{"id":40274,"date":"2020-07-08T12:10:00","date_gmt":"2020-07-08T12:10:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2642570"},"modified":"2020-07-08T12:10:00","modified_gmt":"2020-07-08T12:10:00","slug":"kraken-announces-1-million-of-defense-contracts","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/07\/08\/kraken-announces-1-million-of-defense-contracts\/","title":{"rendered":"Kraken Announces $1 Million of Defense Contracts"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"111\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-kraken.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<p align=\"justify\">Kraken Robotics Inc. is pleased to announce that it has recently received three defense customer orders totaling approximately $1 million:<\/p>\n<ul type=\"disc\">\n<li>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.&nbsp; Delivery of this order is scheduled for Q4, 2020. The initial order shipped at the end of Q2.<\/li>\n<li>Sale of a SeaVision&trade; laser scanner to a large US defense contractor. Delivery occurred in Q2.<\/li>\n<li>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.<\/li>\n<\/ul>\n<p align=\"justify\">Karl Kenny, Kraken President and CEO said, &ldquo;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.&rdquo;<\/p>\n<p align=\"justify\"><strong>ABOUT KRAKEN ROBOTICS INC.<\/strong><\/p>\n<p align=\"justify\">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&rsquo;s, Newfoundland with offices in Dartmouth, Nova Scotia; Toronto, Ontario; Bremen &amp; 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.<\/p>\n<p>For further information, please contact:<\/p>\n<p>Joe MacKay, Chief Financial Officer<br \/>(416) 303-0605<br \/>jmackay@krakenrobotics.com<\/p>\n<p>Greg Reid, Chief Operating Officer<br \/>(416) 818-9822<br \/>greid@krakenrobotics.com<\/p>\n<p>Sean Peasgood, Investor Relations<br \/>(647) 955-1274<br \/>sean@sophiccapital.com<\/p>\n<p>Shauna Cotie, Marketing Manager<br \/>(709) 757-5757 x 241<br \/>scotie@krakenrobotics.com<\/p>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/krakenrobotics.com\" target=\"_blank\">http:\/\/krakenrobotics.com<\/a><br \/><b>Contact Information:<\/b><br \/>Joe MacKay, Chief Financial Officer<br \/>\n(416) 303-0605<br \/>\njmackay@krakenrobotics.com<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/disclosure-newswire\/\" rel=\"category tag\">Disclosure Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Joe MacKay, Chief Financial Officer<br \/>\n(416) 303-0605<br \/>\njmackay@krakenrobotics.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"111\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-kraken.jpg\" alt=\"\">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.&nbsp; Delivery of this order is scheduled &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/07\/08\/kraken-announces-1-million-of-defense-contracts\/\">Continue reading <span>Kraken Announces $1 Million of Defense Contracts<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/07\/08\/kraken-announces-1-million-of-defense-contracts\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,3,22,54],"tags":[],"class_list":["post-40274","post","type-post","status-publish","format-standard","hentry","category-disclosure-newswire","category-english","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kraken Announces $1 Million of Defense Contracts - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/07\/08\/kraken-announces-1-million-of-defense-contracts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kraken Announces $1 Million of Defense Contracts - Business\" \/>\n<meta property=\"og:description\" content=\"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. 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