• 2019 August 19 12:53

    Kraken’s ThunderFish® delivered to DRDC, Canada

    Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”) says that its wholly owned subsidiary Kraken Robotic Systems Inc. has delivered its ThunderFish® 300 Autonomous Underwater Vehicle (AUV) to its test partner, Defense Research and Development Canada (DRDC) in Halifax, Nova Scotia. Final sea acceptance testing was completed on August 8th. The delivery to DRDC was facilitated by a $1 million contract award under the Canadian government’s Build in Canada Innovation Program.

    Kraken CEO Comments

    Karl Kenny, Kraken’s President & CEO said, “We are continuing development of the ThunderFish® platform to bring significant new features to the vehicle including increased size, endurance and payload capacity including the integration of our AquaPix® Multi-Spectral Synthetic Aperture Sonar and SeaVision® 3D laser scanner sensors. Our next generation ThunderFish® will meet the increasing demands for mapping, imaging, underwater operational awareness and payload delivery for a variety of commercial and military missions. The ThunderFish® will also be a key technology component in our OceanVision™ project under Canada’s Ocean Supercluster initiative. We are very pleased to successfully deliver our first pre-commercial sale of ThunderFish® to DRDC.

    Marine Robotics Market Opportunity

    In 2016, the marine robotics market was valued at approximately US$2 billion and is expected to reach over US$9 billion by 2025. According to a recent study by Global Info Research, defense applications generate nearly 60% of all AUV sales. Commercial applications generate approximately 25% of AUV sales, while the ocean science / research applications generate 15% of the AUV market revenue. AUVs will be increasingly used in the commercial sector, primarily because of the expense of using piloted remotely operated vehicles and the associated support ship costs. Increased AUV functionality and growing demand from the offshore energy sector are significant drivers for adopting AUVs.

    Oil & gas production is rapidly making a shift to deeper subsea regions. Working in this environment makes inspection and monitoring much more difficult and raises unique challenges and environmental issues. Large AUVs, such as Kraken’s ThunderFish, can be used for deep water mapping and surveying applications, including inspections of subsea asset infrastructure.

    North America currently holds the largest share of the AUV market. The increasing adoption of AUVs for military & defense applications in the USA is driving the growth of the AUV market in North America. However, the rising need for new energy sources in Asia Pacific are expected to create significant opportunities for AUV manufacturers over the coming years.

    About ThunderFish®

    Kraken’s ThunderFish® AUV is an innovative marine robot designed for ultra-high resolution seabed imaging and mapping applications. It can be used for a wide range of oceanographic and military tasks including underwater surveys, environmental monitoring, habitat mapping, marine archaeology, inspection of submerged structures, searching for downed aircraft and naval mine countermeasures. ThunderFish® carries an array of sensors and custom payload modules, including Kraken’s AquaPix® Synthetic Aperture Sonar. The platform is ideal for monitoring or surveillance tasks where cost efficiency, ease of deployment and operational simplicity matters. Its modular design allows for rapid sensor reconfiguration and battery replacement.

    ABOUT DRDC

    Defence Research and Development Canada (DRDC) is the Department of National Defence’s science and technology organization. DRDC provides the Canadian Armed Forces, other government departments, and public safety and national security communities with knowledge and technology in areas related to defence and security. DRDC has approximately 1,400 employees across seven research centres within Canada.

    ABOUT KRAKEN ROBOTICS INC.

    Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company that is dedicated to the production and sale of software-centric sensors 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.




2019 September 18

15:24 USCG ends search for migrants of capsized vessel off Martinica Beach
15:03 GTT receives an order from HHI & SHI for the tank design of six Very Large Ethane Carriers
14:50 FSUE Atomflot develops project on construction of 7MW icebreaking tugboat
14:33 Hapag-Lloyd to increase rates from North East Asia to Australia
14:16 Wärtsilä simulators provide advanced training at newly inaugurated Portuguese facility
14:14 Ørsted contracts Van Oord for cable installation at Greater Changhua offshore wind farms
14:12 GTT obtains Approval in Principle for Arc7 ice class ships from Russian Maritime Register of Shipping
14:03 ABS and Samsung Heavy Industries sign digital technology
14:00 SAAM Towage contracts Damen for delivery of tug vessel
13:31 Discussion “Development of recreational crafts and high-speed passenger vessels” begins at Neva 2019
13:10 Wärtsilä launches the Wärtsilä 31SG pure gas engine for marine market applications
13:04 International Association of Ports and Harbors visited by ICHCA representatives
12:38 RS issues Approval in Principle for new GTT’s LNG containment systems
12:03 LR awards Jiangnan AiP for 91,000 m3 VLGC Panda 91T design.
11:49 ADNOC acquires 10% of VTTI
11:30 LNG-fueled tugboat Ishin undergoes 1st LNG bunkering trial in Port of Kobe
11:02 ABS and Samsung Heavy Industries to develop next generation LNG carrier
10:37 Training underway for Jeddah Maritime Information Sharing Centre
10:21 Panama Canal signs agreement with Port of Rotterdam
10:12 TGS announces strategic milestones to accelerate growth
09:44 Brent Crude futures price is down 0.09% to $64.49, Light Sweet Crude – down 0.44% to $59.08
09:15 Baltic Dry Index is down to 2,283 points
08:56 MABUX: Bunker Market this morning, Sept 18

2019 September 17

19:06 Rosmorrechflot’s shipbuilding order for coming six years foresees construction of 147 vessels
18:29 Lead chemical carrier of Project 00216М named PortNews after our agency
18:05 MPC Capital and ZEABORN strengthen HARPER PETERSEN by combining their shipbroking activities
17:24 MOL issues integrated 'MOL Report 2019'
16:35 Eagle Bulk Shipping takes delivery of M/V Sydney Eagle
16:02 CMA CGM and TFG launch Rhine valley rail to German hinterland
15:30 CMA CGM announces FAK rates from North Europe to New Zealand
15:02 Sembcorp Marine’s Brazilian shipyard completes Petrobras P-68 FPSO
14:56 CMA CGM strengthens its intra-European and Mediterranean offer with the launch of the Black Sea Marmara Morocco service
14:10 Hapag-Lloyd announces General Rate Increase for Trans-Pacific eastbound
13:10 Zadar Cruise Port is Port of the Year 2019
12:10 Port of Oakland refrigerated exports jump 20 percent in past year
11:51 Combined Task Force Commanders discussed their shared aims and goals in tackling the threat of piracy
11:34 Lars Thrane makes its Iridium Certus® debut with the LT-4200 maritime satcom system
11:22 Belfast Harbour reveals ambitious growth plans
11:00 Marine cargo market characterised by “accelerating change” as underwriters take action to address continuing unprofitability, says IUMI
10:34 Safety at Sea and BIMCO publish cyber security white paper
10:27 ABS and Keppel partner in developing the first two new build Drilling Rigs with Smart Notations
09:43 Greenland research vessel picks MAN hybrid propulsion package
09:32 Brent Crude futures price is down 0.87% to $68.42, Light Sweet Crude – down 1.24% to $61.89
09:16 Baltic Dry Index is down to 2,311 points
08:56 MABUX: Bunker market this morning, Sept 17

2019 September 16

18:04 Ports draw $5B investment, 12K jobs to Georgia
17:59 GOGL increases investment in Singapore Marine
17:50 Pella launched first serial trawler of Project 03095, Castor
17:25 Tenders on pilot projects for stevedoring company concessions in Olvia and Kherson ports officially announced
17:04 Vestdavit equips Norwegian Coast Guard’s next generation for Polar boat launch and recovery
16:29 USCG halts 2 illegal charters near Miami, Fort Lauderdale
16:04 Royal Caribbean to welcome first Quantum Ultra Class ship to North America
15:27 Boluda Towage Spain manoeuvres world’s largest container ship in port of Algeciras
15:04 Cargill and Maersk Tankers join forces in the Medium Range segment
14:10 Zvezda shipyard hosts keel-laying ceremony for third Aframax tanker for Rosnefteflot
13:39 Jotun transforms turnaround times for storage tanks with a new TankFast solution
13:16 North Sea Port starts testing more reliable lockage planning for scheduled services in the Terneuzen lock
12:42 Meyer Turku is moving the delivery of Costa Smeralda to November
12:18 AEC welcomes Guggenheim Partners Investment Management as Arctic Partner
11:55 Professional emergency response team of Kontur SPb LLC recommended to be certified for emergency response to oil spills