Kraken Robotics Sees Strong Momentum Continuing
, an increase of 287% over the comparable quarter.The increase was the result of continued delivery of subsea batteries, work with the Canadian Navy on its Remote Minehunting and Disposal Systems program, the production of the company’s KATFISH product as well as the sale of Synthetic Aperture Sonar systems.Kraken is reiterating its 2024 financial guidance. For 2024, Kraken expects revenue between $90.0 million to $100.0 million and Adjusted EBITDA in the $18.0 million to $24.0 million range. Capital expenditures in 2024 are expected to range from $6.0 million to $7.0 million.“2023 was a very
GeoAcoustics Names Dave Holland CTO
bathymetric sonar, GeoPulse sub-bottom profiler and Pulsar side scan sonar product ranges.After finishing his BSc(Hons) in Electronic and Electrical Engineering at Newcastle University, Holland has completed nearly four decades of work in marine survey equipment design and development, including 3D Sonar systems, shallow water sonar systems and high-resolution low voltage boomer and hydrophone seismic exploration systems, in addition to equipment database management.Starting work with Electronic and Geophysical Services Ltd (EGS) in UK in 1987, Holland moved to the Hong Kong office, where he dedicated
Kraken Robotics Reels In $2.4M Sonar and Subsea Power Contracts
Canadian company Kraken Robotics has secured contracts totaling $2.4 million for subsea batteries and synthetic aperture sonar systems (SAS).The SAS sensor contracts are for a Research Institute and a Hydrographic Office of an unnamed Navy.No details can be provided on the subsea power customer due to confidentiality, Kraken Robotics informed.Deliveries of the systems will take place in 2024.
Mesoteh Rebrands to Kongsberg Discovery Canada
opened its doors in 1973, rapidly establishing a loyal customer base in the fishery and ocean science segments.Today, these key groups have been joined by businesses spanning areas ranging from renewable energy and infrastructure, through to search and rescue, all of whom rely on high resolution sonar systems and acoustic technology to unlock in-depth ocean understanding.Mesotech, which employs 50 local experts manufacturing more than 100 marine surveillance and detection systems, has been a part of the Norway-headquartered Kongsberg Group since 1997.Kongsberg Discovery launched as a standalone company
New Partnership Strengthens US-Australia Subsea Tech Research
Newport personnel included “Artificial Intelligence/Machine Learning,” by Anton Spirkin and Dr. Christopher Hixenbaugh, of the Undersea Warfare Platforms and Payload Integration Department; “Biofouling,” by Dr. Thomas Ramotowski and Kristina Kamensky, of the Sensors and Sonar Systems Department; “Electromagnetics/Antennas,” by William Craig, of the Undersea Warfare Electromagnetic Systems Department; and “Cybersecurity,” by Dr. Benjamin Drozdenko, of the Undersea Warfare Combat Systems Department.Dr. Jason Gomez, Division Newport’s chief technology
NORBIT Acquires Ping DSP
on our global sales and distribution platform,” said Per Jørgen Weisethaunet, CEO of NORBIT.Known for producing some of the world’s most advanced interferometric sidescan sonars, Ping DSP, based in Victoria B.C., further enhances NORBIT's diverse collection of cutting-edge sonar systems, especially for clients in research/academia and those dedicated to mapping in extremely shallow territories.The target company is valued at $3.24 million on a cash and debt-free basis. NORBIT said the acquisition is to be financed 70% by cash and 30% as a private placement to the sellers of
Kraken inks $2.7m in Sonar, Subsea Battery Contracts
Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) received contracts totalling $2.7m for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken's list of users. One customer is 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.
Spanish Navy Adds Saab Seaeye ROV for Submarine Escape and Rescue
by NATO for a remotely operated vehicle meeting their standards. The Leopard also met the Spanish Navy’s full ISO/IEE 15288 standards for remotely operated vehicles, along with their standards for the control cabin.The Leopard can locate and survey a distressed submarine using its array of sonar systems and cameras to provide both color zoom and low-light black and white video images for rescue planners. In urgent rescue situations the Leopard can work tirelessly 24 hours a day, for days on end in challenging conditions.According to the information provided by the Spanish Navy through NSPA,
NOAA Taps Woolpert for Chesapeake Bay Watershed Study
on 615 square nautical miles and include portions of the Potomac, Rappahannock, James, and York rivers, which in some areas have not been surveyed for more than 50 years. Woolpert will mobilize five hydrographic survey vessels, or nearly a quarter of its fleet, equipped with multibeam and side-scan sonar systems out of the firm’s East Coast hydrographic hub in Charleston, S.C. Vessel locations will be displayed in real time via a customized GIS dashboard to enhance situational awareness and provide real-time progress and information throughout the project.These data will serve several missions
February 2024
