Kraken Robotics Inc. is pleased to announce that it has recently received three defense customer orders totaling approximately $1 million:
- A follow-on order for MINSAS 60 LW sensors for man-portable vehicles. This solution was developed with the support of funding from the U.S Navy and Foreign Comparative Test Program. Delivery of this order is scheduled for Q4, 2020. The initial order shipped at the end of Q2.
- Sale of a SeaVision™ laser scanner to a large US defense contractor. Delivery occurred in Q2.
- A first purchase order issued to our Acoustic Signal Processing Group (APSG) under an 8-year framework agreement announced in Q1 with a leading international defense contractor. Kraken will provide development, maintenance and training to the customer to enhance and modernize their sonar product.
Karl Kenny, Kraken President and CEO said, “We continue to make inroads with US and international navies and defense contractors. We are especially excited to deliver our first MINSAS 60 LW sensor as a reasonably priced, high performance sonar upgrade path for existing man-portable AUVs as well as new builds.”
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. is a marine technology company dedicated to the production and sale of software-centric sensors, subsea batteries and thrusters, and underwater robotic systems. The company is headquartered in St. John’s, Newfoundland with offices in Dartmouth, Nova Scotia; Toronto, Ontario; Bremen & Rostock, Germany; and Boston, Massachusetts. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter. For more information, please visit www.krakenrobotics.com, www.krakenrobotik.de, www.krakenpower.de. Find us on social media on Twitter (@krakenrobotics), Facebook (@krakenroboticsinc) and LinkedIn.
For further information, please contact:
Joe MacKay, Chief Financial Officer
(416) 303-0605
jmackay@krakenrobotics.com
Greg Reid, Chief Operating Officer
(416) 818-9822
greid@krakenrobotics.com
Sean Peasgood, Investor Relations
(647) 955-1274
sean@sophiccapital.com
Shauna Cotie, Marketing Manager
(709) 757-5757 x 241
scotie@krakenrobotics.com
Contact Information:
Joe MacKay, Chief Financial Officer
(416) 303-0605
jmackay@krakenrobotics.com
Tags:
, Wire, Disclosure Newswire, United States, English
Contact Information:
Joe MacKay, Chief Financial Officer
(416) 303-0605
jmackay@krakenrobotics.com
