Latest news with #REMUS300
Toronto Star
4 days ago
- Business
- Toronto Star
Kraken Robotics Schedules Q2 2025 Financial Results Release and Webcast
ST. JOHN'S, Newfoundland and Labrador, Aug. 14, 2025 (GLOBE NEWSWIRE) — Kraken Robotics Inc. ('Kraken' or the 'Company') (TSX-V: PNG, OTCQB: KRKNF) announces that it will release second quarter 2025 financial results at 6:30am ET on Thursday, August 21, 2025. The Company has also scheduled a webcast to discuss results on Thursday, August 21, 2025 at 8:30am ET. The webcast will be hosted by Greg Reid, President and Chief Executive Officer and Joe Mackay, Chief Financial Officer of Kraken Robotics and will cover second quarter 2025 results ending June 30, 2025. Webcast Details: Date: Thursday, August 21, 2025 Time: 8:30am ET Registration URL: Figure 1: Kraken SAS integrated on a REMUS 300 Uncrewed Underwater Vehicle 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. ARTICLE CONTINUES BELOW 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 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 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
07-04-2025
- Automotive
- Yahoo
HII Delivers Initial Lionfish SUUVs to U.S. Navy Under Multi-Year Program
POCASSET, Mass., April 07, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced the delivery of first two Lionfish small uncrewed undersea vehicles (SUUVs) to the U.S. Navy under a program that could scale to 200 vehicles, with a contract value exceeding $347 million. Lionfish is based on HII's REMUS 300 platform, a modular, open-architecture SUUV engineered for multi-mission adaptability and the program was developed in collaboration with the U.S. Navy and Defense Innovation Unit (DIU), to accelerate the adoption of dual-use commercial technologies into U.S. Department of Defense programs. The program has been recognized as the U.S. Navy's first transition from an other transaction prototype to full-scale production. The Lionfish SUUV is the first, and only, cyber-compliant uncrewed underwater vehicle. 'This delivery represents a key milestone in the Lionfish program,' said Duane Fotheringham, president of Mission Technologies' Uncrewed Systems business group. 'The success and on-time delivery of Lionfish is the product of close collaboration between the government and industry team that will put a critical mine hunting capability in the hands of sailors and marines in an operationally relevant time frame.' HII was awarded the U.S. Navy's Lionfish system program contract in 2023, and production of the Lionfish is underway at HII's Uncrewed Systems facility in accompanying this release are available at: The U.S. Navy's selection of REMUS 300 underscores confidence in the REMUS's field-proven performance and its adaptability to dynamic mission profiles. Lionfish is designed to address critical undersea warfare needs, including mine countermeasures, intelligence, surveillance, and reconnaissance (ISR), anti-submarine warfare, and electronic warfare. The REMUS UUV family delivers critical advantages across modern naval operations and the autonomous systems have been proven to operate independently or in conjunction with crewed platforms — such as Virginia-class nuclear submarines — to extend mission range, reduce detection risk, and limit personnel exposure. The REMUS open-architecture design allows rapid payload integration, enabling mission-specific configurations and future tech insertions — key factors in maintaining operational relevance and cost efficiency over time. To date, HII has sold more than 700 REMUS vehicles to over 30 countries, including 14 NATO members. Notably, over 90% of REMUS units delivered in the past 23 years remain in service, demonstrating platform durability and lifecycle value — both critical in defense acquisition decision-making. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: HII on the web: HII on Facebook: HII on X: HII on Instagram: Contact: Greg McCarthy(202) A photo accompanying this announcement is available at:
