreased 23 per cent to C$16.1 million, but CEO Greg Reid said in a news release that the company expects financial results to improve throughout the year. Though down 9.45 per cent since the year began, its stock has risen 149.00 per cent since this time last year. 2. Kinaxis – Supply chain intelligence on the rise Kinaxis Inc. (TSX:KXS), a leader in supply chain management software, has posted a 15 per cent gain since the start of 2025. As global supply chains continue to face disruptions and complexity, Kinaxis's AI-driven platform has become indispensable for companies seeking agility and resilience. The firm's steady growth highlights the enduring value of digital transformation in logistics and operations. 3. Celestica Inc. – Leading the pack Finishing off the TSX's 'best tech stocks' list, Celestica Inc. (TSX:CLS) has climbed 23.57 per cent year-to-date and is at the top of the TSX tech list. Known for its expertise in hardware platform solutions and advanced manufacturing, Celestica has capitalized on the growing demand for electronics in sectors ranging from aerospace to healthcare. Its strong performance is a testament to the company's strategic positioning and operational excellence. With a supportive economic environment and a robust pipeline of innovation, Canada's tech industry is in a solid position for continued growth. The TSX Venture Exchange is not just a launchpad for emerging companies—it's becoming a beacon for global tech investors seeking the next big opportunity. As 2025 unfolds, investor eyes will be on Canada's tech scene, where ambition meets opportunity and innovation drives prosperity. Join the discussion: Find out what everybody's saying about this stock on the Technology Bullboards, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
20-05-2025
- Business
- Yahoo
Kraken Robotics Announces More than $3 Million in Synthetic Aperture Sonar Sales
ST. JOHN'S, Newfoundland and Labrador, May 20, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ('Kraken' or the 'Company') (TSX-V: PNG, OTCQB: KRKNF) announces that it has received new orders totaling more than $3 million for Kraken Synthetic Aperture Sonar (SAS). The Kraken SAS systems will be integrated on small and medium-class uncrewed underwater vehicles (UUVs) for clients in Asia Pacific, Europe, and North America. 'We continue to see high demand for our synthetic aperture sonar on uncrewed systems, especially for small-class UUVs,' said Greg Reid, President and CEO of Kraken Robotics. 'Kraken SAS enables clients to significantly increase the capabilities of their uncrewed platforms, providing a larger swath with consistent high resolution, enabling missions to be completed faster and more accurately.' One of the orders is for the University of Southern Mississippi's Roger F. Wicker Center for Ocean Enterprise, which will be outfitting a variety of autonomous underwater vehicles (AUVs) and autonomous surface vessels (ASVs) with Kraken SAS to support research, development, testing, and evaluation activities. Kraken SAS integrates the capability to perform imaging and bathymetric mapping simultaneously, offering user selectable 3 cm x 3 cm or 2 cm x 2 cm processing and increased ranges up to 200 meters per side. Its flexible, modular design allows integration across all small, medium, and large diameter UUVs rated to 300, 1000, or 6000 meter 1: Kraken Synthetic Aperture Sonar image of a sunken barge in Halifax Harbour. ABOUT KRAKEN ROBOTICS INC. Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. LINKS: SOCIAL MEDIA: LinkedIn X Facebook YouTube Instagram FORWARD-LOOKING STATEMENTS Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Joe MacKay, Chief Financial Officer(416) 303-0605jmackay@ Greg Reid, President & CEO(416) 818-9822greid@ Sean Peasgood, Investor Relations(647) 955-1274sean@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Kraken Robotics Announces More than $3 Million in Synthetic Aperture Sonar Sales
ST. JOHN'S, Newfoundland and Labrador, May 20, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ('Kraken' or the 'Company') (TSX-V: PNG, OTCQB: KRKNF) announces that it has received new orders totaling more than $3 million for Kraken Synthetic Aperture Sonar (SAS). The Kraken SAS systems will be integrated on small and medium-class uncrewed underwater vehicles (UUVs) for clients in Asia Pacific, Europe, and North America. 'We continue to see high demand for our synthetic aperture sonar on uncrewed systems, especially for small-class UUVs,' said Greg Reid, President and CEO of Kraken Robotics. 'Kraken SAS enables clients to significantly increase the capabilities of their uncrewed platforms, providing a larger swath with consistent high resolution, enabling missions to be completed faster and more accurately.' One of the orders is for the University of Southern Mississippi's Roger F. Wicker Center for Ocean Enterprise, which will be outfitting a variety of autonomous underwater vehicles (AUVs) and autonomous surface vessels (ASVs) with Kraken SAS to support research, development, testing, and evaluation activities. Kraken SAS integrates the capability to perform imaging and bathymetric mapping simultaneously, offering user selectable 3 cm x 3 cm or 2 cm x 2 cm processing and increased ranges up to 200 meters per side. Its flexible, modular design allows integration across all small, medium, and large diameter UUVs rated to 300, 1000, or 6000 meter 1: Kraken Synthetic Aperture Sonar image of a sunken barge in Halifax Harbour. ABOUT KRAKEN ROBOTICS INC. Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. LINKS: SOCIAL MEDIA: LinkedIn X Facebook YouTube Instagram FORWARD-LOOKING STATEMENTS Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Joe MacKay, Chief Financial Officer(416) 303-0605jmackay@ Greg Reid, President & CEO(416) 818-9822greid@ Sean Peasgood, Investor Relations(647) 955-1274sean@ A photo accompanying this announcement is available at
Yahoo
21-04-2025
- Business
- Yahoo
Kraken Robotics Schedules 2024 Financial Results Release and Webcast
ST. JOHN'S, Newfoundland and Labrador, April 21, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ('Kraken' or the 'Company') (TSX-V: PNG, OTCQB: KRKNF) announces that it will release fiscal year 2024 financial results at 6:30am ET on Monday, April 28, 2025. The Company has also scheduled a webcast to discuss results on Monday, April 28, 2025 at 8:30am ET. The webcast will be hosted by Greg Reid, President and CEO and Joe Mackay, CFO of Kraken Robotics and will cover fourth quarter and full year 2024 results ending December 31, 2024. Webcast Details: Date: Monday, April 28, 2025 Time: 8:30am ET URL: A recording of the webcast and supporting materials will be made available in the investor's section of the Company's website at 1: Kraken's KATFISH towed synthetic aperture sonar system off the coast of Panama City, Florida. ABOUT KRAKEN ROBOTICS Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. LINKS: SOCIAL MEDIA:LinkedIn Twitter Facebook YouTube Instagram FORWARD-LOOKING STATEMENTSCertain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Joe MacKay, Chief Financial Officer(416) 303-0605jmackay@ Greg Reid, President & CEO(416) 818-9822greid@ Sean Peasgood, Investor Relations(647) 955-1274sean@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Kraken Robotics Completes Acquisition of 3D at Depth
ST. JOHN'S, Newfoundland and Labrador, April 02, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ('Kraken' or the 'Company') (TSX-V: PNG, OTCQB: KRKNF) announces that, through a subsidiary, it has completed the acquisition of 3D at Depth Inc. ('3D at Depth') on the terms previously disclosed in the Company's press release dated March 13, 2025. 3D at Depth is a subsea services company specializing in high resolution LiDAR imaging and measurements. 3D at Depth is now a wholly owned subsidiary of Kraken. As it transitions to the Kraken brand, it will continue to operate as a trusted partner in subsea LiDAR imaging, complementing Kraken's suite of synthetic aperture sonar and sub-bottom imaging technologies. 'We are pleased to welcome 3D at Depth to the Kraken Robotics team and look forward to offering our comprehensive subsea intelligence solutions to our clients,' said Greg Reid, President and CEO of Kraken. 'Our combined solutions are complementary, enabling us to provide best-in-class technologies to our global customer base across the commercial, defense, and marine research sectors.' Kraken offers a suite of advanced marine technology products and services to enable clients worldwide to complete complex subsea missions, providing higher resolution data and enhanced endurance solutions. Products Include: Kraken Synthetic Aperture Sonar (SAS) Kraken SAS is a technology evolution, integrating the capability to perform imaging and bathymetric mapping simultaneously, while delivering significantly higher resolution, range, and the industry's best Area Coverage Rates (ACR). Ranging from mine countermeasures and port and harbor security to infrastructure integrity surveys and broad area habitat mapping campaigns, Kraken SAS provides higher-grade subsea information that reduces the cost and time required to make critical decisions. KATFISH Kraken's KATFISH is an actively stabilized synthetic aperture sonar (SAS) towfish system that delivers ultra-high-resolution data of up to 2 cm x 2 cm. The KATFISH towbody leverages articulated tailfins and an intelligent autopilot to compensate for motion, enabling high-quality data collection and large area coverage rates. SeaPower Kraken's SeaPower pressure-neutral battery system delivers twice the energy density at 46% less weight in water per kWh compared to traditional oil-compensated batteries. Its exceptional energy-to-volume and weight ratio enables extended, deeper, and more complex underwater operations with reduced recharging needs. Services Include: LiDAR Survey Underwater LiDAR surveys result in comprehensive, accurate data to enable informed decision-making on underwater assets and infrastructure in a cost-effective, low risk manner. Applications include measurement, inspection, diagnostics, and asset monitoring for offshore oil and gas, nuclear, hydroelectric industries, defense and security, and marine science and research. SAS Survey Kraken's KATFISH towed synthetic aperture sonar surveys can provide significant augmentation to existing offshore energy and defense survey operations, acquiring higher quality, wider swaths of data at faster speeds than towed sidescan sonar. Sub-Bottom Imaging Kraken's Sub-Bottom Imaging services allow you to see beneath the seabed using advanced acoustic technology. Our Sub-Bottom Imager (SBI) 3D data provides a clear understanding of subsea lithography and hazards, decreasing the risk of your offshore operations. Acoustic Coring The Acoustic Corer utilizes advanced acoustic technology for sub-seabed interrogation, optimizing offshore installation programs. By bridging the gap between geophysical and geotechnical site investigation methods, it delivers a 3D acoustic core with a 14 m diameter and depths exceeding 50 m. Figure 1: Kraken Robotics offers a suite of advanced marine technology products and services ABOUT KRAKEN ROBOTICS INC. Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. LINKS: SOCIAL MEDIA: LinkedIn X Facebook YouTube Instagram ABOUT 3D AT DEPTH 3D at Depth specialises in underwater data acquisition, providing unparalleled expertise and cutting-edge solutions to a diverse array of in water measurement challenges. From initial underwater survey planning to final data delivery, our comprehensive end-to-end approach and commitment to excellence has positioned us as industry leaders, empowering our clients worldwide with detailed and accurate three-dimensional point clouds which provide an insightful and holistic view of underwater environments. LINKS: SOCIAL MEDIA: LinkedIn X YouTube Instagram Threads Bluesky Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, potential business synergies between Kraken and 3D at Depth, the anticipated market for 3D at Depth's products and services, business objectives, expected growth, results of operations, performance, business projects and opportunities, and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Joe MacKay, Chief Financial Officer(416) 303-0605jmackay@ Greg Reid, President & CEO(416) 818-9822greid@ Sean Peasgood, Investor Relations(647) 955-1274sean@ A photo accompanying this announcement is available at
