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Kraken Completes Survey of Undersea Power Cables with KATFISH Towed Sonar, The Canadian Business Journal

st. JOHN’S, NEWFOUNDLAND, Nov. 18, 2022 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) announced the launch of the offshore portion of its Robotics as a Service (RaaS) contract for maritime inspections. announced the completion of of critical underwater infrastructure, including submarine power cables. The contract value is $500,000. Kraken completes offshore surveys in difficult sea conditions including cross currents up to 4 knots using his KATFISH™ Rapid Towed Synthetic Aperture Sonar (SAS) system combined with Kraken’s Automatic Launch and Recovery System (ALARS) Did.

“Synthetic aperture sonar is rapidly being recognized as the next standard for commercial offshore activities such as subsea surveys, pre-route surveys and infrastructure monitoring due to its high resolution and high speed capabilities,” said Moya Cahill, Executive Vice President of Services. said. Kraken Robotics. “By bringing our military-proven COTS solutions to the commercial market, we expect to see accelerated adoption across the oil & gas and offshore renewable energy sectors. Following our success, we will mobilize SAS assets in Europe to meet growing commercial market demand towards 2023.”

About Catfish
KATFISH is a fast, actively stabilized Synthetic Aperture Sonar (SAS) towfish that operates at speeds up to 10 knots. KATFISH’s high speed and constant resolution significantly improve Area Coverage Rate (ACR) by providing more useful data at longer range and higher fidelity than traditional sidescan sonar. KATFISH provides range-independent acoustic seafloor imagery with 3 cm x 3 cm resolution and area coverage rate (ACR) up to 4 km.2/hr, with swaths up to 400 meters, including simultaneous full-swath 3D bathymetry. After post-processing, constant resolution images of 1.9 cm x 2.1 cm are available.

Figure 1: Deployment of KATFISH

KATFISH Oil and Gas Images - Flowlines and Riser Bases

Figure 2: KATFISH Oil and Gas Image – Flowline and Riser Base

Link
www.krakenrobotics.com

Social media
LinkedIn www.linkedin.com/company/krakenrobotics
twitter www.twitter.com/krakenrobotics
Facebook www.facebook.com/krakenroboticsinc
YouTube www.youtube.com/channel/UCEMyaMQnneTeIr71HYgrT2A
Instagram www.instagram.com/krakenrobotics

About Kraken Robotics
Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company that specializes in manufacturing and marketing software-centric sensors, subsea batteries and underwater robotic systems. The company has offices in North America and Europe. In July 2021, Kraken acquired PanGeo Subsea, a leading services company specializing in high-resolution 3D acoustic imaging solutions under the seafloor used to de-risk offshore installations. With offices in Canada, the US and the UK, PanGeo is now a wholly owned subsidiary of Kraken. Kraken is ranked as one of the top 100 marine technology companies by Marine Technology Reporter.

Certain information in this news release constitutes forward-looking statements. As used in this news release, “could”, “could”, “could”, “could”, “intend”, “plan”, “expect” ‘, ‘believe’, ‘seek’, ‘suggest’, ‘estimate’, ‘expect’ and similar expressions in connection with our company are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements regarding, among other things, business objectives, expected growth, operating results, performance, business projects and opportunities, and financial results. These statements involve known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in the forward-looking statements. Such statements reflect our current views of future events based on certain important factors and assumptions, market, competitive, governmental or regulatory developments, general economic conditions and prevailing Subject to certain risks and uncertainties, including, but not limited to, changes in other factors. Described in our public documents. Many factors could cause our actual results, performance and achievements to differ from those set forth in this news release. This includes, but is not limited to, those listed above. These factors should not be construed as exhaustive. If one or more of these risks or uncertainties materializes, or if the assumptions underlying the forward-looking statements prove incorrect, the actual results may be stated in this news release. The content and forward-looking statements contained in or incorporated by reference in this news may differ materially. You shouldn’t rely too much on releases. Such statements are made only as of the date of this news release. We disclaim any intention or obligation to update these forward-looking statements. Any forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither TSX Venture Exchange Inc. nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release, and the OTCQB neither approves nor disapproves of the contents of this release. Is not … press release.

For more information:

Jack North, Marketing Specialist
[email protected]

Joe McKay, Chief Financial Officer
(416) 303-0605
[email protected]

Greg Reid, Chief Operating Officer
(416) 818-9822
[email protected]

Sean Piesgood, Investor Relations
(647) 955-1274
[email protected]

A photo accompanying this announcement is available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/66110125-258d-4947-b989-72097e714b35

https://www.globenewswire.com/NewsRoom/AttachmentNg/516cdd21-ad2a-40cc-a6ad-48eaaa05e17f


CBJ Newsmaker



Kraken Completes Survey of Undersea Power Cables with KATFISH Towed Sonar, The Canadian Business Journal

Source link Kraken Completes Survey of Undersea Power Cables with KATFISH Towed Sonar, The Canadian Business Journal

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