Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) announced in a press release today contracts for subsea batteries and synthetic aperture sonar systems (SAS). These SAS sensor contracts represent two new customers, including a European Research Institute operating next-generation AUVs, and the other is a NATO member country in underwater defense applications. Deliveries will occur in 2024.
The firm’s high-resolution 3D acoustic imaging solutions and services enable clients to overcome undersea challenges safely, efficiently, and sustainably. Canadian-listed shares were trading at $0.435 in morning trade.
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