Latest news with #KATFISH
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
Globe and Mail
08-04-2025
- Business
- Globe and Mail
Kraken Robotics Announces Synthetic Aperture Sonar Service for the Offshore Energy Market
ST. JOHN'S, Newfoundland and Labrador, April 08, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ('Kraken' or the 'Company') (TSX-V: PNG, OTCQB: KRKNF) announced that it is launching a synthetic aperture sonar (SAS) service for the global offshore energy market. Kraken's commercial services team will have dedicated KATFISH towed SAS systems available for rental starting July 2025. 'While the KATFISH has been used successfully as a service in the defense market for many years, we are pleased to have multiple assets we can introduce to the commercial market,' said Lynne Adu, Executive Vice President and Chief Commercial Officer at Kraken. 'SAS offers a significant increase in resolution and range compared to sidescan sonar, and there is already a lot of interest for applications like pre- and post- offshore construction survey and underwater infrastructure inspection.' Kraken's KATFISH towed SAS debuted as a product 7 years ago. Since then, it has been utilized around the world for applications ranging from mine countermeasure operations to critical underwater infrastructure inspection and harbour survey. The system offers real-time 3 cm x 3 cm resolution with a range of up to 200 meters per side, providing some of the industry's highest area coverage rates available. The high resolution of Kraken SAS helps to derisk projects, with the ability to differentiate between manmade and natural contacts and identify small contacts that may be on or near infrastructure. 'Over the next 20 years, we are expected to see a five times increase in demand for commercial survey services in the offshore wind industry,' said Chris Almond, Vice President of Business Development for Kraken's services. 'At the same time, we are being challenged to decrease our carbon footprint. The KATFISH system can survey larger areas faster than current solutions, decreasing the amount of vessel time needed and therefore reducing carbon production with the added benefit of decreased survey costs.' Kraken's SAS service was recently selected by Offshore Renewable Energy (ORE) Catapult, the UK's leading technology innovation and research center for offshore renewable energy, to be part of its Launch Academy. Through Launch Academy, Kraken will be given access to world-class testing and research programs as well as the opportunity to work with industry, academia, and government to position SAS survey services for the offshore wind industry. With the recent acquisition of 3D at Depth, Kraken Robotics now operates a global offshore services business out of the UK and the U.S. Kraken global SAS services will operate out of its Aberdeen, UK office, where it also provides sub-seabed imaging services using its Sub-Bottom Imager™ and Acoustic Corer™ technologies. With more than 30 employees based in the UK, Kraken completed more than 20 services projects in 2024, delivering high-quality sub-bottom imaging data to clients across 13 countries. Figure 1: Kraken will provide synthetic aperture sonar surveys for the offshore energy market with its KATFISH towed system. 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. SOCIAL MEDIA: 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 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 Marketing Joe MacKay, Chief Financial Officer (416) 303-0605 jmackay@ Greg Reid, President & CEO (416) 818-9822 greid@ Sean Peasgood, Investor Relations (647) 955-1274 sean@ A photo accompanying this announcement is available at
Yahoo
08-04-2025
- Business
- Yahoo
Kraken Robotics Announces Synthetic Aperture Sonar Service for the Offshore Energy Market
ST. JOHN'S, Newfoundland and Labrador, April 08, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ('Kraken' or the 'Company') (TSX-V: PNG, OTCQB: KRKNF) announced that it is launching a synthetic aperture sonar (SAS) service for the global offshore energy market. Kraken's commercial services team will have dedicated KATFISH towed SAS systems available for rental starting July 2025. 'While the KATFISH has been used successfully as a service in the defense market for many years, we are pleased to have multiple assets we can introduce to the commercial market,' said Lynne Adu, Executive Vice President and Chief Commercial Officer at Kraken. 'SAS offers a significant increase in resolution and range compared to sidescan sonar, and there is already a lot of interest for applications like pre- and post- offshore construction survey and underwater infrastructure inspection.' Kraken's KATFISH towed SAS debuted as a product 7 years ago. Since then, it has been utilized around the world for applications ranging from mine countermeasure operations to critical underwater infrastructure inspection and harbour survey. The system offers real-time 3 cm x 3 cm resolution with a range of up to 200 meters per side, providing some of the industry's highest area coverage rates available. The high resolution of Kraken SAS helps to derisk projects, with the ability to differentiate between manmade and natural contacts and identify small contacts that may be on or near infrastructure. 'Over the next 20 years, we are expected to see a five times increase in demand for commercial survey services in the offshore wind industry,' said Chris Almond, Vice President of Business Development for Kraken's services. 'At the same time, we are being challenged to decrease our carbon footprint. The KATFISH system can survey larger areas faster than current solutions, decreasing the amount of vessel time needed and therefore reducing carbon production with the added benefit of decreased survey costs.' Kraken's SAS service was recently selected by Offshore Renewable Energy (ORE) Catapult, the UK's leading technology innovation and research center for offshore renewable energy, to be part of its Launch Academy. Through Launch Academy, Kraken will be given access to world-class testing and research programs as well as the opportunity to work with industry, academia, and government to position SAS survey services for the offshore wind industry. With the recent acquisition of 3D at Depth, Kraken Robotics now operates a global offshore services business out of the UK and the U.S. Kraken global SAS services will operate out of its Aberdeen, UK office, where it also provides sub-seabed imaging services using its Sub-Bottom Imager™ and Acoustic Corer™ technologies. With more than 30 employees based in the UK, Kraken completed more than 20 services projects in 2024, delivering high-quality sub-bottom imaging data to clients across 13 1: Kraken will provide synthetic aperture sonar surveys for the offshore energy market with its KATFISH towed system. 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 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 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
