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Update — Kraken has successfully completed a Robotics as a Service (RaaS) contract from the Canadian Business Journal, Government of Canada.

ST. Johns, Newfoundland, April 4, 2022 (GLOBE NEWSWIRE) — Canada’s Ocean Company ™ Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) successfully completes Robotics as a Service (RaaS) Announced that it was completed. ) Contract with the Royal Canadian Navy (RCN) to test Kraken’s ultra-high resolution research equipment. The $ 500,000 contract is funded under the Government of Canada’s Innovative Solutions Canada Program, and the testing division for this service is RCN’s Fleet Diving Unit Atlantic (FDU-A) based in Halifax, Nova Scotia. was. RCN has the authority to develop and maintain advanced sonar imaging and data storage capabilities on all three coasts and deploy this capability to national and international interest areas.

Enhancements to RCN’s current capabilities
The agreement gives RCNFDU-A access to state-of-the-art technology and high resolution seafloor data. Kraken’s RaaS service will be FDU-A by deploying the KATFISH towed SAS sonar system by Kraken and integrating Kraken Light Weight SAS (LW-SAS) into the RCN-owned Huntington Ingalls REMUS 100 Underwater Vehicle (UUV). Existing features are enhanced by using state-of-the-art technology service-based products with significantly better data at a much lower cost and leveraging continuously improving features.

Throughout the contract process, Kraken’s team has demonstrated that Kraken’s KATFISH and LW-SAS systems range, area coverage, and resolution meet or exceed target specifications. In addition, the Kraken and FDU-A teams worked closely on payload integration, demonstrating that LW-SAS can be mounted and removed from vehicles in the field. Finally, the FDU-A team was trained to use Kraken’s cloud-based post-mission analysis tools to investigate post-mission data and perform change detection.

Karl Kenny, President and CEO of Kraken, said that the deal was successfully completed: About the latest SAS technology available. The experience of working with FDU operators has provided valuable feedback to engineers and technicians. The RCN assessment serves as an excellent reference for global provision, especially to other NATO allies. In addition, the RCN’s objective comparison of RaaS offering data with legacy sonar data provided empirical evidence of the superior image resolution and accuracy of Kraken survey data. “

In the words of Major Neville Rocky, commander of the Fleet Diving Unit (Atlantic Ocean), “Our members are trained in mines and seafloor surveys to be able to test and evaluate innovative Canadian technology. We are always excited. We want the team to have the best equipment available to complete the mission safely and effectively. Kraken’s equipment performance during this evaluation. Based on, we tested the best equipment available. “

Quoted by Commander Roland Leyte, Director of Diving Safety (D DIVS), “By adopting the ISC TS program, RCN will test and try high-tech, advanced and state-of-the-art equipment for its feasibility and future. By partnering with Kraken Robotics to take advantage of Robotics as a Service, RCN’s Seabed Intervention Systems division is an end-user, REMUS 100, an already operational UUV. Adopting a superior SAS system, we were able to achieve much higher resolution images. Trials and partnerships have been very successful in integrating SAS with REMUS 100, and the increased resolution helps identify and change objects. Demonstrated a significant improvement in detection. “

Benefits to the Navy
Kraken believes that its RaaS products can bring great benefits to other navies around the world. Kraken RaaS gives the Navy access to cutting-edge technology “on demand” without worrying about equipment obsolescence, lifecycle costs, or reduced operator skills. Kraken RaaS has many advantages, especially because it is related to RCN.

  • Both MARLANT (Maritime Forces Atlantic) and MARPAC (Maritime Forces Pacific), RCN’s operational bases, require each year to maintain a Q route (a safe transit lane to designated ports along the coast and in Canadian waters). It has been. These investigations will take a considerable amount of time with current RCN technology due to the image quality and speed of current towed vehicles. Kraken’s technology significantly improves image quality and significantly reduces research time through cutting-edge technological advances.
  • Kraken’s technology can be deployed to help RCN map areas of interest prior to regular exercises and operations, enabling change detection and optimizing return visit rates. It has image quality. This has the potential to provide RCN with a competitive edge for detecting complex seafloor bottom objects.
  • Kraken’s technology and service applications enhance route research activities while supporting coastal waterway mapping and charting requirements annually in high resolution resolution, freeing valuable Navy assets to other mission-critical functions. To do.

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c1a3d4b3-8c29-41e9-9508-9f0aaa3196df.

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bef0f296-26b3-4a34-824b-63965ffb65af.

Figure 3 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f13d7bec-ef66-4479-9e83-143b07c3cecb.

Figure 4 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ec2b5c0-f214-45c6-b516-93ef0e4f3dfa.

Link

www.krakenrobotics.com
www.pangeosubsea.com

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KRAKENROBOTIC SINC.about
Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is a marine technology company specializing in the manufacture and sale of software-centric sensors, underwater batteries and thrusters, and underwater robotic systems. The company is headquartered in Newfoundland with offices in Canada, the United States, Germany, Denmark and Brazil. In July 2021, Kraken acquired PanGeo Subsea, a leading service company specializing in undersea high-resolution 3D acoustic imaging solutions. With offices in Canada, the United States and the United Kingdom, PanGeo is now a wholly owned subsidiary of Kraken. Kraken is ranked among the top 100 marine technology companies by the Marine Technology Reporter.

The specific information in this news release constitutes a forward-looking statement. When used in this news release, “may”, “do”, “can”, “do”, “intention”, “plan”, “expect”, “believe”, “seek”, The terms “suggest”, “estimate”, “expectation”, and similar expressions are relevant to us and are intended to identify forward-looking statements. In particular, this news release contains statements, among other things, about business goals, expected growth, performance, performance, business projects and opportunities, and future prospects for financial results. These statements include known and unknown risks, uncertainties, and other factors that may cause actual results and events to differ materially from those expected in such forward-looking statements. increase. Such statements reflect our current views on future events based on certain key factors and assumptions, including market changes, competition, government or regulatory trends, general economic conditions and other matters. Subject to certain risks and uncertainties, including but not limited to set factors. It is described in our public disclosure document. Due to many factors, including but not limited to the above, our actual results, performance, or performance may differ from those described in this news release. These factors should not be construed as exhaustive. If one or more of these risks or uncertainties become apparent, or if the assumptions underlying the forward-looking statements are found to be incorrect, the actual results are those set forth in this news release. , And such forward-looking statements contained in this news or incorporated by reference may differ materially. Release, should not be overly trusted. Such statements are only made as of the date of this news release. We have no intention or obligation to update these forward-looking statements. The forward-looking statements contained in this news release are explicitly modified by this notice.

Neither TSX Venture Exchange Inc. nor its regulatory service offering (the term is defined in the TSX Venture Exchange policy) is responsible for the validity or accuracy of this release, and OTC QB approves or disapproves this content. Is not … Press release.

For more information, please contact:

Chief Financial Officer Joe Mckay
(416) 303-0605
jmackay@krakenrobotics.com

Chief Operating Officer, Greg Reed
(416) 818-9822
greid@krakenrobotics.com

Sean Peasgood, Investor Relations
(647) 955-1274
sean@sophiccapital.com


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Update — Kraken has successfully completed a Robotics as a Service (RaaS) contract from the Canadian Business Journal, Government of Canada.

Source link Update — Kraken has successfully completed a Robotics as a Service (RaaS) contract from the Canadian Business Journal, Government of Canada.

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